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Global stock markets are in crash mode today, beginning with the massive historic -12.4% decline in Nikkei. Major European indexes are also trading deeply in the red, with losses around -3%, though these are overshadowed by the severe drop in Japan. Concurrently, DOW futures are down over -1100 points, with S&P 500 futures down -4.4%

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 your initial investment; do not

Gold prices retreated on Friday as profit-taking kicked in after bullion jumped over 1% earlier in the session on hopes of rate cuts buoyed by weaker than expected U.S. jobs data. Spot gold fell 0.5% to $2,432.19 per ounce as of 2:34 p.m. ET (1834 GMT). U.S. gold futures settled 0.4% lower to $2,4769.8 However,

UPCOMING EVENTS: Monday: China Caixin Services PMI, Eurozone PPI, US ISM Services PMI, Fed’s SLOOS. Tuesday: Japan Average Cash Earnings, RBA Policy Decision, Swiss Unemployment Rate and Retail Sales, Eurozone Retail Sales, Canada Services PMI. Wednesday: New Zealand Labour Market report, BoC Minutes. Thursday: BoJ Summary of Opinions, US Jobless Claims. Friday: China CPI, Canada

Oil prices fell on Friday, settling at their lowest since January after data showed the U.S. economy added fewer jobs than expected last month, and weak Chinese economic data added more pressure. Brent crude futures settled down $2.71, or 3.41%, to $76.81 a barrel. U.S. West Texas Intermediate crude futures settled down $2.79, or 3.66%,

Nasdaq weekly This is a good spot for a bounce in many things. There are many times when the strong hands in the market would step in here; the economy isn’t that bad, there’s no financial crisis and companies are still making money. Yes, the Fed is behind the curve but they have more ammunition

Tax! Tax! Tax! Everybody in town is talking about the hike in long-term capital gains (LTCG) & short-term capital gains (STCG) and their impact on the portfolio. But let me remind you, still many people in the market are lured by quick profits and are of the view that actively trading can help them generate

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 your initial investment; do not

Spot gold closed with a loss of 0.23% at $2440 on Friday. However, the metal was up 2.30% on the week, a data and event packed week, as the US yields and the Dollar Index pummeled on the economic concerns. In Friday’s session, initially, spot gold surged on a weak non-farm payroll report and came

The financial markets were marked by significant turbulence this last week again, dominated by risk aversion.  Evidence are surfacing that the US economy is heading for a recession, or even hard landing. Speculation is mounting that Fed might be compelled to implement aggressive rate cuts, totaling 75 basis points or even a full percentage point

Coming off some eye-opening earnings/revenue numbers from Amazon after the close (lower revenues and rumblings of a slower consumer), and a day yesterday where there was a string of bad news, the markets got another dose of “weak” today in the US jobs report. The July 2024 US non-farm payrolls report revealed an increase of

Domestic gold prices jumped by over Rs 1,000 per 10 gram or 1.4% in evening trade, taking cues from the surge in the international markets. Gold’s safe haven appeal was in play after US unemployment data for July was reported higher at 4.3% versus 4.1% in June. Around 7:30 pm, MCX October gold futures were

Risk aversion is intensifying in early US session after non-farm payroll report significantly missed expectations on all fronts. This follows yesterday’s poor manufacturing data, which has already sparked discussions about a hard landing for the US economy. The weak job data is likely to fuel these concerns further, as stock futures are tumbling sharply, pointing

Prior was +206 (revised to +179K) Details of the July 2024 jobs report: Two-month net revision -29K vs -111K prior Unemployment rate 4.3% vs 4.1% expected (unrounded 4.252%) Prior unemployment rate 4.1% Participation rate 62.7% vs 62.6% prior U6 underemployment rate 7.8% vs 7.4% prior Average hourly earnings +0.2% m/m vs +0.3% expected Prior avg

Amid increased geo-political tensions, gold October futures contracts at MCX opened at Rs 70,305 per 10 gram on Friday, which is up by 0.50% or Rs 351 while silver September futures contracts were trading at Rs 83,684/kg, up by 1.32% or Rs 1,090. Gold prices rose by a little over 1% in Thursday’s session by

Safe haven currencies are dominating the market as the steep selloff in the US extended into Asian trading, with Nikkei down more than -5%. Poor US manufacturing data released overnight has intensified investor concerns about an impending recession, overshadowing the benefits of monetary policy easing from Fed. The market’s attention is now firmly on today’s

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 your initial investment; do not

Domestic gold prices jumped by over Rs 830 per 10 gram or 1.2% in evening trade, taking cues from the surge in the international markets. The gains were on account of dollar weakness and a positive commentary from the US Federal Reserve on Wednesday hinting at the likelihood of interest rate cut in September. At