Author: admin

Gold (XAU/USD) trades on the back foot on Tuesday as holiday-thinned volumes weigh on sentiment. At the time of writing, XAU/USD is trading at $4,863 near two-week lows, down 2.50 % on the day.Liquidity remains light as Lunar New Year holidays keep China and several Asian markets closed, with Chinese markets set to reopen only next Tuesday. Trading volumes are likely to pick up in the American session as traders return from the long weekend after US markets were shut on Monday for Presidents’ Day.The metal is also facing pressure from a firmer US Dollar (USD) and a rebound in…

ING’s Frantisek Taborsky expects the National Bank of Romania to keep rates at 6.50%, with inflation still high but projected to ease mid-year. He looks for dovish signals in the new forecast, anticipating the first rate cut in May and 100bp of easing in 2026, while EUR/RON is seen staying broadly stable near 5.09–5.10 before a modest year-end rise to 5.150.Rates on hold as EUR/RON stays rangebound”The National Bank of Romania is likely to leave rates unchanged at 6.50% today. The central bank has been holding rates steady since August 2024 after the presidential election brought significant volatility to the…

The rupee gained 5 paise to settle at 90.69 (provisional) against the US dollar on Tuesday, backed by positive domestic equity markets and lower crude prices overseas. Sustained outflow of foreign funds and a firm American currency, however, weighed on the Indian currency and capped its gains, forex traders said. In the interbank foreign exchange market, the rupee opened at 90.72 against the US dollar and moved in a tight range, touching a high of 90.64 and a low of 90.78 in intraday deals. The unit finally ended the session at 90.69 (provisional) against the greenback, registering a gain of…

The Indian rupee ended Tuesday little changed, as intermittent intervention by the Reserve Bank of India slowed the currency’s drift toward the psychologically important 91-per-dollar mark.Tepid global risk sentiment and steady hedging demand from importers have kept the currency tilted lower, even after it recovered ‌from near-record lows ⁠around ⁠92 following the announcement of the India-U.S. trade deal earlier this month.The rupee closed ​at 90.6725 per dollar on the day, nearly unchanged from its close at ​90.65 on Monday.The currency lumbered in a narrow band through the day and was pulled in opposite directions by persistent interbank dollar demand and…

Gold (XAU/USD) attracts some follow-through selling for the second straight day and dives to over a one-week low, around the $4,858 area, heading into the European session on Tuesday. The commodity, however, bounces back above the $4,900 mark as traders opt to await more cues about the US Federal Reserve’s (Fed) rate-cut path before placing fresh directional bets.Hence, the focus will remain glued to the release of the FOMC Minutes on Wednesday. Moreover, the US Personal Consumption Expenditure (PCE) Price Index, due on Friday, will play a key role in influencing the near-term US Dollar (USD) price dynamics. This, in…

The rupee rose by 1 paisa to 90.73 against the US dollar in early trade on Tuesday, aided by a fall in global crude oil prices. However, a stronger greenback and FII outflows capped gains in the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 90.72 against the US dollar before slipping to 90.73, up 1 paisa against its previous close. The rupee settled 8 paise lower at 90.74 against the US dollar on Monday. “The rupee was well offered on Monday though it closed lower. Suspected RBI intervention has prevented the currency…

Silver price (XAG/USD) trades lower to near $76.00 during the Asian trading session on Tuesday. The white metal has been slightly under pressure as dovish Federal Reserve (Fed) expectations remain capped despite cooling United States (US) inflation in January.Theoretically, immaterial dovish Fed prospects in the near-term weigh on non-yielding assets, such as Silver.The data showed on Friday that the US headline inflation dropped to 2.4% Year-on-Year (YoY) from 2.7% in December. In the same period, the core Consumer Price Index (CPI) – which excludes volatile food and energy items – grew moderately by 2.5%, as expected, against the previous reading…

UOB Global Economics & Markets Research highlights that Malaysia’s final 4Q25 GDP grew 6.3% year‑on‑year, the fastest since 4Q22, lifting full‑year 2025 growth to 5.2%, above the official 4.0%–4.8% range. Growth was driven by domestic demand, exports, tourism and AI‑related tech. UOB expects real GDP to slow to 4.5% in 2026 and Bank Negara Malaysia to keep the OPR at 2.75%.Robust 2025 gives way to slower 2026″Malaysia’s final 4Q25 GDP surprised on the upside, growing 6.3% y/y (advance est: +5.7%; 3Q25: revised upwardly to +5.4% from +5.2%), the fastest quarterly expansion since 4Q22.””For the full year of 2025, Malaysia’s economy…

The Euro (EUR) strengthens against the Japanese Yen (JPY) on Monday, as the Yen comes under pressure following softer-than-expected Gross Domestic Product (GDP) data from Japan. At the time of writing, EUR/JPY is trading around 181.76, up nearly 0.20% on the day.Preliminary data showed that Japan’s economy expanded by just 0.1% on a quarterly basis in the fourth quarter, missing market expectations of 0.4%, though rebounding from the previous contraction of -0.7%. On an annualized basis, GDP rose 0.2%, well below the 1.6% forecast, but marking an improvement from the sharp -2.6% decline recorded in the prior quarter. Meanwhile, the…

HSBC highlights that the Australian Dollar has been the top-performing G10 currency in early 2026, helped by the Reserve Bank of Australia’s February rate hike, a soft Dollar and strong commodity and equity markets. The bank argues that expectations of further rate increases and favourable structural fundamentals should keep the AUD supported, even if external tailwinds fade.Domestic support underpins Australian Dollar”The AUD has appreciated by more than 6.0% against the USD so far this year, outperforming other G10 currencies, with the NOK and NZD following closely behind (Bloomberg, 12 February). The AUD’s robust performance is largely attributed to the Reserve…