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EUR/USD trades near the 1.1300 zone after climbing modestly post-European session.Bullish structure remains supported despite mixed momentum signals.Upward-sloping trend indicators reinforce strength, with support levels holding below.The EUR/USD pair edged higher on Monday, trading around the 1.1300 zone following the European session. Price action stayed confined within the mid-range of the day’s movement, reflecting a steady grind higher rather than an impulsive breakout. While some momentum indicators suggest consolidation, the broader trend remains clearly bullish, backed by firm alignment across key moving averages.Technically, EUR/USD continues to flash a bullish overall signal. The Relative Strength Index is neutral near 58, showing…

Gold price rallies more than 2% on Monday with nervousness towards the Fed interest-rate decision. Geopolitical risks coming from Trump and Israel are pushing investors back into Gold.The Greenback is losing its status as safe haven in favor of Bullion. Gold (XAU/USD) rises by more than 2% on Monday to $3,317 at the time of writing, as geopolitical risk surges. The Houthi attack that hit Ben Gurion airport this weekend and Israel’s promise to retaliate while preparing for a broad ground offensive in Gaza are elevating risks again in the region. Meanwhile, US President Donald Trump said that military action might…

The rupee surged 24 paise to 84.33 (provisional) against the US dollar on Monday, supported by a sharp decline in crude oil prices and a positive trend in domestic equities. Robust equity inflows — totalling ₹2,769.81 crore — reflect continued foreign investor interest in Indian assets, forex traders said, adding while capital inflows offer support, global uncertainties could cap gains. At the interbank foreign exchange, the domestic unit opened at 84.45 and moved between the intra-day high of 84.10 and the low of 84.47 against the greenback. The unit ended the session at 84.33 (provisional), registering a gain of 24…

The Indian rupee strengthened on Monday, tracking a rise in the offshore Chinese yuan and comforted by falling crude oil prices, even as dollar demand from importers and a large foreign bank ate into some of the currency’s intraday gains. The rupee closed at 84.25 against the U.S. dollar, up 0.4% on the day. The currency had touched a peak of 84.1275 in early trading but trimmed gains in the latter half of the session. The dollar index was down 0.2% at 99.6 while the offshore Chinese yuan touched a near six-month high of 7.1876, buoyed by optimism about trade…

The USD/JPY outlook shows a stronger yen at the start of the week. The BoJ faces high food inflation, strong wage growth, and the possibility of a weak yen. US employers added 177,000 new workers, beating estimates of 138,000. The USD/JPY outlook shows a stronger yen at the start of the week, as market participants maintain hopes for further BoJ tightening. Meanwhile, the dollar strengthened against the yen briefly on Friday after an upbeat US employment report.  -Are you looking for forex robots? Check our detailed guide-  The yen collapsed Thursday after the Bank of Japan kept interest rates unchanged.…

EUR/USD moves higher to near 1.1325 as the US Dollar faces selling pressure ahead of the Fed’s monetary policy meeting on May 6-7.US President Trump said he is confident about closing trade deals this week.The ECB is expected to continue lowering interest rates despite the increase in Eurozone inflation in April.EUR/USD trades slightly higher to near 1.1325 during the European trading hours on Monday,  further gaining ground after touching a three-week low of 1.1265 late last week. The major currency pair rises as the US Dollar (USD) on persistent uncertainty over United States (US)-China trade relations and as investors turn…

The rupee gained 39 paise to 84.18 against the US dollar in early trade on Monday, as continued foreign investor interest in Indian assets lent fundamental support to the local unit. Forex traders said a sharp decline in crude oil prices and a positive trend in domestic equities enthused investors further. Brent crude oil prices slumped nearly 4 per cent in the morning Asian trade after OPEC+ signalled over the weekend that they will further increase production in the coming months. At the interbank foreign exchange, the domestic unit opened at 84.45 and fell to an early low of 84.47…

The Japanese Yen attracts buyers for the second straight day amid reviving safe-haven demand. A modest USD downtick drags USD/JPY further away from a multi-week high touched on Friday. The BoJ’s dovish pause might cap JPY gains as the focus shifts to the FOMC meeting this week. The Japanese Yen (JPY) remains on the front foot against a broadly weaker US Dollar (USD) for the second consecutive day and drags the USD/JPY pair back closer to the 144.00 mark during the Asian session on Monday. Heightened economic uncertainty in the wake of US President Donald Trump’s erratic trade policies, to…

The Organization of the Petroleum Exporting Countries and allies (OPEC+) is set to further speed up oil output hikes. Citing five sources, Reuters reported that this could bring back to the market as much as 2.2 million barrels per day by November. The June increase from the eight will take the total combined hikes for April, May and June to 960,000 bpd, representing a 44% unwinding of the 2.2 million bpd of various cuts agreed on since 2022, according to Reuters calculations.The decision follows a surprise move in April by agreeing to a bigger-than-expected output hike for May despite weak prices and slowing demand.Market reactionAt…

Apex exporters’ body FIEO has urged the RBI to publicly share information on banks offering the rupee trade settlement system (SRVA) as lack of awareness is limiting its use. The system simplifies trade and saves foreign exchange, but many exporters do not know where to access it, Federation of Indian Export Organisations (FIEO) President S C Ralhan told PTI. In 2023, the Reserve Bank permitted banks operating in the country to open Special Rupee Vostro Accounts (SRVAs) of partner banks from specified countries as part of efforts to promote bilateral trade in local currencies. This enables exporters and importers to…