The Indian Rupee started the week on a positive note, defying the stronger US Dollar. This was attributed to the positive economic growth outlook in India, as well as the significant foreign inflows into the country. With expectations of continued policy reforms following the general elections in India, the Rupee has shown strength, despite challenges
Forex News
Japan’s top currency diplomat, Masato Kanda, holds a pivotal role in determining when to intervene in the forex markets. He has been vocal about taking appropriate steps if there are excessive fluctuations in the currency market. Kanda’s primary focus is on ensuring that there is no negative economic impact from such movements and that the
Gold prices are currently hovering near a two-week high, with expectations of a September rate cut by the Federal Reserve providing support to XAU/USD. The recent rise in US bond yields has bolstered the USD, thereby capping the upside for gold. Economic Indicators The latest economic data released in the US has had a significant
Silver prices have been on the rise recently, with a current trading price of $30.19 per troy ounce. The increase of 26.89% since the beginning of the year has caught the attention of investors looking to diversify their portfolio. But what exactly are the factors that influence the price of Silver? One of the key
Silver prices, represented as XAG/USD, were relatively steady on Wednesday according to FXStreet data. With silver trading at $29.55 per troy ounce, it has seen an increase of 16.02% since the beginning of the year. One of the key indicators used by investors to determine the relative valuation of Silver is the Gold/Silver ratio. The
The US Dollar faced a decline recently due to lower-than-anticipated Retail Sales figures and dovish comments from Federal Reserve officials. This has led to market uncertainty and speculation about the future of the US economy. The US Census Bureau reported that May’s Retail Sales data grew at a slower pace of 0.1% as compared to
Costco Wholesale Corp. has been analyzed using Elliott Wave Theory to provide insights into potential trading opportunities based on current market trends. The analysis focuses on both the daily and 4-hour charts to offer a comprehensive view of Costco’s price movements and market structure. The Elliott Wave analysis on the daily chart indicates an impulsive
President Emmanuel Macron of France recently made headlines by dismissing extreme economic plans as unrealistic in the face of significant economic challenges. This bold move comes at a crucial time for the country, as decisions made now could have far-reaching consequences for its economy. Macron’s decision to dissolve the government was met with mixed reactions,
The Pound Sterling has been experiencing fluctuations as it recently declined to 1.2700 against the USD after the Fed signaled only one rate cut this year. This decline is a result of uncertainties in the market regarding the future of interest rates in both the UK and the US. One of the concerns for policymakers
The USD/CAD pair has rebounded to around 1.3730 in the early Asian trading session on Thursday, supported by a stronger US Dollar. This comes after the Federal Open Market Committee (FOMC) decided to keep interest rates unchanged for the seventh consecutive time during its June meeting on Wednesday. Following the FOMC announcement, there has been
The USD/JPY pair has been on an upward trend for the fourth consecutive day, reaching a high near 157.15 during early Asian trading hours on Wednesday. This positive momentum has been driven by a sense of caution among traders, who are waiting on the sidelines for key events to unfold in the market. Two major
The US Dollar has shown resilience in the forex market as traders anticipate the Federal Reserve’s upcoming policy decision. With expectations of interest rates remaining steady between 5.25%-5.50%, investors are cautious in their trading activities. The currency pair USD/CHF has experienced a period of calmness as traders exercise restraint in light of the looming Fed