Solana-based meme coin launchpad Pump.fun has reportedly delayed its token auction again, now expected in mid-July.The auction, estimated at $4 billion, has faced multiple delays since 2024.VC firm DWF Ventures shared a detailed analysis for retail … [Continue reading]
Indian Rupee edges higher as Oil retreats, Equities jump, USD/INR holds ground
INR recovers slightly on Friday, lifted by gains in domestic Stocks and a softer US Dollar.Brent Crude Oil trims recent gains but holds a weekly rise of over 4% so far as Middle East tensions persist.Equity benchmarks Sensex and Nifty rally over 1% … [Continue reading]
Gold pulls back as Trump delays US involvement in Iran but Middle East tensions cap losses
Gold finds support from Trump’s Iran deadline, but US Dollar recovery limits gains.The US Dollar strengthens as markets balance safe-haven flows with evolving rate cut expectations.XAU/USD remains steady as Fed rate cuts are already priced in, but … [Continue reading]
JPY: Food prices continue to drive inflation – Commerzbank
Rice accounts for just 0.62% of the Japanese consumer price index, Commerzbank's FX analyst Volkmar Baur notes. Inflation in Japan stands at 3.5% in May"However, given that rice prices have risen by over 100% in the past 12 months, this has had a … [Continue reading]
GBP/JPY falls below 196.00, trims recent gains following poor UK Retail Sales data
GBP/JPY pared daily gains as UK Retail Sales declined by 2.7% MoM in May, worse than the expected 0.5% drop.The currency cross receives support from reports suggesting an easing of the US aggression on Iran.The Japanese Yen struggles due to ongoing … [Continue reading]
Japanese Yen struggles to capitalize on domestic inflation data-inspired uptick
The Japanese Yen attracts some buyers as strong domestic CPI reaffirms BoJ rate hike bets.Trade uncertainties and rising geopolitical tensions also benefit the JPY’s safe-haven status.A weaker USD contributes to the USD/JPY pair’s retracement slide … [Continue reading]
South Korea Producer Price Index Growth (YoY) fell from previous 0.9% to 0.3% in May
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
EUR/JPY steadies near 167.00 as markets weigh geopolitics and interest rates
EUR/JPY remains supported as the ECB leans dovish and the BoJ maintains an ultra-loose policy stance.EUR/JPY trades firm ahead of Japan’s inflation data.The Euro looks to Friday’s German PPI for directional cues, as weak prints could reinforce … [Continue reading]
Gold steadies amid US involvement in the Israel-Iran conflict, cautious Fed
Gold holds firm as traders balance safe-haven flows and Fed interest rate outlook.US-Iran tensions, Fed’s data-dependent stance, and Oil supply risks in the spotlight.XAU/USD trades sideways below $3,400 amid low volume on a US holiday.Gold (XAU/USD) … [Continue reading]
EUR/USD Forecast: Euro closes in on key support levels
EUR/USD struggles to gain traction, trades near 1.1450.The technical outlook points to a bearish tilt in the near term.Financial markets in the US will remain closed on Thursday.EUR/USD stays on the back foot early Thursday and trades modestly lower … [Continue reading]