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
The Reserve Bank of India (RBI) reported that for the week ending May 17, forex reserves increased by $4.5 billion to an all-time high of $648.7 billion. The week ending May 17 saw an increase in the rupee of 17 paise, or 0.20%. The entire Forex kitty has increased for the past three weeks running….
The simmering geopolitical concerns in West Asia and the hardening of US Treasury yields caused the rupee to fall to an all-time closing low of 83.54 against the dollar on Tuesday. During intraday trading, the local currency fell to a record low of 83.56, but the Reserve Bank of India (RBI) probably intervened to stop…
A tighter outlook for the crude markets was presented by indicators of reduced stockpiles and disruptions in fuel supply, which caused oil prices to rise in Asian trade on Monday as prospects of an Israel-Hamas ceasefire lessened. Due to growing rumors of a Gaza ceasefire for the Muslim holy month of Ramadan, crude prices dropped…
Gold fell slightly yesterday, to settle at 65583, under the weight of a stronger U.S. currency and expectations for comments from the U.S. Federal Reserve Chair after the central bank’s policy meeting. With recent data indicating strong gains in U.S. consumer and producer prices, damping anticipation for early Fed rate cuts, the market anticipated clarity…
On Monday, the yen gained ground against the dollar as indications that the Bank of Japan will remove negative interest rates during its policy meeting the following week diverged from forecasts that the Federal Reserve will lower rates in June. The dollar index, which compares the dollar value to that of the yen and five…
For the week ending February 23, India’s foreign exchange reserves increased by USD 2.975 billion to USD 619.072 billion. The total reserves had decreased to USD 616.097 billion from USD 1.132 billion during the previous reporting week. The foreign currency assets rose by USD 2.405 billion to USD 548.188 billion during the week ending February…
Friday saw a decline in the majority of Asian currencies as the dollar held onto its overnight gains as signals of China’s ongoing economic deterioration mostly overshadowed hopes for a reduction in U.S. interest rates and inflation. China’s purchasing managers index (PMI) data through February indicated a slow recovery in economic activity, suggesting that the…
The inflow of foreign direct investment (FDI) into India fell 13% to $32.03 billion between April and December 2023. The fall was primarily caused by lower FDI into the computer hardware and software, telecom, auto, and pharmaceutical sectors. 36.74 billion dollars in foreign direct investment (FDI) came in over the same nine months of the…
The prediction for U.S. soybeans in 2023–2024 predicts lower ending stockpiles and slower exports as a result of weak shipments and intense competition with Brazil. In comparison to earlier projections, the soybean outlook for the 2023–2024 season in the United States points to a decline in soybean exports and a rise in ending stockpiles. In…
Following the release of India’s government budget, the rupee saw a small increase on Friday, although early gains on a decline in U.S. bond yields and upbeat sentiment were undermined by dollar demand from state-run banks and importers. The rupee’s previous close was 82.9650; it concluded at 82.9175 against the dollar. This week, the currency…
