Forex Team Ltd

The major US stock indices are opening with modest changes. Dow is up 15 points or 0.05% at 33964 S&P is unchanged at 3998.80 Nasdaq is down -2.24 points or 0.02% at 11239 Russell 2000 is down -2.2 points or -0.12% at 1838.14 IN the US debt market, yields are modestly lower with a flatter

Shares of sugar companies rallied 9.8% on Tuesday following reports of 7% fall in India’s sugar output so far this year. Erratic weather conditions have hampered cane yields, which could further result in a reduction in exports. From the pack, was one of the biggest gainers. The stock rallied 9.8% in Tuesday’s trade on the

Dollar tried to rebound overnight, as risk-on sentiment receded after solid services data. But there is no follow through buying in Asian session with generally mixed mood. Aussie is under mild selling pressure and there is no support from RBA’s expected 25bps rate hike. For now, Dollar and Euro are on the stronger side for

The UK data via the British retail consortium (BRC) survey: total sales in November +4.2% y/y vs +1.6% y/y in October like-for-like sales +4.1% y/y vs October +1.2% y/y And, via Barclaycard: UK November consumer spending +3.9% y/y vs October +3.5% y/y Reuters summarise: consumer spending ticked up last month at a rate that greatly

Oil prices rose 3% on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and the start of a G7 price cap on Russian crude. At the same time, in a positive sign for fuel demand in the world’s top oil importer, more Chinese cities eased COVID-19 curbs over

Euro rises broadly today as supported by improvement in investor sentiment, but Sterling and Swiss Franc are lagging behind. Canadian Dollar also follows oil price high, as China appears to be moving further towards reopening. Australian Dollar is also firm. But Yen and Dollar are on the weaker side on positive market sentiment. Technically, while

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New Delhi: Gold prices rose on Monday, hitting new 5 month highs on the back of weaker US Dollar and renewed interest in bullion after partial relaxations in Covid-19 restrictions by China. US employers hired more workers than expected in November and increased wages, shrugging off mounting worries of a recession, but that will probably

Dollar’s selloff continues in Asian session today as overall market sentiment is supported by further restriction easing in China. The improvement in sentiment is also reflected in some weakness in Yen and Swiss Franc. Australian Dollar and Canadian Dollar are trading generally higher, awaiting rate hike by RBA and BoC later in the week. Euro