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USD/JPY as it happened: Other: USD/JPY was sitting around 157.50 after the market close in the US on Wednesday afternoon before intervention selling hit it, hard. From 157.50 it fell big figure after big figure in super-illiquid trade over the course of about 20 minutes before finally bouncing from 153.00. In the posts above you’ll

Gold prices edged higher on Thursday after the U.S. Federal Reserve kept its key interest rate steady, as expected, and indicated that it is still leaning toward eventual rate cuts. FUNDAMENTALS * Spot gold was up 0.3% at $2,323.66 per ounce, as of 0037 GMT, after climbing more than 1% in the previous session.* U.S.

Dollar rebounded broadly overnight and stayed generally firm in Asian session. Stock investors were apparently adopting a cautious stance and lightening up positions ahead of Fed’s rate decision and subsequent press conference today. With recent data pointing to persistent inflationary pressures, expectations are mounting that Fed would adopt a more hawkish tone. It’s a minimum

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 fell more than 1% on Wednesday, losing ground for a third straight session, sapped by the prospect of a ceasefire agreement in the Middle East and persistent U.S. inflation dampening the expected pace of interest rate cuts. Brent crude futures for July were down $1.19, or 1.4%, to $85.14 a barrel at 1255 GMT,

Dollar’s rally slowed slightly in early US session despite robust ADP job data, as traders adopt a cautious stance ahead of the highly anticipated FOMC statement and Chair Jerome Powell’s press conference. With a hawkish shift expected from Fed, the extent of Powell’s hawkish tone remains the primary focus. Market participants are speculating on whether

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

bars and coins, which are primarily bought as investment, rose 19% in the quarter ended March 31, at par with the first three months of 2022 when the growth was the strongest since 2014. Jewellery sales increased 4% to 95 tonnes, taking the overall gold demand 8% higher from a year earlier to 136.6 tonnes,

Australian Dollar weakened across the board in Asian session, dragged down by unexpectedly poor retail sales data for March. The contraction in sales is a reminder to RBA about the ongoing impact of cost of living pressures exacerbated by higher interest rates and inflation. This challenging economic backdrop is likely to make RBA more cautious

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 slipped more than 1% to a one-week low on Tuesday due to an uptick in the dollar and U.S. Treasury yields, although strong safe-haven demand and central bank buying kept bullion on track for its third consecutive monthly gain. Spot gold fell 1.7% to $2,394.08 per ounce, as of 11:01 a.m. ET (1501

Dollar’s rebound is picking up momentum in early US session, bolstered by latest Employment Cost Index which rose by 1.2% in Q3, marking the fastest pace since Q3 2022. This unexpected acceleration in employment costs adds to a series of economic data that suggests the US economy remains hotter than preferred. Especially, persistently elevated services

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 steady on Tuesday and set for a third straight monthly gain, as market participants awaited the U.S. Federal Reserve policy decision and non-farm payrolls data due later this week for interest rate cues. FUNDAMENTALS * Spot gold was unchanged at $2,334.92 per ounce as of 0124 GMT. U.S. gold futures were down

Japanese Yen mounted a strong comeback in Asian session today after initial dip through 160 psychological support against Dollar. While the moves are exaggerated by today’s thin trading volumes due to public holiday in Japan, the strong rebound is marked by widespread squaring of short positions. Traders are clearly on guard against intervention by Japanese

WTI crude oil daily It’s not clear how much political risk is currently priced into the oil market but we may soon find out. CNN reports that Hamas is considering a new framework proposed by Egypt that calls for the group to release as many as 33 hostages kidnapped from Israel in exchange for a

Amid a weakening rupee, gold prices on MCX for June futures contracts fell by Rs 275 or 0.38% to trade at Rs 71,225 per 10 grams on Monday while MCX May silver contracts were down by Rs 85 or 0.11% to Rs 80,595 per kg. A steady U.S. dollar also made bullion less affordable for

Yen is currently trading as the strongest currency for the day as the markets enter into US session. The earlier dip below 160 psychological support against Dollar spurred a wave of buying, propelling Yen sharply higher. However, subsequent trading has not shown clear follow-through momentum, indicating that the initial surge may have been more of