XAU/USD Current price: $3,333.87An extended truce in the Middle East maintains financial markets optimistic.The United States will release the final estimate of the Q1 GDP on Thursday. XAU/USD holds on to familiar levels near weekly lows, resistance … [Continue reading]
USD/INR firms near 86.00 as US Dollar stabilizes
USD/INR steadies near 86.00, snapping a three-day losing streak after rebounding from 21-day EMA support near 85.80.The Indian Rupee weakens despite easing geopolitical tensions, as importer demand for the US Dollar and cautious risk sentiment cap … [Continue reading]
EUR/USD clings to gains on US Dollar weakness amid easing geopolitical tensions
The Euro remains steady near over three-year highs against the US Dollar, supported by a moderate risk appetite.Weak US data and higher hopes of Fed interest rate cuts are weighing on the US Dollar.EUR/USD maintains its positive tone with resistance … [Continue reading]
Top Crypto Gainers: SEI, SYRUP, APT eye further gains as investors focus on Made in America tokens
Sei extends the weekly run on Wednesday, hitting a new two-month high. Maple Finance records a new all-time high, nearing a channel breakout. Aptos ticks lower after two days of recovery, bouncing off the lower boundary of a falling … [Continue reading]
USD/CAD holds below 1.3750 on easing Middle East tensions
USD/CAD posts modest losses around 1.3725 in Wednesday’s early Asian session. Fed’s Powell said central bank will continue to wait and see how the economy evolves before deciding whether to cut its rate. Canada CPI inflation remained … [Continue reading]
Forex Today: Peace in the Middle East hopes spur market sentiment higher
The US Dollar (USD) extended near-term bearish momentum, falling sharply and extending into a four-day decline as investors settle into a comfortable risk-on stance, stepping out of the safe-haven Greenback and into riskier assets as investors bank … [Continue reading]
Bailey speech: Trade tariff impact on inflation is more ambiguous than impact on economic growth
While testifying before the Lords Economic Affairs Committee on Tuesday, Bank of England (BoE) Governor Andrew Bailey said the impact of trade tariffs on inflation is more ambiguous than the impact on economic growth, per Reuters.Key quotes"Big … [Continue reading]
Meme coins DOGE, SHIB and PEPE recover as Iran-Israel ceasefire holds
Dogecoin, Shiba Inu, and Pepe meme coins extend their gains on Tuesday after recovering more than 8%, 9% and 11%, respectively, on Monday.Derivatives data for DOGE, SHIB, and PEPE show a bullish bias as funding rates turn positive.The technical … [Continue reading]
Japanese Yen remains on the front foot against a weaker USD amid divergent BoJ-Fed expectations
The Japanese Yen builds on the overnight recovery from over a one-month low against the USD.The divergent BoJ-Fed policy expectations provide a goodish boost to the lower-yielding JPY.A broadly weaker USD exerts additional pressure and contributes to … [Continue reading]
Bitcoin, crypto market begin recovery as Israel and Iran agree to a ceasefire
The cryptocurrency market rebounded from a weekend dip, with Bitcoin, Ethereum, and XRP rising by 5%, 9%, and 7%, respectively. The recovery comes as President Donald Trump announced that Israel and Iran have agreed to a complete ceasefire.Iran … [Continue reading]