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
Bullion prices extended their losses on Tuesday on a stronger Dollar Index (DXY). Analysts expect gold to be range bound in today’s session with a bearish tilt. MCX August Gold futures were trading at Rs 59,176 per 10 grams in the opening trade and were unchanged as against their last close while July Silver futures
Australian Dollar is trading broadly lower today, reflecting uncertainties that emerged after release of minutes from RBA meeting earlier this month. The minutes revealed that a hold was considered at the meeting. Arguments were finely balanced even though it eventually decided to hike 25bps. These revelations have stirred market doubts about the continuity of monetary
A member of the public walks through heavy rain near the Bank of England in May 2023. Dan Kitwood | Getty Images News | Getty Images LONDON — The Bank of England is “caught between a rock and a hard place” as it prepares for a key monetary policy decision against a backdrop of sticky
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Share: NZD/USD looks to the Aussie for clues ahead of key events. The RBA minutes and Fed chair testimony will be in focus. The New Zealand Dollar fell to a low of 0./6101 on Monday and is currently down by 0.5% to 0.6200 after hitting a three-week top last week. Markets are looking to a slew
Markets: US bond and stock markets closed Gold down $7 to $1950 WTI crude oil down 49-cents to $71.29 S&P 500 eminis down 5 points, or 0.1% Toronto TSX Comp down 0.17% USD leads, NZD The US took a holiday and the dollar was still the top performer. The theme on the day was light
Oil prices eased on Monday as questions over China‘s economy outweighed OPEC+ output cuts and the seventh straight drop in the number of oil and gas rigs operating in the United States. Brent crude fell 17 cents, or 0.2%, to $76.44 a barrel by 1319 GMT while U.S. West Texas Intermediate (WTI) crude lost 27
The forex markets are holding steady in a consolidative pattern today. Notably, Euro has remained largely unaffected by continued hawkish messages emanating from top ECB officials, who have merely echoed President Christine Lagarde’s suggestion that an interest rate hike is likely in July, while situation in September remains uncertain. Euro is the third weakest in
Jim Casselberry, Known Source: Known Black people in America won their personal freedom 158 years ago. Economic freedom, though, has been far more elusive. Veteran portfolio manager Jim Casselberry is trying to do something about that, using his four decades of investing experience to help bridge the gap for people of color and the Indigenous
Share: Economists at ING discuss USD outlook. Fed Chair Powell to keep the market biased towards a 25 bps hike on 26 July While much of the focus will be on overseas rate meetings this week, the US calendar still sees important congressional testimony from Fed Chair Jerome Powell on Wednesday and Thursday. It looks
AUDUSD shows a crack The AUDUSD has been up 10 of the last 11 trading days. The move from the low reached 0.6457 on May 31, and reached a high of 0.6899 today. That is a move of 442 pips. Technically looking at the daily chart, the price today moved above the 61.8% retracement of
Billionaire investor Warren Buffett’s Berkshire Hathaway said it added to stakes in Japan’s five biggest trading houses to beyond 8% on Monday, a move likely to highlight and add to the momentum driving Japan’s stock market to new heights. FULL NOTE **COMPANIES IN WHICH BERKSHIRE IS INCREASING STAKE ARE ITOCHU, MARUBENI, MITSUBISHI, MITSUI AND SUMITOMO
Bullion prices traded in the red in Monday’s early trade, extending its weakness from the last week as the dollar held firm and investors assessed the path ahead for interest rates after the US Federal Reserve’s hawkish tone. Following the commentary of the US Fed last week, gold prices had fallen sharply, though the yellow
Dollar and Japanese Yen saw a modest bounce back in today’s Asian session, making up for some of their steep losses from last week. However, the buying momentum for both currencies remains relatively weak. Due to a light economic calendar today, coupled with public holiday in the US, trading could be relatively quiet. But, the