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EUR/JPY rises as the Japanese Yen weakens due to Trump’s consideration of additional tariffs of 30% or 35% on Japan.The Japanese Yen also faces challenges due to the BoJ’s caution over interest rate hikes.ECB’s Lane said that the central bank must stand ready to counter any deviation in CPI.EUR/JPY retraces its recent losses from the previous session, trading around 169.40 during the early European hours on Wednesday. The currency cross maintains its position near 169.86, the highest since July 2024, which was recorded on June 30, 2025.The EUR/JPY cross gains ground due to the weaker Japanese Yen (JPY), driven by…

Gold price edges lower on Wednesday amid a modest USD recovery from a multi-year low. A positive risk tone further fails to assist the commodity to build on its two-day-old uptrend.Fed rate cut bets should cap the USD and support the XAU/USD pair amid trade uncertainties.Gold price (XAU/USD) trades with a mild negative bias during the early European session on Wednesday and for now, seems to have snapped a two-day winning streak to a one-week top touched the previous day. The US Dollar (USD) ticks higher and moves away from a three-and-a-half-year low, which, in turn, undermines the commodity. Moreover,…

Puzzle-shaped 100 American dollar banknote and gold-colored Indian Rupee symbol. On a charcoal green-colored background. Horizontal composition with copy space. Isolated with clipping path. | Photo Credit: Baris-Ozer The rupee traded in a narrow range and depreciated 4 paise to 85.63 against the US dollar in early trade on Wednesday, as market awaits the conclusion of India-US trade deal, which is at its final stage.Forex traders said the dollar index continued to remain under pressure against major peers as traders considered the dovish hints from FED chair Jerome Powell.At the interbank foreign exchange, the domestic unit opened at 85.59 against…

GBP/USD slips 0.07% after hitting 1.3788; stalls just shy of psychological 1.3800 level.US JOLTS job openings hit 7-month high; ISM manufacturing improves slightly but remains in contraction.BoE’s Bailey signals softening labor market; UK Manufacturing PMI holds steady at 47.7.The Pound Sterling (GBP) loses ground versus the US Dollar after hitting a new three-year peak of 1.3788, just shy of the 1.3800 figure. Economic data from the United States (US), along with dovish comments of the Bank of England’s (BoE) Governor Bailey, exerted downward pressure on the pair. The GBP/USD trades at 1.3721, down a minimal 0.07%.Sterling retreats to 1.3721 after…

The Euro rose to 1.1830, its highest level since September 2021, before easing slightly.Eurozone CPI hits 2.0%, matching ECB’s target, core Inflation steady at 2.3%.US ISM PMI and JOLTS Job Openings beat forecasts, lifting the US Dollar Index.The Euro (EUR) edges modestly lower against the US Dollar (USD) during the American session on Tuesday, after briefly rising above the 1.180 mark earlier in the day, its highest level since September 2021. The Euro found support from signs that inflation in the Eurozone is stabilizing, boosting investor confidence in the region’s economic outlook.At the time of writing, EUR/USD is hovering near…

USD/CAD rises as Fed Powell’s comments at the ECB Forum raise expectations of a rate cut in September.Fed Chair Powell: “As long as the US economy is in a solid shape, the prudent thing to do is wait.”The US ISM Manufacturing PMI and JOLTS job data beat expectations, reflecting a more resilient US economy.The Canadian Dollar (CAD) is edging lower against the US Dollar (USD) on Tuesday, as traders digest the latest remarks from Federal Reserve (Fed) Chair Jerome Powell. Central bank speakers gather at the European Central Bank (ECB) Forum in Sintra, Portugal, providing insight into monetary policy.As of this…

Rupee appreciated 25 paise to close at 85.51 (provisional) against the US dollar on Tuesday, supported by weakness of the American currency in the overseas market and a positive tone in the domestic equities amid rise in risk appetite. Forex traders said the US dollar is trading at lowest levels since February 2022 as President Donald Trump’s growing influence on Federal Reserve policy revived fears over the central bank’s independence. Moreover, Brent crude prices remained subdued, offering a buffer to India’s import bill and helping cool inflation. At the interbank foreign exchange, the domestic unit opened at 85.66 against the…

The USD/JPY price analysis indicates rising demand for the safe-haven yen. Uncertainty over trade deals dampened risk appetite. Goldman Sachs believes the Fed will deliver three 25-bps rate cuts this year. The USD/JPY price analysis indicates rising demand for the safe-haven yen amid fiscal and trade uncertainty. At the same time, the dollar weakened due to increasing expectations for Fed rate cuts this year.  –Are you interested in learning more about MT5 brokers? Check our detailed guide- The yen surged on Tuesday as fiscal concerns in the US prompted traders to seek safety. Market participants are concerned about Trump’s huge…

The Euro hesitates near highs, supported by a weak US Dollar.A mix of trade uncertainty, US debt concerns, and bets on Fed rate cuts is hammering the US Dollar.EUR/USD has reached overbought levels at 1.1800, a correction looks likely.The EUR/USD pair is trading practically flat around 1.1790 at the moment of writing on Tuesday, edging slightly down after a nine-day rally that reached levels above 1.1800 for the first time in almost four years.The Greenback remains on the defensive, hit by a mix of concerns about the chaotic US trade policy, mounting fears about the country’s fiscal debt, and rising…

Silver attempts to break higher as demand for safe-haven assets increases on Tuesday. Renewed concerns about tariffs have dampened investors’ optimism XAG/USD shows hesitation above a key support level at $35.40. Silver (XAG/USD) is extending its rebound from Monday’s lows at $3540 to intra-day highs at $36.50 so far, with precious metals supported by higher demand for safe havens, amid an increasingly cautious market sentiment.Trump’s comments complaining about the lack of progress on the trade talks with Japan and Treasury Secretary Scott Bessent’s threats to introduce tariffs on July 9 despite ongoing negotiations have revived concerns about the global trade…