Fundamental Overview Yesterday, the US PPI report came in higher than expected but the focus was on the details that feed into the Core PCE index, which is what the Fed focuses on. Those details were all very soft and helped to bring the early estimates down to more benign levels. In fact, the Core
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Gold price edges higher in Friday’s Asian session. Trade war fears and lower US bond yields support the precious metal. Investors brace for the US January Retail Sales data, which is due later on Friday. Gold price (XAU/USD) extends its upside during the Asian trading hours on Friday. The growing concerns about US President Donald
Amid high volatility, Gold April futures contracts at MCX opened higher on Thursday at Rs 85,830 per 10 gram, hovering near its higher levels. The yellow metal was up by 0.41% or Rs 349 in early trade. Silver March futures contracts, meanwhile, opened flat at Rs 95,580/kg, marginally up by 0.08% or Rs 78. On
The currency markets are treading cautiously, with traders showing little reaction to stronger-than-expected US PPI data and a better-than-anticipated jobless claims report. Despite these inflationary signals, Dollar has struggled to gain further traction, as market participants hold their positions ahead of a highly anticipated announcement on US “reciprocal tariffs” from President Donald Trump. The announcement,
Fundamental Overview Gold jumped to yet another all-time high today following renewed tariffs fears. In fact, over the weekend, Trump talked about imposing a 25% tariff on steel and aluminium on all countries on Monday and that he will announce reciprocal tariffs on Tuesday or Wednesday. This is giving gold a boost not only from
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The Australian Dollar loses ground as Trump announces plans to impose a 25% tariff on all steel and aluminum imports. The AUD faced challenges as China’s retaliatory tariffs on certain US exports have come into effect. The US Dollar received support as January’s job report reinforced the cautious mood surrounding the Fed’s policy outlook. The
Oil prices ticked higher on Monday even as investors weighed U.S. President Donald Trump’s latest tariff threat, this time on all steel and aluminium imports, which could dampen global economic growth and energy demand. Brent crude futures climbed 40 cents, or 0.5%, to $75.06 a barrel by 0133 GMT while U.S. West Texas Intermediate crude
Dollar faced significant volatility last week as shifting trade policy signals from the White House left investors scrambling for clarity. Initially, tariffs on Canadian and Mexican imports were imposed, only to be quickly suspended for 30 days following new agreements on border security and fentanyl control. Now, the focus turns to “reciprocal tariffs,” a move
Jobseekers talk to recruiters during the New York Public Library’s annual Bronx Job Fair & Expo at the Bronx Library Center in the Bronx borough of New York, US, on Friday, Sept. 6, 2024. Yuki Iwamura | Bloomberg | Getty Images Unemployment among Black men surged in January as the number of those looking for
In this article AMZN GOOGL MSFT META Follow your favorite stocksCREATE FREE ACCOUNT A picture shows logos of the Big Tech companies named GAFAM, for Google, Apple, Facebook, Amazon and Microsoft, on June 2, 2023. Sebastien Bozon | AFP | Getty Images Megacap technology companies funneled billions of dollars into artificial intelligence last year to
Fundamental Overview Gold continued to print new all-time highs day after day this week as the fall in real yields and later the US dollar gave the precious metal a tailwind to push into new highs. The most recent rise though has been quite parabolic and that’s often followed by a deeper pullback. We have
The Japanese Yen strengthens against the USD for the third straight day on Thursday. The divergent BoJ-Fed policy expectations continue to underpin the lower-yielding JPY. A positive risk tone does little to dent bullish sentiment surrounding the safe-haven JPY. The Japanese Yen (JPY) remains on the front foot against its American counterpart during the Asian
Amid global uncertainty, supporting safe-haven buying, Gold April futures contracts at MCX on Wednesday made a new all-time high of Rs 84,200/10 grams. Around 11 am, the prices were trading at Rs 84,166 per 10 grams, which is up by 0.44% or Rs 369. Meanwhile, silver March futures contracts were trading flat at Rs 95,674/kg,
Dollar remains on the backfoot in early US session, despite the strong ADP private employment report. The data highlights continued resilience in the labor market, with services-driven job growth and sustained wage pressures. While this should theoretically reinforce the case for Fed to maintain its pause in easing for longer, traders appear reluctant to react
The USDCHF experienced a sharp decline on Monday, driven by a stock market tumble led by Nvidia and broad USD selling. The pair on Monday, found support at 0.8965, the 50% retracement level of the December 2024 rally, and rebounded sharply off of that key support hold. Midweek trading was volatile, with the price fluctuating
AUD/USD hovers above 0.6200, defending mild bids amid US tariff concerns and weak Chinese data. US PCE data showed no surprises, Fed remains cautious. RBA dovish bets continue to pressure the pair. The Australian Dollar clings to mild gains on Friday, trading around 0.6215 after briefly touching a two-week low. The pair remains under pressure
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
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