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New Delhi: (IEX) has recorded an all-time high monthly trade of 9,538 million units (MU) in August which is 74 per cent higher compared to the same month last year. “The electricity market at the Indian Energy Exchange achieved a new milestone with a record all time high monthly volume of 9,538 MU achieving 74

New Zealand dollar was the only major currency rose against the US dollar in August, despite speculations over Fed’s tapering and renewed lockdown. We believe policymakers’ proactive reassurance of an October rate hike would likely make the RBNZ the first major central bank to begin rate hike after the most recent round of global monetary

Dollar recovers broadly today, as the near term decline lost momentum. Selling focus is turned to Yen and Swiss Franc instead. Traders are now awaiting key economic indicators from the US, while would start with ADP employment and ISM manufacturing today, to be completed with non-farm payrolls and ISM non-manufacturing on Friday. These data have

NEW DELHI: Gold prices in India edged lower on Wednesday, following global trends after a 20.1 per cent jump in India’s GDP in June 2021 quarter. Investors await a key US jobs report for clues on when the Federal Reserve might start reducing its pandemic-era stimulus measures. Gold futures on MCX were marginally down 0.06

Latest data released by Markit – 1 September 2021 The preliminary report can be found here. Factory activity growth eases to a six-month low but it comes off the back of a very strong run in the past few months, spurred by the latest economic reopening going into the summer. Output and new orders are

ANZ looks at the US dollar ANZ Research discusses the USD outlook and outlines 2 triggers for a broad USD selloff over the coming weeks. “Before we use this green light to recommend a wholesale ‘sell USD’ recommendation we would like to see two conditions met. 1. The first is a sign that growth is

The latest data revealed that China’s economy continued to lose momentum. The PMI report from the National Bureau of Statistics (NBS) showed disappointment in both manufacturing and services activities. Stability of the renminbi (a.k.a. Yuan, CNY) is mainly due to government’s control and is not reflective of the headwind the economy is facing. We expect

New Delhi: Gold in the national capital on Tuesday dipped Rs 100 to Rs 46,272 per 10 gram amid rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,372 per 10 gram. Silver also dipped Rs 134 to Rs 62,639 per kilogram from Rs 62,773 per kilogram

Double-bottom or double-top in yields? Invest in yourself. See our forex education hub. The retreat post-Jackson Hole poses fresh questions to the market and it is likely one that we won’t see get answers to perhaps before the FOMC meeting on 22 September. 10-year Treasury yields have fallen back below 1.30% this week and the

NEW DELHI: Following global trends, gold prices in India moved higher on Tuesday. In the global markets, investors are looking ahead to US non-farm payrolls data. Gold futures on MCX were up 0.23 per cent, or Rs 107, at Rs 47,271 per 10 gram. However, silver futures gained 0.33 per cent, or Rs 213, at

Selling of Dollar picks up momentum again in Asia today, with EUR/USD breaking through 1.18 handle finally. On the other hand, New Zealand Dollar is staging a notable rebound as Covid case number dropped to the lowest level in six days. The markets are mixed elsewhere though, with some additional strength see in Euro, followed

USD/JPY trading strategy MUFG Research discusses discusses USD/JPY and maintains a bullish bias expressing this view via holding exposure in spot targeting a move towards 112.50. “We continue to rum a long USD/JPY view. USD/JPY remains the standout currency pair as being most influenced by the 10-year UST bond yield – and we do not

New Delhi: Gold in the national capital on Monday dipped Rs 199 to Rs 46,389 per 10 gram amid a correction in global precious metal prices along with rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,588 per 10 grams. Silver also dipped Rs 250 to

Selling of Swiss Franc is somewhat the biggest theme in a very quiet day so far, with UK on holiday. On the other hand, some buying is picking up in Canadian Dollar. But overall, markets are mixed without a clear direction yet. Main focus will firstly be on whether US stocks could extend last week’s

Daily thread to exchange ideas and to share your thoughts Europe looks set for a calmer start to the new week, with risk trades continuing to breathe easier following Fed chair Powell’s speech at the end of last week. Powell offered no fresh leads on tapering and that sent the dollar lower while Treasury yields declined as

Solana, now the eighth largest cryptocurrency, led the gainers, adding 5 per cent. The global crypto market cap was hovering near the $2.06 trillion mark, declining less than a per cent compared to the last day. Similarly, the total crypto market volume declined more than 5 per cent to $89.59 billion. Sharan Nair, Chief Business

The closely-awaited Jackson Hole speech by Fed chair Powell reaffirmed that QE tapering would begin later this year. While being more upbeat about the progress of employment and inflation, Powell warned of the downside risks posed by the rapid spread of the delta variant. He also attempted to de-link taper and rate hike, causing instant

Ida is set to be one of the largest storms to ever hit the US Hurricane Ida is hours away from making landfall on the coast of Louisiana as a Category 4 hurricane. It has caused widespread offshore oil and (especially) natural gas operations shutdowns. It’s now set to cause major damage to the lightly-populated