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Silver (XAG/USD) sinks sharply by more than 30% on Friday as the precious metals segment is being punished by the financial markets, with the grey metal falling more than $38 at the time of writing. XAG/USD trades at $76.91, after reaching a daily high of $118.46.XAG/USD Price Forecast: Technical outlookAs it plunges, Silver cleared key support levels like $100, $90, $80 and it seems on its way to challenge the $70.00 milestone if it wasn’t for the 50-day Simple Moving Average (SMA) standing at $73.51.The Relative Strength Index (RSI) fell on a parabolic form from around 83 level to 42,…

Gold price (XAU/USD) extends its losses on Friday, plunges nearly 10% to sink below $4,900 after US President Donald Trump revealed his pick for Fed Chair, while a hot inflation reading in the US justified the Federal Reserve’s (Fed) decision on Wednesday to keep rates steady. The XAU/USD trades around the top/bottom of the $5,000 mark.Bullion plunges over 7% as a hawkish Fed chair nomination and stubborn inflation crush easing hopesOn Friday morning, Trump revealed that he chose Kevin Warsh to become the new Chair of the US central bank. Warsh wasknown as a hawk in his previous period as…

USD/JPY rebounds around 154.50 on Friday at the time of writing, up 0.90% on the day, supported by a renewed recovery in the US Dollar (USD) after several weeks of weakness. The move comes as markets reassess the monetary policy outlook in the United States (US) and Japan.The US Dollar strengthened after US President Donald Trump expressed his support for Kevin Warsh to lead the Federal Reserve (Fed). If confirmed by the Senate, Kevin Warsh would succeed Jerome Powell, whose term is set to expire in May. Investors, who initially feared a highly dovish nomination given the president’s repeated calls…

Rabobank analysts expects the ECB to maintain the deposit rate at 2.00% through 2026, with two rate hikes anticipated in March and June 2027. Analysts notes that while the Euro’s appreciation may prompt verbal intervention, it believes the currency can rise further before necessitating any policy changes.ECB policy outlook and Euro performance”We expect the ECB to leave the deposit rate unchanged at 2.00%.””The burden of proof for any cut or hike is very high. We see the ECB on hold through 2026.””The euro’s gains may draw some verbal intervention, but we believe the currency can appreciate quite a bit further…

GBP/USD trades around 1.3760 on Friday at the time of writing, retreating 0.30% on the day as the US Dollar (USD) regains some traction. The Greenback finds support after reports that the US Senate has advanced a spending agreement aimed at avoiding a federal government shutdown, easing recent political uncertainty.The US Dollar strengthens after US President Donald Trump and Senate Democrats reached a compromise that would allow funding legislation to move forward. This development reduces near-term fiscal risks and provides modest relief to the US Dollar, which had been under pressure in recent sessions.In addition, investors remain attentive to reports…

The rupee on Friday hit its record low of 92.02 before ending a tad higher at 91.97 against the US dollar, amid a firm American currency and volatile geopolitical cues. Forex traders said sustained withdrawal of foreign funds and a negative trend in domestic equities weighed on investor sentiment. At the interbank foreign exchange, the rupee opened at 91.89 and gained ground, touching 91.82 against the greenback during intraday trade. The currency touched its lowest-ever level of 92.02 before ending the session at 91.97 against the dollar, registering a gain of just 2 paise form previous closing level. On Thursday,…

The German/Eurozone Q4 GDP OverviewThe Federal Statistics Office of Germany is set to release preliminary Q4 Gross Domestic Product (GDP) data for Germany at 09:00 GMT, and Eurostat will likely report flash Eurozone GDP figures for the same period at 10:00 GMT on Friday.Germany’s preliminary GDP is forecast to grow 0.2% quarter-over-quarter (QoQ) in the fourth quarter, after stagnating in the prior quarter. Meanwhile, the economic growth is expected to hold steady at 0.3% Year-over-year (YoY) in Q4.Meanwhile, seasonally adjusted flash Eurozone GDP is projected to rise 0.2% QoQ in Q4, easing from 0.3% previously, while annual growth is seen…

USD/JPY price analysis tilts to the upside as the dollar recovers on the Fed hold and the US Senate approval to avoid a shutdown. BoJ remains highly accommodative, keeping the yield differential unattractive for yen buyers. FX intervention warnings keep yen losses in check. USD/JPY is consolidating after recent gains. The pair remains supported by yield differentials. US Treasury yields remain higher than those on Japanese government bonds. This keeps carry trades attractive. Markets have scaled back aggressive expectations of Fed rate cuts. Stronger-than-expected US data and sticky services inflation have delayed the timing of meaningful easing. Futures now imply…

The continued fall of the Indian Rupee against the US Dollar is mainly driven by persistent capital outflows, with upcoming developments such as the Union Budget and news related to US tariffs emerging as key factors to watch, currency experts said as the Rupee slipped close to the 92 level.Reacting to the recent movement in the domestic expert, told ANI that the Rupee opened on Friday morning at 91.91/92 and continued to trade around the same levels. The Rupee had briefly touched 92.00 a day earlier but recovered following reports of intervention by the Reserve Bank of India (RBI).K N…

The rupee recovered from its lowest level and gained 9 paise to trade at 91.90 against the American currency in early deals on Friday, supported by lower crude oil prices in the international market. According to forex traders, a sharp recovery in the Indian currency was capped by a strong greenback and withdrawal of foreign funds from domestic equity markets. At the interbank foreign exchange, the rupee opened at 91.89 and strengthened up to 91.87 against the greenback before trading at 91.90 in initial deals, up 9 paisa from its previous closing level. The rupee ended on a flat note…