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Dollar is showing mild strength in early US session despite slightly disappointing PCE inflation data. While the data reinforces the likelihood of a 25bps rate cut by the Fed in September, it does little to support the case for a more aggressive 50bps cut. The greenback is getting a slightly boost from modest recovery in

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 were steady in early trading on Friday as investors weighed supply concerns in the Middle East against signs of weakened demand. Brent crude futures for October delivery expire on Friday and were unchanged at 0033 GMT. The more actively traded contract for November fell 7 cents or 0.09% to $78.75. U.S. West Texas

Trading activity was notably subdued in the final Asian session of the week and August, but with a busy economic calendar ahead, volatility could pick up soon. Euro remains the weakest performer of the week, as the broad slowdown in inflation, reflected in data from Germany, Spain, Belgium, and Ireland, points towards another ECB rate

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 Friday at Rs 71,905/10 gram, which is down by 0.39% or Rs 283 while silver December futures contracts were trading at Rs 86,634/kg, down by 0.48% or Rs 415. In the month of August, the prices of gold have gained Rs 2,200/10 gm while silver has

Euro fell notably in European session today, as inflation data from both Germany and Spain significantly underperformed expectations. The rapid deceleration in price pressures strengthens the argument for a September rate cut by ECB. With inflation slowing faster than anticipated, there is growing speculation that ECB could have the flexibility to implement two additional rate

gold 10 mins There has been a nice turnaround on the intraday gold chart. It fell about $15 follow a round of USD buying on good GDP data but has since recouped all of that and more. Bids emerged just before $2500 and it’s now in-line for a record close. The intraday record of $2531

Oil prices held mostly steady on Thursday as a smaller-than-expected draw in U.S. crude inventories and continued worries over China demand countered supply disruptions out of Libya. Brent crude futures were down 1 cent, or 0.01%, at $78.64 a barrel at 0043 GMT, while U.S. West Texas Intermediate crude futures were up 8 cents, or

New Zealand Dollar made significant gains in Asian session today, boosted by unexpectedly strong business confidence data from New Zealand. In retrospect, RBNZ’s unexpected rate cut just two weeks ago now appears to be a timely and strategic move, welcomed by Kiwi traders. By initiating the policy easing cycle earlier than anticipated, RBNZ may have

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 71,934 per 10 gram, which is up by 0.27% or Rs 191 while silver September futures contracts were trading at Rs 84,477/kg, up by 0.6% or Rs 500. In this week so far, the prices of gold have traded flat, up by Rs

Euro is facing significant selling pressure today, with its recent decline gaining momentum. Fresh data from ECB paints a grim picture: bank lending growth in July was notably sluggish, failing to meet even historical averages. Meanwhile, money growth, which had shown signs of improvement in prior months, remained stagnant with M3 increasing by just 2.3%

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 remained flat at Rs 74,350 per 10 grams in the national capital on Wednesday in scattered deals even as it weakened in the overseas markets. Silver prices, however, declined Rs 400 to Rs 87,800 per kilogram. It had ended at Rs 88,200 per kg in the previous session on Tuesday. Meanwhile, gold of

Australian Dollar rose broadly in the Asian session following the release of stronger-than-expected inflation data. The slight slowdown in inflation wasn’t as pronounced as markets had anticipated, reinforcing RBA’s stance that it is not yet ready to cut interest rates. While the data does reduce the urgency for another rate hike, it still supports the

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 Wednesday at Rs 72,040 per 10 gram, which is down by 0.11% or Rs 82 while silver September futures contracts were trading at Rs 85,330/kg, down by 0.38% or Rs 328. In this week, the prices of gold have gained Rs 300/10 gm while silver has