The USD/CAD pair is holding steady below the 1.4500 level, with the US PCE Price Index expected to provide new momentum.
Facebook LinkedIn USD/CAD Steady Below 1.4500 as US PCE Price Index Set to Drive Momentum The USD/CAD currency pair is currently finding support around the 1.4470 level during Friday’s Asian trading session. It appears to have halted the previous day’s decline from its highest point since March 2020. Spot prices are trading just below the […]
Gold prices in India have increased today.
Facebook LinkedIn Gold Prices in India See an Upswing on Thursday Gold prices in India moved higher on Thursday, with the rate per gram reaching INR 7,688.76, up from INR 7,667.66 on Wednesday. The price per tola also saw an increase, rising to INR 89,680.16 from INR 89,434.10. Below is a quick snapshot of the […]
EUR/USD Struggles for Stability Ahead of Crucial Fed Interest Rate Decision.
Facebook LinkedIn EUR/USD Holds Steady Near 1.0420 as Markets Await Fed Interest Rate Decision The EUR/USD pair remains cautious, trading near 1.0420 during Wednesday’s European session, as investors await the highly anticipated Federal Reserve (Fed) monetary policy announcement at 19:00 GMT. The Fed is widely expected to keep interest rates unchanged within the 4.25%-4.50% range, […]
Australian Dollar Weakens Amid Trump’s Tariff Plans on US Imports.
Facebook LinkedIn Australian Dollar Slides as Trump’s Tariff Threats Weigh on Market Sentiment The Australian Dollar (AUD) continued its downward trend against the US Dollar (USD) on Tuesday, marking its second consecutive day of decline. The AUD/USD pair’s weakness is primarily driven by escalating trade tensions, following tariff threats from US President Donald Trump. The […]
Gold Price Outlook: XAU/USD Slips to Around $2,765 Amid Renewed US Dollar Strength
Facebook LinkedIn Gold Price Forecast: XAU/USD Dips to $2,765 Amid Strengthening US Dollar Gold prices (XAU/USD) slipped to approximately $2,765 during the early Asian session on Monday, as renewed demand for the US Dollar (USD) applied downward pressure. Despite this decline, the downside for the precious metal may remain limited due to market caution and […]
USD/INR Declines Following Mixed Indian PMI Data.
Facebook LinkedIn Indian Rupee Strengthens Amid Mixed PMI Data and Crude Oil Price Decline The Indian Rupee (INR) showed strength on Friday, trading in positive territory following the release of mixed economic data. According to the latest HSBC India PMI figures, the Manufacturing Purchasing Managers Index (PMI) rose to 58.0 in January from 56.4 in […]
Pound Sterling trades cautiously as traders anticipate a Bank of England interest rate cut next month.
Facebook LinkedIn The Pound Sterling (GBP) is trading cautiously against its major counterparts on Thursday, influenced by the higher-than-expected UK Public Sector Net Borrowing in December. The Office for National Statistics (ONS) reported that increased borrowing costs and a one-off payment for military accommodation boosted the budget deficit. This could prompt UK Chancellor of the […]
EUR/USD trades cautiously as investors evaluate the impact of Trump’s tariffs.
Facebook LinkedIn EUR/USD slides towards 1.0400 in Thursday’s European session as the US Dollar strengthens. The US Dollar Index (DXY), which measures the Greenback’s performance against six major currencies, continues its recovery, rising to nearly 108.40 from Wednesday’s two-week low of 107.75. The US Dollar rebounds as market sentiment turns more cautious, with investors weighing […]
India Gold Price Today: Gold Declines
Facebook LinkedIn India Gold Price Today: A Slight Dip in Rates Gold prices in India witnessed a slight decline today. The price of gold per gram currently stands at ₹7,648.10, a decrease from ₹7,657.10 recorded on Wednesday. Similarly, the price per tola dropped to ₹89,205.98 from the previous day’s ₹89,310.95. Here’s a quick breakdown of […]
The US Dollar remains steady amid ongoing selling pressure following further tariff discussions.
Facebook LinkedIn US Dollar Index Stays Flat Amid Persistent Selling Pressure and Tariff Concerns The US Dollar Index (DXY), which measures the Greenback’s performance against a basket of six major currencies, held steady just below the 108.00 level during the European trading session on Wednesday. Selling pressure continued to weigh on the Dollar following comments […]