Welcome to the NYMEX Market tracker, we constantly support traders to analyze the rise and fall of the market for ten categories on the daily basis. We analyze and display the beginning value of the market on the morning updates and the Ending value on the evening updates. We examine the everyday trends for these categories and flash them as push notifications in our mobile applications and our success rate is above 80 percent. Play Store
On Wednesday, gold prices held steady near a three-month high on the international markets as reports of Russian missiles killing two people in Poland increased demand for safe-haven assets, and signs of slowing US inflation increased bets for lower rate hikes. Gold was unchanged at $1,776.50 an ounce after reaching its highest level since August…
The dollar fell as a result of lower-than-expected inflation in the U.S., and the rupee strengthened by 100 paise to settle at 80.81 versus it. The widest opening disparity in over a decade was 110 paise greater than 80.71 when the currency was introduced. Before finishing at 80.81, 100 paise higher, according to Reuters, it…
The instructions that will encourage rupee settlement in international trade were announced by the commerce ministry on Wednesday. According to trade analysts, in some situations, it will allow exporters to receive the benefits stated by the foreign trade policy even if the export realization is in the domestic currency instead of the dollar. The Directorate…
Gold prices were little changed on Wednesday in the international markets, remaining close to a one-month high achieved in the previous session. gold was down 0.1% at $1,709.80 per ounce. US gold futures decreased by 0.1% to $1,714.10. On the Multi-Commodity Exchange (MCX), gold contracts were trading 0.16% higher at Rs 51,545 for 10 grams…
Early on Tuesday, oil prices barely changed as concerns about supply outweighed concerns about the economy and China’s adherence to its zero-COVID policy. U.S. West Texas Intermediate (WTI) crude increased 7 cents, or 0.1%, to $91.86 per barrel while Brent crude increased 7 cents, or 0.1%, to $97.99 a barrel by 0155 GMT. On Monday,…
The volatility in the global equity markets, the stability of oil prices at $95 per barrel, and the strength of the dollar, the Indian Rupee is likely to remain stable. On Friday, the USDINR pair opened a little higher and is forecast to move in a range of 82.50 and 83.30. Following the US Federal…
In anticipation of the US Fed meeting, the Indian rupee is anticipated to trade range-bound and flat on Wednesday. The USDINR pair is anticipated to trade in a band of 82.45-82.83 throughout the day. In the previous session, the rupee gained value relative to the US dollar as the latter dropped from its high points….
Last week, the rupee recovered to 82.34 levels after hitting a new record low in the futures market due to the weakening of the dollar and the increase in risk appetite in domestic markets. The expectation that the Fed could pause the pace of rate hikes after its November meeting caused the dollar to lose…
On Friday, the Indian Rupee is anticipated to strengthen versus the US dollar due to the dollar’s decline and the strength of Asian and EM counterparts. Additionally, it is anticipated that the US Fed will weaken its aggressive rate-hiking strategy starting in December, which will boost the rupee. The dollar index has decreased this week…
Foreign exchange reserves decreased by $4.5 billion after barely increasing the week before. For the week ending October 14, according to information issued by the Reserve Bank of India, the reserves were $528.4 billion. Due to foreign currency assets and gold reserves, the reserves decreased. Since July 29, forex reserves have been falling, with the…
