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Gold prices steadied on Monday as traders braced for fresh data on U.S. economic growth and the Federal Reserve‘s preferred inflation gauge due later this week, ahead of the central bank’s interest rate verdict next week. FUNDAMENTALS * Spot gold edged 0.1% higher to $2,030.87 per ounce by 0116 GMT. * U.S. gold futures rose

Yen trades mildly firmer in tight range today, as markets are now keenly awaiting BoJ rate decision in the upcoming Asian session. No change in monetary policy is expected as BoJ should stick to negative interest rate for now. There is also no need to tweak the parameters of Yield Curve Control, with the yield

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 rose on Thursday, helped by a softer U.S. dollar and the Middle East conflict lifting safe-haven appeal, while investors await further comments from a Federal Reserve official to gauge the central bank‘s interest rate trajectory. Spot gold rose 0.5% to $2,015.79 per ounce by 1255 GMT, but was lingering near its five-week low

Dollar bounces in early US session, buoyed by unexpectedly low initial jobless claims data, which also lifts US 10-year yield. One of the key themes emerging this week is recalibration of market expectations regarding rate cut by Fed in March, with the probability now down to around 56%. Today’s job data is likely another factor

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

MCX Gold and Silver contracts, mastering key technical indicators is crucial for making informed decisions in the dynamic precious metals market. This exploration centers on the effective use of Moving Averages, particularly the Exponential Moving Averages (EMAs) 8 and 21, for identifying trends, potential reversal points, and implementing risk management strategies. Moving Averages (MA) –

Dollar demonstrated a distinct lack of decisiveness in its trading last week, encapsulating a theme of uncertainty that has become characteristic since the start of the year. The greenback has indeed close the week within prior week’s range against most major counterparts, with Canadian Dollar being the only exception. This pattern of indecision is largely

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 edged up on Wednesday, supported by a slightly weaker U.S. dollar ahead of a critical inflation report that could offer some clues on whether the Federal Reserve will begin cutting interest rates this year. Spot gold gained 0.2% to $2,033.90 per ounce, as of 1148 GMT. U.S. gold futures rose 0.3% to $2,040.00

Japanese Yen continues its decline in today’s subdued trading environment. This selloff gained momentum following the release of disappointing wages growth data, which has tempered expectations for an imminent monetary policy adjustment by BoJ in January. Despite this, April is still considered a more probable time for interest rate hike, heavily dependent on the outcomes

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

Helped by weaker-than-expected US ISM services data that negated the impact of an encouraging non-farm payroll report, spot gold recovered in an extremely volatile session on Friday to close with a gain of 0.12% at $2,046. However, despite an impressive recovery from Friday’s low of $2,024, the metal closed with a loss of around 0.80%

Dollar rises broadly in early U.S. session, spurred by a robust set of job data that surpassed expectations in all key areas including headline employment growth, unemployment rate, and wage growth. This robust data also propelled 10-year treasury yield further above 4% mark, while concurrently driving stock futures lower. However, while Dollar’s gains against Yen

Reports via news wires on Tuesday of a massive jump in China crude import quotas for 2024. Highlihgts from the various reports: China has released 179.01 million metric tons of crude import quotas for 2024 this is 60% up from 2023. compared to a quota of 111.82 million tons issued in the first batch of

Global economic uncertainties and geopolitical tensions are likely to take gold prices to a new high of Rs 70,000 per 10 grams this year, making it a safe haven investment and a perfect hedge against inflation, industry body All India Gem and Jewellery Domestic Council (GJC) said on Tuesday. “The yellow metal’s appeal as a

As US session commences, Dollar’s rebound is gaining additional momentum. This upswing is occurring against a backdrop of intensifying selloff in the equities market, primarily influenced by Apple’s downturn following downgrade by Barclays over concerns of weakening sales. European majors are currently bearing the brunt of the market’s shift. The final PMI manufacturing release from

Happy New Year It was a lively year in the FX market with the yen going on a particularly wild ride but ultimately it was the Swiss franc that came out on top as USD/CHF fell nearly 9%. At the other end of the spectrum was the Japanese yen as it was the G10 laggard