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Euro (EUR) was little changed, last at 1.1415 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note. Room for Fed to resume easing cycle in due course”Daily momentum is not showing a clear bias for now while RSI fell. Support at 1310 (21 DMA), 1.1235 (23.6% fibo retracement of 2025 low to high). Immediate resistance at 1.1420/30 levels before 1.15 levels.” “Last week ECB lowered rate by 25bps, as widely anticipated. But more importantly, Lagarde commented that the ECB is getting to the end of a monetary cycle ‘that was responding to compounded shocks, including COVID, the illegitimate war…

The rupee appreciated 4 paise to close at 85.64 (provisional) against the US dollar on Monday, supported by a firm trend in domestic equities and foreign capital inflows.However, elevated global crude oil prices and the US dollar against major rivals overseas restricted its rise, traders said.The rupee benefitted from the initial reaction to the RBI rate cut, but the aggressive rate cut narrows the interest rate differential with global peers, they added.At the interbank foreign exchange, the domestic unit witnessed a volatile trading session. It opened at 85.61 and moved between a high of 85.45 and a low of 85.72…

The USD/CAD forecast shows market participants weighing employment figures from Canada and the US.  The economy added 139,000 new jobs in May. Canada reported an unexpected increase in employment of 8,800. The USD/CAD forecast shows market participants weighing employment figures from Canada and the US. At the same time, traders are gearing up for crucial US inflation figures this week that will shape the outlook for Fed rate cuts.  –Are you interested to learn more about crypto signals? Check our detailed guide- Last week, the US and Canada released upbeat monthly employment figures. In the US, the economy added 139,000…

Silver price advances as safe-haven demand increases due to fears surrounding the global economic uncertainties.Citigroup expects that the Fed will implement 25 basis point rate cuts in September, October, and December.Trump Administration officials are set to meet with Chinese counterparts in London on Monday.Silver price (XAG/USD) extends its winning streak for the third successive session, and has marked a fresh 13-year high of $36.42 per troy ounce on Monday. The price of the grey metal rises due to rising safe-haven demand amid fears surrounding the global economic and trade uncertainties.The non-yielding assets, including Silver, possibly drew support after Citigroup released…

Silver price gains momentum to near  $36.00 in Monday’s early early MondayInvestors look to broaden their exposure to safe-haven assets beyond gold, supporting the Silver price. The stronger US May employment report might lift the USD and cap the white metal’s upside. The Silver (XAG/USD) price trades in positive territory around $36.00 during the Asian session on Monday. The white metal edges higher despite the stronger-than-expected US employment data for May.  Later on Monday, investors will closely watch the developments surrounding US-China trade talks.Geopolitical and economic uncertainty could provide some support to the Silver price as investors seek more holdings in safe-haven…

The Indian rupee is set to come under renewed stress on Monday after the US economy added slightly more number of jobs than was expected, prompting a rise in US Treasury yields and bringing relief to the dollar.The 1-month non-deliverable forward indicated a open in the 85.74-85.78 range, versus the close of 85.6250 in the previous session.The Indian currency had found respite on Friday after the Reserve Bank of India delivered a larger-than-expected rate cut while the signalling limited room for more reductions. The policy surprise lifted domestic equities and lent support to the rupee.”The opening today is probably just…

The Japanese economy showed no growth over the quarter in the first quarter (Q1) of 2025, the final reading released by Japan’s Cabinet Office showed on Monday. This reading came in above the market expectation and the previous estimate of -0.2%.The Japan’s Gross Domestic Product (GDP) fell at an annual rate of 0.2% in Q1, compared to -0.7% in the previous reading.Market reaction to Japan’s GDP dataAt the press time, USD/JPY trades 0.13% lower on the day at 144.68. GDP FAQs A country’s Gross Domestic Product (GDP) measures the rate of growth of its economy over a given period of time, usually a quarter. The most reliable figures are…

The Canadian Dollar firmed up on Friday, but Greenback flows rallied harder, driving a rebound in USD/CAD.US NFP net job gains came in stronger than expected, overshadowing Canadian job numbers.Key post-tariff US CPI inflation figures loom large next week; Canadian data docket runs out of gas.The Canadian Dollar (CAD) saw firm gains in employment figures on Friday, with an overall net increase in Canadian employment thumping median market forecasts for a contraction. However, a stronger-than-expected US Nonfarm Payrolls (NFP) print eclipsed Canadian economic data, giving the US Dollar (USD) a much-needed rebound.The Canadian economic data docket is slim next week,…

Euro failed to capitalize on upbeat GDP and retail sales; ECB rate cut seen as nearing its limit.The US economy added 139K jobs in May, the second-highest in 2025, with the jobless rate steady at 4.2%.Hot labor data boosted US Dollar and Treasury yields, dampening Fed rate cut hopes.EUR/USD trip down extends its losses on Friday after hitting a six-week high near 1.1500 as Nonfarm Payroll figures in the United States (US) came in stronger than expected despite cooling off. The print prompted investors to price in a less dovish Federal Reserve (Fed), while the Euro (EUR) failed to gain…

XAU/USD falls after strong NFP data cuts rate cut hopes, but holds weekly gain above 1.30%.US adds 139K jobs in May; Unemployment Rate steady at 4.2%, boosting US Dollar and Treasury yields.Fed cut expectations fade as traders reassess outlook ahead of June 17–18 FOMC meeting.Gold price extended its losses for the second consecutive day on Friday but is poised to finish the week with gains of over 1.30% after the latest Nonfarm Payrolls report in the United States (US) was solid, pressuring traders to trim their bets that the Federal Reserve (Fed) will ease monetary policy. At the time of…