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The surge in electricity price has haunted the Eurozone since the last ECB meeting. Meanwhile, heightened inflation expectations have moved forward market pricing of the first post-pandemic rate hike to end-2022, significantly ahead of the central bank’s estimate. We expect policymakers to make use of the October meeting to address these issues, although the monetary

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 in the national capital on Monday rose by Rs 182 to Rs 47,023 per 10 gram in line with rally in international precious metal prices and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,841 per 10 gram. However, silver declined by Rs

Euro drops broadly today after slightly weaker than expected German sentiment. Bundesbank also warned of significantly lower growth in Germany in Q4. Swiss France is following as second weakest. Yen is also soft following rally in major global treasury yields. On the other hand, Aussie is currently the strongest for today, followed by Dollar. Technically,

Forex news from the European trading session – 25 October 2021 Headlines: Markets: AUD leads, EUR and CHF lag on the day European equities mostly a little higher; S&P 500 futures up 0.1% US 10-year yields flat at 1.654% Gold up 0.5% to $1,800.30 WTI up 1.1% to $84.70 Bitcoin up 3.4% to $62,781 It

NEW DELHI: The seventh tranche of Sovereign Gold Bond Scheme 2021-22 opened for subscription today. The Ministry of Finance has fixed the issue price for the scheme at Rs 4,765 per gram. The Sovereign Gold Bond Scheme 2021-22 – Series VII will remain open for subscription for next five days as it can be subscribed

As further QE tapering to CAD 1B/week has been fully priced in, the focus of this week’s BOC meeting is the forward guidance on rate hike. The market has priced in 3 rate hikes in 2022. We expect the central bank to maintain the guidance that a rate hike would come when “economic slack is

Some info from various places around on what analysts are looking for from Chinese GDP ahead.  Bloomberg cites Citi and BoA: among those sounding the warning that expansion will fall short this year of the 8.2% anticipated by the consensus of economists. The slump could last into next year, forcing growth below 5%, they warn.

MELBOURNE: prices resumed their climb on Friday on continued tightness in U.S. supply, but were headed for a flat finish on the week as coal and gas prices eased, curbing fuel-switching which had stoked demand for oil products for power. U.S. West Texas Intermediate (WTI) crude futures rose 20 cents, or 0.2%, to $82.70 a

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 inched higher and was poised for a second weekly gain on Friday, as a softer provided some respite against higher U.S. bond yields and rising expectations that central banks could begin easing economic support. FUNDAMENTALS * Spot gold rose 0.1% to $1,785.00 per ounce by 0216 GMT. U.S. gold futures edged 0.2% higher to

The new tax will be levied on residential and non-residential property, but not to rural residences.  An earlier pilot scheme was implemented in 2011 in two cities at rates from 0.4% to 1.2% on higher-end housing and second homes, and has not as yet been applied in more cities. There are few details of the

Petrol and diesel prices were hiked for the fourth straight day on Saturday. Fuel rates in India now touch an all-time high across the country with a 35 paise a litre hike. Petrol and diesel in Delhi is now priced at Rs 107.24 per litre and Rs 95.97 per litre respectively today. In Mumbai, petrol

The markets have turned a bit mixed last week and have likely entered into a near term consolidative mode already. Dollar ended broadly lower even though traders continued to add their bet on a Fed rate hike next year. Indeed, the odds for a hike by June is now higher than not. Canadian Dollar was

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

Crude futures rose 1.5% Friday in New York, up for a ninth straight week. President Joe Biden said Thursday night that Americans should expect high gasoline prices to continue into next year because of supply being withheld by OPEC and other foreign oil producers. Stockpiles at the biggest U.S. storage hub are draining to levels