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EUR/GBP trades near the 0.8500 zone after slipping modestly in Friday’s session.Short-term signals remain bearish despite mixed long-term support.Key support levels hold below, while resistance aligns just overhead.The EUR/GBP pair edged lower on Friday, trading near the 0.8500 zone after the European session as selling pressure remained consistent. The pair settled within the middle of its daily range, reflecting cautious sentiment despite the broader bearish tone. Short-term signals continue to weigh on the pair, while longer-term moving averages offer a more supportive backdrop.Technically, the pair is flashing a bearish overall signal. The Relative Strength Index (RSI) is neutral near 45,…

USD/CHF is trading near a critical support area as the US Dollar Index (DXY) reverses course ahead of US-China trade talks in Switzerland this weekend.Fed officials have highlighted stagflation risks, noting the potential for rising inflation and unemployment if tariffs remain elevated.Technically, the DXY faces immediate support at 100.2200 and resistance at 101.9000, while the USD/CHF could test its recent lows if the Dollar weakens further.The USD/CHF pair is navigating a critical juncture as it trades near a key support level, with broader market sentiment clouded by trade talk uncertainties. The US Dollar Index (DXY), which tracks the USD against…

US-UK trade deal supports the Sterling; Trump keeps 10% tariffs but opens broader market access.BoE cuts rates by 25 bps in three-way split vote and traders now see July as the earliest for another cut.DXY drops 0.37% to 100.26 as Fed officials strike cautious tone amid solid labor market and slowing growth outlook.The Pound Sterling (GBP) posted solid gains on Friday, edging up 0.41% after the announcement of a trade deal between the United States (US) and the United Kingdom (UK) on Thursday. However, a rate cut by the Bank of England (BoE) capped its gains, but the pair remains…

EUR/USD trades near the 1.1300 zone after gaining modestly in Friday’s session.Mixed short-term indicators contrast with a broadly bullish long-term structure.Key support holds just below, while resistance aligns near recent highs.The EUR/USD pair advanced modestly on Friday, trading near the 1.1300 zone after the European session. Price action remained contained within the day’s range, reflecting steady demand despite mixed short-term momentum signals. The broader technical picture, however, remains constructive, with long-term averages reinforcing the underlying bullish bias.Technically, the pair presents a mixed but generally positive outlook. The Relative Strength Index sits in neutral territory around 52, suggesting balanced momentum without…

Forex dealers said, the RBI sold Dollars to steady the Indian unit, which opened for trading nine paise weaker vis-a-vis the previous close. | Photo Credit: LeoWolfert The rupee recovered to close stronger on Friday despite flare up in the war between India and Pakistan and fall in domestic equity markets, with RBI reportedly intervening in the forex market.The rupee ended the day on a relatively strong note at 85.37 per US dollar as compared with the previous close of 85.71. Forex dealers said the RBI sold dollars to steady the Indian unit, which opened for trading nine paise weaker…

Forex traders said the rupee opened on a weak note on the escalation of hostility between India and Pakistan, however, RBI intervened to prevent major weakness The rupee pared its initial losses and settled for the day higher by 17 paise at 85.41 (provisional) against the US dollar on Friday, as likely intervention by the Reserve Bank of India helped contain excess depreciation of the rupee.Forex traders said the rupee opened on a weak note on the escalation of hostility between India and Pakistan, however, RBI intervened to prevent major weakness.At the interbank foreign exchange, the domestic unit opened at…

European Central Bank (ECB) policymaker Olli Rehn commented on the inflation and growth outlook on Friday.Rehn said that “disinflation is on track and the growth outlook is weakening.”Market reactionAt the time of writing, EUR/USD has regained 1.1250, up 0.23% so far. Euro PRICE Today The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.23% -0.14% -0.51% -0.07% -0.20% 0.03% -0.22% EUR 0.23% 0.09% -0.28% 0.16% 0.03% 0.25% -0.00% GBP 0.14% -0.09% -0.37% 0.07% -0.06% 0.16% -0.05%…

The Indian Rupee comes under renewed pressure as geopolitical tensions escalate between India and Pakistan.India’s announcement of neutralizing military threats along its northern and western borders has heightened risk aversion in domestic markets.The Reserve Bank of India is expected to step in, signaling its intent to curb excessive Rupee depreciation.The Indian Rupee (INR) loses ground against the US Dollar (USD), extending its losses for the fourth successive session on Friday. The USD/INR pair opened with a gap up following approximately 1% gain in the previous day. Traders will likely await India’s FX Reserves data later in the day.The INR faces…

The Rupee opened 9 paise weaker at 85.80 in the backdrop of the escalating war between India and Pakistan. The has been triggered by Pakistan-sponsored terrorists killing 26 tourists in Pahalgam, Kashmir, on April 22, 2025.The Rupee, which closed 88 paise down at 85.71 per US Dollar against previous close of 84.83, is currently trading at 85.8750 per US Dollar.Abhishek Goenka, Founder & CEO, IFA Global, said, “We expect the Rupee to trade in a 85.80-86.25 range with a weakening bias. While Rupee is likely to remain under pressure in the near term, the moment there is a sign of…

EUR/USD explored the low end once again on Thursday, testing 1.1200.Greenback market flows are on the high side after a pending US-UK trade deal announcement.The trade deal announcement has yet to be made official, but investors are hoping for further tariff walkbacks.EUR/USD trimmed into the low end on Thursday, shedding a little over two-thirds of one percent from the day’s opening bids after US Dollar (USD) bids caught a broad-market boost following the tentative announcement of a pending trade deal between the United States (US) and the United Kingdom (UK). Europe still appears to be on the outs with the…