Trade News
Forex Today: US Dollar benefits from cautious mood, as focus switches to Powell testimony.
The US Dollar (USD) is holding steady early Tuesday after making slight gains against its major rivals on Monday, as markets turn cautious. The economic calendar will not include any high-impact data releases, but Federal Reserve (Fed) Chairman Jerome Powell’s speech before Congress may increase market volatility. Later in the American session, numerous more Federal […]
USD/INR declines amid expected RBI intervention and US dollar selling.
The Indian Rupee (INR) recovered on Tuesday, posting its largest gain since November 2022, after plummeting to a new record low in the previous session. The Reserve Bank of India (RBI)’s robust intervention, US Dollar (USD) selling by exporters, and profit-booking by speculators all help to support the INR. The regular interventions have dragged on […]
After IMF comments, the Japanese yen declines, and the AUD/JPY rises beyond 95.00.
For the third day in a row, the AUD/JPY is still weak, trading at 95.20 on Friday during Asian trading hours. The Japanese yen (JPY) weakens after the International Monetary Fund (IMF) made cautious comments on Friday, which stops the decline in the AUD/JPY cross. As global market volatility increases, Japan should be on the […]
After the RBI cuts repo rates by 25 basis points, the USD/INR declines.
After hitting a new all-time low in the previous session, the Indian Rupee (INR) rises again. For the first time in almost five years, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) agreed to lower the policy repo rate by 25 basis points (bps), to 6.25%. The local currency is still […]
Ahead of the US NFP, the Australian dollar swings sideways as the market is cautious.
On Friday, the US dollar (USD) and the Australian dollar (AUD) consolidate. However, as US President Donald Trump and Chinese President Xi Jinping prepare to negotiate possible tariff rollbacks, the AUD/USD pair saw upward support as US-China trade tensions eased. China, Australia’s key trading partner, retaliated against the new 10% US tariff that took effect […]
Forecast for today’s price of crude oil
One of the most traded commodities on the Forex market is crude oil. This commodity’s price performance serves as a benchmark for economic activity and represents the market’s general liquidity and volatility. Brent Crude and West Texas Intermediate (WTI) are the two most well-known brands of crude oil. Experienced TU analysts’ forecasts of the oil […]
Gold Analysis Today: XAU/USD Support and Resistance
The gold price forecast will be valuable for people who intend to work with this safe haven asset in the near or long term. As a result of the global stagflation shock and instability, there has been an increase in interest in gold, which has a negative correlation with traditional markets. Traders Union analysts employ […]
As Trump tariffs strengthen the dollar, Asian currencies decline; the Indian rupee reaches a record low.
Dollar Index Surge Pressures Regional Currencies as INR Hits Record Low Monday saw a strong decline in Asian currencies as the U.S. dollar strengthened following the weekend imposition of tariffs by U.S. President Donald Trump on a number of nations. The dollar index, which compares the value of the US dollar to a number of […]
Forex Today: Trump delivers on tariff threats, and the US dollar rises
What you need to know: As markets take a cautious approach in response to US President Donald Trump’s tariff announcements, the US dollar (USD) strengthens on the first trading day of February. Investors will be eagerly monitoring January inflation statistics from the Euro region later in the European session. ISM Manufacturing PMI data for January […]
Amid US tariff trade concerns and worse Chinese PMI data, some sellers push the NZD/USD below 0.5550.
NZD/USD Drops to 0.5545 in the Early Asian Session Monday’s Asian trading hours will see some selling pressure on the NZD/USD pair, pushing it to about 0.5545. Following US President Donald Trump’s announcement of tariffs and China’s Caixin Manufacturing PMI coming in lower than anticipated in January, the New Zealand Dollar (NZD) depreciates as trade […]