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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 fell in Friday’s early trade despite a lower-than-estimated print on the US inflation numbers released on Thursday. The yellow metal was trading down on the back of a stronger dollar index (DXY) and bond yields. The DXY was trading with a positive bias at 102.59 against a basket of six top currencies. Tracking cues
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– Gold prices hovered near one-month lows on Thursday, as investors braced for the make-or-break U.S. inflation data that would shape the Federal Reserve‘s upcoming interest rate decisions. FUNDAMENTALS * Spot gold was steady at $1,916.19 per ounce by 0123 GMT, a few dollars away from its lowest level since July 10 hit on Wednesday.
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Despite an initial dip in Dollar after release of US consumer inflation data, the greenback has shown resilience against further selling pressures. The CPI figures, aligning with market predictions, bolster the possibility of Fed maintaining its current interest rates this September. However, several key considerations remain. Firstly, another round of inflation and employment data will
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Here’s a snapshot of things so far today: Eurostoxx +0.8% Germany DAX +0.4% France CAC 40 +0.8% UK FTSE -0.1% S&P 500 futures +0.6% Nasdaq futures +0.7% Dow futures +0.5% It’s a solid rebound after dip buyers were dealt a blow late yesterday in US trading. The question now though is, can this carry on
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Gold traded with weakness in the early trade on Thursday ahead of the US inflation data. The anticipation of the CPI numbers has kept the movement rangebound. The dollar index (DXY) was hovering over the 102 mark against a basket of six major currencies, though the bias was slightly negative. Meanwhile, from the Indian standpoint,
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Prior month -46 revised 2-48 RICs housing survey for July -53 versus -50 estimate. This is the lowest since April 2009 Agreed sales balance -44 versus -36 last month. Lowest since April 2020 Near-term rental price balance +63 versus +55 last month. Highest since records began in 1999 The decline was influenced by interest rates
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Dollar has regained some prominence in today’s trading, albeit just as a part of this week’s oscillating trends. A majority of major currency pairs and crosses are confined within yesterday’s trading ranges. The day’s lull is evident, with a notable absence of significant economic announcements from Europe and US. Additionally, leading central bankers have remained
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Gold price fell by Rs 70 to Rs 60,050 per 10 gram in the national capital on Wednesday amid a decline in rates of the precious metal overseas, according to HDFC Securities. In the previous trade, the yellow metal had settled at Rs 60,120 per 10 gram. Silver also tumbled Rs 400 to Rs 73,600
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Asian markets exhibited mild risk-off sentiment today, but with limited selloffs observed. China’s data revealed a foray into deflation, though expectation remains that this may not be a prolonged phase, especially given the milder-than-expected dip in CPI. While this doesn’t offer a significant boost in market sentiment, it’s somewhat less gloomy than anticipated. In the
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