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USD/CHF extends gains as US Dollar benefits from positive trade deal headlines.US jobless claims drop to 228K, supporting broader USD strength.Technical indicators show key resistance at 0.9050 and support near 0.8900.The USD/CHF pair is trading higher as the US Dollar (USD) gains momentum on mixed economic signals and trade optimism, while the Swiss Franc (CHF) weakens amid broader risk-on sentiment. US President Donald Trump announced a “major trade deal” with the United Kingdom (UK), though initial excitement cooled after reports indicated that a 10% tariff on UK goods would remain in place, limiting the potential economic boost from the agreement.The…

The Mexican Peso holds steady as markets digest stronger-than-expected inflation data and global risk sentiment improves. Traders shift their focus to Banxico’s May 15 rate decision after both headline and core inflation exceeded forecasts. USD/MXN consolidates in a narrow range near support, with upcoming trade and policy signals expected to drive the next move. The Mexican Peso (MXN) swings between mild gains and losses against the US Dollar (USD) on Thursday, as markets digest stronger-than-expected Mexican inflation data alongside a cautious Federal Reserve and anticipation over a new US–UK trade deal. At the time of writing, USD/MXN is down 0.16%,…

The Bank of England cut its main interest rate by 0.25 percentage points to 4.25% on Thursday, despite an unexpected three-way split among policymakers as U.S. President Donald Trump’s tariffs weigh on global economic growth. The BoE’s Monetary Policy Committee voted 5-4 in favour of the decision to cut rates by a quarter point. Two members, Swati Dhingra and Alan Taylor, voted for a bigger half-point cut while Chief Economist Huw Pill and external member Catherine Mann wanted to keep interest rates on hold. The decision by the British central bank is its first since Trump announced wide-ranging tariffs on…

The rupee’s 1-month implied volatility, a gauge of future expectations, rose to an over two-year high of 6.3% | Photo Credit: FRANCIS MASCARENHAS The Indian rupee weakened sharply to log its steepest fall in more than two years on Thursday as the ongoing India-Pakistan conflict hurt the currency alongside the country’s bonds and equities.The rupee rose at the start of the session but weakened sharply after India said it had “neutralised” attempts by Pakistan to “engage” several military targets in its northern and western regions on Wednesday and early Thursday.Pakistan said it had shot down 25 Indian drones.India hit “terrorist…

The US Dollar Index turns positive amid Fed’s cautiousness. Geopolitical concerns keep the gains capped. US-China trade talks pose a temporary optimism. The US Dollar Index (DXY) hovers around the 100.00 area during the early European session on Thursday. The recent upside stems from the Fed’s cautious stance and wait-and-watch approach. Moreover, market participants are looking for coming up US-China trade negotiations. -Are you looking for forex robots? Check our detailed guide-  The Fed’s post-meeting statement on Wednesday admitted inflation and unemployment risk as Jerome Powell cautioned about tariffs disrupting global trade. According to CME FedWatch Tool, markets are pricing…

NZD/USD may initially find support near the 50-day EMA at 0.5830.The 14-day RSI remaining above the 50 level suggests a sustained bullish bias.A breakout above the nine-day EMA at 0.5946 could pave the way for the pair to re-enter the ascending channel.The NZD/USD pair extends losses for the second successive session, trading around 0.5930 during European hours on Thursday. The technical analysis of the daily chart indicates a weakening bullish bias, as the pair trades further below the ascending channel pattern.Additionally, the NZD/SUD pair is positioned below the nine-day Exponential Moving Average (EMA), suggesting the short-term price momentum is weaker.…

The rupee gained 23 paise to 84.54 against the US dollar in early trade on Thursday, as the US Federal Reserve kept the federal fund rate steady.Forex traders said sustained foreign fund inflows and overall dollar weakness supported the local unit but geopolitical tensions continue to dent investor sentiments.At the interbank foreign exchange, the domestic unit opened at 84.61 and fell to an early low of 84.65 and a high of 84.54 against the greenback, registering a gain of 23 paise over its previous close.On Wednesday, the rupee depreciated 42 paise to close at 84.77 against the US dollar, as…

Gold price regains positive traction as trade-related uncertainties boost safe-haven assets.The USD struggles to attract any follow-through buying despite the Fed’s hawkish pause.Bulls seem unaffected by a positive risk tone, which tends to undermine the XAU/USD pair.Gold price (XAU/USD) sticks to its strong intraday gains through the Asian session on Thursday and currently trades around the $3,400 round figure mark. US President Donald Trump tempered hopes for a quick resolution to the US-China trade war by saying that he is in no real hurry to sign any deals. This, along with persistent geopolitical risks stemming from the Russia-Ukraine war, conflicts…

EUR/USD remained stuck to the 1.1300 region on Wednesday.The Fed’s rate hold was broadly expected, but an overly-cautious Powell caught markets by surprise.Investors are still holding out hope for a pivot toward rate cuts by July.EUR/USD stuck to its middling ways on Wednesday, remaining entrenched near the 1.1300 handle after the Federal Reserve’s (Fed) latest rate call went about as well as traders expected, albeit with a fresh batch of “wait-and-see” warnings from Fed Chair Jerome Powell. The economic calendar on the European side remains strictly mid-tier this week, leaving Fiber traders to sit and chew on a Fed that…

The Federal Reserve is expected to leave the policy rate unchanged for the third consecutive meeting.Fed Chairman Powell will speak on the policy outlook in a press conference.The US Dollar could stay resilient against its rivals if the Fed keeps its focus on the inflation outlook.The United States (US) Federal Reserve (Fed) will announce monetary policy decisions following the May policy meeting on Wednesday. Market participants widely anticipate the US central bank will leave policy settings unchanged for the third consecutive meeting, after cutting the interest rate by 25 basis points (bps) to the 4.25%-4.5% range in December.The CME FedWatch…