Gold prices in the national capital fell Rs 141 to Rs 48,509 per 10 grams on Monday, continuing the previous day’s weakness, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 48,650 per 10 gram. Silver, however, gained marginally by Rs 43 to Rs 66,019 per kg, from Rs
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As European stocks turned south after initial trading, US futures also also dragged down. Overall market sentiments turned mixed after a bright start in Asia. Dollar is recovering mildly but commodity currencies remain the strongest one so far, as led by New Zealand Dollar. There is apparently some pressure on European majors after German Ifo
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
China has been making overtures to the US The US-China well has been poised and any talk of a return to the pre-2017 status quo is unrealistic. China knows that. So it needs to do what it can to improve relations, starting with small steps. The WSJ reports that Chinese leaders raised the idea of
Snapping a three-day winning streak, gold prices on Friday slipped by Rs 263 to Rs 48,861 per 10 grams in the national capital, due to a weak trend in the international market, according to HDFC Securities. The precious yellow metal had closed at Rs 49,124 per 10 gm in the previous session. Silver prices also
The FOMC meeting in the coming week will not bring any change in the monetary policy. Economic activities have moderated since the December meeting, while resurgence in the coronavirus cases could hurt economic activities more seriously than previously expected. Yet, roll-out of more fiscal stimulus and positive vaccination progress suggest that policymakers might keep the
The US just crossed 400,000 Biden is speaking from the White House about the pandemic and said there is little that can be done to change the trajectory of the pandemic. Lately the US has been clocking nearly 4000 deaths per day. At that pace, it will only be 50 more days until they hit
Oil prices fell on Friday, retreating further from 11-month highs hit last week, weighed down by worries that new pandemic restrictions in China will curb fuel demand in the world’s biggest oil importer. Brent crude futures fell 73 cents, or 1.3%, to $55.37 a barrel by 1501 GMT, after a 2 cent gain on Thursday.
Euro has surprisingly ended as the strongest one last week. While a rebound against Dollar was expected, the turnaround against commodity currency, in a risk-on week, was impressive. Though, as discussed below, the common currency still has a lot to prove. Sterling also overwhelmed New Zealand Dollar slightly and ended as second strongest. On the
Closing changes for the main markets: S&P 500 down 12 points to 3841 (-0.3%) DJIA -0.6% Nasdaq +0.1% Russell 2000 +1.2% That’s a strange dynamic. It was neither tech nor large caps leading but small caps managed to clock a big gain. On the week: S&P 500 +1.2% DJIA 0.0% Nasdaq +3.3% Russell 2000 +2.1%
The United States, which accounts for just 4 per cent of the global population, had 20 percent of all corona deaths was at the core focus as the country was hit by a second wave of the virus, resulting in much more deaths than the first wave. This was followed by the elections in the
Euro recovers mildly in early US session, after ECB said downside risks to the economic outlook are less pronounced. Though, it remains one of the worst performing for the week, together with Dollar, Yen and Swiss Franc. The greenback is clearly still under pressure for now, after worst than expected jobless claims data. Canadian Dollar
Forex news for New York trade on Markets: Gold down $15 to $1854 US 10-year yields down 2 bps to 1.85% S&P 500 down 12 points to 3841 WTI crude down $1 to $52.14 Euro leads, CAD lags The extremely strong manufacturing and services PMIs from Markit were a reminder that the US economy continues
Gold prices fell as much as 1.8% on Friday as a broader market sell-off weighed on the metal along with a firm dollar, while hopes for further stimulus from the U.S. kept bullion on track for its first weekly gain in three. Spot gold fell 1% to $1,851.50 per ounce by 10:10 a.m. EST (1510
Dollar rebounds broadly today following receding risk appetite. Investors are apparently paring their gains in stocks. Swiss Franc and Euro are the next strongest, followed by Yen. On the other hand, Australian Dollar and Sterling are the worst performing. In particular, the Pound was weighed down by sharp deterioration in manufacturing data. Over the week,
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
By Ravindra RaoMCX Gold February futures failed to hold its gains after breaching the higher end of consolidation range Rs 48,600-49,700 and slid towards the support of Rs 49,250 (5 Day EMA). Meanwhile price is facing resistance of 21 day EMA (49,650), which could be the key level for the day. As mentioned in our