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NEW DELHI: Gold prices edged marginally lower on Friday, in tandem with global mood, but high inflation kept the downside capped. Analysts believe the global inflation worries will continue to support gold prices in the near term. Gold futures on MCX were trading lower by 0.23 per cent or Rs 111 at Rs 49,105 per

Falling global yields and mild risk off sentiment continue to boost Japanese Yen. On the other hand, Australian Dollar is leading other commodity currencies lower. But the forex markets are mixed elsewhere for now. Dollar and European majors are stuck in near term ranges against each other. Eyes will turn to US consumer inflation data

The Australian Labour Market report for October is due on 11 November 2021 at 0030 GMT.  Employment Change: K expected 50K, prior -138K Unemployment Rate: % expected 4.8%, prior 4.6% Full-Time Employment Change: K prior was 26.7K Part-Time Employment Change: K prior was -164.7K Participation Rate: % expected 64.9%, prior was 64.5% As reopening accelerated

MELBOURNE: prices rose on Wednesday, extending strong gains in the previous session, after industry data showed U.S. crude stocks unexpectedly fell last week just as near term travel demand picked up with pandemic curbs easing. U.S. West Texas Intermediate (WTI) crude futures rose 23 cents, or 0.3%, to $84.38 a barrel at 0132 GMT, adding

Dollar rises in early US session after better than expected employment data. It’s now attempting a breakout against Euro. Canadian Dollar is also firmer after job data. On the other hand, Sterling remains one of the weakest for the week, as post BoE selloff continues. But Euro and Swiss Franc are catching up. Technically, EUR/USD’s

Forex news for New York trade on November 5, 2021: Markets: Gold up $24 to $1816 US 10-year yields down 7.8 bps to 1.446% WTI crude oil up $2.72 to $81.53 S&P 500 up 17 points to 4698 — 7th consecutive closing record high JPY leads, GBP lags The non-farm payrolls report was solid across

TOKYO: Oil prices rose around 1% on Friday, staging a partial recovery after OPEC+ producers rebuffed a U.S. call to raise supply and instead maintained plans for a gradual return of output halted by the pandemic. Brent crude rose 72 cents or 0.9% to $81.26 a barrel by around 0452 GMT, after falling nearly 2%

Australia Dollar tumbles broadly today as markets are dissatisfied with RBA’s dovish stance, even though yield curve control is abandoned. Commodity currencies are also trading generally lower. On the other hand, Yen is staging a strong rebound after Japanese Finance Minister Shunichi Suzuki said he’s keeping an eye on the weakening exchange rate. The move is

Data published Monday by Australia’s Roy Morgan from their survey for October 2021. expected inflation 4.8% annually over the next two years This is up 0.3% points, and the highest Inflation Expectations for seven years) since November 2014) 1.3% points higher than a year ago in October 2020  up 5 months in a row  Roy

New Delhi: Gold prices declined marginally by Rs 10 to Rs 46,673 per 10 gram in the national capital on Monday amid muted global trends, according to HDFC Securities. The precious metal had settled at Rs 46,683 per 10 gram in the previous trade. Silver also declined by Rs 230 to Rs 63,014 per kg

The market has fully priced in a +15 bps increase BOE’s bank rate (currently at 0.1%). The mixed economic developments since the September indicate that the Committee will be very divided over whether to hike or to stand on the sideline this month. Th staff will also release the latest economic projections which likely show

Swiss Franc is strengthening notably today, but selling focus has somewhat shifted from Euro to Sterling. Still, the franc is outshone by New Zealand Dollar, which is overwhelming the strongest. On the other hand, Yen is the weaker one following extended risk-on sentiments from Japan to Europe. Sterling is following closely as second weakest. Dollar

The November FOMC meeting would see the Fed making a formal announcement on QE tapering. We expect the plan would begin immediately and is expected to end by mid-2022. The Fed funds rate will stay unchanged at 0-0.25%. The market has priced in over 60% of a rate hike in June 2022. This appears unlikely

Japan’s Nikkei index surges sharply by over 2% in Asian session, in very positive response to the easy win of the Liberal Democratic Party in Sunday’s election.  Prime Minister Fumio Kishida’s LDP retained comfortable majority in the House of Representatives, ensuring continuity of the economic policies. While other Asian markets are mixed, Yen is trading

An energy analyst at KPMG says OPEC+ is most likely to stick with the earlier agreed top plan of a 400,000 barrel per day increase. But the group may ponder increasing the amount “marginally, or more substantially,” by 600,000 barrels to 1 million barrels per day Countering the argument OPEC+ may consider boosting output above 400k

November forex seasonals November is an interesting month for seasonals because there are a few strong trends and some that often interrupted. Cable is an interesting example. One the face of it, the 0.42% average decline over the past 20 years is unremarkable but when you strip out the past two US Presidential elections (2020

New Delhi: Domestic gold prices are expected to surge towards the highs of Rs 52,000-53,000 over the next 12 months. In 2021, prices of the precious metal have been trading between Rs 47,000 and 49,000 mark per 10 grams. However, gold prices had seen a surge during 2019 52 per cent and 25 per cent

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