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The rupee appreciated 16 paise to 85.41 against the US dollar in early trade on Monday, supported by a weak American currency in the overseas market and strong foreign fund inflows. Forex traders said the rupee is expected to trade in a narrow range as Brent oil prices ticked lower amid oversupply concerns, US-Iran nuclear deal talks, while investors awaited the China Factory data. Investors were also cautious as global rating agency Moody’s downgraded US investment grade rating, they added. At the interbank foreign exchange, the domestic unit opened at 85.43 against the greenback, then rose to 85.41, registering a…

Gold prices rose in India on Monday, according to data compiled by FXStreet. The price for Gold stood at 8,848.04 Indian Rupees (INR) per gram, up compared with the INR 8,806.90 it cost on Friday. The price for Gold increased to INR 103,200.20 per tola from INR 102,721.90 per tola on friday. Unit measure Gold Price in INR 1 Gram 8,848.04 10 Grams 88,479.91 Tola 103,200.20 Troy Ounce 275,174.10 FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time…

The dollar index began the week on a strong note by surging 1.5 per cent on Monday. But thereafter it lost steam and fell back to trade stable above 100.5. On the domestic front, the Indian rupee opened stronger on Monday following the India-Pakistan ceasefire announcement. However, it failed to sustain higher and fell all through the week, giving back all the gains.Dollar index forecastThe dollar index (101.09) is at a crucial juncture now. There is support at 100.50 and 100. Resistance is at 101.50 and 102.  If it manages to sustain above 100.50, then a rise to 102 is…

AUD/NZD trades near the 1.0900 zone with minor losses on Friday.The pair maintains a bullish outlook despite mixed short-term signals.Key support is clustered below 1.0880, with resistance near 1.0920.The AUD/NZD pair is experiencing mild selling pressure on Friday, hovering near the 1.0900 zone as the market approaches the Asian session. Despite the minor losses, the broader technical outlook remains constructive, with several key indicators aligning to support the pair’s upward trajectory. However, conflicting short-term signals suggest that further gains may face headwinds, as traders navigate a mix of buy and sell pressures.AUD/NZD maintains a generally bullish structure, supported by the…

AUD/USD trades near 0.6400 with a cautious tone ahead of RBA rate decision.US consumer sentiment weakened, while inflation expectations climbed, adding to market uncertainty.Technical levels suggest support at 0.6399 and resistance near 0.6414, reflecting a range-bound market.The AUD/USD pair is trading around the 0.6400 level during European trading hours on Friday, reflecting a broadly neutral tone as traders await the Reserve Bank of Australia (RBA) interest rate decision next week. The US Dollar Index (DXY) is holding near 101.00, up modestly after a week of mixed US economic data. Despite this, the Australian Dollar remains under pressure amid ongoing trade…

XAG/USD capped at $32.73 (50-day SMA), supported by 100-day SMA near $31.88 amid choppy trade.RSI flat near neutral; a break above $33.00 is needed to turn bias bullish toward $33.50–$34.51A drop below $32.00 may expose $31.65 and the 200-day SMA at $31.23 as bearish pressure builds.Silver prices edged lower on Friday, with losses of over 1%, set to end the week on a negative note amid rising US Treasury yields, which staged a comeback late during the North American session. XAG/USD trades at $32.26 after hitting a daily peak of $32.68 at the time of writing.XAG/USD Price Forecast: Technical outlookXAG/USD…

Moody’s Ratings agency downgraded the US’s sovereign debt credit rating after the market close on Friday. According to Moody’s, the US is facing rising debt funding costs that far exceed those of similar government debt loads. Moody’s specifically highlighted US interest obligations “that are significantly higher than similarly rated sovereigns”.Moody’s has lost faith that the US government will be able to make and execute multi-year reduction plans for reducing its deficits and debt and stating, “Successive US administrations and Congress have failed to agree on measures to reverse the trend of large annual fiscal deficits and growing interest costs.”Key highlightsUnited…

NZD/JPY trades near the 85.70 zone with minor gains on Friday.The pair maintains a bearish outlook despite mixed technical signals.Key support is clustered below 85.60, with resistance near 86.00.The NZD/JPY pair is attempting to hold on to modest gains as it trades near the 85.70 zone ahead of the Asian session on Friday. Despite the slight uptick, the broader technical picture remains tilted to the downside, reflecting the influence of longer-term bearish signals that have kept the pair within a tight range recently. Traders appear hesitant to push the pair significantly higher, reflecting a cautious tone as they assess the…

Mexican Peso appreciates as USD/MXN dips to 19.47 after disappointing US sentiment data.Banxico cuts benchmark rate by 50 bps, but Peso holds firm as US data dents Greenback strength.U. of Michigan survey shows inflation expectations rising and consumer sentiment at multi-year low.Traders now price in 51 bps of Fed easing by year-end; eyes turn to next week’s Mexico GDP and US PMIs.The Mexican Peso (MXN) erases its previous losses against the US Dollar (USD) on Friday and Is set to finish the week with gains. A day ago, Banco de Mexico (Banxico) reduced the main reference rate, though it failed…

The Dow Jones rose slightly on Friday, clipping into fresh weekly highs.Equity markets shrugged off a worse-than-expected print from the UoM Consumer Sentiment Index.Investors are hoping that more clarity will come from the Trump administration on trade.The Dow Jones Industrial Average (DJIA) stepped into fresh weekly highs on Friday after investors shrugged off the second-worst print from the University of Michigan’s (UoM) Consumer Sentiment Index on record. Market sentiment remains on the high side as traders hope for further clarity on trade from the Trump administration and a continued easing of President Donald Trump’s tariff policies.The UoM’s Consumer Sentiment Index…