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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 Thursday rose by Rs 112 to Rs 47,050 per 10 gram in-line with a recovery in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,938 per 10 gram. In contrast, silver slipped Rs 203 to Rs

While the US stock extended the near term steep pull back overnight, Asian markets are relatively steady and are just mixed. Major currency pairs and crosses are also stuck in tight range for consolidation. As for the week, Swiss Franc and Yen are the stronger ones on risk off sentiment, on both Omicron and talk

Europe plays catch up to start the day Eurostoxx -1.0% Germany DAX -1.2% France CAC 40 -1.1% UK FTSE -0.8% Spain IBEX -1.3% No surprises as this comes after a strong showing by European stocks yesterday, closing well before the late turn in sentiment that caused US stocks to plunge lower after a reported case

NEW DELHI: Gold prices eased on Thursday hurt by a strong dollar but concerns on virus uncertainty capped downside. Meanwhile, investors also assessed central bankers’ next moves as they are likely to respond to surging inflation and concerns over economic growth spurred by the new Omicron variant. Gold futures on MCX were down 0.20 per

The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks rose +4.27 mmb to 1222.16 mmb in the week ended November 26. Crude oil inventory dropped -0.91 mmb to 433 mmb, compared with consensus of a -1.24 mmb decrease. Inventory increased in 3 out of

2245 GMT New Zealand Terms of Trade for Q3 expected 2.0%, prior 3.3% q/q the price index for exports is expected to have fallen 4% (Q2 was a 2.9% rise) while the price index for NZ imports is expected to have risen 3% (Q2 was +4.8%) 2350 Japan monetary base and  international securities flows for

New Delhi: Gold in the national capital on Wednesday tumbled Rs 302 to Rs 46,848 per 10 gram reflecting an overnight decline in international precious metal prices along with rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,150 per 10 gram. Silver also dipped Rs 81

Dollar attempted for a rally overnight after hawkish comments from Fed Chair Jerome Powell, but momentum quickly faded. Instead, the greenback was dragged down by extended weakness in benchmark treasury yields. Overall market sentiment is stable in Asian session, helping commodity currencies rebound. Aussie is additionally lifted by better than expected GDP data. But then,

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

MELBOURNE: Oil prices clawed back some losses on Wednesday after steep falls in the previous session, as major producers prepared to discuss how to respond to the threat of a hit to fuel demand from the Omicron variant. U.S. West Texas Intermediate (WTI) crude futures rose 78 cents, or 1.2 per cent, to $66.96 a

Despite concerns over the new coronavirus variant Omicron, Fed Chair Jay Powell’s testimony before the Senate was hawkish. He suggested that the Fed could accelerate the tapering of asset purchases in order to curb strong inflation. US dollar extended rally against major currencies, with the exception of Japanese yen and Swiss franc. The testimony is

CAD/JPY a good proxy? There are plenty of moving parts in the omicron trade that make it a challenging one. The Fed showed that today as Powell’s hawkish comments added to a risk-off mood that spilled over into everything. I don’t think there’s a true way to isolate omicron in a major market. Perhaps there

New Delhi: Gold in the national capital on Tuesday jumped Rs 41 to Rs 47,217 per 10 gram in line with rally in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,176 per 10 gram. Silver in contrast dipped Rs 667 to Rs 61,337

Overall market sentiment is stable, with major Asian indexes mixed, following the recovery in US stocks overnight. Yen and Dollar soften slightly after turning into consolidations, but Swiss Franc is still strong. Commodity currencies are mixed with no follow through buying with the current rebound attempt. In other markets, Gold is struggling in tight range

The Stoxx 600 index is at its lowest in nearly 7 weeks Eurostoxx -1.0% Germany DAX -1.2% France CAC 40 -1.4% UK FTSE -1.0% Spain IBEX -1.7% After a decent showing yesterday, we’re back to the jittery mood from Friday after Moderna’s CEO commented earlier that vaccines may be significantly less effective against the omicron

MELBOURNE: Oil prices climbed on Tuesday, extending a rebound from last week’s plunge on growing expectations major producers would pause plans to add crude supply in January amid uncertainty over the severity of the Omicron coronavirus variant. U.S. West Texas Intermediate (WTI) crude futures jumped 99 cents, or 1.4 per cent, to $70.94 a barrel

The forex markets are staying in consolidative mode today as overall market sentiment stabilized. Major European indexes are paring some of last week’s losses while US futures also point to higher open. But it remains to be seen if it’s just a dead cat bounce, or a reversal. Canadian and Australian Dollar are currently the