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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 your initial investment; do not
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Gold prices were flat on Wednesday, as investors awaited the release of the minutes of the U.S. Federal Reserve’s last policy meeting later in the day that could offer clues on further interest rate hikes. FUNDAMENTALS * Spot gold was flat at $1,775.59 per ounce, as of 0119 GMT, after hitting its lowest since Aug.
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Yen and Dollar are so far stronger for the week, with recession as a main theme in the markets. Yet, their upside is relatively limited, as US stocks managed to extend near term rally overnight. Commodity currencies are generally on the softer side, but Aussie, Kiwi and Loonie are all staying inside last week’s ranges.
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Gold prices declined by Rs 764 to Rs 52,347 per 10 grams in the national capital on Tuesday following weak global cues, according to Securities. The precious metal had closed at Rs 53,111 per 10 grams in the previous trade. Silver also tumbled by Rs 1,592 to Rs 58,277 per kg from Rs 59,869 per
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While Dollar remains generally firm, Yen is reversing much of this week’s gain. The moves come as European benchmark yields are trading generally higher. Major European stock indexes are also in slight positive position. Canadian Dollar is rebounding, responding more to rising core inflation reading. European majors and other commodity currencies are mixed for now.
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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 your initial investment; do not
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Negative sentiment started earlier in the day following weak economic data from China, and spread particular serious to some commodities like oil and copper. Aussie is currently leading New Zealand and Canadian Dollar down. Yen is trading generally higher, taking Dollar and Swiss Franc up. Meanwhile, Euro and Sterling continue to trade mixed. Technically, the
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The Australian dollar, as a ‘China proxy’ trade, can get a boost from bad data out of China, on the basis that there will be more stimulus forthcoming. That is not the case right now. The data from China was terrible, the jobless rate amongst the young is particularly worrying: China July Industrial Production 3.8%
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Oil prices rose by over 1% on Thursday after the International Energy Agency raised its oil demand growth forecast for this year as soaring natural gas prices lead some consumers to switch to oil. Brent crude futures gained $1.29, or 1.3%, to $98.69 a barrel by 1348 GMT, while U.S. West Texas Intermediate crude futures
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What key economic releases and events are on the schedule for the week starting on August 15. Monday, August 15 Empire State manufacturing index, 8;30 AM ET, Est 5.1 vs 11.1 last month Tuesday, August 16 Reserve Bank of Australia monetary policy meeting minutes, 9:30 PM ET Monday Canada CPI, 8:30 AM ET. Wednesday, August
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