Author: admin
Silver (XAG/USD) trades lower on Thursday, hovering around $82.85 at the time of writing, down 1.95% on the day. The white metal is correcting after posting a weekly high at $86.30, while the immediate bullish structure remains intact despite the current pullback.The recovery that started from last week’s lows near $64.00 is pausing following the latest US labor market report. Data released by the Bureau of Labor Statistics (BLS) show that Nonfarm Payrolls (NFP) increased by 130K in January, above expectations of 70K, while the Unemployment Rate edged down to 4.3%. These figures ease concerns about a sharp slowdown in…
TD Securities analysts note that UK GDP for December matched expectations at 0.1% month-on-month, but downward revisions to November left Q4 growth at 0.1% quarter-on-quarter, below consensus and Bank of England projections. The bank notes narrow sectoral strength and a sluggish broader economy, suggesting this could influence marginal MPC voters toward a potential rate cut in March.Soft data may sway MPC doves”Index of Services had a very similar story, being above expectations in December at 0.3% m/m, but flat and disappointing on a 3m/3m basis. Furthermore, December’s strength was idiosyncratic to the transport, administrative, and wholesale trade sectors, which doesn’t…
The rupee appreciated 17 paise to settle for the day at 90.61 (provisional) against the US dollar on Thursday, as foreign fund investments lifted investor sentiments.Forex traders said foreign fund inflows, while not massive, provided a psychological anchor. Moreover, the RBI has been quietly ensuring that liquidity remains abundant in the banking system, they said.At the interbank foreign exchange market, the rupee opened at 90.55 against the US dollar, and touched an intraday high of 90.40 and a low of 90.65 during the day.At the end of the trading session on Thursday, the domestic unit was quoted at 90.61 (provisional),…
The Aussie Dollar (AUD) pulled back from three-year highs at 0.7147 as the US Dollar (USD) picked up following upbeat US Nonfarm Payrolls data. The pair, however, remains steady above 0.7100 as hot inflation expectations in Australia keep pressure on the Reserve Bank of Australia (RBA) to tighten its monetary policy further.Data released from the Melbourne Institute revealed that Australian Consumer Inflation Expectations rose to 5% in February, from 4.6% in January, reaching their highest rate in almost three years.The RBA hiked interest rates last week, for the first time in more than two years, and hinted at further monetary…
The rupee appreciated 38 paise to 90.40 against the US dollar in early trade on Thursday, supported by foreign fund inflows and suspected RBI intervention. Forex traders said foreign fund inflows, while not massive, provided a psychological anchor. Moreover, the RBI has been quietly ensuring that liquidity remains abundant in the banking system. At the interbank foreign exchange market, the rupee opened at 90.55 against the US dollar, then gained momentum and touched 90.40, registering a rise of 38 paise over its previous close. In the initial trade, the rupee also touched 90.56 against the American currency. On Wednesday, the…
Markets will be watching closely on Thursday, when the United Kingdom’s (UK) Office for National Statistics (ONS) will release the advance estimate of Q4 Gross Domestic Product (GDP).If the data land in line with consensus, the UK economy would have continued to grow at an annualised pace of 1.2%, compared with 1.3% recorded the previous year. If forecasts match, it would suggest a steady but uninspiring outcome, hinting that momentum is starting to level off. On a QoQ basis, GDP is expected to show a modest expansion of 0.2%, slightly above the 0.1% in Q3, reinforcing the idea of an…
The Indian rupee is likely to open Thursday with an upside bias, after Asian currencies were largely rangebound despite a rise in US Treasury yields following robust US jobs data.The 1-month non-deliverable forward indicated the rupee will open in the 90.66-90.70 range versus the US dollar, having settled 0.14 per cent weaker at 90.70 on Wednesday.Asian currencies were mixed and largely range-bound on Thursday, reflecting a muted reaction to January’s upside surprise in US nonfarm payrolls.The dollar index initially climbed alongside higher US Treasury yields, as the strong jobs data tempered expectations of US Federal Reserve rate cuts, before retreating…
A resurgent yen, runaway Aussie and steadily rising yuan had the dollar under pressure on Thursday and drifting toward a weekly drop, as investor focus turned to the next batch of U.S. labour and inflation data. A stronger-than-expected U.S. jobs report overnight briefly lifted the greenback. But traders are taking recent signs of U.S. economic resilience as cues for a broader brightening in global growth and are laying bets on Japan as a likely winner.The yen is up more than 2.6% since Prime Minister Sanae Takaichi’s Liberal Democratic Party swept to a landslide victory at Sunday’s election and a mood…
Gold price (XAU/USD) trades in positive territory near $5,060 during the early Asian session on Thursday. The precious metal edges higher despite stronger-than-expected US employment data. The release of the US Consumer Price Index (CPI) inflation report will take center stage later on Friday. The rally of the yellow metal is bolstered by safe-haven demand amid uncertainty and tensions between the United States (US) and Iran. US President Donald Trump said he insisted talks with Iran continue during a meeting with Israeli Prime Minister Benjamin Netanyahu. Trump also warned that he may take action against Tehran if a nuclear deal is…
Standard Chartered’s Dan Pan argues that while cheaper imported goods and a stronger Brazilian Real have sharply reduced goods inflation and allowed BCB to signal rate cuts from March, persistent services inflation near 5–6% is likely to keep core and headline inflation above target. The bank expects BCB to ease cautiously and potentially undershoot current market pricing for 2026.Services inflation threatens disinflation progress”Strong currency appreciation and lower input prices lowered Brazil’s goods inflation significantly in 2025, prompting BCB to signal that it will start an easing cycle in March. However, goods disinflation may soon run out of steam if the…