News

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

In the race of returns, gold appears to have left the S&P BSE Sensex behind by miles in 2024. The yellow metal has approximately given 13% returns on a year-to-date (YTD) basis as against a 4% gain delivered by India’s heartbeat index. In the 30-stock index, 10 have given returns superior to gold in 2024.

The forex markets turned quieter in Asian session today with minimal movements. Dollar is consolidating this week’s strong gain but there is no sign of extended pullback for now. There is still prospect for more upside before weekly close, and U of Michigan consumer sentiment and inflation expectation would be a trigger for another round

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 slid on Wednesday across the board hotter than expected US CPI inflation report that showed that both headline and core CPI climbed more than forecast. Spot gold closed with a loss of 0.80% at $2334. The Core CPI rose 0.40% for the third straight month Vs the forecast of 0.30%. The headline CPI

Euro weakens broadly following ECB’s decision to maintain interest rates unchanged, coupled with explicit suggestions of a potential rate cut ahead. However, selloff has been relatively mild, primarily because ECB’s statement didn’t serve as a definitive pre-announcement of rate cuts, unlike its 2022 guidance on rate hike. Moreover, the conditional guidance regarding future rate adjustments

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 little changed on Thursday, as the U.S. dollar and Treasury yields firmed after hotter-than-expected inflation data tempered hopes for an early interest rate cut. FUNDAMENTALS * Spot gold was unchanged at $2,337.99 per ounce, as of 0107 GMT. It hit a record high for an eighth straight session until Tuesday.* U.S. gold

Dollar remains firm in Asian session after the strong post-CPI rally. US stocks were deeply sold off as a June Fed rate cut is further priced out by the markets. Market attention is now keenly focused on the upcoming PPI for March, as well as University of Michigan’s consumer survey results. Should today’s PPI data

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 from record-high levels on Wednesday as the U.S. dollar and Treasury yields firmed after a stronger-than-expected inflation print softened expectations of an early U.S. rate cut. Spot gold fell 0.6% to $2,338.19 per ounce, as of 8:58 a.m. ET (1258 GMT). U.S. gold futures lost 0.1% to $2,360.7. The U.S. dollar index

Dollar is having a strong, broad-based rebound in early US session, driven by upside surprises in CPI data. The concern for Fed stems not just from the headline inflation spurred by rising energy costs. But more significantly, core inflation failed to slow again, arguing that disinflation progress has stalled further. The market’s attention is now

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 bulls unleashed on Wednesday, hitting yet another lifetime high of Rs 71,505 per 10 gram in the opening trade. Silver too joined the party with strong gains after ending the previous session with a fresh all-time high of Rs 83,038. Around 9:20 am today, the MCX June gold futures were trading at Rs 71,474,

New Zealand Dollar rises broadly in Asian session following RBNZ’s decision to keep interest rates steady. The central bank’s “limited tolerance” for delaying the achievement of its inflation target conveyed a hawkish tone. Rate cuts are off the table until the central bank is confidence that inflation would sustainably return to the target band. This

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

Morgan Stanley has raised its Brent crude oil price forecast for the third quarter of this year by $4 per barrel to $94, citing geopolitical risks. “That the degree of geopolitical risk in key oil producing regions has increased recently seems clear and uncontroversial,” the bank said in a note dated Monday. Brent futures rose

Dollar falls broadly today and stays weak as markets enter into US session. The underlying cause of this sell-off remains somewhat ambiguous, as there were no significant economic data releases to directly attribute the currency’s selloff. The slight retreat in treasury yields, specifically the 10-year yield just gyrating between 4.35-4.40, appears insufficient to solely account