The Indian Rupee (INR) extends its winning streak against the US Dollar (USD) for the third trading day on Tuesday. The USD/INR pair falls to near 95.65 as a further decline in oil prices has strengthened the Indian currency.In the opening trade, the … [Continue reading]
Brent: Price slide reflects de-escalation hopes – Commerzbank
Commerzbank strategist Charlie Lay, notes Brent Oil tumbled 8.7% to USD 88.36, reversing much of last week’s surge as US–Iran tensions eased and markets priced in de-escalation. Lay stress that shipping through the Strait of Hormuz remains … [Continue reading]
WTI consolidates near one-week low, around $81.00 as traders eye US–Iran talks
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – is seen consolidating the previous day's heavy losses and trading around the $81.00 mark, just above a one-week high set during the Asian session on Tuesday. Traders now seem hesitant … [Continue reading]
Singapore Dollar: Hawkish MAS supports SGD against US Dollar – MUFG
MUFG’s Lloyd Chan notes that the Monetary Authority of Singapore (MAS) delivered a second consecutive tightening by slightly increasing the Singapore Dollar (SGD) Nominal Effective Exchange Rate (NEER) slope, reinforcing SGD resilience. Despite … [Continue reading]
The Dow Jones Industrial Average buys a peace nobody has signed, and the chips take it back
The Dow Jones Industrial Average trades near 52,200, up around 250 points, after a session that handed it the month's cleanest bullish catalyst and then took most of it back. The peace bid carried the index to just short of 52,600 before a … [Continue reading]
Ripple Price Forecast: XRP recovery outlook dims amid fading demand
Ripple (XRP) maintains narrow range trading on Monday, with support at $1.10. The token's upside remains largely constrained, as major moving averages trend downward, aligning with low demand in both the institutional and retail markets.XRP cooling … [Continue reading]
Forex Today: US and Iran halt strikes, boosting mood to start Fed week
Here is what you need to know on Monday, July 27:Markets turn risk-positive at the beginning of the new week as investors cheer the news of the United States (US) and Iran halting strikes. In the second half of the day, the US economic calendar will … [Continue reading]
United States Dollar Index falls to near 101.00 after US-Iran strike halt
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground after posting minor losses in the previous trading day, trading around 101.20 during the Asian session on Monday.The Greenback … [Continue reading]
CFTC Report: A split tape; bearish FX conviction, selective covering and a crude reversal
The week in one sentence. Speculators rebuilt their bearish conviction in JPY and EUR, kept selling AUD, and continued covering GBP, while WTI delivered the cleanest positive turn as both positioning and price moved sharply higher.A more defensive … [Continue reading]
World Foundation raises over $52M in token sale as World Network marks third anniversary
World Foundation, the nonprofit organization behind World Network, has raised $52.5 million through a strategic sale of its WLD token as the project marks three years since its mainnet launch.The funding round was led by Pantera Capital and included … [Continue reading]