NEW DELHI: Gold futures prices in the domestic market continued its downward journey in the morning trade for another day on Tuesday bucking the trend in the international market, but the losses were limited as India sped up vaccine deployment. However, silver futures edged higher riding on a wave of news including upcoming stimulus packages
Asian markets are trading in strong risk-on mode today, with particular strength seen in Hong Kong. DOW future is also currently up 150 pts, as markets look forward to US Treasury nominee Janet Yellen’s confirmation hearing. Yen is back under heavy selling pressure, followed by Dollar and Swiss Franc. Australian Dollar is leading commodity currencies
AUD/USD eases from intraday high while keeping corrective pullback from 21-day SMA. Bearish MACD, sustained break of 11-week-old trend line keeps sellers hopeful. AUD/USD takes the bids near 0.7711, up 0.33% intraday, during early Tuesday. The Aussie pair dropped to the lowest in two weeks the previous day after extending the downside break of an
The dollar continues to pick up from where it left off last week European indices are keeping slightly lower but more tepid in general while S&P 500 futures are seen down 0.2%. That points to a more subdued risk mood but nothing too defensive on the session so far. However, the dollar continues to go
Yellen appears before a Congressional committee on Tuesday, US time Media reporting she’ll be encouraging the fiscal response represented by Biden’s $1.9tlm plan: “Right now, with interest rates at historic lows, the smartest thing we can do is act big. In the long run, I believe the benefits will far outweigh the costs” For bank
Oil prices fell on Monday as a stronger dollar, fears over soaring COVID-19 cases around the world and the slow pace of vaccination against the virus outweighed a better-than-expected quarterly rebound for China’s economy. Brent crude was down 16 cents, or 0.3%, at $54.94 per barrel at 1445 GMT, and West Texas Intermediate U.S. crude
Commodity currencies remain generally weak today on mixed market sentiments. On the other hand, Yen, Swiss Franc and Dollar are the strongest. Euro remains soft too, but recovery in crosses, in particular against Sterling, is limiting its downside for the moment. Gold also stabilizes back in prior range after initial selloff. With US markets on
Spot silver prices have for the most part been capped below the $25.00 mark in recent trade. Given US market closures amid MLK Day holidays, volumes are thin. Slight USD strength has done little to dent sentiment towards precious metals. Spot silver prices (XAG/USD) have for the most part been capped below the $25.00 mark
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Gold woke up on the wrong side of the bed following the weekend but is managing to hold up for the time being Precious metals are among the notable movers today with gold having witnessed a drop to near $1,804 to start the day before rebounding by $36 to $1,840 at the start of European
Latest data released by the SNB – 18 January 2021 Domestic sight deposits CHF 634.1 bn vs CHF 628.9 bn prior Prior week’s release can be found here. Amid a bit of a retreat in EUR/CHF towards the latter stages of last week, the SNB is seen stepping back into the market again as sight
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NEW DELHI: Gold futures prices in the domestic market continued to slide in the morning trade for another day on Monday as a stronger US dollar made bullion expensive for other currency holders, despite expectations of a large Covid-19 relief package in the United States. US President-elect Joe Biden said on Friday that he wants
Dollar opens the week generally higher, as supported by comments from former Fed chair Janet Yellen. Though, at this point, Yen mildly stronger while Swiss Franc is also firm. The triple argues that there is some underlying cautiousness in investor sentiments, despite solid Q4 China data. That’s also reflected in the general weakness in commodity
GBP/USD Price Analysis: Battles 1.3600 inside monthly rising wedge on 4H GBP/USD fails to keep the uptick beyond 1.3606, currently around 1.3590, during the initial Asian trading on Monday. The cable dropped to the lowest since January 12 on Friday but couldn’t slip beneath the 100-bar SMA. However, rising wedge formation on the four-hour (4H)
Major indices lower on the week as well The major European indices are closing the week with sharp declines of over 1%. For the week, today’s price action has also increased the declines with the FTSE 100 and Spain’s Ibex the biggest decliners. The provisional closes are showing: German DAX, -1.4% France’s CAC, -1.2% UK’s
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