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Gold was set on Friday for its best week in more than five months as a retreat in the U.S. dollar and Treasury yields lifted the metal’s appeal despite a looming Federal Reserve taper. FUNDAMENTALS * Spot gold held steady at $1,794.09 per ounce by 0115 GMT but was up 2.1% for the week so

Commodity currencies rise broadly today on the back on risk-on sentiments. Major European indexes are trading up while US futures also point to higher open. Yen is extending recent broad based decline since though treasury yields are in retreat. Dollar and Euro are following as next weakest. Sterling and Swiss Franc are mixed, helped by

What’s the thinking on the dip? The CRB commodity index just hit an all-time high, PPI today was at the highest in at least 10 years and yet yields are falling. Why? For starters, the PPI data wasn’t as high as feared, especially excluding food and energy. So companies might not be quite as eager

New Delhi: Gold prices rallied by Rs 455 to Rs 46,987 per 10 gram in the national capital on Thursday following firm trends in global markets, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,532 per 10 gram. Silver also jumped Rs 894 to Rs 61,926 per kg

Yen’s decline resumes in Asian session today, with selling focusing against commodity currencies. Aussie shrugs off slightly weaker than expected job data, and strengthen together with Kiwi and Loonie. On the other hand, Dollar turns slightly softer even though FOMC minutes affirmed tapering to start in November. Euro is not far away too while Sterling

Yamamoto is a senior member of new Prime Minister Kishida’s government party.  Govt must compile stimulus package worth at least 32 to 33 tln yen and funded mostly by long-term JGBs capital gains tax must eventually be raised, debate on details to take at least until fiscal 2023 BOJ should aggressively buy JGBs to help

TOKYO: prices rose on Thursday, reversing previous losses, on expectations that high natural gas prices as winter approaches may drive a switch to oil to meet heating demand needs. Brent crude futures gained 28 cents, or 0.3%, to $83.46 a barrel at 0107 GMT after falling 0.3% on Wednesday. U.S. West Texas Intermediate (WTI) crude

Dollar firms up mildly in early US session as headline CPI was back at multi-decade high, which core CPI remains stubbornly strong. The gain in the greenback is so far limited. Overall markets continue to trade in consolidative mode, with mild weakness seen in commodity currencies while Swiss Franc and Euro are rebounding. Next focus

Gold comes to life Gold is having its best day in months as it jumps 2%, or $31, to $1791. The latest leg of the rally stalled out at $1795, which is precisely the 200-day moving average. As you can see, the 200-dma hasn’t been particularly important in the past few months but it has

India’s coal shortage crisis reflects the precipitous decline in coal inventory at power generation plants, with inventory declining to 3-4 days, compared with the 21-day norm. Concerns have permeated across the country, worrying industrial as well as agri-dominated states, which are flagging risks of severe power cuts. This comes after reports that over half of

OPEC+ produced less than promised despite global energy shortage. The alliance comprised of 10 OPEC members, 9 non-OPEC producers and 3 OPEC members exempted from quotas produced a total of 40.73M bpd in September, compared with 40.26M bpd a month ago. Output from OPEC-10 and non-OPEC aggregated to 36.57M bpd, missing the quota of 36.74M

Forex news for Asia trading on Wednesday 13 October 2021 EUR/USD and GBP/USD both moved higher by a decent amount (for the Asian timezone) during the session while USD/JPY dribbled 25 or so points to the downside. CAD, AUD and NZD all underperformed compared with EUR, GBP and yen. Commodity markets in China saw drops

Oil prices have been firming up recently with Brent at $84 a barrel — near its three-year high — led by a rebound in global demand that has contributed to energy shortages across various big countries such as China. While rising oil is bad news for India — a net importer of crude — some

There is basically no change in the Yen selloff theme in the markets. But buying focus has shifted to commodity currencies, as led by Aussie and Kiwi, as well as Sterling. Euro is turning a touch weaker after poor German sentiment data, while the Pound is supported by job data. Dollar is sluggish as traders

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New Delhi: Gold in the national capital on Tuesday rose by Rs 129 to Rs 46,286 per 10 gram amid rally in international precious metal prices and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,157 per 10 gram. In contrast, silver dipped Rs 120 to

The forex markets turn into consolidative mode in Asian session. Yen recovers mildly, digesting the recent steep selloff. But there is no clear sign of bottoming in the Japanese currency yet. Commodity currencies are also retreating mildly, following some mild selloff in stocks. Euro and Dollar are mixed while Gold is struggling in tight range

Forex news for Asia trading on Tuesday 12 October 2021 It was a session of minor moves after the holiday Monday in North America (US stock exchanges were open) … which was not much of a holiday for markets with big FX moves and some equity falls. Forex movement here during Asia has been much