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European Union (EU) Trade Commissioner Maros Sefcovic said on Tuesday that they have “proposed 0 for 0 tariffs on industrial goods.”Key takeawaysAccelerating trade talks with India among others.Another €170B US-exports may be impacted by tariffs.Ready to use all available tools in trade defence.Market reactionEUR/USD is building on its upbeat momentum following these comments and was last seen adding 0.27% on the day at 1.1344. Source
Silver price rose as US President Donald Trump’s latest tariff threat boosted demand for safe-haven assets.President Trump also plans to introduce pharmaceutical tariffs within the next two weeks.The Federal Reserve is widely expected to leave interest rates unchanged on Wednesday.Silver price (XAG/USD) extends its gains for the second successive session, trading around $33.10 per troy ounce during the Asian hours on Tuesday. The prices of the precious metals, including Silver, rose as President Donald Trump’s new tariff threat spurred demand for safe-haven assets.President Trump announced plans to direct the US Trade Representative and the Commerce Department to begin imposing a…
EUR/USD stuck to familiar territory near 1.1300 on Monday.A key Fed rate call looms ahead during the midweek market sessions.European data takes a back seat this week as investors focus on rate cut hopes.EUR/USD churned chart paper near the familiar 1.1300 handle to kick off a fresh trading week. The Fiber has been stuck in a choppy consolidation phase as Euro traders struggle to kick off a new push in either direction.European data remains limited this week: final Purchasing Managers Index (PMI) data due this week is unlikely to produce any surprises, and pan-European Retail Sales figures due early Wednesday…
EUR/USD trades near the 1.1300 zone after climbing modestly post-European session.Bullish structure remains supported despite mixed momentum signals.Upward-sloping trend indicators reinforce strength, with support levels holding below.The EUR/USD pair edged higher on Monday, trading around the 1.1300 zone following the European session. Price action stayed confined within the mid-range of the day’s movement, reflecting a steady grind higher rather than an impulsive breakout. While some momentum indicators suggest consolidation, the broader trend remains clearly bullish, backed by firm alignment across key moving averages.Technically, EUR/USD continues to flash a bullish overall signal. The Relative Strength Index is neutral near 58, showing…
Gold price rallies more than 2% on Monday with nervousness towards the Fed interest-rate decision. Geopolitical risks coming from Trump and Israel are pushing investors back into Gold.The Greenback is losing its status as safe haven in favor of Bullion. Gold (XAU/USD) rises by more than 2% on Monday to $3,317 at the time of writing, as geopolitical risk surges. The Houthi attack that hit Ben Gurion airport this weekend and Israel’s promise to retaliate while preparing for a broad ground offensive in Gaza are elevating risks again in the region. Meanwhile, US President Donald Trump said that military action might…
The rupee surged 24 paise to 84.33 (provisional) against the US dollar on Monday, supported by a sharp decline in crude oil prices and a positive trend in domestic equities. Robust equity inflows — totalling ₹2,769.81 crore — reflect continued foreign investor interest in Indian assets, forex traders said, adding while capital inflows offer support, global uncertainties could cap gains. At the interbank foreign exchange, the domestic unit opened at 84.45 and moved between the intra-day high of 84.10 and the low of 84.47 against the greenback. The unit ended the session at 84.33 (provisional), registering a gain of 24…
The Indian rupee strengthened on Monday, tracking a rise in the offshore Chinese yuan and comforted by falling crude oil prices, even as dollar demand from importers and a large foreign bank ate into some of the currency’s intraday gains. The rupee closed at 84.25 against the U.S. dollar, up 0.4% on the day. The currency had touched a peak of 84.1275 in early trading but trimmed gains in the latter half of the session. The dollar index was down 0.2% at 99.6 while the offshore Chinese yuan touched a near six-month high of 7.1876, buoyed by optimism about trade…
The USD/JPY outlook shows a stronger yen at the start of the week. The BoJ faces high food inflation, strong wage growth, and the possibility of a weak yen. US employers added 177,000 new workers, beating estimates of 138,000. The USD/JPY outlook shows a stronger yen at the start of the week, as market participants maintain hopes for further BoJ tightening. Meanwhile, the dollar strengthened against the yen briefly on Friday after an upbeat US employment report. -Are you looking for forex robots? Check our detailed guide- The yen collapsed Thursday after the Bank of Japan kept interest rates unchanged.…
EUR/USD moves higher to near 1.1325 as the US Dollar faces selling pressure ahead of the Fed’s monetary policy meeting on May 6-7.US President Trump said he is confident about closing trade deals this week.The ECB is expected to continue lowering interest rates despite the increase in Eurozone inflation in April.EUR/USD trades slightly higher to near 1.1325 during the European trading hours on Monday, further gaining ground after touching a three-week low of 1.1265 late last week. The major currency pair rises as the US Dollar (USD) on persistent uncertainty over United States (US)-China trade relations and as investors turn…
The rupee gained 39 paise to 84.18 against the US dollar in early trade on Monday, as continued foreign investor interest in Indian assets lent fundamental support to the local unit. Forex traders said a sharp decline in crude oil prices and a positive trend in domestic equities enthused investors further. Brent crude oil prices slumped nearly 4 per cent in the morning Asian trade after OPEC+ signalled over the weekend that they will further increase production in the coming months. At the interbank foreign exchange, the domestic unit opened at 84.45 and fell to an early low of 84.47…