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The Euro retreats from three-week highs with the bullish trend intact on hopes of an EU-US trade deal.News reports anticipate an agreement that would include 15% baseline tariffs for EU products.The ECB is expected to leave rates on hold, but it might hint at further easing down the road.The EUR/USD pair is trimming gains on Thursday, after having rallied on news reports that the European Union (EU) and the United States (US) might be close to a trade deal. The positive preliminary Eurozone PMIs have failed to support the common currency, as investors close Euro long positions ahead of the…

The Pound Sterling faces selling pressure against its peers due to moderate growth in preliminary UK PMI data for July.Hopes of US-EU trade deal have improved demand for risk-perceived assets.The Fed is expected to leave interest rates steady next week.The Pound Sterling (GBP) declines against its major peers on Thursday as the preliminary United Kingdom (UK) S&P Purchasing Managers’ Index (PMI) report for July has shown that the overall business activity grew at a slower-than-projected pace. The Composite PMI come in at 51.0, lower than estimates of 51.9 and 52.0 in June, suggesting that the overall business activity continued to…

The rupee pared its initial gains and settled for the day 1 paisa higher at 86.40 (provisional) against the US dollar on Thursday, as risk aversion in global markets and an overnight recovery in crude oil prices dented investors’ sentiments. Forex traders said uncertainty over the India-US trade deal has been an overhang for the forex market, leaving the rupee trading in a tight range. Moreover, a negative trend in domestic equities and foreign fund outflows weighed on investors’ sentiments and restricted the upmove of the local unit. At the interbank foreign exchange, the domestic unit opened at 86.33 against…

The Indian rupee snapped a six-session losing streak on Thursday but was unable to end the day higher despite gains in Asian peers as dollar demand from foreign banks, likely driven by foreign portfolio outflow, continued to exert pressure. The rupee closed at 86.4050 against the U.S. dollar, barely changed from its close at 86.4075 in the previous session. Traders pointed to dollar demand from at least three foreign banks keeping pressure on the rupee, even as most Asian peers rose, with the offshore Chinese yuan hitting an eight-month peak before trimming gains.However, the Thai baht declined alongside the country’s…

 Forex traders said uncertainty over the India-US trade deal has been a huge overhang for the forex market. The rupee appreciated 17 paise to 86.24 against the US dollar in early trade on Thursday, tracking the weakness of the American currency in the overseas market. Forex traders said uncertainty over the India-US trade deal has been a huge overhang for the forex market, leaving the rupee trading in a tight range. Moreover, a negative trend in domestic equities and foreign fund outflows dented investors’ sentiments and restricted the upmove of the local unit. At the interbank foreign exchange, the domestic…

The Euro weakens against the Pound as focus shifts to Thursday’s ECB policy decision.The ECB is expected to keep rates unchanged at 2.00%.Eurozone Consumer Confidence improves to -14.7 in July.The Euro (EUR) weakens against the British Pound (GBP) on Wednesday as investors turn their focus to the European Central Bank (ECB) policy decision due Thursday. The EUR/GBP cross is under pressure, trading around 0.8655 during the American trading hours, down nearly 0.43% on the day.Wednesday’s pullback in the pair follows a short-lived rally earlier this week, as investors reassess Eurozone monetary policy prospects amid fading rate cut expectations. The central…

Gold pulls back from recent highs as US-Japan trade deal boosts sentiment.US Dollar strength and rising yields limit gains for bullion but Fed policy uncertainty and trade tensions limit losses. XAU/USD hovers above $3,400 while the precious metal remains vulnerable to shifts in risk sentiment and the broader outlook for the US Dollar.Gold is undergoing a modest pullback on Wednesday, as markets assess the implications of a United States (US)–Japan trade agreement and remain cautious ahead of further developments in the European Union (EU)–US negotiations.Despite the correction, XAU/USD is holding above the $3,400 mark, supported by lingering tariff risks and…

In a world where economic uncertainty, market volatility and geopolitical tensions are commonplace, many American savers are turning to Gold as a cornerstone of their retirement planning strategy.Including Gold in an Individual Retirement Account (IRA) may seem unusual, but this approach is gaining ground, driven by the search for security and diversification. Why is it so popular? And how can Gold be effectively integrated into your retirement savings?Why is Gold attractive to long-term investors?Gold has always been regarded as a safe haven. Unlike Equities or Bonds, its price does not depend directly on company results or central bank decisions.In times…

USD/CAD bulls recover above 1.3600 support, firms at 1.3540.USD/CAD remains cautious as US political and trade uncertainty weigh on the Greenback.US-Japan trade deal limits USD losses as Canada braces for steep 35% tariffs as the August deadline nears.USD/CAD is trading slightly higher on Wednesday, hovering just above the 1.3600 level, as a US-Japan trade agreement offers the Greenback some short-term relief. Despite this uptick, the broader picture for the US Dollar remains fragile amid persistent political uncertainty surrounding the Federal Reserve (Fed) and rising trade tensions. US-Japan trade deal limits USD losses as Canada braces for 35% hefty tariffsLooking ahead,…

The AUD/USD forecast indicates a stronger Australian dollar as risk appetite improves. Trump announced a trade deal with Japan. Economies like the EU, Canada, Mexico, South Korea, and Brazil are still facing the risk of higher tariffs. The AUD/USD forecast indicates a stronger Australian dollar as risk appetite improves following the US-Japan trade deal. Market participants are hopeful more countries will sign deals before the August 1 tariff deadline.  –Are you interested in learning more about ETF brokers? Check our detailed guide- The Australian dollar rallied after Trump announced a trade deal with Japan. The trade agreement leaves Japan with…