XRP rises slightly amid broad consolidation above $3.00 ahead of the Fed’s decision on interest rates.A sharp decline in derivatives market Open Interest hints at the changing market dynamics amid risk-off sentiment.XRP’s technical structure offers … [Continue reading]
AUD/USD: Likely to test 0.6500 – UOB Group
There is room for Australian Dollar (AUD) to test 0.6500 against US Dollar (USD); a sustained decline below this level is unlikely. In the longer run, upward momentum has dissipated, signs of building downward momentum; AUD is likely to edge lower, … [Continue reading]
USD/INR strengthens on upbeat US Dollar, FIIs selling in Indian markets
Indian Rupee extends its downside against the US Dollar as the former weakens due to FIIs selling in Indian markets.The US-EU tariff deal has strengthened the US Dollar.Investors await the Fed policy and a string of US economic data.The Indian Rupee … [Continue reading]
US Commerce Secretary Lutnick: Trump to impose tariffs on other nations by end of week
In a Fox News interview early Tuesday, US Commerce Secretary Howard Lutnick said that President Donald “Trump is expected to impose tariffs on other nations by end of week.”Additional quotes“The European Union (EU) to pay 15% tariff except for a few … [Continue reading]
Dow Jones Industrial Average struggles to hold onto gains ahead of critical week
The Dow Jones went in both directions on Monday.US GDP, Fed rate call, PCE inflation, earnings and NFP are all due this week."Magnificent Seven" earnings figures are also on the radar.The Dow Jones Industrial Average (DJIA) tested all-new record … [Continue reading]
Gold Price Forecast: XAU/USD flirts with $3,300 amid broad US Dollar strength
XAU/USD Current price: $3,310.10US trade deals and profit taking ahead of first-tier events fueled the US Dollar.The Federal Reserve will announce its decision on monetary policy on Wednesday.XAU/USD pressures the $3,300 level, aims to break below … [Continue reading]
US Dollar gains as US-EU deal eases trade tensions
The US Dollar begins the week on a firmer footing, supported by easing global trade tensions.A breakthrough US-EU trade agreement lifts market sentiment, reducing fears of a transatlantic trade war.The DXY US Dollar Index hovers around 98.25, holding … [Continue reading]
Japanese Yen adds to intraday losses; USD/JPY jumps to 148.30 area amid broad-based USD strength
The Japanese Yen continues losing ground against the USD and lifts USD/JPY to a one-week high.Diminishing odds for an immediate BoJ rate hike and the risk-on mood seem to undermine the JPY.Subdued USD price action might cap the pair ahead of the … [Continue reading]
USD/CAD remains subdued around 1.3700 due to increased risk appetite
USD/CAD struggles following a US-EU trade agreement, which has eased fears of a broader trade conflict.The US and EU have agreed to impose a 15% tariff on EU exports to the United States.President Trump does not expect a trade deal with Canada to be … [Continue reading]
AUD/USD gathers strength to above as traders await US-China trade talks
AUD/USD gains traction to around 0.6570 in Monday’s early Asian session. US and China are expected to extend the trade truce by 90 days, said SCMP.The Fed is anticipated to leave the interest rate unchanged on Wednesday. The AUD/USD pair … [Continue reading]