Author: admin
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…
The rupee witnessed range-bound trade in the morning session on Friday, appreciating by 6 paise to 89.92 against the US dollar as thin liquidity conditions accentuated everyday demand-supply imbalances, keeping the rupee tilted toward weakness. Forex traders said the USD/INR pair is expected to trade in a narrow range as the 90 level is being protected by the Reserve Bank of India. Moreover, the support from positive domestic equities was offset by sustained foreign fund outflows.At the interbank foreign exchange market, the rupee opened at 89.95 against the US dollar, then gained some ground and touched 89.92, rising by six…
Forex traders said the USD/INR pair is expected to trade in a narrow range as the 90 level is being protected by the Reserve Bank of India. The rupee witnessed range-bound trade in the morning session on Friday, appreciating by 6 paise to 89.92 against the US dollar as thin liquidity conditions accentuated everyday demand-supply imbalances, keeping the rupee tilted toward weakness.Forex traders said the USD/INR pair is expected to trade in a narrow range as the 90 level is being protected by the Reserve Bank of India.Moreover, the support from positive domestic equities was offset by sustained foreign fund…
West Texas Intermediate (WTI) Oil price holds ground after registering modest losses in the previous trading session, hovering near $57.50 during the Asian hours on Friday. Traders are awaiting Sunday’s virtual meeting of the Organization of the Petroleum Exporting Countries and its allies (OPEC+), with expectations that the group will uphold its November decision to pause further production increases.Oil prices could edge higher on potential supply concerns amid escalating geopolitical tensions. Ukrainian drones reportedly struck Russian Oil facilities, while Russia and Ukraine exchanged accusations of civilian attacks on New Year’s Day, despite intensive talks overseen by US President Donald Trump…
The USD/JPY pair gains ground to near 156.75 during the early Asian session on Monday. The Japanese Yen (JPY) softens against the US Dollar (USD) as traders have been disappointed with the slow and cautious pace of the Bank of Japan’s (BoJ) monetary tightening. The BoJ raised its policy rate to 0.75% from 0.50%, the highest level in 30 years, at its December policy meeting. However, the Japanese central bank did not provide specific guidance on the pace of future hikes, which disappointed the market and weighed on the JPY. On the other hand, the US Federal Reserve (Fed) is expected to cut the interest…
The rupee depreciated 10 paise to close at 89.98 (provisional) against the US dollar on Thursday, the first trading session of 2026, as sustained foreign fund outflows and a negative trend in domestic equities dented investor sentiments. Forex traders said the USD/INR pair traded in a tight range, as support from easing crude oil prices was offset by a positive tone in the US dollar index and foreign fund outflows. The Indian rupee declined on the first day of the year, after registering a 5 per cent slump in 2025, as significant fund outflows kept dollar demand elevated and the…
The Indian rupee welcomed 2026 with a marginal decline, weighed down by dollar demand from corporates, while thin volumes in the first trading of the New Year curbed any major movements, according to traders.The rupee opened lower at 89.9525 per U.S. dollar on Thursday, against Wednesday’s close of 89.87. The currency moved in a narrow range before settling 0.1% down at 89.97.The rupee closed 2025 marking with a 4.72% decline for the year, its worst showing since 2022, when it dropped nearly 10%.Trading volumes were subdued due to New Year holidays in major markets, leaving routine flows as the primary…
On Wednesday, the last trading session of 2025, the rupee settled at 89.88 against the US dollar. The rupee started the new year on a negative note and depreciated 11 paise to 89.99 against the US dollar in early trade on Thursday weighed down by persistent foreign fund outflows.Forex traders said the rupee entered 2026 with both challenges and cushions, while global uncertainty persists, India’s strong macroeconomic parametres and ample forex reserves provide stability.At the interbank foreign exchange market, the rupee opened at 89.94 against the US dollar, then lost some ground and touched 89.99, registering a fall of 11…
The U.S. dollar ended 2025 with its steepest annual decline in eight years, falling about 8% amid expectations of deeper Federal Reserve rate cuts next year. The dollar ended 2025 with the sharpest annual retreat in eight years and investors say more declines are coming if the next Federal Reserve chief opts for deeper interest-rate cuts as anticipated. The Bloomberg Dollar Spot Index fell about 8% this year and traders are betting on further weakness. After tumbling in the wake of President Donald Trump’s tariff rollout in April, the greenback failed to rebound much in part on expectations that Trump will…
US equities pulled back modestly midweek, but the broader picture for investors remains one of a strong year nearing its conclusion. The S&P 500 slipped about 0.2% on Wednesday, matching declines in the Nasdaq Composite, while the Dow Jones Industrial Average fell roughly 0.5%. The market is on a mild three-session losing streak, yet the losses have done little to dent what has been an impressive annual performance. The S&P 500 is on track for a gain of roughly 17% in 2025, its third consecutive double-digit advance, while the Nasdaq has climbed about 21% on the back of sustained enthusiasm…