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Dollar trades slightly higher in early US session on much better than expected ADP private job data. Though, upside is so far limited, as traders remain cautious ahead of tomorrow’s non-farm payrolls report. Sterling is following as the second strongest for today, then Yen. On the other hand, commodity currencies are generally lower, as led

Forex news for Asia trading on Thursday 3 June 2021 Major FX has moved very little during the session here so far in Asia. News flow has been light and, obviously, of negligible impact. Data flow, on the other hand, has been plentiful (see bullets above) but also, and again obviously, non impactful. “Awaiting the

By Swansy Afonso and Ranjeetha PakiamIndia is moving closer toward setting up spot contracts for gold, finalizing rules for trading and providing the world’s second-biggest consumer a firmer grasp over setting the price of bullion. The gifting of gold at weddings and festivals, and its purchase as a store of value are deeply held traditions

Trading continued to be rather subdued in Asian session. Major pairs and crosses are staying inside yesterday’s range, as well as last week’s range. Sterling is currently the weakest one, after failing to follow through the rally attempt earlier this week. Dollar is the next weakest for now. On the other hand, Aussie and Swiss

Canada building permits for April -0.5% versus -5.0% estimate Coming Up! Title text for next article LON +1 SDNY+11 NY -4 TYO +9 GMT April Canada building permits Canada building permits for April came in at -0.5% versus -5.0% estimate.  Prior month 5.7% Total value of building permits $11.1 billion The permits remain near historic high levels. 

NEW DELHI: Gold slipped by Rs 116 to Rs 48,772 per 10 grams in the national capital on Wednesday in line with a fall in global precious metal prices, according to HDFC Securities. In the previous trade, it had closed at Rs 48,888 per 10 grams. Silver also tumbled Rs 1,291 to Rs 70,836 per

The financial markets continue to be range bound today, as traders seem to be holding their bets before Friday’s US job report. Dollar is recovering mildly but it’s held below next term resistance levels. Sterling is currently the stronger one, while Swiss France is the weakest. Technically, we’re still staying near term bearish on the

Forex news for Asia trading on Wednesday 2 June 2021 USD/JPY has inched higher during the session, up towards 109.65. We had a BOJ speaker, a dovish speech (they usually are) which helped but the yen was softer well before. EUR, AUD, NZD, CAD, GBP are all a little higher against the dollar and thus

NEW DELHI: Gold prices on Wednesday declined from a near five-month high after US manufacturing activities expanded boosting investment confidence into the riskier assets. A stronger US dollar added pressure on the gold prices. Domestic markets followed the global trends and precious metals declined. Data showed that US manufacturing activity picked up in May as

As expected, the RBA left all monetary policy measures unchanged in June. Policymakers maintained a dovish tone, suggesting no rate hike at least until 2024. They also affirmed that some adjustments to the monetary policy would be made in July. On economic developments, while reiterating the “strong” growth outlook in 2021 and 2022, the central

WTI pares gains WTI rose as high as $68.87 but it’s now a dollar below that level at $67.81 with all the selling coming in the past 20 minutes. There’s no news from OPEC+ but we could be seeing some profit taking or similar negativity to what we’re seeing in other commodities. Gold earlier reversed

NEW DELHI: Gold rose by Rs 285 to Rs 48,892 per 10 gram in the national capital on Tuesday following a rally in global precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 48,607 per 10 gram. Silver also jumped Rs 952 to Rs 71,850 per

Canadian Dollar jumps broadly today, following upside breakout in oil price, and partly supported by solid GDP growth data. Australian Dollar is following as the second strongest, while Dollar is also rebounding. On the other hand, Sterling reversed earlier rallies after failing to sustain above a key resistance against Dollar. Subsequent selloff sends the Pound

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

Gold prices on Tuesday traded near a five-month high scaled last week, supported by a softer dollar and growing inflationary pressures, while investors awaited key U.S. data that will provide a clearer picture on the global economy’s recovery path. Spot gold was steady at $1,907.54 per ounce by 0048 GMT. Last week, gold prices hit

Trading continue to be relatively subdued as US and UK are both on holiday. Sterling is mildly softer, followed by Dollar, and Swiss Franc. On the other hand, Australian Dollar is strengthening mildly, ahead of RBA rate decision in the upcoming Asian session. It’s highly unlikely for the central bank to alter the forward guidance

ANZ are expecting expect further drawdowns in global inventories ahead: The outlook for road transportation fuels is improving strongly ahead of the northern hemisphere’s summer driving season.  High vaccination rates have seen restrictions ease and mobility increase in the US and Europe. In fact, gasoline demand has now exceeded 2019 levels in many areas. This

NEW DELHI: Gold prices held firm above the key $1,900-level on Monday after US consumer prices rose more than the expected in April and supported the metals as an inflation hedge. Gold prices were strong in the domestic market as concerns of rising inflation looms and a strengthened rupee. US consumer prices surged in April,