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Silver (XAG/USD) holds steady around the $51.45 region during the Asian session on Tuesday, nearly unchanged for the day. Meanwhile, the broader technical setup favors bullish traders and backs the case for an extension of the recent bounce from a two-week low, around the $48.65-$48.60 zone, touched last Friday.On the 4-hour chart, the XAG/USD stands above the rising 200-period Exponential Moving Average (EMA), currently pegged around the $49.35-$49.30 region, which supports the recovery and keeps the near-term bias pointing higher. Furthermore, the Moving Average Convergence Divergence (MACD) rises above the Signal line and sits in positive territory, while the histogram…

Gold price (XAU/USD) attracts some buyers to around $4,140 during the early Asian session on Tuesday. The precious metal rises on growing expectations of a US Federal Reserve (Fed) interest rate cut in the December policy meeting. Traders await the release of the US ADP Employment Change Weekly, Retail Sales, and Producer Price reports, which are due later on Tuesday. Several Fed officials signalled support for a December rate reduction, which underpins the yellow metal. Fed Governor Christopher Waller said on Monday that available data showed the US job market remains weak enough to warrant another quarter-point rate cut at the Fed’s…

The GBP/USD pair remains subdued on Monday during the North American session, trading unchanged at around 1.3088 as traders await the release of the UK’s budget amid a shortened week due to the US Thanksgiving holiday.Sterling stays muted with DXY steady above 100, markets brace for a heavy US data slate and UK fiscal tighteningThe US Dollar (USD) remains solid as depicted by the US Dollar Index (DXY), which measures the buck’s performance against six currencies. The DXY is flat at 100.21, capped by fears of a possible Japanese intervention in the FX markets.Federal Reserve (Fed) Governor Christopher Waller supports…

The Japanese government, which pursued reflationary policies for two decades, has just introduced a fiscal package aimed at alleviating the burden of recent – yep, _too high_ inflation. While this may sound paradoxical, it is actually not all that surprising, Commerzbank’s Head of FX and Commodity Research Thu Lan Nguyen notes. BoJ faces tightrope as inflation exceeds 3-year target”Firstly, the tolerance of a society that has experienced nothing but deflation or minimal inflation for such an extended period is understandably low when it comes to a more prononunced rise in prices. The protest from the population during the post-pandemic inflation surge was…

The Indian rupee posted its biggest one-day gain in a month on Monday as central bank intervention helped it rebound from near its all-time low, even as traders expect the currency to tilt more towards depreciation in the near-term.The rupee ended at 89.23 against the U.S. dollar, up 0.3% from its close at 89.48 in the previous session. The currency has declined more than 4% so far in 2025 and hit an all-time low of 89.49 on Friday.While the central bank’s presence blunted the immediate pressure on the currency, market participants anticipate a continuing downward bias for the rupee in…

The government bond market was jolted on Friday after a rare data mishap involving the Reserve Bank of India triggered a sharp, unexpected selloff. The 10 year yield rose 4 basis points from 6.52% to 6.56%, post 3 pm largely due to rupee depreciation, where it broke the psychologically significant 89 per dollar level to close at 89.49 on Friday.Volatility spiked in the second half of trading as the rupee weakened sharply, but shock came when a newswire published the central bank’s Weekly Statistical Supplement ahead of schedule, showing the RBI had sold more than Rs 14,000 crore of government…

At the interbank foreign exchange, the rupee opened strong at 89.46 and moved in the range of 89.05 and 89.50 during the day. It eventually settled at 89.20 (provisional), up 46 paise from its previous close. | Photo Credit: istock.com The rupee rebounded sharply by 46 paise to settle at 89.20 (provisional) against the greenback on Monday, due to US dollar selling by banks and importers amid a dip in global crude oil prices.At the interbank foreign exchange, the rupee opened strong at 89.46 and moved in the range of 89.05 and 89.50 during the day. It eventually settled at…

Gold price analysis suggests a consolidation near $4,050 amid dollar strength and geopolitics. Markets await delayed US data releases as the Fed remains uncertain on rate cut policy. Technically, the price stays within trendlines, awaiting a catalyst for a breakout. Gold price extended its downside on Monday, marking a pullback over the past three sessions as market participants reassessed shifting Fed expectations and a stronger dollar. The precious metal is hovering under $4,050 at the time of writing, as the Dollar Index remains close to 6-month highs. A firmer dollar remains a dominant headwind, making bullion expensive for international buyers.…

Gold (XAU/USD) maintains its offered tone through the early European session on Monday, though it lacks follow-through and currently trades just above the $4,050 level, down 0.35% for the day. The recent mixed signals from US Federal Reserve (Fed) officials keep the door open for another interest rate cut in December, which, in turn, fail to assist the US Dollar (USD) to build on its recent gains. Apart from this, persistent geopolitical uncertainties  stemming from the intensifying Russia-Ukraine war and fresh conflicts in the Middle East turn out to be key factors underpinning the safe-haven commodity.Traders also seem reluctant and…

The rupee rebounded on Monday from record lows, rising 49 paise to 89.17 against the greenback in early trade on US dollar selling by banks and a dip in global crude oil prices. A positive opening in the domestic equity markets and intervention by the Reserve Bank of India (RBI) lent support to the domestic unit, according to forex traders. The rupee opened at 89.46 against the greenback before rising to 89.17, up 49 paise from its previous close.The rupee plunged 98 paise to close at its lifetime low of 89.66 against the US dollar on Friday, due to a…