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Gold price declines to $3,315 in Wednesday’s early Asian session. Easing trade tensions weighs on the Gold price. The US ADP Employment Change, PCE and the flash Q1 GDP reports will be the highlights later on Wednesday. The Gold price (XAU/USD) extends the decline to near $3,315 during the early Asian session on Wednesday. The precious metal edges lower amid easing trade tensions and better risk sentiment in global markets. Traders will keep an eye on the US ADP Employment Change, Personal Consumption ExpendituresPrice Index (PCE) and the flash Q1 Gross Domestic Product (GDP) reports, which are due later on Wednesday. US President Donald Trump plans…

EUR/CAD trades near the 1.5800 zone after a muted performance during Tuesday’s session.The pair maintains a bullish bias, supported by strong moving averages despite some mixed momentum signals.Support and resistance levels remain clustered around the 1.5780 area, offering nearby technical guidance.The EUR/CAD was seen trading around the 1.5800 zone after the European session on Tuesday, showing little movement on the day after a slight decline. Despite the minor dip, the overall technical setup stays bullish. Indicators offer a mixed picture: the Relative Strength Index (RSI) holds a neutral stance around 57, the Moving Average Convergence Divergence (MACD) is flashing a…

The rupee consolidated in a narrow range and settled for the day 2 paise lower at 85.25 (provisional) against the US dollar on Tuesday, on recovery in the US dollar and geopolitical tensions between India and Pakistan. However, positive domestic markets and a decline in crude oil prices cushioned the downside for the domestic unit. At the interbank foreign exchange, the domestic unit opened at 85.06 and moved between the intra-day high of 84.96 and the low of 85.40 against the greenback. The unit ended the session at 85.25 (provisional), registering a fall of 2 paise over its previous closing…

The USD/JPY price analysis indicates an improvement in risk appetite. The US president said he was ready to reduce tariffs on automobiles. India will be the first to sign a trade deal with the US. The USD/JPY price analysis indicates an improvement in risk appetite following Trump’s promise to lower automotive tariffs. At the same time, progress on trade negotiations with countries like India has reduced the risk of a global trade war. However, the dollar remains fragile amid uncertainty over the fate of trade talks between the US and China.  If you are interested in automated forex trading, check…

EUR/USD softens to around 1.1415 in Tuesday’s early Asian session.Bessent said it’s up to China to de-escalate the trade war.Traders raise their bets on the ECB rate reductions. The EUR/USD pair edges lower to near 1.1415 during the early Asian session on Tuesday. The Euro (EUR) weakens against the US Dollar (USD) amid rising bets for further rate cuts from the European Central Bank (ECB) in June. Investors brace for further developments in US trade policy ahead of the release of highly anticipated US Nonfarm Payrolls (NFP) data on Friday.  US President Donald Trump said that there has been progress and…

The rupee appreciated 38 paise to close at 85.03 (provisional) against the US dollar on Monday, supported by sustained foreign fund inflows, easing crude oil prices and a bullish trend in domestic equities. Forex traders said strong domestic fundamentals, such as rising forex reserves also boosted investor sentiments. At the interbank foreign exchange, the domestic unit opened at 85.29 and moved between the intra-day high of 84.96 and the low of 85.42 against the greenback. The unit ended the session at 85.03 (provisional), registering a gain of 38 paise over its previous closing level. On Friday, the rupee settled lower…

The Indian rupee logged its best day in more than two weeks on Monday, aided by likely portfolio inflows into local equities while a key technical resistance near its year-to-date peak limited the currency’s rally. The rupee touched a peak of 84.98 against the U.S. dollar before ending the session at 85.03, up nearly 0.5% on the day. Benchmark Indian equity indexes, the BSE Sensex and Nifty 50, rose about 1.2% each on the day, outperforming their regional peers alongside the rupee.A sizeable portion of the benchmarks’ gains came from oil-to-telecom conglomerate Reliance Industries, which jumped more than 5% and…

The USD/CAD outlook reflects caution among traders ahead of Canada’s federal election. Sales in Canada decreased by 0.4% in February. The dollar held on to last week’s gains as traders awaited developments in the US-China trade war. The USD/CAD outlook reflects caution among traders ahead of Canada’s general election results. As a result, most have remained on the sidelines, keeping the pair in a tight range. Meanwhile, the dollar was steady as market participants hoped for a trade deal between China and the US.  Canada’s general election is on Monday. The outcome will determine the country’s future, especially its trade…

The rupee appreciated 12 paise to 85.29 against the US dollar in early trade on Monday, supported by strong domestic fundamentals, such as rising forex reserves and healthy capital inflows. Forex traders said a steady rise in reserves enhances India’s import cover, providing a crucial buffer against external shocks and lending stability to the rupee. However, the rupee could face pressure amid any escalation in tensions between India and Pakistan as geopolitical uncertainties like these tend to drive investors toward safer assets, causing outflows from emerging markets and weakening local currencies like the rupee.At the interbank foreign exchange, the domestic…

Indian Rupee steadies in Monday’s Asian session. Concerns over geopolitical tensions between India and Pakistan weigh on the Indian Rupee. Rising foreign inflows and lower crude oil prices might help limit the INR’s losses. The Indian Rupee (INR) holds steady on Monday. Rising tension with Pakistan could trigger a risk-off sentiment among traders, which might drag the Indian currency lower. The ceasefire violation along the Line of Control (LoC) came days after the Pahalgam terror attack, which killed 26 people, mostly tourists, in the Baisaran valley near Pahalgam, Jammu and Kashmir. On the other hand, Foreign Portfolio Investors (FPIs) continued to buy Indian equities…