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There seems more to the easing of oil prices than just recession fears. Oil dropped below $100 per barrel earlier this week and remained under pressure. The market mood cooled and has moved into neutral territory as indicated by the futures positions, respectively the net-length exposure by non-commercial participants. We believe that the change in

Dollar’s rally continues today and breached parity against Euro for the first time in two decades. Nevertheless, the greenback seems to be losing some momentum since then, in particular against Yen. There is prospect of a deeper retreat for Dollar as 10-year yield is also weakening slightly. Yen is currently the stronger one for today,

Headlines: Markets: JPY leads, GBP lags on the day European equities lower; S&P 500 futures down 0.4% US 10-year yields down 6.7 bps to 2.924% Gold up 0.1% to $1,735.32 WTI crude down 4.7% to $99.20 Bitcoin down 3.1% to $19,774 The key story on the session was EUR/USD hitting parity for the first time

NEW DELHI: Gold prices were marginally down on Tuesday, hitting multi-month lows as the firm US dollar dented the appeal of the safe-haven metal. Strength in the US dollar makes greenback-priced gold more expensive for buyers holding other currencies. Traders awaited the US consumer price index data, a key measure of inflation, set to be

Dollar rises in early US session after stronger than expected non-farm payroll data. It’s also supported by extended rebound in 10-year yield, which reclaims 3%. Euro also follows German yield higher. On the other hand, Canadian Dollar turns softer after poor employment data. Yen is mixed after the tragic death of former Prime Minister Shinzo

The assassination of Shinzo Abe hit me hard as the news crossed late last night. Much will be written about his domestic successes and his record nine-year run as Prime Minister of Japan. He was incredibly ambitions, hard working and affable. He tamed a political landscape that was marked with turmoil. For me, his political

Copper retreated in London on Friday and was on track for its fifth straight weekly loss, as worries about COVID-19 curbs in China outweighed hopes for stimulus for the top metals consumer. Three-month copper on the London Metal Exchange fell 0.5% to $7,780 a tonne by 0428 GMT. On the Shanghai Futures Exchange, the most-traded

Australian Dollar recovers broadly today, following recovery in European markets. Meanwhile, traders are also preparing for tomorrow’s RBA rate hike. New Zealand Dollar is also mildly firmer. On other hand, Yen is turning softer with Swiss Franc and Dollar. Euro and Sterling are mixed for now. Overall, trading is subdued with US on holiday. Technically,

Watch the video for the key trading levels for the week ahead for AUDJPY, AUDUSD, EURJPY, EURUSD, GBPJPY, and GBPUSD. Last week AUDJPY, AUDUSD, EURJPY, EURUSD, GBPJPY, and GBPUSD all finished down for the week. The first trading day of July was very negative across all these pairs with AUDUSD closing below the 0.6826 monthly

Gold prices edged lower on Monday, as an elevated U.S. dollar hurt demand for greenback-priced bullion and also outweighed support from weakening Treasury yields. FUNDAMENTALS * Spot gold was down 0.2% at $1,807.19 per ounce, as of 0101 GMT, after hitting a five-month low of $1,783.50 on Friday. U.S. gold futures fell 0.5% to $1,809.50.

Euro is under broad-based pressure today as selloff against Swiss Franc spreads to other pairs. Yen is currently the best performer following another round of pull back in Germany, and to a lesser extent US, benchmark yields. Aussie and Kiwi are also recovering while Dollar is firm. But for the week, Swiss Franc is still

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NEW DELHI: Gold prices were trading flat on Thursday in the Indian market, bucking the global trend. The yellow metal is headed for its worst quarterly performance since early 2021. US Treasury yields dipped but a firm dollar took the sheen off the safe-haven asset. Gold futures on were trading almost flat, shedding 0.01 per

The forex markets were rather mixed last week. Yen ended as the worst performer, but Swiss Franc was the best. Canadian Dollar rose against all but Franc, while Aussie and Kiwi were weak. Euro was mixed together with Sterling wile Dollar was ended lower against all but Yen and Kiwi. Overall, there were hints of

Beijing will reopen primary and secondary schools for in-person classes. Senior and middle high schools were allowed to return to classrooms from June 2, now all are reopening. Beijing shut its schools in early May and moved to online learning. It’s a mixed bag still in Shanghai. The city’s Communist Party chief spoke on Saturday,

New Delhi: Gold prices declined by Rs 70 to Rs 50,557 per 10 grams in the national capital on Friday, according to HDFC securities. In the previous trade, the precious metal settled at Rs 50,627 per 10 grams. Silver prices also declined by Rs 621 to Rs 59,077 per kg from Rs 59,698 per kg

Risk aversion seems to back in indecisive markets today, with major European indexes and US futures trading down. Yen and Swiss Franc are trading mildly higher, followed by Dollar. Sterling and Canadian receive little support from strong consumer inflation reading. But Aussie and Kiwi are the worse performers while Euro is mixed. Focus will turn

The pair is making fresh lows on the day in a drop to 135.83 in European morning trade. This comes as we see Treasury yields stay on the retreat with 2-year yields down 9 bps to 3.106% and 10-year yields down 9 bps as well to 3.210%. The fall in USD/JPY doesn’t quite distract from