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EURUSD trades near the 1.1400 area, slipping slightly after the European session.The bullish bias persists despite mixed short-term momentum signals.Resistance seen around 1.1378; support zones near 1.1335 and 1.1215.The EURUSD pair was seen hovering near the 1.1400 region on Friday after easing slightly in the aftermath of the European session. The pair is consolidating within a narrow range between 1.1315 and 1.1391, reflecting a pause in bullish momentum while still holding ground near recent highs.Technically, the broader picture remains constructive. The 20-day, 100-day, and 200-day simple moving averages all point higher, supporting the ongoing bullish trend. Shorter-term indicators like the…

UK Retail Sales surprise to the upside but fail to lift Sterling.US Consumer Sentiment drops sharply; inflation expectations surge to multi-year highs.Markets digest mixed trade signals as China mulls tariff exemptions on US goods.The Pound Sterling registers losses against the strong US Dollar, yet it remains above 1.3300.  A strong UK Retail Sales report failed to underpin Cable, which registers losses of 0.20% as the GBP/USD trades at 1.3311.GBP/USD holds above 1.3300 amid weak US sentiment, hot inflation expectations, and ongoing tariff dramaThe financial markets’ narrative hasn’t changed, with traders focused on US President Donald Trump’s trade policies and China’s…

Silver price falls sharply to near $33.00 on hopes of de-escalation in Sino-US trade war.China considers pausing tariffs on some US imports.Beijing denies any economic and trade talks with the US.Silver price (XAG/USD) plunges more than 1.5% to near $33.00 during North American trading hours on Friday. The white metal falls sharply from its three-week high of $33.70 posted earlier in the day. The asset weakens as investors have become increasingly confident that the United States (US) and China will make a deal sooner.Hopes of a truce on a trade war between the world’s two largest powerhouses have increased as…

The US Dollar in positive for this week, sticking to the range where it is in against most major peers. China has denied comments as trade talks are underway between China and the US. The US Dollar Index remains capped below the 100.00 round level. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, trades on the front foot, up around 0.40% on Friday at the time of writing. Traders are divided, though, after the US and China left contradictory comments on whether trade deal negotiations are taking place. United States (US) President Donald…

India’s foreign exchange reserves rose by USD 8.31 billion to reach USD 686.145 billion for the week ending April 18, marking the seventh consecutive week of growth.  | Photo Credit: Dado Ruvic/Reuters India’s forex reserves jumped USD 8.31 billion to USD 686.145 billion for the week ended April 18, the RBI said on Friday. This is the seventh consecutive week of a rise in the kitty, which had jumped by USD 1.567 billion to USD 677.835 billion in the previous reporting week ended April 11. The forex reserves had touched an all-time high of USD 704.885 billion in end-September 2024.…

The Indian rupee ended weaker in a volatile session on Friday as investors stayed cautious amid fears of an escalation in tensions with Pakistan after a militant attack in Kashmir earlier this week. The rupee ended 0.2% lower against the U.S. dollar at 85.45 compared with its previous close of 85.26. It moved between 85.09 and 85.6550 on Friday. The local unit dropped about 0.1% week-on-week.The rupee’s “inability” to rise above its key psychological level of 85 and month-end dollar payments “exacerbated” its downward move, a trader with a private bank said. Indian stock markets dropped on Friday, significantly underperforming…

The USD/JPY price analysis indicates accelerating price pressures in Japan. Tokyo’s CPI increased by 3.4%, which is above forecasted to be a 3.2% increase. The dollar regained appeal as trade tensions between China and the US eased. The USD/JPY price analysis indicates accelerating price pressures in Japan, which may prompt the Bank of Japan to raise rates. However, policymakers remain concerned about the economic impacts of Trump’s tariffs. Meanwhile, easing trade tensions between China and the US supported the dollar. -Are you interested in learning about the forex indicators? Click here for details- The yen strengthened briefly on Friday after…

The rupee gained 25 paise to 85.08 against the US dollar in early trade on Friday, supported by significant foreign fund inflows and the rhetoric from the US trade secretary that India could be the first to sign a trade tariff treaty. Forex traders said India is presenting a picture of quiet strength. The Reserve Bank of India, in its recent bulletin, emphasised India’s growing economic resilience, driven by strong macro fundamentals, diverse trade ties, and rising global interest in Indian markets. A prospective trade agreement with the US further boosts India’s strategic edge, they noted. At the interbank foreign…

Global brokerage pegs India’s GDP growth at 5.8 per cent by the end of FY26 | Photo Credit: VIVEK PRAKASH Global brokerage Nomura estimates the rupee to appreciate to around 84/$ by the end of the year, and sees muted returns of low-single digits for the Nifty 50 in the current financial year. “There will be some active dollar purchases, cleaning up of the RBIs net short positions in the forward book, and potential accumulation of reserves by the RBI,” said Craig Chan, global head of FX strategy at Nomura Securities. The Reserve Bank of India has been rebuilding its…

The Indian rupee ended higher on Thursday as speculators failed to take the unit below a well-recognised support level, with dollar sales by exporters also helping. The rupee ended 0.2% higher at 85.26 to the U.S. dollar, compared to its previous close of 85.42. The local unit had slipped to an intraday low of 85.6625 in the session, but managed to recoup losses as it failed to move beyond a “crucial” support zone of 85.70-85.80, said a foreign bank trader.The rupee “seems poised to find support around the 85.80 level, with upside capped near 85 to a dollar,” Sugandha Sachdeva,…