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India’s foreign exchange reserves (forex) witnessed an uptick of $4.8 billion to $702.78 billion for the week ending June 27, after a decline in the previous week, official data released by the Reserve Bank of India showed.In the week ending 20 June, forex stood at $697.93 billion, down by $1.02 billion from the previous week. In the week ending June 27, the major component of the forex reserves, the foreign currency assets, increased by $5.75 billion to $594.82 billion, the RBI data shows. The Gold reserves, however, witnessed a dip of $1.23 billion, standing at $84.5 billion, the weekly data…

Silver forms double-bottom near key support, signaling a potential breakout above $37.31.Doji candle and thin US holiday volume suggest pause, not reversal.Bulls eye resistance at $37.49 and $38.00; downside risk begins below $36.00.Silver price traded sideways on Friday, remaining virtually unchanged at $36.84, due to thin trading volumes as US markets were closed for a holiday. The market mood turned slightly sour as headlines surrounding the US trade war, with its trading patterns taking center stage, following the approval of the One Big Beautiful Bill.XAG/USD Price Forecast: Technical OutlookFrom a technical standpoint, the grey metal is pausing its advance, although…

EUR/USD edges up 0.18% in thin trading as traders digest Trump’s sweeping tariff plans and EU–US tensions mount.Trump confirms tariffs up to 70% to take effect August 1, targeting EU goods, including food.Bloomberg: EU carmakers seek tariff relief via US investment pledges.Light US calendar shifts focus to German industrial output and Eurogroup meeting next week.EUR/USD posted minimal gains of 0.18% on Friday amid thin liquidity conditions, as markets in the United States are closed due to the Independence Day holiday. The shared currency is poised to close the week with gains of 0.53% despite the release of solid US economic…

AUD/USD retreats amid renewed demand for safe havens ahead of Trump’s tariff deadline.AUD pressured by RBA cut expectations, while steady Fed policy underpins USD.AUD/USD holds a bullish structure, though momentum fades near wedge resistance.The Australian Dollar (AUD) weakened against the US Dollar (USD) on Friday amid a low-volume trading session and a risk-off tone ahead of US President Donald Trump’s July 9 tariff deadline.At the time of writing, AUD/USD is hovering above 0.6550, with intraday losses of 0.30%.The closure of US financial markets for Independence Day led to lighter trading volumes, resulting in subdued volatility and a more corrective tone…

The US Dollar edges lower on Friday in thin holiday trade, snapping a two-day winning streak.Tariff tensions resurface as Trump prepares to send letters imposing unilateral trade duties from August 1.US President’s “One Big Beautiful Bill” passes the House of Representatives, raising long-term debt concerns.The US Dollar (USD) eases on Friday, drifting lower in holiday-thinned trading and snapping a two-day winning streak. After climbing on the back of stronger-than-expected US Nonfarm Payrolls data released on Thursday, the Greenback is now paring gains, as market activity remains muted amid the July 4 Independence Day holiday in the United States.The US Dollar…

The USD/JPY trades near 144.50 on Friday, amid thin liquidity, as US markets remain closed for Independence Day.Weekly candle shaping up as a long-legged doji, signaling strong indecision and potential breakout.The 50-day EMA at 144.90 acts as immediate resistance, while Initial support rests at Thursday’s low near 143.50.The US Dollar (USD) is trading slightly lower against the Japanese Yen (JPY) on Friday, with the USD/JPY hovering around 144.50 in subdued holiday-thinned conditions as US markets remain closed for Independence Day. Despite the intraday dip, USD/JPY remains comfortably above the lower boundary of a symmetrical triangle on the daily chart, marked…

NZD/USD consolidates within a symmetrical triangle on the 4-hour chart, reflecting short-term indecision.A rising wedge pattern on the daily chart signals a potential bearish breakout below 0.6038.Kiwi tests critical psychological support at 0.6050.The New Zealand Dollar (NZD) is weakening against the US Dollar (USD) on Friday as market participants weigh near-term resistance against a weakening bullish structure.At the time of writing, NZD/USD is trading around 0.6050, pulling back from the 0.6120 resistance level after failing to maintain recent highs.The NZD/USD 4-hour chart displays a symmetrical triangle pattern formed by a series of lower highs and higher lows, with price action…

Gold is on track for a weekly gain above 1.5% as tariff threats shift the mood sour.Trump confirms tariffs of up to 70% may take effect on August 1 amid trade flare-up.Treasury’s Bessent expects 100 countries to face reciprocal tariffs, while trade deals are incoming.Gold price resumes its uptrend on Friday, poised to print gains of over 1.50% for the week as the US Dollar is on the back foot amid thin liquidity conditions following the closure of US markets in celebration of Independence Day. A slight escalation of the trade war boosted bullion prices. The XAU/USD trades at $3,333,…

GBP/JPY edges lower as safe-haven demand rises ahead of President Trump’s July 9 tariff deadline.UK Prime Minister Keir Starmer faces political pressure from the Labour Party, limiting upside potential for Sterling.GBP/JPY retreats as technical resistance firms around 198.00The Japanese Yen (JPY) is strengthening against the British Pound (GBP) on Friday as markets turn cautious ahead of the weekend.With GBP/JPY retreating after failing to gain traction above the psychologically significant 198.00 level on Thursday, Friday’s price action has been driven by an increase in the demand for safe havens ahead of US President Donald Trump’s tariff deadline on July 9.At the…

WTI Crude Oil remains under pressure near mid-$65s amid thin holiday trading and a lack of fresh catalysts.Traders remain cautious ahead of the July 5 OPEC+ meeting and the July 9 deadline for potential US tariff action.OPEC+ is expected to approve a third consecutive supply increase for August, though actual output remains below target.West Texas Intermediate (WTI) Crude Oil prices remain subdued on Friday, extending losses from the previous day and hovering near the mid-$65s amid thin holiday trading, lingering demand concerns, and a lack of fresh catalysts. The US benchmark is trading within Wednesday’s range, reflecting a wait-and-see approach…