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USD/CHF attracts some dip-buying on Thursday amid a combination of supporting factors.A positive risk tone undermines the CHF and supports the pair amid a modest USD uptick.Trade jitters and Fed rate cut bets might hold back bulls from placing aggressive bets.The USD/CHF pair rebounds a few pips from a fresh weekly low touched during the Asian session on Thursday and for now, seems to have stalled this week’s slide from the vicinity of the 0.8000 psychological mark. Spot prices, however, lack bullish conviction and currently trade around the 0.7940 region, unchanged for the day amid mixed cues. Asian stocks tracked…

GBP/USD strengthens to near 1.3605 in Thursday’s Asian session.Most policymakers see rate cuts coming, FOMC Minutes showed.Traders await the US Initial Jobless Claims on Thursday ahead of the UK May GDP data.The GBP/USD pair gains ground around 1.3605 during the Asian trading hours on Thursday. The Greenback softens against the Pound Sterling amid the prospects for more interest rate cuts by the Federal Reserve (Fed) this year. Traders await the US weekly Initial Jobless Claims data later on Thursday. Also, the Federal Reserve (Fed) officials are scheduled to speak, including Alberto Musalem, Christopher Waller and Mary Daly.US President Donald Trump on Monday warned…

Gold prices remained broadly unchanged in India on Thursday, according to data compiled by FXStreet. The price for Gold stood at 9,130.02 Indian Rupees (INR) per gram, broadly stable compared with the INR 9,121.96 it cost on Wednesday. The price for Gold was broadly steady at INR 106,490.70 per tola from INR 106,396.80 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 9,130.02 10 Grams 91,300.14 Tola 106,490.70 Troy Ounce 283,975.40   Daily Digest Market Movers: Gold price is underpinned by rising trade tensions, modest USD downtick US President Donald Trump issued tariff notices to eight…

The rupee appreciated by 6 paise to close at 85.67 (provisional) against the US dollar on Wednesday following optimism over a possible trade deal with the US and a delay in the imposition of reciprocal tariffs.A firm US dollar in overseas markets and crude oil staying near $70 per barrel capped the gains in the local currency, forex dealers said.At the interbank foreign exchange, the rupee opened weak at 85.84 against the US dollar, and traded in a range of 85.93 and 85.65 during the day. The local unit finally closed at 85.65 (provisional), up 6 paise from the previous…

The USD/JPY forecast indicates brief relief for the yen after a steep decline. The yen has weakened significantly following Trump’s announcement of a 25% tariff on Japanese goods. Market participants are awaiting the release of the FOMC meeting minutes. The USD/JPY forecast indicates brief relief for the yen after a steep decline due to tariff concerns. However, the outlook for Japan’s economy has darkened following Trump’s threat of a 25% reciprocal tariff.  –Are you interested in learning more about Forex indicators? Check our detailed guide- The yen has weakened significantly this week following Trump’s announcement of a 25% tariff on…

The Indian rupee closed nearly unchanged on Wednesday, tracking a muted reaction in global markets to the latest trade salvos from the White House, with traders in the domestic market awaiting news on a U.S.-India trade deal. The rupee ended at 85.6725 against the U.S. dollar, nearly unchanged from its close at 85.6950 in the previous session. Asian currencies were little changed to a tad weaker, while the dollar index retreated slightly from a two-week high hit on Tuesday to last quote at 97.5.The rupee touched a low of 85.9225 earlier in the day but pared losses later in the…

The Indian Rupee weakens against US Dollar as Trump reiterated 10% tariff threats on BRICS nations for de-dollarization practices.Trump threatens to impose 200% tariffs on pharmaceutical imports next year.Investors await the FOMC minutes for the June 17-18 policy meeting.The Indian Rupee (INR) declines against the US Dollar (US) on Wednesday, sending the USD/INR higher to near 86.00. Investors were bracing for weakness in the Indian currency as the United States (US) President reiterated his threats to impose 10% tariffs on BRICS members for supporting anti-American policies.On Tuesday, US President Trump stated while speaking to reporters that the BRICS nations will…

NZD/USD struggles to capitalize on the post-RBNZ spike during the Asian session.Reduced Fed rate cut bets and trade jitters benefit the USD and weigh on the Kiwi.The technical setup favors bearish traders and backs the case for additional losses.The NZD/USD pair fades an intraday spike to the 0.6015 area that followed the Reserve Bank of New Zealand’s (RBNZ) widely expected decision to hold rates steady and retests a two-week low during the Asian session on Wednesday. Spot prices currently trade below the 0.6000 psychological mark and seem vulnerable to slide further amid a broadly stronger US Dollar (USD).The USD Index…

Gold prices fell in India on Wednesday, according to data compiled by FXStreet. The price for Gold stood at 9,095.09 Indian Rupees (INR) per gram, down compared with the INR 9,112.17 it cost on Tuesday. The price for Gold decreased to INR 106,083.70 per tola from INR 106,282.60 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 9,095.09 10 Grams 90,950.12 Tola 106,083.70 Troy Ounce 282,889.10   Daily Digest Market Movers: Gold price is weighed down by reduced Fed rate cut bets US President Donald Trump unnerved investors earlier this week by announcing higher tariff rates…

EUR/USD softens around 1.1705 in Wednesday’s Asian session. US President Trump said he would impose a 50% tariff on imported copper.Traders brace for the FOMC Minutes due later on Wednesday. The EUR/USD pair tumbles to near 1.1705 during the Asian trading hours on Wednesday. The Euro (EUR) weakens against the Greenback as renewed tariff threats from US President Donald Trump unsettle markets. Traders await the FOMC Minutes, which will be released later on Wednesday. Trump broadened his global trade war by threatening a 50% tariff on copper imports and signaled that he might impose levies on semiconductors and pharmaceuticals. Trump noted on Tuesday that trade…