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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 edged higher on Monday as signs of cooling U.S. inflation lifted hopes for interest rate cuts from the Federal Reserve this year, while traders awaited a slew of U.S. economic data due this week. Spot gold was up 0.2% at $2,331.84 per ounce as of 09:49 a.m. ET (1349 GMT), after posting a

The forex markets are showing relatively limited movement today, remaining mostly within established ranges. Yen is having a slight uptick, supported by the dips in US and European benchmark treasury yields. But the Japanese currency’ gains are modest and insufficient to reverse recent declines. Meanwhile, Swiss Franc is charting a notable course as the day’s

Headlines: Markets: JPY leads, GBP lags on the day European equities higher; S&P 500 futures up 0.2% US 10-year yields down 4.9 bps to 4.463% Gold up 0.1% to $2,330.09 WTI crude up flat at $77.01 Bitcoin up 2.0% to $69,057 There wasn’t many notable headlines in European trading today, with traders not having much

Gold prices fell on Monday as traders awaited more U.S. economic data this week after recent data showed that inflation stabilised and lifted hopes for the Federal Reserve to cut interest rates later this year. The August gold futures were trading at Rs 71,295 per 10 grams on the MCX at 12.08 pm and were

Global markets started the week on a positive note, drawing momentum from the robust close last week in the US and buoyed further by slightly better than expected manufacturing data out of China. In Tokyo, stocks received additional support from comments by BoJ Executive Director Takashi Kato, who indicated that the central bank has no

Japanese business capital expenditure for the January – March quarter of 2024: +6.8% y/y expected +12.2%, prior +16.4% -4.2% q/q Company Profits +15.1% y/y, a massive beat (don’t listen to all the whining out of Japan Inc, they’re minting it. expected +8.3%, prior +13.0% Company Sales +2.3% y/y expected +2.4%, prior +4.2% Speaking of Japan,

Oil prices were down on Thursday as the markets wait on the latest U.S. crude oil stockpiles data while resilient U.S. economic activity pointed to borrowing costs staying higher for longer in a potential blow to demand. Brent futures lost 9 cents, or 0.1%, to trade at $83.52 a barrel, while U.S. West Texas Intermediate

UPCOMING EVENTS: Monday: China Caixin Manufacturing PMI, Swiss Manufacturing PMI, Canada Manufacturing PMI, US ISM Manufacturing PMI. Tuesday: Swiss CPI, US Job Openings. Wednesday: Japan Average Cash Earnings, Australia GDP, China Caixin Services PMI, Eurozone PPI, US ADP, Canada Services PMI, BoC Policy Decision, US ISM Services PMI. Thursday: Swiss Unemployment Rate, Eurozone Retail Sales,

Gold prices were flat on Thursday, as investors awaited a key U.S. inflation reading that could provide further insights into the Federal Reserve‘s policy path. FUNDAMENTALS * Spot gold was unchanged at $2,338.04 per ounce, as of 0125 GMT, after falling 1% in the previous session. * U.S. gold futures were down 0.2% at $2,358.30.

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 traded in a narrow range of 2% in the week ending May 31 as the metal, in line with the other commodities, has been adjusting to the dwindling odds of multiple rate cuts this year on stubborn inflation data. The ten-year US bond yields rose beyond the crucial level of 4.50% to hit

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 fell early on Friday as investors responded to comments from U.S. Fed officials who said it was too soon to start considering rate cuts, and following a surprise build in U.S. gasoline stocks that weighed on the market. Brent futures lost 12 cents, or 0.15%, to trade at $81.74 a barrel by 0008

Inflation data were the key drivers in the forex markets last week, though they failed to produce any sustained movements across major currencies. Australian Dollar rallied following robust CPI figures, yet its gains were limited by the prevailing risk-off sentiment in the region. Similarly, Euro received a modest boost after unexpected acceleration in inflation, but

The big event of the week was the US core PCE data. The core PCE is the Fed’s favored measure of inflation. Expectations were for 0.3% increase. The actual increase rounded to 0.2% for the core measure. In reality, the unrounded number was 0.249% just under the number needed to round to 0.2%. As a

Gold prices edged up on Friday and were on track for a fourth straight monthly gain, while investors awaited a key U.S. inflation reading that could provide further insights into the Federal Reserve‘s policy path. FUNDAMENTALS * Spot gold was up 0.2% at $2,346.18 per ounce, as of 0141 GMT. Bullion prices are up 0.5%

Euro surges broadly today after Eurozone inflation data showed larger than expected re-acceleration in May. While this increase doesn’t shift the consensus that ECB will proceed with a rate cut next week, it significantly dampens any remaining expectations for a subsequent cut in July. Market speculation now leans towards the possibility of only two ECB