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Despite recovery, crude oil prices are prone to record the first decline in 3 weeks. The sharp selloff earlier in the week is a result of a confluence of factors including resurgence of the pandemic in the US and China, China’s economic slowdown and OPEC+’s plan to increase output. The rapid spread of the delta

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do

NEW DELHI: Refined soya oil prices on Friday fell Rs 7.4 to Rs 1,399 per 10 kg in futures trade as speculators reduced holdings amid subdued demand in spot market. On the National Commodity and Derivatives Exchange, refined soya oil for delivery in August declined by Rs 7.4 or 0.53 per cent, to Rs 1,399

Dollar jumps sharply in early US session after stronger than expected non-farm payroll data. If job growth could sustain at current page in August, more FOMC members would be ready to call for tapering in Q4. Euro, Swiss Franc and Yen are the most responsive to Dollar buying so far. Sterling is staying resilient. Meanwhile,

Not a whole lot going on so far on the day European indices are mixed but little changed for the most part as risk sentiment is keeping more tentative ahead of the US non-farm payrolls release later in the day. The dollar is steadier in the major currencies space but changes are minimal with the

NEW DELHI: Gold prices slipped lower on Friday in domestic markets, following the global footsteps. The US dollar held firm as more Federal Reserve officials signalled the possibility of a sooner-than-expected policy tightening. Gold futures on were down 0.22 per cent or Rs 105 at Rs 47,498 per 10 grams. Silver futures traded 0.39 per

Dollar is trying to extend this week’s recovery in Asian session, as focus turns to non-farm payrolls reports. Whether Fed would start tapering asset purchases by the end of the year, or earlier, would very much depend on the job data in Q3. Elsewhere, Aussie is trading a touch softer after dovish comments from RBA

Plenty to come from the Reserve Bank of Australia  2230 GMT Australia – AiG Services PMI for July 2300 GMT  – Reserve Bank of Australia Governor Lowe speaking in front of the House of Representatives Standing Committee on Economics will be doing so online with Sydney in lockdown 2330 GMT Japan wages data for June Labor

New Delhi: Gold in the national capital on Thursday tumbled Rs 312 to Rs 46,907 per 10 gram amid weak global trends, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 47,219 per 10 gram. Silver also plunged Rs 1,037 to Rs 66,128 per kilogram from Rs 67,165 per

The BOE voted unanimously to keep Bank rate at 0.1%, and 7-1 to leave purchases of government bond at 875B pound. While the latter decision came less hawkish than we had anticipated (we expected 2 dissents), British pound got a boost as policymakers hinted about “modest tightening”. Upgrading Inflation Forecast The staff revised higher 2Q21

Light moves in the major currencies space USD/JPY is still keeping higher on the day, holding around 109.60-65 with gains limited by the 200-hour moving average as seen here for the time being. But both currencies are losing slight ground with cable nudging up to 1.3920 and testing its 100-day moving average @ 1.3919, moving

For the first time in a decade, China has released some of its strategic metal stocks to try to dampen a price rally hurting manufacturers. It has also released coal and imported corn reserves to cool prices, while buying pork to prop up that market. China is the world’s largest user of commodities and has

Overall markets were rather mixed for the moment. Dollar’s selloff was quickly choked off by strong ISM services overnight, even though there is no clear follow through buying. Traders are holding off the bets for now, awaiting tomorrow’s non-farm payroll figures. Sterling will come to the center of the stage today first, with BoE super

Yesterday NYC put in new restrictions on restaurants The NY Autoshow has been canceled due to increase Covid Delta measures.   Yesterday New York City became the first U.S. city to require proof of vaccination for a variety of activities for workers and customers including indoor dining, gyms and movie theaters. The move is intended to put pressure on people

New Delhi: Gold in the national capital on Wednesday rose by Rs 123 to Rs 46,992 per 10 gram amid gains in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,869 per 10 grams. Silver also zoomed Rs 766 to Rs 66,926 per kilogram

US futures turn south after much weaker than expected ADP job data. Yen regains much growth as risk sentiment turn cautious again. Though, as for today, Kiwi and Aussie are still the strongest. Canadian Dollar is currently the worst performing as dragged down by weakness in oil price. Dollar is following as the next weakest

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do

NEW DELHI: Gold prices edged higher on Wednesday in the domestic market, tracking global cues. Gains in the yellow metal are supported by a subdued dollar. Gold futures on MCX were up 0.15 per cent, or Rs 72, at Rs 47,936 per 10 gram. Silver futures traded 0.31 per cent, or Rs 210, higher at