Author: admin

GBP/USD may find initial resistance at nine-day EMA of 1.3645The 14-day Relative Strength Index holds slightly above the 50 mark, reinforcing a mild bullish bias.The primary support appears around monthly low at 1.3562.The GBP/USD pair extends its losses for the second successive session, trading around 1.3620 during the Asian hours on Monday. The bullish bias persists as the daily chart’s technical analysis indicates that the pair remains within the ascending channel pattern.The 14-day Relative Strength Index (RSI) remains slightly above the 50 level, strengthening the bullish bias. However, the GBP/USD pair has moved below the nine-day Exponential Moving Average (EMA),…

Gold prices fell in India on Monday, according to data compiled by FXStreet. The price for Gold stood at 9,117.16 Indian Rupees (INR) per gram, down compared with the INR 9,189.32 it cost on Friday. The price for Gold decreased to INR 106,340.80 per tola from INR 107,182.50 per tola on friday. Unit measure Gold Price in INR 1 Gram 9,117.16 10 Grams 91,171.61 Tola 106,340.80 Troy Ounce 283,575.60   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…

The Australian Dollar falls amid renewed US tariff concerns.Australia’s ANZ Job Advertisements rose 1.8% in June following a decline of 1.2% in May.US Treasury Secretary, Scott Bessent, noted that US tariffs could be rolled back to April 2 levels on August 1.The Australian Dollar (AUD) depreciates against the US Dollar (USD) on Monday, continuing its losing streak for the third successive session. The AUD/USD pair depreciates due to renewed tariff concerns as US President Donald Trump may send out 12 or 15 letters on tariffs later in the day, with the expectation that trade deals or letters with most nations…

The Indian Rupee slumps against US Dollar as Trump threatens to impose 10% on countries supporting BRICS’ anti-American policies.Trump prepares to send letters, outlining tariff rates, to nations that fail to secure trade deal during the tariff deadline.Traders pare Fed dovish bets on upbeat US NFP data.The Indian Rupee declines significantly against the US Dollar (USD) at the start of the week. The USD/INR pair advances to near 86.15, the highest level seen in a week, as United States (US) President Donald Trump threatens in a post on Truth.Social that he will impose additional 10% tariffs on countries that align…

The rupee fell 26 paise to 85.66 against the US dollar in early trade on Monday amid FII outflows and a weak opening at the domestic equity markets. The US on Sunday stepped up pressure on trading partners to make new deals before the July 9 deadline, warning countries that higher tariffs could kick in on August 1, putting further pressure on the rupee. However, a weaker greenback, lower global crude oil prices and the rise in the country’s forex reserves prevented further losses in the local unit, according to forex traders. At the interbank foreign exchange, the domestic unit…

EUR/JPY strengthens to around 170.45 in Monday’s early Asian session, adding 0.17% on the day. The positive bias of the cross prevails above the 100-day EMA, but the overbought RSI condition might cap its upside. The immediate resistance level emerges in the 171.00-171.05 zone; the first downside target to watch is the 170.00 round mark. The EUR/JPY cross gains traction to near 170.45 during the Asian trading hours on Monday. The Japanese Yen (JPY) softens against the Euro (EUR) as data released on Monday revealed that real wages in Japan fell for five consecutive months in May, the fastest pace in nearly two…

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…