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The Income Tax Department on Sunday clarified that the due date for filing Income Tax Returns (ITRs) has not been extended beyond September 15, rejecting claims circulating on social media about a further extension.In a statement, the I-T department said that fake messages were being circulated suggesting that the deadline, originally due on July 31, 2025 and later extended to September 15, 2025, had been pushed to September 30.”A fake news is in circulation stating that the due of filing ITRs (originally due on 31.07.2025, and extended to 15.09.2025) has been further extended to 30.09.2025. The due date for filing…

ANZ Group on Monday agreed to pay A$240 million ($159.5 million), the Australian corporate regulator’s largest-ever penalties against a single entity, following systemic failures ranging from acting “unconscionably” in a government bond deal to charging deceased customers. “Time and time again ANZ betrayed the trust of Australians,” Australian Securities and Investments Commission (ASIC) Chair Joe Longo said. The penalties are a troubling milestone for Australia’s fourth-largest bank, which last week announced 3,500 job cuts as new CEO Nuno Matos looks to improve profitability.ANZ Chair Paul O’Sullivan told analysts and reporters on Monday the bank must make a significant change in…

India’s foreign exchange reserves rose by USD 4.038 billion in the week that ended September 5 to $698.268 billion, driven largely by a rise in gold reserves, the Reserve Bank of India (RBI) said in its latest ‘Weekly Statistical Supplement.’ The country’s foreign exchange (forex) kitty is hovering close to its all-time high of $704.89 billion, reached in September 2024. The RBI data showed that the gold reserves currently amount to $90.299 billion, witnessing a rise of $3.530 billion in the reported week.For the reported week, India’s foreign currency assets (FCA), the largest component of foreign exchange reserves, stood at…

USD/CHF up 0.12% but trades below 20- and 50-day SMA confluence at 0.8019/23, keeping sellers in control.RSI bearish but flat, suggesting near-term consolidation unless breakout above 0.8000 or drop below 0.7900 occurs.Upside targets include 0.8025 and 100-day SMA at 0.8109; downside risks point to yearly low at 0.7872.USD/CHF advanced during the North American session, yet it remains consolidating at around the 0.7950-0.8000 range ahead of the next week Federal Reserve’s monetary policy meeting. The pair trades at 0.7966 up 0.12%.USD/CHF Price Forecast: Technical outlookThe USD/CHF daily chart shows that price action is poised to test yearly lows. Spot prices remain…

EUR/USD is up 0.18% weekly as markets fully price a September 25-bps Fed cut.Weak sentiment, payrolls revision and rising jobless claims signal US labor market deterioration ahead of FOMC.ECB holds rates with a data-dependent stance as US policy uncertainty and the Fed independence saga fuel volatility.EUR/USD remains steady during the North American session on Friday, poised to end the week with modest gains of over 0.18% as traders brace for the next week’s monetary policy decision by the Federal Reserve (Fed). At the time of writing, the pair trades at 1.1736, virtually unchanged.Euro ends week modestly higher as soft US…

The Dow Jones recoiled on Friday after tapping record highs this week.Consumer sentiment indicators showed a steeper-than-expected decline.Next week’s upcoming Fed rate call will also include an SEP update.The Dow Jones Industrial Average (DJIA) pared gains on Thursday, slipping back below 46,000 after chalking in record levels through the midweek sessions. University of Michigan (UoM) Consumer Sentiment Index figures for September declined much faster than forecasts expected, and long-term inflation expectations also rose.The Federal Reserve (Fed) is broadly expected to trim interest rates on September 17 in the face of crumbling labor market data despite a near-term uptick in inflation.…

Gold rebounds after weak UoM sentiment and soft jobs data boost rate cut bets.Payroll revision and rising Jobless Claims outweigh steady inflation prints earlier in the week.Geopolitical tensions and looming 25 bps Fed cut keep safe-haven demand strong ahead of September SEP.Gold prices rise over 0.44% during Friday’s North American session as weaker than expected jobs market data increased the chances that the Federal Reserve (Fed) will cut interest rates next week. At the time of writing, XAU/USD trades at $3,649 after hitting a daily low of $3,630.Bullion rises on weak Consumer Sentiment, Jobless Claims boost Fed easing betsThe week…

WTI trims intraday gains after facing resistance at the 21-day SMA.Technical resistance remains firm, with price action capped near $63.50 and momentum indicators signaling subdued trend strength.Immediate support rests at $61.50; a break lower could expose $60.50–59.50.West Texas Intermediate (WTI) Crude Oil reversed course during the American session on Friday, paring intraday gains after hitting a daily high of $63.69. The US benchmark faced renewed selling pressure as bears defended the 21-day Simple Moving Average (SMA), a level that has repeatedly capped upside momentum in recent days.At the time of writing, WTI is changing hands near $62.30, still up nearly…

EUR/USD rebounds from intraday lows near 1.1700 but remains under pressure.UoM Consumer Sentiment drops to 55.4, missing estimates and marking a four-month low.Russia and Belarus launched the Zapad-2025 military drills on Friday, prompting Poland to close border crossings with Belarus.The Euro (EUR) trades on the back foot against the US Dollar (USD) on Friday, with EUR/USD hovering around 1.1720, stabilizing after dipping to intraday lows near 1.1700.The mild recovery comes as the Greenback eases from session highs after the University of Michigan’s preliminary September survey revealed weakening consumer confidence alongside sticky inflation expectations.The headline Consumer Sentiment Index fell to 55.4…

GBP/USD eases after a daily high of 1.3580, as the US Dollar recovers despite softer US sentiment and sticky inflation.Fed is expected to cut 25 bps next week, with SEP clarifying forward guidance; Deutsche Bank sees three cuts in 2025.UK GDP stagnates in July, while the BoE is likely to hold rates at 4%, narrowing policy divergence with the Fed.The Pound Sterling (GBP) retreats during the North American session on Friday by a modest 0.10% as the US Dollar (USD) recovers some ground, after a week that witnessed US inflation remaining steady above the Fed’s 2% goal but controlled. GBP/USD…