Indian Rupee loses traction on Tuesday amid a stronger USD. Fed is expected to hold rates steady in the range of 5.25%–5.50% at its March meeting. The US Fed interest rate decision on Wednesday will be the highlight of this week. Indian Rupee (INR) weakens on Tuesday on US Dollar (USD) purchases by state-run banks.
EURUSD looks toward the 38.2% retracement Not making a mountain out of a molehill, but the EURUSD is trading to a new session low. The price just ticked to 1.0876. The trading range for the day is still only 29 pips versus 49 pips average over the last month of trading. On the downside, the
AI image In New York law, losers in civil cases need to post the judgement against them before they can appeal. It will be interesting to see if he can convince the judge to lower it or postpone it as his lawyers claim he’s facing “insurmountable difficulties” in obtaining a bond. I imagine this is
Gold fell in the opening trade on Monday ahead of the US Federal Reserve’s policy meeting outcome due on Wednesday. The MCX April gold futures were trading at Rs 65,352 per 10 grams, down Rs 190 or 0.29% while the May Silver contracts were trading at Rs 75,356 per kg around 9:10 am, lower by
Yen’s continued weakness persists in today’s subdued market, despite growing expectations for a BoJ rate hike in the upcoming Asian session—a move anticipated to conclude its longstanding negative rates policy. Although the anticipated adjustment from -0.10% to 0.00% may seem minor, its symbolic significance for the Japanese economy is profound, as it heralds a new
Natural Gas prices are popping back above $1.80. European gas prices under pressure with Norwegian flow facing hiccups. The US Dollar Index trades in the mid-103.00 range ahead of two big central bank meetings. Natural Gas prices (XNG/USD) starts off in the green this Monday with traders bracing for actions from Russia after Vladimir Putin
USDJPY trades to a new session high. Targets 149.196 next. The USDJPY is moving to a new session high and in the process is now moving further away from the 50% midpoint of the move down from teh February high at 148.676, and a swing area between 148.82 and 148.888. The high price reached 149.06
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Oil prices ticked up in early Asian trading on Monday, firming up gains from last week when prices rose nearly 4% on the view that supply was tightening. Brent crude oil futures for May delivery inched up 3 cents to $85.37 a barrel by 0045 GMT. The April contract for U.S. West Texas Intermediate (WTI)
USD/CAD appreciates to continue its winning streak on Monday. US Dollar could gain ground on expectations of the Fed maintaining higher interest rates to combat inflation. The higher WTI price could limit the losses of the Canadian Dollar. USD/CAD kicks off the week with its third consecutive day of gains on Monday, inching higher to
Welcome to our latest Bitcoin technical analysis! We delve into the daily timeframe, examining the recent movements and potential future directions of Bitcoin. 🔍 Today’s bitcoin technical analysis highlights: Observation of the past two daily candles and their proximity to the crucial 20 EMA, a significant indicator for algo firms and professional traders. A potential
UPCOMING EVENTS: Monday: China Retail Sales and Industrial Production, Canada PPI, US NAHB Housing Market Index. Tuesday: BoJ Policy Decision, RBA Policy Decision, Eurozone Wage data, Eurozone ZEW, Canada CPI, US Housing Starts and Building Permits. Wednesday: PBoC LPR, UK CPI, FOMC Policy Decision, New Zealand GDP. Thursday: Australia/Japan/Eurozone/UK/US Flash PMIs, Australia Labour Market report,
Gold, with its timeless allure, has always been a beloved form of investment for Indian investors. Its rescind lifetime highs would be inspiring to gold enthusiasts. A perfect hedge against inflation, gold has been a safe haven, an epitome of stability. For centuries, in the face of economic upheavals, currency fluctuations, and geopolitical changes, gold
The daily RSI shows a rise in selling traction, supported by the MACD depicting growing red bars. The hourly RSI indicates oversold conditions, signaling a potential pullback or bullish correction in the short term. Despite daily bearish tendencies, the pair still holds the 200-day SMA. The NZD/USD pair declined to 0.6086, with a significant 0.77% downturn
The GBPUSD has moved back to the downside in what has been a down and up and back down again type of day. In the fall, the price has moved back below the 50% midpoint of the move up from the March 1 low to the March high. That comes in at 1.27462. The move
The major European indices are closing with mixed results: German DAX, -0.03% France CAC, +0.04% UK FTSE 100, -0.20% Spain’s Ibex, +1.02% Italy’s FTSE MIB +0.57% For the trading week, major indices moved higher led by Spain’s Ibex.: German DAX, +0.69%. The index did reach a new all-time high at 18039.05 before rotating lower France
Gold prices recently touched a historic high in both the international and domestic markets. The benchmark London Spot Gold hit a lifetime high of $2195 an ounce in the first week of March, surging more than 6 percent so far this year. Tracking the overseas sentiment, domestic gold prices also surged, placing prices well above
Gold retreats from the $2,180 mark, reacting to hot US inflation data and Fed’s cautious stance on policy easing. Rise in US Treasury yields post-PPI data release dampens XAU/USD’s appeal despite risk-off market sentiment. Gold remains subdued as Treasury yields inch higher and the US Dollar strengthens. Gold spot retreated from around the $2,180 area