Author: admin
The USD/JPY price analysis indicates optimism following reports of a trade deal between the US and Japan. Japan will invest $550 billion in the US. Japan’s PM Shigeru Ishiba might resign next month. The USD/JPY price analysis indicates optimism following reports of a trade deal between the US and Japan, which has boosted the yen. However, the currency gave up some of its gains after reports that Japan’s Prime Minister is planning to step down next month. –Are you interested in learning more about ETF brokers? Check our detailed guide- The yen soared after Trump announced a trade deal with…
It was just a brief dip below the 1.16 mark last week. Early this morning, EUR-USD is trading almost 2 cents higher around 1.1740. As our currency indices indicate (which measure the performance of currencies against the G10 average), the downward movement and now the upward movement can primarily be attributed to the USD side. In contrast, the euro has been trading more or less sideways the entire month, Commerzbank’s Head of FX and Commodity Research Thu Lan Nguyen notes. Recent rise in EUR/USD risk reversals seems justified”The US Dollar recovery in the first half of July was likely driven…
The rupee depreciated 2 paise to 86.40 against the US dollar in early trade on Wednesday, amid outflow of foreign funds and higher crude oil prices. According to forex traders, positive sentiment in domestic equity markets capped a sharp fall in the rupee even as the American currency strengthened after the US announced a trade deal with Japan. At the interbank foreign exchange, the domestic unit opened weak at 86.46 and recovered slightly to trade at 86.40 against the greenback in initial deals, 2 paise lower from its previous closing level. At the end of Tuesday’s trading session, the local…
EUR/JPY steadies as Japan and the EU brace for escalating tensions with the US.ECB rate decision serves as an additional catalyst for EUR/JPY.EUR/JPY consolidates above moving average resistance near 172.00.The Euro (EUR) is trading in a tight range against the Japanese Yen (JPY) on Tuesday as trade tensions between the United States and its key partners remain a central focus. With EU-US and US-Japan trade talks currently underway, EUR/JPY is trading near 172.00 at the time of writing.Japan and the EU brace for impact as the US tariff deadline nearsBoth Japan and the European Union are preparing for a significant…
The Dow Jones was flat on Tuesday after the tech rally sputtered, dragging chip stocks lower.Trump continues his campaign against Fed Chair Powell.Investors fumbled their bullish stance as earnings season sees a few dark spots.The Dow Jones Industrial Average (DJIA) remains trapped in consolidation around the 44,400 region on Tuesday. Earnings week is in full swing, and a few key misses on Tuesday gave investors cause for pause, twisting a kink into the tech rally and dragging down key blue chips.United States (US) President Donald Trump still has a lot to say about Federal Reserve (Fed) Chair Jerome Powell. The…
Gold extends gains above $3,400 as Trump ramps up criticism over Fed Chair Powell.Dollar weakness, rising safe-haven demand, and escalating trade tensions continue to support bullion.XAU/USD trades near $3,430 at the time of writing, with the $3,452 June high in focus.Gold (XAU/USD) is experiencing a fresh bout of optimism on Tuesday as trade tensions and concerns about the Federal Reserve’s (Fed) independence continue to lend support through safe-haven demand.The precious metal is hovering trading above the $3,400 level, with gains nearing 1% at the time of writing as bullish momentum builds.Trade talks and Fed independence remain in focus, supporting Gold’s…
The rupee pared initial gains and settled for the day down 5 paise at 86.36 (provisional) against the US dollar on Tuesday, amid uncertainty over the US-India trade deal ahead of the August 1 deadline. Forex traders said, all eyes are now on the outcome of India-US trade talks, especially as the August 1 deadline for potential tariffs on Indian exports draws near. The weakness in the American currency and softening of crude oil prices supported the rupee at lower levels, while foreign fund outflows and a negative trend in domestic equities weighed on the local unit and restricted the…
The USD/CAD outlook indicates a slight rebound in the dollar. All eyes are now on the looming August 1 tariff deadline. The European Union is planning a tariff retaliation. The USD/CAD outlook suggests a slight rebound for the dollar as traders await updates on tariffs. The greenback fell on Monday amid uncertainty about ongoing trade talks. At the same time, market participants were concerned about the Fed’s independence amid the continuing conflict between Trump and Powell. –Are you interested in learning more about ETF brokers? Check our detailed guide- All eyes are now on the looming August 1 tariff deadline.…
The Dollar holds marginal gains with investors cautious amid growing trade uncertainty.Risk appetite remains subdued as the trade talks with the European Union and Japan remain stalled.The DXY trades 0.15% above Monday’s lows, but still 1% below last week’s highs.againstThe US Dollar is trading moderately higher against its main peers on Tuesday, as US Treasuries rebound on the back of renewed concerns about global trade uncertainty. Still, it remains well below last week’s highs.The negotiations with the European Union and Japan continue, but remarks from Eurozone negotiators suggest that the growing demands from the US are frustrating the deal. The…
Recent UK data releases have not endorsed the market’s tentative speculation on faster Bank of England easing, and two-year GBP swap rates are around 8bp above last week’s lows. Expectations are firmly back on a cut in August and one in December – which is also our call, ING’s FX analyst Francesco Pesole notes.No meaningful impact on the pound this morning”With the rewidening of the EUR:GBP short-term rate differential in favour of the pound over the past couple of weeks, EUR/GBP’s resilience suggests markets are attaching some risk premium to the pair, which we currently estimate to be 0.8% overvaluation.…