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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

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.

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.

There is a complete disconnect between what market participants are screaming about US housing and what the people in the industry are saying. If you listen to economists and traders, the US housing market is on the verge of collapse. Rising rates are set to cause a 2008-style collapse in pricing and a total unwind

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

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.

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

Gold prices inched lower on Tuesday after falling more than 1% in the previous session, weighed down by an uptick in the U.S. dollar and worries over further U.S. interest rate hikes. FUNDAMENTALS * Spot gold was down 0.1% at $1,777.46 per ounce, as of 0054 GMT, after hitting its lowest since Aug. 8 at

Commodity currencies soften mildly in Asian session today, following weaker than expected economic data from China. On the other hand, Yen is leading Dollar and Swiss Franc higher. Euro and Sterling are mixed for now. Overall sentiment is mixed, with notable gains in Nikkei but other Asian indexes are sluggish. Gold is still struggling to

WTI crude oil is down $4.80 to $87.73 today and a big reason why is speculation that the Iran nuclear deal could be revived. European circulated a draft deal last week, calling it the ‘final’ deal and framing it as take-it-or-leave-it. I get the sense that Iran isn’t done negotiating as it wants guarantees that

London: Oil prices fell by more than $3 a barrel on Monday on concerns over demand in China, the world’s largest crude importer, and ahead of Iran’s response to a nuclear deal proposal which could raise the country’s oil exports. Brent crude futures fell $3.49, or 3.56%, to $94.66 a barrel by 0945 GMT after

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

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%

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

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

Gold witnessed mixed trade and hovered in a range near $1800/oz level but still managed to end higher for the week. Gold gained 1.5% last week marking its fourth consecutive gain. Gold’s four weekly rally shows bullish sentiment however it has come on the back of five weeks of consecutive losses. The sharp and mixed

The major US indices are closing higher for the 4th consecutive week today, the gains were led by the NASDAQ index which rose over 2%. All 11 sectors of the S&P index rose. A look at the final numbers shows: Dow industrial average rose 424.3 points or 1.27% to 33761.04 S&P rose 72.86 points or

Oil prices dipped in early trade on Friday amid uncertainty on the demand outlook based on contrasting views from OPEC and the International Energy Agency (IEA), but benchmark contracts were headed for weekly gains as recession fears eased. Brent crude futures fell 34 cents, or 0.3%, to $99.26 a barrel at 0112 GMT, while U.S.