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Euro made a modest recovery following ECB’s decision to cut deposit rate by 25bps, a move widely anticipated by the markets. The rate cut, decided unanimously, brings the deposit rate to 3.75%. During her post-meeting press conference, ECB President Christine Lagarde provided no surprise, reiterating the central bank’s commitment to a “data-dependent” and “meeting-by-meeting” approach.

After a sharp declines last week when they NASDAQ index fell by -5.77% and the S&P fell by -4.25%, each of those indices are up for four consecutive days this week. The NASDAQ index is now up 5.27%, while the S&P index as rebounded by 3.46% this week. Looking at the major indices today: Dow

Gold prices declined Rs 250 to Rs 74,350 per 10 grams in the national capital on Thursday, while silver rates surged to reclaim the 87,000 level, according to All India Sarafa Association. On Wednesday, the precious metal or pure gold (99.9 per cent purity) ended at Rs 74,600 per 10 grams. However, silver price rallied

The stronger-than-anticipated core inflation data initially sent shockwaves through US equities overnight, sparking a deep sell-off. However, tech stocks led a remarkable recovery, with all major indexes finishing in green. Notably, S&P 500 posted a remarkable reversal, ending the day up more than 1% after having fallen over -1% intraday—a feat not seen since 2022.

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 October futures contracts at MCX opened flat on Thursday at Rs 71,890 per 10 gram, which is down by 0.05% or Rs 37 while silver December futures contracts were trading at Rs 84,569/kg, up by 0.14% or Rs 119. In this week so far, the prices of gold have gained Rs 460/10 gm while

Dollar rises slightly across the board during early US session following release of key inflation data, which largely ruled out the possibility of 50bps rate cut at the upcoming FOMC meeting next week. While headline inflation in the US saw sharper-than-expected decline, falling to 2.6% year-on-year, core CPI remained stuck at 3.2%, signaling that disinflation

Crude oil prices have been very volatile today with the price first moving higher to a high of $67.58, then moving lower to a low at $65.63 before rotating back to the upside and making new high price up to $67.97. The high price today got within $0.16 of the falling 100 hour moving average

Gold prices climbed Rs 500 to Rs 74,600 per 10 grams in the national capital on Wednesday on account of increased buying by local jewellers as well as strong cues in the global markets. The precious metal of 99.9 per cent purity had closed at Rs 74,100 per 10 grams in the previous close on

Dollar softened across the board in today’s Asian session, dragged down by extended in US Treasury yields. Investors appear to be setting aside the first presidential debate between Kamala Harris and Donald Trump, focusing instead on the highly anticipated US CPI report, which might hopefully provide clearer direction on Fed’s upcoming interest rate cut. Market

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

Oil prices climbed on Wednesday, paring some of the previous day’s losses, as concerns about Hurricane Francine disrupting output in the U.S., the world’s biggest producer, outweighed worries about weak global demand. Brent crude futures climbed 34 cents, or 0.5%, to $69.53 a barrel by 0430 GMT while U.S. crude futures were at $66.10 a

Trading in the forex markets remained relatively subdued today, with limited momentum across major pairs. Sterling saw a brief uptick following robust UK employment data, but the rally quickly lost steam. The data did little to alter expectations that BoE will likely keep rates unchanged next week and wait until November to reassess its stance.

The Canadian dollar is the weakest performer today and if you read between the lines in Tiff Macklem’s comments, the Bank of Canada is trying to put the possibility of a 50 basis point cut in October on the table, particularly if upcoming GDP reports highlight ongoing weakness. A big reason that they need to

Gold prices rallied by Rs 600 to Rs 74,100 per 10 grams in the national capital on Tuesday on the back of fresh buying from jewellers. In the previous session, the precious metal of 99.9 per cent purity had closed at Rs 73,500 per 10 grams on Monday. Silver prices, too, jumped Rs 700 to

The forex markets have remained largely subdued in today’s Asian session, with most major currency pairs moving within a narrow range from yesterday. Investor sentiment stabilized overnight, with major US stock indexes closing higher. However, caution is still the prevailing mood as traders await tomorrow’s US CPI data, which will be pivotal in shaping Fed’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

Gold October futures contracts at MCX opened flat on Tuesday at Rs 71,615 per 10 gram, which is down by 0.02% or Rs 13 while the silver December futures contracts were trading at Rs 83,595/kg, down by 0.06% or Rs 50. In the last one week, gold prices have traded flat while silver prices have