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Australian Dollar rises broadly today with support from strong inflation data. But upside is capped by mildly negative investment sentiment in Asia. While DOW and S&P 500 made new records overnight, there is no follow through in risk-on sentiment. Overall currency markets are mixed, with Yen as second strongest so far. Dollar is the weakest

Australian Q3 inflation data is due Wednesday 27 October 2021 at 0030 GMT  For the headline: Core inflation: Trimmed mean expected 0.5% q/q, prior 0.5% expected 1.8% y/y, prior 1.8% For the weighted median, another measure of core inflation. expected 0.5% q/q, prior 0.5% expected 1.9% y/y, prior was 1.7% Short preview post here from yesterday.  Via NAB:  the risks

New Delhi: Gold in the national capital on Tuesday declined marginally by Rs 5 to Rs 47,153 per 10 gram following weak global trends, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,158 per 10 gram. Silver slumped Rs 287 to Rs 64,453 per kilogram from Rs 64,740

Risk-on sentiment is pressuring Yen and Dollar today, while Euro and Swiss Franc are not too far away. On the other hand Sterling is the strongest, while Aussie leads other commodity currencies. US futures are trading higher suggesting that DOW and S&P 500 are on track to extend record ones. The question is whether buying

The key market gauge of long-term euro area inflation expectations hits a fresh seven-year high, exceeding the ECB’s target The gauge jumps up to 2.028%, its highest since September 2014, and continues to reaffirm that the bond market is still perceiving price pressures to keep higher in the months ahead amid surging energy prices and

Dollar keeps more mixed amid light changes across the board EUR/USD is resting within a 18 pips range so far today and is now trading around 1.1610 as price action remains more sticky with little for traders to work with on the session. There are large expiries seen around 1.1600 this week for the pair

NEW DELHI: Gold prices edged lower on Tuesday, weighed down by an uptick in the US dollar as investors eye a slew of key central bank meetings this week. A stronger greenback makes gold more expensive for buyers holding other currencies. Gold futures on MCX were trading marginally lower, down 0.12 per cent or Rs

New Delhi: Precious metals have gained their mojo back ahead of the busy festive season. In the bullion market, silver outperformed gold recently. The spot prices of silver have soared as much as Rs 7,700 in October thus far and market experts said the momentum would continue in the near term. Silver hit a recent

DOW and S&P 500 eked out new record highs again overnight. But Asian markets are not following, with the exception of rally in Nikkei. Activities in the currency markets are generally quiet. Nevertheless, Aussie is strengthening with other commodity currencies. Yen and Swiss Franc are weak, followed by Euro. Dollar is mixed together with Sterling.

Euro drops broadly today after slightly weaker than expected German sentiment. Bundesbank also warned of significantly lower growth in Germany in Q4. Swiss France is following as second weakest. Yen is also soft following rally in major global treasury yields. On the other hand, Aussie is currently the strongest for today, followed by Dollar. Technically,

Dollar turn softer again in Asian session today and looks set to extend recent decline. But overall markets are quiet so far, with major pairs and crosses staying inside Friday’s range. Economic calendar is likely today and focuses will be on whether broad risk markets would take the lead. Oil price is doing its job

Daily thread to exchange ideas and to share your thoughts It’s a light and easy start to the new week so far with small changes observed among major currencies, as the yen and dollar are mildly on the softer side. After the strong gains over the past couple of weeks, there might be scope for a pause

NEW DELHI: Gold prices traded on a steady note in Monday’s session, in line with the global market trend, as US Federal Reserve chief Jerome Powell said inflation could ease next year and the central bank was on track to start tapering its stimulus. Gold futures on MCX were up 0.13 per cent or Rs

Stocks fall, bond yields turn Today would have been the first eight day rally in the S&P 500 since March/April 2019 so maybe these moves are more about positioning than Powell. The Fed chair largely stuck to his transitory view but between the lines he showed much more openness to the idea that inflation could

MELBOURNE: prices resumed their climb on Friday on continued tightness in U.S. supply, but were headed for a flat finish on the week as coal and gas prices eased, curbing fuel-switching which had stoked demand for oil products for power. U.S. West Texas Intermediate (WTI) crude futures rose 20 cents, or 0.2%, to $82.70 a

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