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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…

Rupee sheds 39 paise against dollar India’ strike against terror infrastructure in Pakistan and the fall in equity markets in early trading dragged the rupee down on Wednesday to its biggest single-day drop in a month even as the dollar gained ground against global currencies.The rupee, which opened about 14 paise weaker on Wednesday, closed at 84.8250 per US dollar, down about 39 paise vs previous close of 84.44.Indian defence forces launched missile strikes early Wednesday on nine terror targets in Pakistan to avenge the killing of 26 tourists in Pahalgam (Kashmir) by terrorists sponsored by the latter. This dampened…

Gold sees losses getting contained to only 1%  with China and the US top officials set to meet in Switzerland this weekend.Strikes and counterstrikes between India and Pakistan took place in early Wednesday.Gold remain poised for upside with tail risks plentiful on these China-US talks possibly breaking down.  Gold (XAU/USD) remains in steady trading on Wednesday around $3,390 at the time of writing and for most part in the European session, ahead of the Federal Reserve (Fed) rate decision and after statements from both China and the United States (US) confirmed that trade talks will kick off this weekend. US…

At the interbank foreign exchange, rupee opened at 84.65 and moved between an intra-day high of 84.47 and a low of 84.93 against the greenback The rupee depreciated 45 paise to close at 84.80 (provisional) against the US dollar on Wednesday, as heightened cross-border tensions following India’s military strikes against terrorist camps in Pakistan and Pakistan-Occupied Kashmir weighed on the domestic currency.Indian armed forces on early Wednesday carried out missile strikes on nine terror targets in Pakistan and Pakistan-Occupied Kashmir including the Jaish-e-Mohammad stronghold of Bahawalpur and Lashkar-e-Taiba’s base in Muridke.The military strikes were conducted under Operation Sindoor two weeks…

The USD/CAD forecast points to strength in the oil markets, which is boosting the loonie. China and the US will hold trade talks on Saturday. The Fed will likely keep rates on hold. The USD/CAD forecast points to strength in the oil markets due to hopes of a trade deal between China and the US. As a result, the commodity-sensitive Canadian dollar gained. However, the move was subdued as market participants looked forward to the FOMC policy meeting. -Are you looking for forex robots? Check our detailed guide-  Oil prices rose Wednesday after reports that China and the US will…

The Indian rupee weakened on Wednesday to log its worst single-day decline in a month as worries over an escalation in geopolitical conflict between India and Pakistan hit sentiment alongside a fall in Asian peers. India said it had struck nine Pakistani “terrorist infrastructure” sites, some of them linked to an attack by militants on tourists that killed 26 people in Indian Kashmir last month. Pakistan said it had shot down five Indian fighter jets in the worst fighting in more than two decades between the nuclear-armed neighbors.The Indian rupee closed lower by nearly 0.5% at 84.8250 against the U.S.…

The US Dollar Index remains stronger as investors adopt a cautious stance ahead of the Federal Reserve’s interest rate decision.The focus is on Fed Chair Jerome Powell’s comments, particularly against the backdrop of rising tariff tensions.US Treasury Secretary Bessent and Trade Representative Greer are set to meet with Chinese Vice Premier He Lifeng this weekend.The US Dollar Index (DXY), which tracks the value of the US Dollar (USD) against a basket of six major currencies, is trading around 99.50 during European hours on Wednesday, rebounding after losing over 0.50% in the previous session.The Greenback is gaining strength as markets turn…

The Rupee opened about 14 paise weaker on Wednesday in the wake of India conducting “Operation Sindoor” to destroy terror infrastructure in Pakistan and fall in domestic equity markets.The Indian unit opened at 84.58 per US Dollar against previous close of 84.44. The USDINR pair tested a high/ low of 84.61/84.53 in intraday trades so far. It is currently trading at 84.5075 per USD.The RBI is believed to be ensuring that the Rupee stays competitive vis-a-vis the Chinese Yuan, which is showing a depreciating trend. Amit Pabari, MD, CR Forex Advisors, observed that the decisive move by India to carry…