Author: admin

Silver price gains further to near $42.40 as the Fed has signaled two more interest rate cuts this year.On Wednesday, the Fed reduced interest rates by 25 bps to 4.00%-4.25%.Investors await Fed’s Daly speech scheduled at 18:30 GMT.Silver price (XAG/USD) extends its Thursday’s upside move to near $42.40 during the European trading session on Friday. The white metal strengthens as the Federal Reserve (Fed) has started the monetary-easing campaign amid growing United States (US) labor market concerns.On Wednesday, the Fed reduced interest rates by 25 basis points (bps) to 4.00%-4.25% and signaled through its dot plot that there would be…

The Euro dips to fresh session lows below 1,1750 after ECB Centeno’s dovish comments.Stronger-than-expected US jobless claims and manufacturing activity figures have underpinned the US Dollar’s recovery.In Europe, France’s growing political unrest increases pressure on the Euro.EUR/USD is heading lower for the third day in a row, trading at 1.1765 at the time of writing on Friday, down from the four-year highs above 1.1900 hit earlier this week. Strong US macroeconomic data has provided additional support to the US Dollar, while in Europe, the political unrest in France and dovish comments by ECB’s Centeno have added pressure on the Euro…

Dow Jones futures lose some ground ahead of the US market open on Friday.US stock indices reached record highs on market optimism, driven by the Fed’s signal of two more cuts this year.Tech stocks powered Thursday’s rally, driven by Intel’s 23% surge after Nvidia announced a $5 billion chip co-development investment.Dow Jones futures lose 0.13%, with trading around 46,450 during European hours on Friday, ahead of the opening of the United States (US) regular session. Moreover, the S&P 500 futures decline 0.16% to remain below 6,700, while Nasdaq 100 futures fall 0.11% to trade near 24,650.US index futures edge lower…

The Pound picks up from weekly lows against the Yen following BoJ Ueda’s conference. solid UK consumption data.The Yen Jumped earlier on Friday, after a hawkish hold by the Bank of Japan.UK Retail Sales beat forecasts amid a strong increase in clothing, non-store retail, and specialist food shops.The British Pound bounced up from weekly lows near 199.35 and returned above 199.50 as the Yen gave away some of its previous gains after BoJ Governor Ueda’s press conference. In the UK, upbeatrt retail sales figures have contributed to providing some support to the Pound.Ueda said that the economy remains resilient despite…

Key support is placed at 87.70 — a sustained break below this level could open the way toward 87.50 and, if momentum builds, even 87.20 | Photo Credit: Bloomberg The rupee witnessed range-bound trading in morning deals on Friday and depreciated 7 paise to 88.27 against the US dollar, dragged lower by broad dollar strength and a negative trend in domestic equities. Forex traders said the recovery in the US dollar capped the upside for the domestic unit. Moreover, worries over US tariffs on India dented investor sentiments further. At the interbank foreign exchange market, the rupee opened at 88.22,…

Bundles of 500 rupee banknotes at a currency exchange in New Delhi MumbaiThe rupee snapped a four-day winning streak on Thursday, closing a about 31 paise weaker, as the dollar strengthened after the US Fed resumed its rate cut cycle with a 25 basis points cut.The Indian currency (INR) ended the trading session at 88.1275 per US dollar (USD) against the previous close of 87.8150. In the previous four trading sessions ending September 17, INR had appreciated by a cumulative 63 paise, buoyed by expectations that the US Fed will re-start its rate cut cycle and positive sentiment around ongoing…

Rupee hit with a much higher tariff by the US compared to most other emerging economies The Indian rupee experienced one of its most challenging periods in recent memory in 2025 as it was hit with a much higher tariff by the US compared to most other emerging economies. This has resulted in the rupee sliding sharply against all major currencies, including the euro, yen and British pound. The Indian currency is also the worst performer so far this year, compared to other EM currencies. Weak against all major currenciesThe rupee’s 2.71 per cent depreciation against the dollar is much discussed. But…

The rupee depreciated 28 paise to close at 88.13 (provisional) against the US dollar on Thursday, on a hawkish Fed and a bounce back in the US dollar.Forex traders said traders assessed the US FED outlook following a rate cut. The US FED reduced rates by a quarter point as expected and indicated that it will steadily lower borrowing costs for the rest of the year.Moreover, the rupee remained under pressure on worries over US tariffs on India and global trade uncertainties. Besides, sustained foreign fund outflows also dented investor sentiments.At the interbank foreign exchange, the rupee opened at 87.93…

The Euro corrects lower as the US Dollar firms up following the Fed’s interest rate decision.The US central bank cut rates as expected and hinted at further easing, with policymakers split about the rate path.A moderate risk appetite might hold the US Dollar’s recovery on Thursday.EUR/USD is trading lower for the second consecutive day on Thursday, moving right below 1.1800 at the time of writing, down from long-term highs past 1.1900 on Wednesday. The US Dollar bounced up during the late American session after an immediate bearish reaction to the Federal Reserve (Fed) monetary policy decision.The US central bank met market…

Dow Jones futures climb on expectations the Fed could deliver 50 bps of easing before year-end.Fed Chair Jerome Powell struck a cautious tone, stressing there is no urgency to speed up easing.US major banks cut their prime lending rates after the Fed’s rate reduction.Dow Jones futures gain 0.35% to trade around 46,200 during European hours on Thursday, ahead of the opening of the United States (US) regular session. Moreover, the S&P 500 futures advance 0.48% to move above 6,600, while Nasdaq 100 futures surge 0.68% to trade near 24,400.US stock futures rise after the first rate cut of this year…