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Following strong closes in US stocks, Asian markets ex-Japan are trading generally higher. The development helps lift commodity currencies generally higher. In particular, New Zealand Dollar is additionally lifted by much stronger than expected job data. Yen is paring some gains but weak treasury yields is keeping it afloat. On the other hand, Dollar continues

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New Delhi: Gold prices in the national capital dipped marginally by Rs 31 to Rs 46,891 per 10 grams on Tuesday, in line with weak global trends and on rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,922 per 10 grams. Silver also tumbled Rs 372

Dollar is under some pressure as falling treasury yield is weighing down the greenback. Canadian Dollar is even weaker as WTI oil price breaches 70 handle again. New Zealand and Australian Dollars are the stronger ones but gains are limited. The post RBA lift on Aussie is so far short-lived. Swiss Franc is actually taking

How will Treasury yields fare in the days ahead? Invest in yourself. See our forex education hub. The market will have a key debate to sort out in the coming weeks, as the countdown to the much anticipated Jackson Hole symposium begins. For now, Treasury yields are continuing to track lower as the trend has

NEW DELHI: Gold prices were trading with big cuts in the domestic market today, following weaker global cues. A steady dollar pushed the yellow metal lower. Gold futures on MCX were down 0.37 per cent, or Rs 178, at Rs 47,908 per 10 gram. Silver futures traded 0.61 per cent, or Rs 411, lower at

Surprisingly, the RBA remained optimistic about the economic outlook despite the lockdown in various states over the past weeks. At today’s meeting, the members decided to go ahead with QE tapering from September and upgraded economic forecasts. The central bank maintained a upbeat view over Australia’s economy. As governor Philip Lowe suggested, “the experience to

The eviction moratorium is over The eviction moratorium is now over. That moratorium prevented landlords from evicting residents who did not pay their rent.  Now with moratorium over, landlords could evict residents who owe back rent or don’t pay the current rent.   Directing advisors to assemble all agencies to re-examine authorities that could stop evictions is calling on states, localities to

New Delhi: Gold in the national capital on Monday dipped Rs 124 to Rs 46,917 per 10 gram amid a decline in international precious metal prices and rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 47,041 per 10 grams. Silver went marginally lower by Rs 18

Sterling is notably lower today in otherwise mixed markets. Euro is also firm, with help from recovery against the Pound. Aussie is the stronger one, mainly because it’s paring last week’s losses. Upside is so far limited ahead of tomorrow’s RBA monetary policy decision. On the other hand, Swiss Franc softens mildly, paring some of

Latest data released by Markit – 2 August 2021 Prior 60.4 A slight drop in the headline compared to June but overall levels remain elevated with production and new orders seen up sharply once again. That said, supply chain disruptions are still an issue and that is constraining growth. Markit notes that: “July’s data again

NEW DELHI: Gold prices edged lower in domestic markets on Monday, following global market cues. The dollar held steady, pushing the yellow metal trade in red. Gold futures on MCX were down merely 0.10 per cent, or Rs 47, at Rs 47,954 per 10 gram. Silver futures traded marginally up 0.03 per cent, or Rs

The market opened the month with mildly positive sentiment, with major Asian indexes trading higher. But there is little reaction in the currency markets. Commodity currencies are generally soft for now, with slight losses in particular in Kiwi and Loonie. On the other hand, Dollar, Yen and Euro are trading mildly higher. Overall, however, there

100/200 hour MAs in play The NZDUSD has moved lower today and in the process returned back toward the 100/200 hour MAs.  Yesterday, the price trended higher and reached the 61.8% of the July trading range at 0.70188.  Sellers leaned against the area.   The corrective move lower in the Asian session saw the price moved

ISM data and jobs reports highlight the events next week Monday will be the August 2nd and the start of a new month. That means the traditional ISM data, ADP employment, the US and Canada jobs reports.  Highlights on the economic calendar. Monday (bank holiday in Canada) Japan consumer confidence 36.0 versus 37.4 last month

A pronounced revival in the commodity cycle rescued several steel companies and boosted their bottom-lines, but the recovery has not been equal. Several secondary steelmakers from Jharkhand, Maharashtra, West Bengal and Chhattisgarh are shutting shop – or on the verge of doing so. About 45% of India’s crude steel comes from secondary makers. Several companies

AUDUSD is prone to be the weakest performer among majors in July. The selloff accelerated 2 weeks ago as the resurgence of coronavirus has triggered lockdown in New South Wales, Victoria and South Australia. In the near-term, sentiment over the currency pair could remain weak as state governments would likely extend the lockdown to prevent