Harriet

Indian shares traded lower on Friday to extend losses for a fifth day running as U.S. rate worries lingered and oil prices jumped more than 3 percent on signs of escalating tensions in the Middle East, following reports of Israeli strikes on Iran. The benchmark S&P BSE Sensex dropped 515 points,

The oil market continues to be supported by ongoing tensions in the Middle East. The lack of price action following recent escalation has been surprising but suggests there already is a large risk premium priced into the market. Even so, there is still plenty of risk facing the market. The risk of d

NZD/USD pair holds positive ground around 0.5905 following New Zealand inflation data. The New Zealand CPI inflation rose to 0.6% QoQ in Q1 from 0.5% in the previous reading, as expected. Powell said recent data have not given Fed greater confidence, likely to take longer than expected to achieve it

Following today's mixed bag of employment and wages data, tomorrow’s attention is directed to the March UK CPI inflation release, scheduled to air at 7:00 am GMT+1. Estimates Suggest Further Disinflation Both headline and core (excludes food, energy, tobacco and alcohol) measures have surprised to t

The daily EUR/JPY chart reveals a cautiously optimistic tone, despite a somewhat weakened RSI. Indicators on the hourly chart also suggest weakening buying momentum. If bulls fail to recapture the 20-day SMA, additional downside may be incoming. The EUR/JPY pair is currently trading at 163.80, indic

Gold Gold keeps firm tone in early Monday, despite strong pullback from new record high ($2431) in late Friday trading. Growing geopolitical tensions and fears of escalation of the conflict in the Middle East continue to fuel demand for safe haven bullion, with strong buying from the central banks a

The UK economy posted a meagre growth in February, the Office for National Statistics reported Friday. Real gross domestic product edged up 0.1 percent on a monthly basis in February, following a revised 0.3 percent expansion in January. The growth came in line with expectations. In February, servic

Following the notable rebound seen in the previous session, treasuries showed a substantial move back to the downside during trading on Wednesday. Bond prices fell sharply early in the session and saw further downside as the day progressed. As a result, the yield on the benchmark ten-year note, whic