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That is the key risk event on the calendar in the week ahead, outside of the usual Russia-Ukraine shenanigans and also the BOE policy meeting on Thursday. We’ve gone from the Fed will hike 25 bps to the market pushing for the Fed to hike 50 bps to Fed officials paring back those expectations to

NEW DELHI: Gold prices dropped on Monday following a rise in US Treasury yields on the back of rate hike expectations by the US Fed later this week. Higher hopes of truce between Russia and Ukraine, pushed the appetite for riskier assets higher, which further dented bullion’s appeal. Gold futures on MCX were trading lower

Euro’s rebound stalls after ECB policy announcement, mainly because risk markets turned softer again. Another round of negotiations between Russia and Ukraine failed and Russia will clearly continue its attack. Dollar is trading slightly higher after CPI came in expected, extending its run on making multi-decade high. Though, as for the day, Aussie is leading

The euro put up a stellar showing yesterday, climbing strongly against the dollar in a push to around 1.0900 to a high of 1.1095. Since then, we’ve seen price settle down a bit and retreat back towards 1.0940 currently. The 200-hour moving average (blue line) @ 1.0934 is a key focus point at the moment

NEW DELHI: Gold prices pulled back after a nearly 3 per cent rise in the previous session, snapping a rally that took it near the August 2020 all-time highs. The yellow metal witnessed selling on easing worries over the Russia-Ukraine conflict with signs of a possible diplomatic solution. Gold futures on MCX were trading lower

Russia invasion of Ukraine continued last week and risk aversion intensified sharply after Russia’s attempt to attack Zaporizhzhia nuclear power station. European stocks took a steep dive with benchmark yields. Oil prices surged to levels not seen in more than a decade. Gold was originally steady but staged a late rally, probably as people remembered

The US jobs day typically is the focus event for the any jobs day. However today, US traders were once again met with news from Ukraine that was unsettling. Overnight Russian forces targeted an Ukrainian nuclear power plant with rockets (yes….), and although the resulting fire from the bombing did not result in a catastrophic

Commodities extended their massive rally as Russia’s invasion of Ukraine continues to roil global markets and fuel fears of supply crunches. Tensions rose on Friday after Russia escalated its assault by attacking a Ukrainian nuclear plant, the biggest in Europe, according to Ukrainian officials. Prices from crude to aluminum and wheat soared, as commodities stage

Market sentiment stabilized a bit on reports that Russia a suggests to hold another round of peace talks with Ukraine, while Vladimir Putin’s forces continue to shell multiple crowded Ukrainian cities. Stocks are recovery but remain vulnerable to more selloff. In the currency markets, Swiss Franc is paring some gains but remains the strongest one

The US and other major economies have agreed on a coordinated release of oil stockpiles after Russia’s invasion of Ukraine pushed crude above $100 a barrel. The International Energy Agency, which represents key industrialized consumers, will deploy 60 million barrels from stockpiles around the world. Half of that amount will come from the U.S. Strategic

The markets had a roller coaster ride on Russia’s invasion of Ukraine last week. At the time of writing, Kyiv remains in Ukrainian hands after three days of brutal attack by Russia. Wave of European leaders have start delivering supplies Ukraine while packages of sanctions were imposed, up to Russian President Vladmir Putin. It’s also

The US stock indices tacked on another positive performance with the Dow taking the center stage with it’s biggest day in 2022. The Dow rose 834 points on the day or 2.51%. The Nasdaq was the weakest performer but it still added 1.64% after yesterday’s 3.35% gain. The S&P rose 95.95 or 2.24%. European shares

Black Sea — a major artery for the movement of commodities at the crossroads of Europe and Asia — is suddenly drawing the world’s attention as the conflict in Ukraine unfolds. Half a dozen countries touch its shores, though it’s vital to many others beyond, for the trade of energy, steel and agricultural products. Crude

The markets are surprisingly calm despite some initial volatility on escalation in Russia Ukraine situation. News of sanctions on Russia are staying to flow out, with the UK sanctioning five Russians banks and three individuals. Germany also put the certification of the Nord Stream 2 gas pipeline on hold. But there are just very little

Russia-Ukraine tensions are still the main issue in the spotlight for markets and we’re seeing a more risk-off tilt as a result of the latest developments. Equities are hammered lower and we’re seeing a decent chunk of safety flows into bonds, with investors needing to catch up a little considering the long weekend in the

NEW DELHI: Gold prices rallied on Tuesday, hitting a nine-month high, as geopolitical worries intensified. Russian President Vladimir Putin recognised two breakaway regions in eastern Ukraine as independent and ordered the Russian Army to launch what Moscow called a peacekeeping operation into the area, accelerating a crisis the West fears could unleash a major war.

The financial markets are generally quiet today. Stocks are slightly down by losses are limited. Retail sales data from Canada and UK are largely ignored. Commodity currencies are the strongest ones for now. Yen, Dollar and Euro are the weaker ones. There news of shelling in Ukraine east by Russian-backed separatists and there is still

Prior -3.7%; revised to -4.0% Retail sales +9.1% vs +8.7% y/y expected Prior -0.9%; revised to -1.7% Retail sales (ex fuel) +1.7% vs +1.2% m/m expected Prior -3.6%; revised to -3.9% Retail sales (ex fuel) +7.2% vs +7.9% y/y expected Prior -3.0%; revised to -3.8% After the omicron impact in December, retail sales activity picked