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Gold (XAU/USD) accelerated its recovery on a holiday-thinned session on Friday, with markets in Japan and China closed for the New Year festivities. The precious metal is 1.75% up on the day, reaching levels near $4,400, after bouncing from $4,274 earlier this week.A combination of market expectations of lower interest rates in the US and growing geopolitical frictions has underpinned support from precious metals over the last few sessions. Russia has announced the revision of its stance at the peace talks with Ukraine, after an alleged drone attack in one of President Vladimir Putin’s residences, while US President Trump has…
The US Dollar is trading practically flat against the Swiss Franc, right below the 0.7940 line, ahead of the US session opening on Friday, The pair has edged up from three-month lows at the 0.7860 area in late December, but it closed the 2025 year with a more than 12% decline.A combination of market concerns about Trump’s trading policies, with signs of lower economic growth and high inflation in the US economy, and the unprecedented attacks from US President Donald Trump on the Federal Reserve, has weighed heavily on the US Dollar over the last months.Fed easing hopes keep US…
EUR/USD extends losses on Friday’s European session, trading at the 1.1730 area at the time of writing after having peaked at above 1.1800 in late December. The disappointing manufacturing activity figures in the Eurozone and some of its main economies have increased bearish pressure on the Euro, in an otherwise calm New Year’s session.From a wider perspective, however, the pair remains at a relatively short distance from the three-month highs at 1.1808 seen right before Christmas. The US Dollar USD) depreciated about 14% against the Euro in 2025, weighed by market concerns about US President Donald Trump’s erratic trade policies,…
The Pound has been rejected at 1.3475 on the early London trading session on Friday, and retreated to session lows at the 1.3450 area at the time of writing. The pair has turned negative on the daily chart following the downward revision of the UK’s December $&P Global Manufacturing PMI, but remains within the weekly range, above 1.3400.UK Manufacturing PMI figures released earlier on Friday revealed that the sector’s activity grew at a slower pace than previously estimated. The final reading has been revised to 50.6 from the preliminary estimation of 51.2, but remains above the 50.0 level that divides…
The Indian rupee slipped below the 90-mark and settled the day lower by 22 paise at 90.20 (provisional) against the US dollar on Friday, amid disappointing macroeconomic data and strengthening of the American currency in overseas markets. Forex traders said persistent foreign fund outflows and strong dollar demand from importers further dented investor sentiment. However, weak crude oil prices and a surge in the domestic equities cushioned the downside, they said, adding that any intervention by the RBI may support the rupee at lower levels. At the interbank foreign exchange, the local unit opened at 89.95 against the dollar, and…
The Indian rupee ended lower on Friday, breaking below the critical 90-per-dollar mark and logging a second straight weekly decline amid persistent year-end dollar demand.The rupee opened slightly firmer at 89.93 and held above 90 early on, supported by dollar sales from state-run banks, traders said.It later slid through the 90 level and closed 0.3% weaker at 90.1950, its lowest close in two weeks.Heavy dollar demand from oil importers weighed on the currency through the session, while a U.S. holiday on Thursday thinned liquidity and amplified moves, traders said.For the year-crossing week, the rupee fell 0.4% in thin trade, after…
The EUR/GBP extended losses for the third day in a row, although it remains trapped within a tight range, roughly between 0.8700 and 0.8740, in the aftermath of a series of downbeat manufacturing activity data releases in the Eurozone and the UK.Eurozone’s final HCOB Manufacturing PMI revealed that the sector’s activity contracted at a faster-than-expected pace in December. The final reading has been revised to 48.8 from the preliminary estimation of 49.2 in December. These figures follow a 49.6 reading seen in November and the 50.0 in October, and highlight a declining contribution of manufacturing activity in the region’s GDP.German…
Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $74.51 per troy ounce, up 4.07% from the $71.59 it cost on Thursday.Silver prices have increased by 4.82% since the beginning of the year.Unit measureSilver Price Today in USDTroy Ounce74.511 Gram2.40The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, stood at 58.89 on Friday, down from 60.32 on Thursday. Silver FAQs Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange.…
The Australian Dollar is the best performer among major currencies in an otherwise calm start tobe the year. The Aussie appreciates nearly 0.5% against the US Dollar in the daily chart, so far, buoyed by a positive market sentiment and heightened hopes that the next move by the Reserve Bank of Australia (RBA) will ber a rate hike.The hawkish comments by RBA Governor Michelle Bullock, after the December 9 monetary policy decision, and the minutes of the meeting, revealed that policymakers’ concerns about inflation have taken center stage, and that the possibility of a rate hike was at the table…
USD/CAD posts little losses, trading around 1.3700 during the European hours on Friday. The technical analysis of the daily chart shows an upside breakout above a bullish descending wedge pattern. The 14-day Relative Strength Index (RSI) at 35.12, below the midline, reflects weak momentum after an uptick from sub-30 readings.The USD/CAD pair remains below the 50-day Exponential Moving Average (EMA) and marginally under the nine-day EMA, keeping bears in charge. Both averages slope lower, with the short-term line flattening near the spot price.The USD/CAD pair reaches fresh five-month low of 1.3642 on December 26. Further declines would drag the pair…