October 2022 – TradenTalks

Dollar Climbs Ahead of Busy Week For Central Banks

October 31, 2022 Administrator_Indiaapparent, central bank's, chief economist, interest, weakness0 comment

The dollar advanced on Monday, regaining some ground lost earlier in the month, at the start of a week packed with data releases and central bank rate setting meetings, including by the Bank of England and the Federal Reserve Euro zone flash inflation and GDP numbers and details of the Japanese Ministry of Finance’s intervention, both due later on Monday, were the near term focuses The euro slid 0.5% to $0.9919, sterling lost 0.56% to $1.1549, and the dollar rose 0.57% against the Japanese yen to 148.2, as the weakness…

World

Global Food Security on The Edge as Russia Exits Grain Deal

October 31, 2022 Administrator_Indiaadjusted, HedgePoint Global Markets, International Food, Michael Magdovitz0 comment

How much of a price jump is harder to predict since the safe-passage deal was already set to expire in mid-November if no agreement is reached to extend it Traders are bracing for a fresh spike in grain prices after Russia’s exit from a deal allowing Ukraine crops to move from the Black Sea to the countries most in need of them roils markets anew. The sudden move by Russia has left leaders scrambling to rescue the UN-and-Turkey-brokered agreement credited with saving vulnerable populations from risk of starvation. The pact…

Turbulence in the bond market: What does it mean for investors?

October 29, 2022 Administrator_IndiaBusiness Market, GDP, Stock Market0 comment

Year 2022 is proving to be yet another year dominated by unprecedented events causing heightened volatility across global financial markets. While the year started on a positive note with many countries moving out of Covid -led disruptions, it was soon eclipsed by un-anticipated Russia-Ukraine conflict leading to a significant surge in global commodity prices and multi-decade high inflationary pressures in many developed countries. Central bank US Fed has embarked upon aggressive monetary policy tightening led by steep policy rate hikes and quantitative tightening to tame inflation, thereby triggering massive dollar…

BOJ

BoJ Holds Ultra-Low Interest Rates, Raises 2022 Inflation Forecast

October 28, 2022 Administrator_Indiaboost liquidity, Depreciation, elevated raw material, Federal Reserve, particularly0 comment

The Bank of Japan (BoJ) held interest rates at record lows as expected on Friday, and said inflation is likely to rise more in the near-term as the Japanese economy struggles with elevated raw material costs and supply chain issues The central bank held its target for short-term interest rates at negative 0.1%, and said in a statement that it will continue to guide the 10-year bond yield at 0%.The central bank now expects CPI inflation to end the year at 3%, higher than its previous forecast of 2.3%. But…

Sensex in Green As Street Resumes Trading: Nifty Metal Shines, Bond Yields Ease

October 27, 2022 Administrator_IndiaBusiness Market, Forex, GDP, Stock, Stock Market0 comment

The domestic market made a positive opening on Thursday as traders returned to the Street after a day’s off on Wednesday, tracking positive cues from global markets, especially as Asian equities traded in the green during the pre-opening session. An easing US dollar pushed treasury yields lower on rising hopes that the US Fed would go easy on the magnitude of rate hike at its upcoming policy meeting, especially after the Bank of Canada’s lower-than-expected interest rate hike even though concerns of slowing economic growth remained. At the time of…

Dabur stock price rises on market share gain, Badshah acquisition

October 27, 2022 Administrator_IndiaBusiness Market, Forex, GDP, Stock, Stock Market0 comment

Share price of FMCG company Dabur surged 1.5 percent higher as the company reported market share gain across 95 percent of its portfolio in Q2FY23 and also announced an acquisition to expand its food business. At 10 am, the stock was quoting R s 541 on the National Stock Exchange, up by 1.6 percent. In 2022 so far, the stock has declined 6.7 percent while the Nifty FMCG index has advanced 16.52 perce The homegrown FMCG major on Wednesday reported a 2.85 percent decline in its consolidated net profit to…

PM Modi to visit Kedarnath-Badrinath today, tight security in place.

October 21, 2022 Administrator_IndiaBusiness Market, Forex, GDP, Stock, Stock Market0 comment

Prime Minister Narendra Modi will visit Kedarnath and Badrinath today during which he will inspect various ongoing development works and also lay foundation stones for some new projects. In view of the visit, security arrangements have been tightened in the area, an official said. While the officials are busy finalizing the preparations for the two-day program of the prime minister, the priests of both the Dham and the devotees are also excited by his arrival. Both Kedarnath and Badrinath temples are decorated with many quintals of flowers. The Prime Minister…

Gold Prices Creep Higher as USD Retreats, Hawkish Fed Caps Gains.

October 19, 2022 Administrator_IndiaBusiness Market, Forex, GDP, Stock, Stock Market0 comment

Gold prices rose slightly on Wednesday, extending mild gains into a third session as pressure from the dollar abated, although hawkish signals from Federal Reserve officials prevented further gains. Spot gold rose 0.1% to $1,653.49 an ounce, while gold futures rose 0.2% to $1,658.90 an ounce by 19:20 ET (23:20 GMT). Both instruments spent a second day above the key support level of $1,650, tracking a decline in the dollar. The dollar index is trading down over 1% this week, as risk appetite improved on a series of strong earnings on Wall…

Oil prices rise on supply woes.

October 19, 2022 Administrator_IndiaBusiness Market, Forex, GDP, Stock, Stock Market0 comment

Oil prices rose in early Asian trade on Wednesday, paring losses from the previous session, as concern over tight supplies following reports of lower inventories in the United States offset fears of lower demand from top oil importer China. Brent crude futures rose 73 cents, or 0.8%, to $90.76 a barrel by 0100 GMT. U.S. West Texas Intermediate crude was at $83.95 a barrel, up $1.13, or 1.4%. WTI’s front-month contract expires on Thursday. Brent and WTI touched two-week lows and tumbled 1.7% and 3.1%, respectively, in the previous session…

Oil Prices Tread Water Between Tightening Supply, Recession Fears.

October 18, 2022 Administrator_IndiaAsia Stock Market, Business Market, GDP, Stock0 comment

Oil prices were muted on Tuesday as markets weighed signs of tightening crude supply against increasing fears that a global economic slowdown will erode crude demand this year. Crude markets marked a slow start to the week, retaining most of last week’s losses amid growing signs that the United States will enter a recession within the next 12 months, according to Bloomberg economists. The dismal forecast comes amid rising inflation in the country, with steep interest rate hikes by the Federal Reserve done little so far to soothe price pressures.…