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After some back and forth action, the pair was more or less flat as we got into European trading today. Sellers wrestled back some momentum amid a drop in bond yields yesterday but today, we’re seeing buyers return the favour in erasing most of the decline from the day before: USD/JPY hourly chart The minor

Ahead of the US personal consumption expenditure data, gold August futures on MCX opened flat at Rs 72,100, down by 0.16% or Rs 116 while silver July contracts opened lower by Rs 1,077 or 1.14% at Rs 93,046. Gold and silver showed mixed trends in the international markets after the U.S. GDP data came as

Dollar continues its struggle to find direction, and stay in familiar range against most major currencies except against Swiss Franc. Markets shift their focus to the upcoming release of April US PCE data for guidance. Currently Fed fund futures are indicating a 50/50 chance of a rate cut by September. Recent comments from Fed officials

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 held largely steady on Thursday following the release of U.S. economic data and ahead of crude stockpiles data. Brent futures were down 37 cents, or 0.44%, to $83.23 a barrel as of 1410 GMT, while U.S. West Texas Intermediate (WTI) crude fell 22 cents, or 0.28%, to $79.01. Both benchmarks are headed for

As US session commences, Swiss Franc and Japanese Yen are trading as the day’s strongest currencies, fueled by risk aversion in US markets. While major European indices exhibit only modest fluctuations, US futures indicate notably lower opens, reinforcing the cautious sentiment among investors. Swiss Franc’s additional strength can be traced to comments made by outgoing

USD/CHF has seen gains in each of the opening four months this year. But in May trading, the pair looks set for its first monthly decline now. A chunk of that will owe to today’s drop, after having seen a bounce off key support at 0.9000 earlier this month. USD/CHF daily chart The combination of

Gold June contracts at MCX opened flat at Rs 72,105 per 10 grams on Thursday, however, silver July contracts were down by Rs 1,438 or 1.5% at Rs 94,724/kg amid the volatility and weakness in the global markets. The dollar index and the U.S. bond yields surged after hawkish statements of the U.S. Fed member

The US financial markets were enveloped in a wave of risk aversion that continued into Asian session, primarily driven by the notable surge in Treasury yields. This uptick in yields followed an auction of seven-year debt that closed with higher than anticipated yields, raising alarms about weakening demand for US Treasuries. This concern was compounded

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

Silver prices hit a lifetime high levels of Rs 97,100 in the local market on Wednesday, while gold prices rose Rs 250 in line with strong trends in the overseas markets, according to HDFC Securities. Continuing its winning run for the third straight session, silver soared Rs 1,150 to Rs 97,100 per kg. It had

Risk aversion is the prevailing theme in the global markets today, with major European indexes trading in the red and US futures pointing to a lower open. Australian Dollar reversed its earlier post-CPI gains and is currently the worst performer of the day, followed by New Zealand Dollar and Canadian Dollar. In contrast, Swiss Franc

Here’s a snapshot of things so far today: Eurostoxx -0.7% Germany DAX -0.7% France CAC 40 -0.8% UK FTSE -0.3% S&P 500 futures -0.6% Nasdaq futures -0.6% Dow futures -0.5% The selloff in bonds yesterday is definitely throwing some caution up in the air. But despite the retreat in the last two days, things aren’t

Amid weakness in the dollar index and heightened geopolitical tensions, gold prices steadied as MCX gold June futures opened on Wednesday at Rs 72,203 per 10 grams, up 0.03% or Rs 23 while MCX silver July contracts opened 0.23% higher at Rs 95,670/kg. In the last three days, silver prices have risen by Rs 5,100

Australian Dollar is having a modest bounce today after stronger-than-anticipated inflation figures. The data also revealed re-acceleration of inflation for the second consecutive month, with core inflation measures also rising. While most economists still view a further rate hike by RBA as unlikely, today’s surprising data suggests that such a move can no longer be

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

Silver futures on Tuesday hit a fresh lifetime high of Rs 96,220 per kg on the MCX in the evening trade, gaining by Rs 1,612 per kg intraday over Monday’s closing price of Rs 94,608, tracking strong buying action in the international market. While the white metal saw some gains after scaling a new peak,

Swiss Franc is having a significant surge today, likely due to flight to safe-haven assets amid rising tensions in the Middle East. Reports have emerged that Israeli military tanks were seen in central Rafah for the first time since the Israel Defense Forces entered the city earlier this month. This movement follows a recent missile