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The rupee fell 4 paise to 91.89 against US dollar in early trade on Wednesday weighed down by FII outflows and the unrelenting conflict in the Middle East.The rupee fell 4 paise to 91.89 against US dollar in early trade on Wednesday weighed down by FII outflows and the unrelenting conflict in the Middle East. However, a weaker greenback and falling global crude oil prices prevented sharper loss in the local unit, according to forex traders.At the interbank foreign exchange, the rupee opened at 91.92 against the US dollar before rising to 91.89, down 4 paise from its previous close.…
The US Bureau of Labor Statistics (BLS) will publish the February Consumer Price Index (CPI) data on Wednesday. The report is expected to show a stabilization in inflation, still above the Federal Reserve’s (Fed) 2% target. The monthly CPI is forecast to rise 0.3%, following the 0.2% increase recorded in January, while the annualized reading is seen holding steady at 2.4%. Core CPI figures, which exclude volatile food and energy prices, are expected to come in at 0.2% and 2.5%, on a monthly and yearly basis respectively. Although inflation data is critical for Fed officials when deciding on the next…
The Israel Defense Forces said that it had unleashed a new wave of strikes on Iran, shortly after a round of explosions was heard in Tehran.Israel also launches more missiles at Lebanon, where the Israeli military says it’s targeting infrastructure that belongs to Iran-backed Hezbollah in the south of the Lebanese capital.The Financial Times reported late Tuesday that Israel rejected Lebanon’s request for cessation in fighting to allow for talks, demanding negotiations only take place “under fire.” Market reactionAt the time of writing, the West Texas Intermediate (WTI) is down 1.06% on the day at $83.85, retreating from over three-year highs…
ING economists Peter Virovacz and Zoltán Homolya note that Hungarian inflation fell to 1.4% year-on-year in February 2026, below consensus and their own optimistic forecast. Core inflation dropped to 2.1%, but rising energy costs, fuel prices and a weaker Forint threaten this benign picture. They see inflation rebounding above 3% by mid-year and towards 4% by year-end, averaging around 3% in 2026.Low CPI challenges rate cut prospects”Inflation in Hungary came even lower than the most optimistic forecast. The base effect and the positive trend in monthly repricing pushed the headline number to a level not seen in 10 years. However,…
Gold (XAU/USD) trades on a firm note on Tuesday, building on the previous day’s rebound from levels near $5,000. The precious metal is drawing support from a softer US Dollar (USD) and subdued Treasury yields, while the ongoing US-Iran war keeps market sentiment cautious and continues to cushion the downside.At the time of writing, XAU/USD is trading around $5,167, up nearly 0.55% on the day, with sellers defending the $5,200 level.War headlines drive sharp moves in Oil and global risk sentimentMarkets digested conflicting headlines around the US-Iran war. CBS reported on Monday that US President Donald Trump said, “I think…
The Indian rupee rose on Tuesday, rebounding from a record low, as retreating oil prices and likely intervention by the central bank offset a hedging rush by importers amid concerns over the Iran war’s disruption of energy supplies. Markets across the globe advanced after U.S. President Donald Trump predicted the war in the Middle East could end soon, even as Iran’s Revolutionary Guards said they would not let oil be shipped as long as U.S. and Israeli attacks continue. Brent crude oil prices slipped 8% to below $90.8 per barrel, coming off highs of nearly $120 hit a day earlier.The…
The rupee staged a strong recovery from its record low against the US dollar on Tuesday, gaining 36 paise to settle at 91.85 (provisional), aided by a sharp fall in global crude oil prices over hopes of de-escalation of the ongoing conflict in West Asia.Sharp gains in the domestic equity markets, along with a weaker greenback, provided further support to the domestic unit, according to forex traders.At the interbank foreign exchange, the rupee opened at 91.92 against the US dollar and traded in the range of 91.71-92.19 before settling at 91.85 (provisional), up 36 paise from its previous close.The rupee…
GBP/USD extends its gains for the third successive session, trading around 1.3480 during the early European hours on Tuesday. The pair holds a mildly bearish short-term bias as price sits just below the 50-day Exponential Moving Average (EMA) while remaining above the faster nine-day moving average, which has turned lower and tracks the recent series of lower highs.Additionally, the technical analysis of the daily chart indicates an ongoing bearish bias, as the pair trades within a descending channel pattern. Momentum signals confirm fading upside pressure, with the 14-day Relative Strength Index (RSI), a momentum indicator, recovering from near-oversold territory but…
The rupee rebounded from its all-time low in early trade on Tuesday, rising 7 paise to 92.14 as global oil prices fell after US President Donald Trump said the war with Iran may end soon.A weaker greenback and a strong opening at the domestic equity markets further supported the local unit while heavy FII outflows capped sharp gains, forex traders said.At the interbank foreign exchange, the rupee opened at 91.92 but fell to 92.14, up 7 paise from its previous close.The rupee crashed to its all-time closing low of 92.21 against the US dollar on Monday, losing 39 paise during…
Silver (XAG/USD) attracts some buyers in Tuesday’s early European trading hours. The white metal currently trades around $88.00, up 1.20% for the day, after facing a volatile session at the start of a new week.Against the backdrop of the recent repeated failures near the 100-hour Exponential Moving Average (EMA), acceptance below the $80.00 psychological mark would be seen as a fresh trigger for the XAG/USD bears and pave the way for deeper losses.The Moving Average Convergence Divergence (MACD) indicator slips further into negative territory with the line extending below its signal, and the expanding negative histogram signals strengthening downside momentum.…