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2230 GMT Australia – AiG Services PMI for April 2330 GMT Japan wages data for March Labor cash earnings expected -0.2% y/y, prior -0.4% Real cash earnings expected 0.0% y/y, prior 0.1% 2350 GMT Japan monetary base for April 0030 GMT Japan – Jibun Bank/Markit Services and Composite PMI (final) for April 0130 GMT Reserve

At today’s meeting, the BOE voted unanimously to leave the Bank rate unchanged at a record low of 0.1%. Meanwhile, the central bank voted 8-1 to keep the asset purchase program at 895B pound, of which 875B pound is government bonds. Policymakers also announced to slow the pace of asset purchases so that the program

Domestic gold prices registered mild gains on Thursday as a weakening dollar overseas made the yellow metal more attractive for holders of other currencies. MCX gold futures (delivery on June 4) traded 0.18 per cent higher at Rs 47,086 per 10 grams at the last count, having risen to as high as Rs 47,263 during

European indices and US futures pull higher to start the session European equities are posting modest gains on the session now, building on the rebound yesterday as the momentum since late Tuesday trading continues in stocks. US futures are also marked higher on the day after a mixed session yesterday: After Yellen stepped on the

Australian Dollar trades generally lower today, after China announced to “indefinitely” suspended all  activities under the China-Australia Strategic Economic Dialogue. But the spike on Aussie was relatively shallow and short-lived. Traders are quick to remember that the tariffs by China on some Aussie products didn’t had much material impacts on the latter’s export performance. Additionally,

NEW DELHI: Gold prices inched higher on Thursday due to a weaker dollar, while investors awaited the release of US non-farm payrolls data for April due later this week. The US economy may be growing more quickly and unemployment falling faster than the core of Federal Reserve policymakers projected in March, Fed Governor Michelle Bowman

Commodity currencies continue to trade as the stronger ones entering into US session. In particular, Canadian is helped by extended rally in oil prices. New Zealand Dollar continues to receive support from better than expected job data. Overall sentiments are positive with European stocks staging a rebound, while US futures point to recovery. Euro is

There are too many people who want to gamble The line between gambling, trading and investing has always been finer than anyone in this industry admits. All investments are essentially a bet on the future. What’s changed lately is that traders don’t seem to care about anything but price. When crypto first boomed there were

Domestic gold prices held steady near Rs 46,900 per 10 grams on Wednesday as a rising dollar made the yellow metal less appealing for holders of other currencies. MCX gold futures for June 4 delivery traded nearly unchanged at Rs 46,879 per 10 grams at the last count, down by Rs 8 on the day,

Trading continues to be relatively subdued in the forex markets. US Treasury Janet Yellen’s comments prompted selloff in stocks overnight. But reactions in currencies were just mild, with most pairs and crosses range bound. Strong job data from New Zealand is giving the Kiwi a lift, while Aussie is supported by strong construction data. Yen

Latest data released by Markit – 5 May 2021 Prior 48.6 Composite PMI 51.2 vs 53.0 expected Prior 51.9 While the rest of the region saw more upbeat performances in April, Italian business activity struggled as the services sector contracted further – missing on estimates. New orders and exports showed declines to start Q2, with

NEW DELHI: Gold prices were almost flat on Wednesday, as concerns over possibility of a higher US interest rates countered a subdued dollar, while palladium held firm after scaling a record high in the previous session. The gain in US treasury yields over the comments of rate hikes from Treasury secretary Jennet Yellen pressured gold

Dollar and Yen rebound notably today as consolidative trading continues, with help from mixed sentiments. European indices are mixed while US futures point to lower open. Major global trading yields are trading lower, with US 10-year yield below 1.6 handle. New Zealand Dollar is leading Australian Dollar lower, followed by Sterling. Technically, we’d maintain the

Positive day for crude It has been a great day for risk trades but oil has managed its third-best close of the year — finishing narrowly below the March highs. It settled up $1.20 to $65.69, which was just off the session high of $65.84. There was a 30-cent pop in the final minutes of

Prices of rubber, an industrial commodity, jumped on Tuesday to the highest level in nearly a month amid supply shortage, adding to a rebound that began last week as firm demand along with positive cues in the international market boosted sentiments of market participants. rubber futures due for delivery on May 31 traded 1.52 per

The RBA left all monetary policy measures unchanged in May and reiterated that a rate hike would “unlikely to be until 2024 at the earliest”. However, the central bank upgraded economic projections and signaled that some amendments would be made on yield curve control (YCC) and QE in July. Economic Assessments The RBA acknowledged the

UK stocks gain in catch-up play after the long weekend Eurostoxx +0.1% Germany DAX flat France CAC 40 +0.1% UK FTSE +0.8% Spain IBEX +0.1% The overall risk mood is more tepid in general with US futures also keeping little changed. S&P 500 futures are down 0.1%, Nasdaq futures down 0.1%, Dow futures flat. In

NEW DELHI: Gold and silver futures prices dropped lower up on Tuesday, as a stronger dollar and optimistic comments from US Federal Reserve Chairman Jerome Powell on the economy weighed on the metal’s safe-haven appeal. The dollar index was up 0.1 per cent against its rivals, making gold more expensive for other currency holders. The