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China on Monday accused the US of undermining the two countries’ preliminary trade agreement after the US issued an industry warning against using Chinese chips that singled out Huawei, per CNBC. According to a spokesperson for China’s Ministry of Commerce, the US Commerce Department’s advice is “discriminatory” and “market distorting,” prompting Beijing to “demand” that the administration “correct its mistakes.”Market reactionAt the time of writing, the AUD/USD pair is trading 0.06% lower on the day to trade at 0.6455.  US-China Trade War FAQs Generally speaking, a trade war is an economic conflict between two or more countries due to extreme protectionism on…

EUR/CHF trades near the 0.94 zone with minor gains on Monday.The pair maintains a neutral tone, with conflicting short-term and long-term signals.Key support is clustered below 0.9370, with resistance near 0.9400.The EUR/CHF pair is trading near the 0.94 zone on Monday, reflecting minor gains as the market stabilizes within its recent range. Despite the modest upside, the pair remains constrained by a broadly neutral technical outlook, with mixed signals across multiple timeframes. Short-term momentum is showing signs of a potential bullish tilt, though the broader context still suggests cautious trading.On the daily chart, the EUR/CHF pair presents a mixed technical…

The USD/JPY forecast shows further dollar weakness. US consumer sentiment came in at 50.8 compared to expectations of 53.1. Trump’s tariff threats caused some uncertainty in the market. The USD/JPY forecast shows further dollar weakness after a downgrade to the US government’s credit rating. At the same time, market participants were worried about progress on trade negotiations between the US and its trading partners.  –Are you interested in learning more about buying NFT tokens? Check our detailed guide- The dollar fell on Friday after data revealed weak consumer sentiment. According to the report, consumer sentiment came in at 50.8 compared…

Gold price rallies over 1% higher on Monday after Moody’s downgraded the US’s sovereign debt credit rating on Friday, sending yields higher. Fed’s Bostic comments saying ripple effects into US economy could be felt for this credit downgrade.Gold trades in a tight range, holding above $3,230 to start the week. Gold (XAU/USD) edges higher, trading over 1% on Monday and hits $3,240 at the time of writing, while traders mull three main elements this Monday. Tensions are brewing in the Middle East with Israel embarking on another massive ground offensive. The military action comes just days after United States (US) President Donald…

At the interbank foreign exchange, rupee opened at 85.43 and moved between the intra-day high of 85.35 and the low of 85.61 against the dollar | Photo Credit: PRIYANSHU SINGH The rupee appreciated 17 paise to settle at 85.40 (provisional) against the US dollar on Monday, on weak US dollar index and a decline in crude oil prices.Forex traders said global investors were also cautious as global rating agency Moody’s downgraded US investment grade rating, leading to a fall in dollar index.At the interbank foreign exchange, the domestic unit opened at 85.43 and moved between the intra-day high of 85.35…

The Indian rupee ended modestly higher on Monday, hoisted by a weaker dollar, hurt by concerns over U.S. debt and deficits following a Moody’s downgrade of the country’s sovereign credit rating late last week. The rupee closed at 85.40 against the U.S. dollar, up 0.1% on the day. The currency had dipped to a low of 85.61 in early trading but reversed course as the dollar declined by about 0.6% against major peers. Asian currencies were mostly stronger on the day with the Thai baht leading gains with a 0.8% rise. Safe havens like the Japanese yen and Swiss franc,…

The Pound Sterling gains against its major peers on Monday ahead of a potential trade deal between the UK and the EU later in the day.Moody’s downgrade of the US Sovereign credit rating has battered the US Dollar.According to analysts, the Fed is unlikely to cut interest rates this year.The Pound Sterling (GBP) trades higher against its major peers, except the Euro (EUR), at the start of the week. The British currency moves higher ahead of the European Union (EU)-United Kingdom (UK) trade summit in London on Monday. Investors will pay close attention to a potential trade deal as it…

The rupee appreciated 16 paise to 85.41 against the US dollar in early trade on Monday, supported by a weak American currency in the overseas market and strong foreign fund inflows. Forex traders said the rupee is expected to trade in a narrow range as Brent oil prices ticked lower amid oversupply concerns, US-Iran nuclear deal talks, while investors awaited the China Factory data. Investors were also cautious as global rating agency Moody’s downgraded US investment grade rating, they added. At the interbank foreign exchange, the domestic unit opened at 85.43 against the greenback, then rose to 85.41, registering a…

Gold prices rose in India on Monday, according to data compiled by FXStreet. The price for Gold stood at 8,848.04 Indian Rupees (INR) per gram, up compared with the INR 8,806.90 it cost on Friday. The price for Gold increased to INR 103,200.20 per tola from INR 102,721.90 per tola on friday. Unit measure Gold Price in INR 1 Gram 8,848.04 10 Grams 88,479.91 Tola 103,200.20 Troy Ounce 275,174.10 FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time…

The dollar index began the week on a strong note by surging 1.5 per cent on Monday. But thereafter it lost steam and fell back to trade stable above 100.5. On the domestic front, the Indian rupee opened stronger on Monday following the India-Pakistan ceasefire announcement. However, it failed to sustain higher and fell all through the week, giving back all the gains.Dollar index forecastThe dollar index (101.09) is at a crucial juncture now. There is support at 100.50 and 100. Resistance is at 101.50 and 102.  If it manages to sustain above 100.50, then a rise to 102 is…