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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 were flat in early Asian hours on Thursday after the Federal Reserve‘s decision to hold interest rates steady offered little clarity on the U.S. monetary policy path this year. FUNDAMENTALS * Spot gold were little changed at $2,671.79 per ounce, as of 0049 GMT. U.S. gold futures added 0.2% to $2,774.50. * 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 April futures contracts on MCX witnessed a surge this week amid safe-haven buying due to heightened US tariff concerns, striking a new all-time high of Rs 82,357/10 gram on Friday, opening higher by 0.37% or Rs 306. Meanwhile, silver March futures contracts were trading at Rs 93,686/kg, up by 0.26% or Rs 240, trading

UPCOMING EVENTS: Monday: BoJ Summary of Opinions, Australia Retail Sales, China Caixin Manufacturing PMI, Switzerland Manufacturing PMI, Eurozone Flash CPI, Canada Manufacturing PMI, US ISM Manufacturing PMI. Tuesday: US Job Openings, New Zealand Employment report. Wednesday: Japan Average Cash Earnings, China Caixin Services PMI, Eurozone PPI, US ADP, Canada Services PMI, US ISM Services PMI.

Gold April futures contracts at MCX opened flat with a negative bias on Saturday at Rs 82,200/10 gram, which is down by 0.04% or Rs 33 while silver March futures contracts were trading slightly higher at Rs 93,453/kg, up by 0.13% or Rs 125. Ahead of the Union Budget 2025, due to be presented later

Canadian Dollar spiked lower after US President Donald Trump confirmed his plan to impose 25% tariffs on imports from Canada and Mexico, set to take effect this Saturday on February 1. Trump justified the decision by citing concerns over migration, drug trafficking, and economic imbalances. However, uncertainty remains regarding whether oil imports will be affected.

It’s never a dull moment with Trump. Nothing can be done by China, Mexico and Canada right now to forestall tariffs We have big deficits and tariffs are something we’re doing We may increase tariffs Canada has treated the US very unfairly Not looking for concessions Will put tariffs on chips, oil and gas Oil

Oil prices rose in aftermarket trading on Friday as U.S. President Donald Trump said he expects his administration to decrease proposed tariffs on Canadian oil from 25% to 10%, and to impose duties on oil and gas around Feb. 18, later than initially feared. U.S. West Texas Intermediate crude rose 73 cents, or 1%, to

Forex markets remain largely subdued today, with Canadian Dollar being the exception as volatility rises ahead of the implementation of US tariffs tomorrow. Canada is reportedly well prepared to respond with retaliatory measures on US imports worth up to CAD 150B. This comes at a time when Canada’s economy is already under pressure, with November’s

About 10 months ago, the Canadian government announced it was raising capital gains taxes. However the government never passed the legislation and now the government is on the brink of falling. Normally, the tax agency implements changes based on announces and assumes the legislation will come. That has had them telling people they need to

OPEC+ is unlikely to alter existing plans to raise output gradually when it meets on Monday, delegates from the producer group told Reuters, despite U.S. President Donald Trump urging OPEC and its de facto leader Saudi Arabia to bring down prices. The meeting of top ministers from the Organization of the Petroleum Exporting Countries and

FOMC rate decision and press conference yesterday proved to be a non-event. Dollar remained firm following the decision to keep interest rates unchanged at 4.25–4.50%. Fed Chair Jerome Powell reinforced a patient approach to policy adjustments, stating, “we do not need to be in a hurry to adjust our policy stance.” He also emphasized the

Due on Friday at 0830 US Eastern time (0130 GMT), the Core PCE data is the focus. The Personal Consumption Expenditures (PCE) data is a key measure of inflation that tracks changes in the prices of goods and services purchased by consumers. It is reported monthly by the Bureau of Economic Analysis (BEA) and is

Gold prices hit a fresh high on Friday and were set for a fifth straight weekly gain, as market participants worried about U.S. tariff threats while awaiting a key inflation report to assess the Federal Reserve’s policy path. FUNDAMENTALS * Spot gold was up 0.1% at $2,795.92 per ounce, as of 0035 GMT, rising about

Euro is trading slightly higher following the ECB’s widely expected 25bps rate cut, though the move lacks strong momentum. In her post-meeting press conference, President Christine Lagarde reinforced the bank’s “gradual easing path”. She stated that a larger 50bps cut was not even considered today, making it clear that an aggressive rate-cutting cycle is off

Prior was +2.2% Index 74.2 vs 79.0 prior Year-over-year, pending transactions declined 5.0% West lagged at -10.3% m/m The index is at the lowest since August. Some housing numbers have been surprisingly strong lately but this is a sign that high mortgage rates are problematic. Activity fell more sharply in the high-priced regions of the

Gold April futures contracts at MCX surged above the Rs 81k mark, making a new all-time high of Rs 81,1128/10 grams in Thursday’s intraday trade, gaining 0.31% or Rs 254. On Wednesday, the contracts for April delivery climbed Rs 199, or 0.2%, to hit a fresh peak of Rs 81,098 per 10 grams for the