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Representative image: Forex reserves | Photo Credit: Baris-Ozer India’s foreign exchange reserves (Forex) declined by $4.4 billion in the week that ended August 22 to $690.720 billion, driven largely by slump in foreign currency assets, the Reserve Bank of India (RBI) said in its latest ‘Weekly Statistical Supplement’.For the reported week, India’s foreign currency assets (FCA), the largest component of foreign exchange reserves, stood at $582.251 billion, down by $3.652 billion.The RBI data showed that the gold reserves currently amount to $85.003 billion, witnessing a decline of $665 million. After the latest monetary policy review meeting, RBI Governor Sanjay Malhotra…

The Indian rupee plunged to a record low, breaching the psychological 88-per-dollar mark for the first time amid mounting fears that US tariffs could undermine the country’s economic growth and strain its balance of payments, further hitting already fragile portfolio inflows, treasury dealers said. Before closing at 88.19, the rupee fell to 88.31 to the dollar, a level which likely saw the Reserve Bank of India stepping in, said bank treasury officials and currency dealers. “Only at around 88.30 level, there was some presence of the RBI, which helped reverse some early losses,” said a dealer with a mid-sized bank.…

The Dow Jones eased lower on Friday, testing below 45,500.Equities recoiled after US PCE inflation metrics rose in-line with forecasts.Despite fresh inflation pressure, markets are still banking on a September rate cut.The Dow Jones Industrial Average (DJIA) softened on Friday, easing back below 45,500 as stocks retreated due to another uptick in US Personal Consumption Expenditures Price Index (PCE) inflation figures. Despite rising inflation pressures, markets are still betting that the Federal Reserve (Fed) will deliver a fresh interest rate cut in September.Equities falter post-PCE but only slightlyThe Dow Jones is down, but certainly not out. The major equity index…

AUD/USD gained ground for a fourth straight session on Friday.The Aussie is gaining ground on a slumping US Dollar as Fed rate cut hopes remain.Markets largely shrugged off another uptick in US PCE inflation.AUD/USD caught a late-week lift on Friday, rising into the 0.6550 region after the latest US inflation data pushed the US Dollar (USD) lower across the board. The Australian Dollar (AUD) stepped into its fourth straight winning session against the Greenback, putting AUD/USD on a collision course with the top end of a technical range that has kept the pair constrained through most of the year.US inflation…

Silver advances to its strongest level since September 2011.Markets are pricing about an 87% chance of a Fed rate cut in September, despite firmer core PCE inflation.Technical outlook points to a potential break above $40.00, with resistance at $41.48 and $43.40, while support holds at $39.00 and the 100-period EMA.Silver (XAG/USD) extends its rally for the fourth consecutive day on Friday, with spot prices climbing to fresh 14-year highs. The metal trades around $39.85 at the time of writing, surpassing the July 23 peak of $39.53, as sustained weakness in the US Dollar (USD) and firm safe-haven demand keep buyers…

Gold reverses losses on Friday, climbing to a 2-month high near $3,450.Despite a firmer US Dollar, bullion found renewed demand as traders maintained bets on Fed easing.US Core PCE rose 0.3% MoM and 2.9% YoY in July, while headline PCE gained 0.2% MoM and held steady at 2.6% YoY.Gold (XAU/USD) reverses course on Friday, erasing intraday losses and climbing back to fresh highs. The precious metal is now trading near $3,447, its strongest level since June 16, after the US Personal Consumption Expenditures (PCE) inflation report came broadly in line with expectations. A softer tone in the US Dollar (USD)…

The Swiss Franc strengthens for a fourth straight day, sending USD/CHF toward fresh one-month lows.The US Dollar Index (DXY) slips below 98.00 as markets price in an 89% chance of a Fed rate cut in September.US July PCE report showed sticky inflation pressures alongside strong household spending.The Swiss Franc (CHF) extends its rally for the fourth consecutive day on Friday, with USD/CHF slipping toward the 0.8000 psychological mark near fresh one-month lows, pressured by a broadly weaker US Dollar (USD) despite resilient US inflation and spending data.At the time of writing, the USD/CHF pair is trading around 0.7997 in the…

Foreign currency assets fell by $3.65 billion | Photo Credit: Max Zolotukhin India’s forex reserves fell by $4.39 billion on week to $690.7 billion for the week ended August 22, according to data released by the Reserve Bank of India (RBI). In the previous week, forex reserves had jumped $1.5 billion to $695.1 billion.Foreign currency assets (FCA) – which include investment in securities, deposits with other central banks and the BIS, and deposits with commercial banks overseas—fell by $3.65 billion, standing at $582.2 billion as on August 22, whereas gold reserves fell by $665 million and stood at over $85…

Annual inflation in Germany, as measured by the change in the Consumer Price Index (CPI), rose to 2.2% in August from 2% in July, Germany’s Federal Statistical Office reported on Friday. This print came in above the market expectation of 2.1%. On a monthly basis, the CPI rose by 0.1%.The Harmonized Index of Consumer Prices (HICP), the European Central Bank’s (ECB) preferred gauge of inflation, rose by 0.1% and 2.1% on a monthly and yearly basis, respectively.Market reaction to German inflation dataEUR/USD recovers slightly from session lows and was last seen trading at 1.1670, losing 0.1% on a daily basis.…

In the world of trading, particularly in the foreign exchange (Forex) market, investors often focus on charts, technical indicators or macroeconomic news.Yet, there’s one crucial factor that is all too often overlooked: the trader’s psychology. In other words, the state of mind, discipline, and ability to manage emotions in the face of market uncertainty.Why psychology is central to tradingContrary to popular belief, success in Forex trading is not just a matter of strategy or analysis.The same technical signals, interpreted by two different people, can lead to radically opposed decisions.The difference often lies in emotional management: fear of losing, euphoria after…