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Silver reaches new 2025 high as tariff tensions lift safe-haven demand.Bullish momentum remains strong as the white metal rises toward the $38.00 resistance.XAG/USD benefits from its dual role as a safe-haven and industrial metal.Silver (XAG/USD) is trading at a fresh YTD high on Friday as tariff threats and market uncertainty drive demand for safe-haven assets.The Silver price is trading above $37.60 at the time of writing, as bulls appear eager to test the next psychological resistance level of $38.00.As the white metal continues along its upward trajectory, US President Donald Trump’s tariff policies and a weaker US Dollar have proven…
The rupee depreciated 7 paise to close at 85.77 (provisional) against the US dollar on Friday, on weak domestic markets and risk-off sentiments amid trade tariff uncertainty.Forex traders said global market sentiments were dented as US President Donald Trump imposed 35 per cent tariffs on Canadian goods.At the interbank foreign exchange, the rupee opened at 85.76 against the US dollar, and touched an intra-day low of 85.91 during the day. The local unit finally settled for the day at 85.77 (provisional), down 7 paise from its previous close.On Thursday, the rupee pared initial gains and settled for the day higher…
The USD/CAD outlook suggests economic uncertainty in Canada. Trump announced a 35% tariff on imports from Canada, which weighed on the loonie. Market participants are awaiting Canada’s monthly employment report. The USD/CAD outlook suggests economic uncertainty in Canada following Trump’s announcement of a 35% tariff on goods from the country. As a result, the Canadian dollar collapsed against the US dollar. Meanwhile, market participants are awaiting crucial employment data from Canada. –Are you interested in learning more about Forex indicators? Check our detailed guide- Trump on Thursday intensified his tariff threats by announcing more tariffs on countries that had not…
The Unemployment Rate in Canada is expected to rise further in June.Further cooling in the labour market could favour additional rate cuts.The Canadian Dollar remains sidelined around 1.3600 against the US Dollar. On Friday, Statistics Canada will release the results of the Canadian Labour Force Survey. Market investors predict that the report will come in on the soft side, which might encourage the Bank of Canada (BoC) to resume its easing cycle.The BoC kept its policy rate at 2.75% at its June meeting, following the same move in April and the 25-basis-point cut in March. Back to the previous meeting,…
Silver adds to the previous day’s strong move up and gains traction for the second straight day.A move beyond the $37.30-$37.35 area would set the stage for a further near-term appreciation. Any corrective pullback might be seen as a buying opportunity and is likely to remain cushioned. Silver (XAG/USD) trades with a positive bias for the second straight day and tests the top end of a multi-week-old range during the Asian session on Friday. The white metal currently trades around the $37.20 region, up 0.40% for the day.From a technical perspective, the daily Relative Strength Index (RSI, 14) remains above…
Spot gold rose 0.3% to $3,333.67 per ounce as of 0245 GMT. Gold rose on Friday after US President Donald Trump announced new tariffs on Canadian imports and broader tariff threats to other trading partners, but gains were capped by a stronger dollar amid mounting signs of turmoil in global trade landscape.Spot gold rose 0.3 per cent to $3,333.67 per ounce as of 0245 GMT. US gold futures added 0.6 per cent to $3,345.10.On Thursday, Trump said US would impose a 35 per cent tariff on imports from Canada and planned to impose blanket duties of 15 per cent or…
The rupee pared its initial gains and settled for the day higher by 4 paise at 85.69 (provisional) against the US dollar on Thursday, supported by US-India trade deal optimism, even as the domestic equity markets closed in negative territory.Forex traders said the Indian rupee ended the day in the green against the US dollar amid firm expectations that India and the US will reach a deal soon.At the interbank foreign exchange, the rupee opened on a positive note at 85.62 against the US dollar, and traded in a range of 85.69 and 85.53 during the day. The local unit…
The USD/CAD forecast indicates a pause in the dollar’s rally. Treasury yields collapsed after a successful 10-year note auction. Fed policymakers believe rate cuts will be appropriate later in the year. The USD/CAD forecast indicates a pause in the dollar’s rally after a sharp collapse in Treasury yields in the previous session. At the same time, the impacts of Trump’s new tariff threats were fading. Meanwhile, the FOMC minutes revealed that policymakers were ready to lower borrowing costs later in the year. –Are you interested in learning more about Forex indicators? Check our detailed guide- The dollar lost its shine…
The rupee appreciated 17 paise to 85.56 against US dollar in early trade on Thursday, as the US-India trade talks made modest progress, with tariff deadline extensions on select Indian exports offering short-term relief. Forex traders said rupee traded in a volatile but narrow range as market participants stayed on the sidelines, waiting for clarity on the US-India interim trade deal. At the interbank foreign exchange, the rupee opened at 85.62 against the dollar, then touched an early high of 85.56, up 17 paise from its previous close. On Wednesday, the rupee closed flat at 85.73 against the US dollar…
The Indian Rupee moves higher against the US Dollar to near 85.65.India is in no rush to sign a trade pact with the US.FOMC minutes suggest that officials are worried about tariff-led inflation.The Indian Rupee (INR) gains sharply against the US Dollar (USD) on Thursday. The USD/INR pair declines to near 85.65, while investors await the confirmation of the trade deal between India and the United States (US) to gauge direction.Last week, US President Donald Trump expressed more than once that Washington is close to striking a deal with India. However, comments from Indian Commerce and Supply Minister Piyush Goyal…