USD/INR Edges Lower as Possible RBI Intervention Limits Upside
Facebook LinkedIn Indian Rupee (INR) Recovers from Record Low; RBI Intervention and Global Factors in Focus The Indian Rupee (INR) staged a recovery on Tuesday after hitting a record low in the previous session, supported by potential intervention from the Reserve Bank of India (RBI). However, the rupee’s gains remain capped as broad-based demand for […]
Gold prices maintain modest gains but lack strong bullish momentum amid the Federal Reserve’s hawkish stance
Facebook LinkedIn Gold Price (XAU/USD) Gains Traction Amid Geopolitical Risks but Faces Headwinds from Fed’s Hawkish Stance Gold prices (XAU/USD) extended their recovery from the $2,615-$2,614 support zone during the Asian trading session on Tuesday, showing modest positive momentum. The precious metal benefits from its status as a hedge against inflation, fueled by expectations that […]
NZD/USD Rebounds Above 0.5600 Amid Reports of PBOC Signaling Rate Cuts
Facebook LinkedIn The NZD/USD pair rebounds slightly, trading near 0.5605 during the early European session on Friday. Support for the China-linked New Zealand Dollar (NZD) comes from expectations that the People’s Bank of China (PBoC) may lower its main interest rate this year. According to the Financial Times, the Chinese central bank plans to cut […]
Silver Price Prediction: XAG/USD Drops to Three-Month Low Around $29.50
Facebook LinkedIn Silver Prices Drop to Three-Month Low at $29.26 Amid Fed’s Hawkish Outlook Silver prices (XAG/USD) hit a three-month low of $29.26 per troy ounce on Thursday, extending their decline for a sixth consecutive session. The grey metal has depreciated over 3% since the Federal Reserve’s (Fed) interest rate decision on Wednesday, signaling further […]
AUD/USD drops to new yearly lows near 0.6300 as market focus shifts to the Federal Reserve.
Facebook LinkedIn AUD/USD Hits One-Year Low Near 0.6300 as Market Awaits Fed Decision The Australian Dollar (AUD) has dropped to a fresh one-year low, trading near 0.6300, edging closer to last year’s bottom of 0.6270. This decline reflects the risk-averse sentiment in global markets, with traders adopting a cautious stance ahead of the Federal Reserve’s […]
Gold Struggles to Attract Buyers as US Bond Yields Stay High; Focus Shifts to FOMC Decision
Facebook LinkedIn Gold Prices Edge Lower Amid Cautious Market Sentiment Gold prices (XAU/USD) faced renewed selling pressure after briefly climbing to the $2,652 level during the Asian session, though they remain above the one-week low recorded on Tuesday. Market expectations that the Federal Reserve (Fed) may adopt a cautious approach to cutting interest rates have […]
USD/INR Surges as Record Trade Deficit Pushes Indian Rupee to New All-Time Low
Facebook LinkedIn Indian Rupee Nears Record Low Amid Rising US Yields and Weak Chinese Yuan The Indian Rupee (INR) weakened on Tuesday, edging closer to a fresh record low as global factors, including rising US Treasury bond yields and weakness in the Chinese Yuan, weighed on the local currency. Additionally, a widening merchandise trade deficit […]
Gold Price Steady Above One-Week Low on Weakening USD; Gains Remain Capped
Facebook LinkedIn Gold Prices Struggle Amid Fed Rate Speculation and Key Economic Events Gold (XAU/USD) prices are facing challenges as they attempt to recover from a one-week low near the $2,644-$2,643 range, hit during the Asian trading session on Monday. The precious metal’s inability to gain significant traction stems from growing expectations that the Federal […]
EUR/USD Struggles Near 1.0460 as ECB-Fed Policy Divergence Weighs
Facebook LinkedIn EUR/USD Slides to Three-Week Low Amid Bearish Sentiment The EUR/USD pair remained under pressure during Friday’s Asian session, touching a near three-week low around the 1.0455 mark. A combination of factors continues to weigh on the shared currency, signaling that the downtrend may persist. ECB Dovish Stance and Eurozone Weakness Drag the Euro […]
EUR/JPY Price Outlook: Maintains Uptrend Within Ascending Channel Above 160.00
Facebook LinkedIn EUR/JPY Gains for Fourth Day as BoJ Signals Steady Rates, ECB Decision in Focus The EUR/JPY pair is trading in positive territory for the fourth consecutive day, hovering around 160.35 during the early European session on Thursday. The Japanese yen (JPY) remains under pressure after Reuters reported that the Bank of Japan (BoJ) […]