Author: admin

Whether it has been the approach of public holidays or some real improvement in the global geopolitical environment, cross-market measures of financial volatility continue to fall. US equities have now nearly retraced 90% of their drop in the aftermath of ‘Liberation Day’, with Meta and MSFT delivering decent 1Q results overnight. Amazon and Apple report today. Helping some of the recent improvement in mood has been news from the Chinese state broadcaster that the US has reached out for trade talks. And a report late yesterday that EU trade negotiators have offerings to bring to the table next week has…

EUR/JPY advances as the Japanese Yen weakens as the BoJ left its key interest rate unchanged at 0.5% on Thursday.The BoJ also lowered its median core CPI forecast for fiscal 2026 to 1.7%, down from 2.0% in January.Markets have largely priced in a 25 basis point rate cut by the European Central Bank (ECB) at its June meeting.EUR/JPY halts its three-day losing streak, rebounding to around 162.50 during Asian trading hours on Thursday. The recovery in the currency cross comes as the Japanese Yen (JPY) weakens across the board, following the Bank of Japan’s (BoJ) widely expected decision to maintain…

The Bank of Japan is expected to hold interest rates at 0.50% in its May meeting.The uncertainty related to the United States-inspired trade war will be at the centre of the decision.The Japanese Yen could ease further with the BoJ’s anticipated decision. The Bank of Japan (BoJ) will announce its decision on monetary policy after a two-day meeting on Thursday, and market participants widely anticipate policymakers will keep the benchmark interest rate on hold at 0.50%. The focus will then shift to any signs of future monetary policy actions in the foreseeable future, alongside fresh economic projections, with the Japanese…

EUR/USD trades near the 1.1350 zone, dipping slightly during Wednesday’s session after earlier gains.The broader bullish bias remains intact, supported by strong positioning of short- and long-term moving averages.Key support lies at 1.1265 and 1.1212, while resistance levels appear around 1.1354 and 1.1390.After the European session on Wednesday, EUR/USD was seen moving lower toward the 1.1350 area, retreating modestly from earlier highs. Despite this intraday softness, the pair maintains a bullish outlook, largely supported by the positioning of its moving averages. Technical indicators such as the Relative Strength Index (RSI), the Moving Average Convergence Divergence (MACD), and the Commodity Channel…

Adding to the optimism, US Treasury Secretary Scott Bessent hinted that India could become the first country to sign a trade deal with the US The rupee closed at its highest level in about five months on Wednesday, buoyed by a weak Dollar, easing crude oil prices and foreign investor inflows into the domestic equity markets. This came even as tensions continued on the border between India and Pakistan, with the latter violating ceasefire along the line of control, and US continuing to stand its ground on tariffs. The rupee, which opened stronger at 85.15, closed 76 paise stronger on…

Gold price retraces losses on Wednesday after US GDP turns negative. Traders sent Gold initially lower after President Trump signed an order to ease tariffs on car parts. Both daily resistances and supports for Gold are narrowing, signaling the increasing chances of a breakout, from a technical point of view. Gold price (XAU/USD) is recovering from incurred losses and trades around $3,288 on Wednesday after the US Gross Domestic Product and Personal Consumption Expenditures (PCE).  Bullion is facing a second day of some profit taking after United States (US) President Donald Trump signed an executive order to ease tariffs on car…

The rupee surged 38 paise to 84.58 (provisional) against the US dollar on Wednesday as trade-deal hopes and foreign fund inflows boosted investor sentiments.US President Donald Trump’s statement that tariff talks with India are in a positive direction enthused investors, forex dealers said.However, geopolitical tensions between India and Pakistan and a muted sentiment in domestic equities weighed on investor sentiments.At the interbank foreign exchange, the domestic unit opened at 85.15 and moved between the intra-day high of 84.47 and the low of 85.15 against the greenback. The unit ended the session at 84.58 (provisional), registering a gain of 38 paise…

The Indian rupee braved multiple headwinds in April including U.S. trade policy flip-flops and India-Pakistan tensions to come out stronger on the back of inflows into equities and as exporters ramped up dollar sales. On the last trading day of the month, the local unit touched its year-to-date high and closed at 84.4875 against the U.S. dollar, up 0.91% on the day, and the highest since November 29. The currency rose 1.2% on the month, its second consecutive monthly rise, which helped extend a sharp reversal in the rupee’s fortunes after it plumbed to an all-time low of 87.95 in…

The oil market continued to decline for a third straight session this morning, ING’s commodity experts Ewa Manthey and Warren Patterson note. Prices are about to witness their record monthly loss”WTI is trading back below $60/bbl while ICE Brent is down about 15% this month, with prices about to witness their record monthly loss. Lingering tariff risks and expectations of OPEC+ loosening output curbs continue to pressure oil prices. Meanwhile, a bearish inventory report from the American Petroleum Institute (API) further weighed on prices.””Numbers overnight from the API show that US crude oil inventories increased by 3.8m barrels over the…

On Tuesday, the rupee gained 27 paise to settle at 84.96 against the US dollar | Photo Credit: FRANCIS MASCARENHAS The rupee depreciated 19 paise to 85.15 against the US dollar in early trade on Wednesday, driven by renewed geopolitical tensions and increased demand for the US dollar, which together exerted pressure on the local unit.Forex traders said geopolitical tensions between India and Pakistan have sparked risk-off sentiment in the market leading to the rupee weakness.However, foreign fund inflows and crude oil prices cushioned the downside for the domestic unit.At the interbank foreign exchange, the domestic unit opened at 85.15…