News

NEW DELHI: Gold prices were trading marginally higher on Monday as Russia’s attacks in eastern Ukraine lent some support to the safe-haven metal. However, firm dollar and Treasury yields capped the upside. Gold futures on MCX inched up 0.08 per cent or Rs 44 down to Rs 52,115 per 10 grams. Silver futures were trading

Dollar remains generally firm entering into US session, even though upside momentum is diminishing slightly against European majors.Meanwhile weakness in commodity currencies persists, with Aussie being the worst one. Yen is mixed for now but should remain vulnerable on exceptional strength in global benchmark treasury yields. Technically, focuses firstly stays on commodity-dollar pairs. In particular,

NEW DELHI: Domestic gold prices were trading flat on Thursday as a strong US dollar following hawkish US Fed minutes dented demand for the yellow metal. Gold futures on MCX were down 0.03 per cent or Rs 15 down at Rs 51,611 per 10 grams. Silver futures were trading higher by 0.04 per cent or

There were a couple of developments of last week to note. Firstly, US yield curve inverted for the first time since 2019. There is no reason to panic for the moment, but deeper inversion could set the tone in the risk markets ahead. Secondly, Euro ended as the strongest one, attempting to extend its near

Bank of America Global Research discusses USD/CAD technical outlook and adopts a sell-on-rallies bias through Q2. “We previously discussed a bias to fade USDCAD rallies in the 1.29s as wave 5 of the pattern was estimated to complete there. On March 8 spot traded to 1.2901 and turned lower. We weren’t quick enough to get

TOKYO – The International Energy Agency will hold an emergency meeting on Friday among consuming nations to discuss a new release of strategic reserves alongside a plan by the United States to pump massive supplies starting in May to cool soaring oil prices. Major consumers are seeking ways to ease the impact of global oil

Dollar is trading as the worst performing for the day, and receive no support from solid ADP private job data. The greenback is somewhat weighed down by extended retreat in benchmark US yields. On the other hand, Euro is supported by rising Germany benchmark yields, after consumer inflation hit the highest level in more than

NEW DELHI: Gold prices traded firm on Wednesday as a fall in US bond yields and weaker dollar boosted buying from support levels. Although progress in peace talks between Russia and Ukraine kept upside capped. Gold futures on MCX were trading up 0.45 per cent or Rs 229 at Rs 51,518 per 10 grams. Silver

Yen was once again the runaway loser last week as global benchmark treasury yields, except JGB, surged. BoJ has clearly put a cap in 10-year JGB yield and the result is widening spread and persistent Yen selloff. Euro showing some renewed weakness but it’s so far still range bound against Dollar. Nevertheless, extended decline in

Not all calendars are listing this expected data release. Due at 0130 GMT on Sunday 27 March 2022 Which is 21.30 US ET (9.30pm) on Saturday 26 March 2022 China Industrial Profits for February 2022 prior +4.20% y/y prior +34.3% YTD Of more interest next week will be PMIs from China for March. These will

The fuel pinch continues. Petrol and diesel prices were hiked by 80 paise a litre each today, the fourth such hike in five days as oil firms continued to buckle to global crude pain. Petrol in Delhi will now cost Rs 98.61 per litre as against Rs 97.81 previously while diesel rates have gone up

The selloff in Yen remains the major theme in the market today, but both Dollar and Euro are also now under some pressure. For now, New Zealand Dollar is winning the race, followed by Aussie and Sterling. Swiss Franc and Canadian Dollar are mixed. In other markets, major European indexes are trading slightly in black,

The dollar can thank Fed chair Powell for the latest push higher today, after he helped to open the door for 50 bps rate hikes in the coming FOMC meetings. That helped to spur a further extension in the Treasury yields breakout, which is in turn also leaving plenty of upside potential for USD/JPY at

NEW DELHI: Gold prices in India bucked the global trend and rose on Tuesday. Prices of the yellow metal eased in international markets as the US Treasury yields hit fresh multi-year highs following Federal Reserve chair Jerome Powell’s aggressive inflation stance. Gold futures on MCX were trading up 0.31 per cent or Rs 159 at

The tide seems to be turning just ahead of the weekend. Swiss Franc is rebounding notably while Dollar is also firmer up. On the other, Euro reverses earlier gain and trades broadly lower. Nevertheless, Yen’s weakness persists and it’s extending recent decline against the greenback. Commodity currencies are steady, however, while Canadian Dollar has no

The lead in to the Asia session: Ahead of the Bank of Japan policy statement we saw some moves for major FX but most of them were round trips. EUR/USD, for example, moved back towards it overnight high, but fell a little short of 1.1120 before retracing back to circa 1.1090 and then below. It

MELBOURNE: Oil prices extended their rally on Friday at the end of a third volatile week of trade as there was slim progress in peace talks between Russia and Ukraine, raising the spectre of tighter sanctions and a prolonged disruption to oil supply. A speech by Russian President Vladimir Putin on Thursday warning “traitors and

European stocks are recovering mildly as Ukraine is going to have another round of talks. But overall sentiment is vulnerable is Russia continues massive shelling and there is no sign of a real stop in its invasion. In the currency markets, Yen’s broad based decline continues today, but Aussie is the weakest, partly weighed down