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Gold (XAU/USD) retains its bullish bias for the seventh straight day on Tuesday and trades close to the $5,100 mark, within striking distance of the all-time peak during the early European session. Global uncertainties stemming from US trade policies and geopolitical risks, along with strong central bank buying and retail demand, continue to offer support to the precious metal. Adding to this, bets that the US Federal Reserve (Fed) would lower borrowing costs two more times in 2026 further benefit the non-yielding yellow metal.However, a modest US Dollar (USD) uptick could act as a headwind for Gold amid the underlying…
The rupee rebounded from its all-time low levels and gained 10 paise to trade at 91.80 against the US dollar in early deals on Tuesday, as the dollar index retreated from its elevated levels. Forex traders said the rupee recovered marginally as traders rushed to cover broad dollar weakness. At the interbank foreign exchange, the rupee opened at 91.80 against the greenback, up 10 paise from its previous close. On Friday, the rupee hit a historic low of 92 per dollar and gained marginally to settle at 91.90 against the American currency. Forex and equity markets were closed on Monday…
The Japanese Yen (JPY) attracts some sellers during the Asian session on Tuesday and moves further away from the highest level since November 2025, touched against its American counterpart the previous day. Investors remain concerned about Japan’s fiscal health on the back of Prime Minister Sanae Takaichi’s aggressive spending and tax cut plans. This, along with a generally positive tone around the equity markets, is seen undermining the safe-haven JPY amid domestic political uncertainty ahead of a snap election on February 8.That said, speculations that Japanese authorities would step in to stem further JPY weakness warrant caution for bearish traders…
The USD/JPY pair falls to its 11-week lows near 154.20 during the early Asian session on Tuesday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) amid speculation about a possible coordinated intervention by Japanese and US authorities.Speculation of intervention is growing after traders reported during Friday’s US session that the Federal Reserve Bank of New York had contacted financial institutions to ask about the JPY’s exchange rate. Japanese Finance Minister Satsuki Katayama declined to comment on the rate checks, while Japan Chief Cabinet Secretary Seiji Kihara said on Monday that he will take appropriate action on foreign exchange according to…
The USD/JPY opened the week at 157.57, with Dollar selling early in the week due to rising tensions between the US and Europe. The pair recovered to around 158, driven by overseas investor interest and rising yields. Following a press conference by Japan’s Finance Minister, the USD/JPY rose above 159 after the BOJ revised its inflation outlook. MUFG’s Tokyo Head of Global Markets Research Teppei Ino notes.Market dynamics and recent movements”Dollar selling led early in the week after tensions between the US and Europe intensified over Greenland, pushing the pair down to 157.44. However, risk-off yen buying did not persist,…
US natural gas prices are experiencing a significant rally, with Henry Hub breaking above $6/MMBtu, the highest level since late 2022. This surge is driven by a winter storm affecting nearly half of the US states, which is expected to increase heating demand. However, industrial demand may face challenges due to weather conditions. ING Analysts Warren Patterson and Ewa Manthey report.Surge in natural gas prices”US natural gas prices continue to rally, with Henry Hub breaking above $6/MMBtu and trading to its highest level since late 2022. This comes as a winter storm hits the US, with nearly half of all…
The Japanese Yen (JPY) sticks to strong gains for the second straight day and trades near its highest level since November 14 against a broadly weaker US Dollar (USD) through the early European session on Monday. Following rate checks from Japan’s Ministry of Finance and the New York Federal Reserve (Fed) on Friday, Japan’s Prime Minister Sanae Takaichi warned against speculative moves on Sunday. This heightens the chance of joint US-Japan intervention to stem any further JPY weakness and provides a strong boost at the start of a new week.Adding to this, the Bank of Japan’s (BoJ) hawkish outlook, along…
The USD/JPY outlook remains strongly bearish as intervention risks, a hawkish BoJ, and a weaker dollar ignite a reversal. The report of the NY Fed verifying USD/JPY levels with the dealers was considered a hint of intervention. Markets await the FOMC rate decision and Japan’s key data releases for more trading opportunities. The USD/JPY price remains affected by intervention risk, Fed uncertainty, Japan’s domestic politics, and fiscal policy. This blend has caused fast, two-way swings. It also makes rallies harder to sustain. –Are you interested in learning more about ETF brokers? Check our detailed guide- The yen soared when investors…
Silver price (XAG/USD) extends its gains for the third successive session, trading around $108.80 per troy ounce during the Asian hours on Monday. The XAG/USD pair hit a fresh high of $109.46 amid persistent bullish bias, indicated by the technical analysis of the daily chart timeframe, as the price of the precious metal rises within the ascending channel pattern.Silver price remains firmly above the rising 50-day Exponential Moving Average (EMA), with price sustaining a clear premium over both. The short-term slope has steepened, underscoring trend acceleration. Trend structure stays intact as the spread between the nine- and 50-day EMAs widens,…
The USD/JPY pair extends its decline to around 154.75, the lowest since December 17, during the early Asian session on Monday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) amid heightened alert of Japanese intervention to halt the currency’s recent slide. The US November Durable Goods Orders report is due later on Monday.Speculation of intervention is growing after traders reported during Friday’s US session that the Federal Reserve Bank of New York had contacted financial institutions to ask about the JPY’s exchange rate. Japan’s top currency official declined to comment earlier that day on whether a rate check was…
