The U.S. dollar witnessed a smart recovery yesterday, which paused bullion’s recent upside momentum. Greenback recovered half percent after a solid jobs report for March on Friday added to expectations that the Federal Reserve will hike rates again in May. While the Japanese yen weakened as Japan’s new central bank
The dollar gained against the Japanese yen yesterday. The Yen weakens to the day’s low 133.64 against the dollar. After Japan’s new central bank governor Kazuo Ueda said, it was appropriate to maintain the bank’s ultra-loose monetary policy for now as inflation has yet to hit 2% as a trend.
Last week, Market reacted strongly on Opec+ Meeting and US monthly employment data. Precious metal jumped to the new multi week high, dollar index weakens nearly half percent. Crude jumped near to multi week high, and base metals retreated slightly from the weekly high. Now this week, U.S. inflation data
Natural gas tumbled more than 7.90% last week. Natural gas futures resumed their weekly trend in the red, after last week’s respite from three straight weeks of deficit.MCX Natural gas settled at 169.2 compared to previous close of 183.80. On a monthly basis, prices drop by 16.07%. The prices dropped
The U.S. dollar has paused its recent fall, and recovered 0.30% yesterday. As investors lightened their short positions to book profits ahead of the all-important U.S. non-farm payrolls report on Friday. The jobs data supported the view that the Federal Reserve may not need to raise rates much further. Which
The U.S. dollar witnessed a smart recovery yesterday, which paused bullion’s recent upside momentum. Greenback recovered from two-month lows hit the previous session, as investors lightened their short positions to book profits ahead of the all-important U.S. non-farm payrolls report on Friday. In late morning trading, the dollar index rose
Gold prices made a historical high yesterday. Prices jumped more than 1.50%. As more signs of slowing economic growth fed into safe haven demand for the yellow metal. Yellow metals rose abruptly, as after the U.S. dollar tumbled to a two-month low. Currency dropped towards day’s low 101.459 after weak
Precious metals had a speculative trade yesterday. Where, yellow metal made a new high and Silver witnessed its biggest single day gain after 17 March 2023. Both metals rise abruptly, as after U.S. dollar tumbled to a two-month low. Currency dropped towards day’s low 101.459 after another round of weak
Crude oil prices witnessed a speculative jump yesterday. Prices jumped by 6.66%. Headed for its biggest daily rise in nearly a year after OPEC+ jolted markets with plans to cut more production. Oil prices rose abruptly after OPEC+ plans to cut more production jolted markets the previous day. With investors’
Crude oil prices witnessed a speculative upside move yesterday. It jumped 6.66%, headed for its biggest daily rise in nearly a year after OPEC+ jolted markets with plans to cut more production. Brent crude was up 7.03%, at $79.73 a barrel after touching its highest since March 7 at $79.89.
