Author: admin

The rupee traded in a narrow range and appreciated 5 paise to 86.26 against US dollar in early trade on Tuesday, tracking a positive trend in domestic equities. Forex traders said uncertainty over the eventual state of tariffs globally has been a huge overhang for the forex market, leaving currencies trading in a tight range. At the interbank foreign exchange, the domestic unit opened at 86.26 against the greenback, registering a rise of 5 paise over its previous close. In Initial trade, it also touched 86.29 against the American currency. On Monday, the rupee depreciated 15 paise to close at…

EUR/CHF edges higher amid speculation of intervention from the Swiss National Bank in currency markets.EU–US trade talks stall ahead of August tariff deadline, fueling market uncertainty and limiting EUR/CHF gains.EUR/CHF tests key Fibonacci resistance as downtrend holds, while bearish momentum fades.The Euro (EUR) is edging higher against the Swiss Franc (CHF). On Monday, fundamental dynamics are increasingly shaping the trajectory of EUR/CHF. With recent data pointing to possible intervention by the Swiss National Bank (SNB), the pair has recovered to trade above 0.9330 at the time of writing.Swiss Franc under pressure as SNB deposits spike, lifting EUR/CHF off key supportAccording…

Gold rallies as tariff risks and trade tensions fuel demand for safe-haven bullion. EU-US trade talks stall as President Trump increases demands, sending the US Dollar lower.XAU/USD threatens psychological resistance at $3,400 as bullish momentum increases.Gold (XAU/USD) is benefiting from renewed trade tensions on Monday, which have triggered demand for the safe-haven yellow metal.As the August 1 tariff deadline looms, prospects of a deal between the European Union (EU) and the United States (US) are fading. As a result, XAU/USD has recovered with the price hovering near $3,400 at the time of writing.EU-US trade tensions rise, lifting demand for GoldOngoing…

The US Dollar starts the week under pressure, slipping against major currencies on Monday.Political pressure on Fed Chair Jerome Powell intensifies after DOJ referral over alleged perjury.The DXY US Dollar Index is retesting a critical support zone near 98.80-98.00, showing signs of fading momentum.The US Dollar (USD) kicks off the week on the back foot, slipping against major currencies in Monday trading. Investors are reacting to renewed trade tensions ahead of the August 1 deadline and a generally cautious market sentiment. Despite mostly solid US economic data lately, the Greenback is feeling the heat from ongoing uncertainty surrounding the US…

The rupee depreciated 14 paise to close at 86.30 (provisional) against the US dollar on Monday due to consistent dollar demand from oil importers.Forex traders said after breaching the crucial 86 level, the rupee continued its decline, which intensified the downward trend, tracking a strengthening dollar index.At the interbank foreign exchange, the domestic unit opened at 86.27 against the greenback and touched an intra-day high of 86.19 and a low of 86.36 against the greenback.At the end of Monday’s trading session, the local unit settled at 86.30, down 14 paise over its previous closing price.On Friday, the rupee settled 4…

The Indian rupee logged a modest decline on Monday, pressured by dollar bids from foreign and local private banks, though broad-based weakness in the greenback helped the local currency limit further losses. The rupee closed at 86.2925 against the U.S. dollar, down about 0.2% on the day, after touching a near one-month low of 86.35 earlier in the session. Asian currencies were flat-to-slightly higher, while the dollar index declined by nearly 0.2% to 98.2.The Indian rupee and the Indonesian rupiah are among the few regional currencies nursing losses on the year so far, even as their peers, such as the…

The USD/JPY forecast shows a resilient yen despite a shift in Japan’s political landscape. Japan’s ruling party lost the election on Sunday. If there is no trade deal by August 1, Japan might face a 25% tariff on its goods. The USD/JPY forecast shows a resilient yen despite a shift in Japan’s political landscape. The currency edged higher against the dollar despite Japan’s ruling party losing majority seats in the Upper House. However, there is caution as market participants await the implications for the Prime Minister and US-Japan trade negotiations.  –Are you interested in learning more about ETF brokers? Check…

The Indian rupee is poised to retain its weakening bias on Monday, pressured by broad losses in regional peers, lacklustre foreign equity inflows and persistent dollar demand from local corporates.The 1-month non-deliverable forward indicated a flat-to-slightly-weaker open on Monday from 86.1475 in the previous session. The rupee has slipped near to 1 per cent in the last two weeks and now hovers near its lowest level in almost a month.With the dollar/rupee pair “having clipped past 86, it looks like we’re in a slow push higher,” said a currency trader at a Mumbai-based bank.”Right now, I don’t see anything that…

India’s foreign exchange reserves fell by $3.06 billion to $696.67 billion for the week ending July 11, marking the second straight week of decline, according to the official data released by the Reserve Bank of India (RBI).In the previous reporting week of July 4, the country’s forex reserves witnessed a slip of $3.049 billion to $699.736 billion. In the week ending July 11, foreign currency assets, which are the major constituent of the forex reserves, fell $2.477 billion to $588.81 billion, possibly becoming the major reason for the fall in the forex reserves. Gold reserves, another major component of the…

Fed’s Waller supports July rate cut, pulling Treasury yields and Dollar lower.UoM survey shows improved sentiment and easing inflation expectations in the US.ECB decision, EU PMIs, and US macro data in focus for the week ahead.The EUYR/USD finished Friday’s session with gains of over 0.26% amid a weaker US Dollar, following dovish comments by Fed Governor Christopher Waller, which weighed on US Treasury yields. Still, an improvement in Consumer Sentiment capped the Euro’s gains, with the pair trading at 1.1626 at the time of writing.Wall Street ended the session on a higher note, as investors cheered comments by Waller, who…