Forex
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USD/INR edges lower on weak US data, lower oil prices
Indian Rupee trades in positive territory in Thursday’s Asian session. Concerns over mounting economic and political uncertainty in the US…
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JPY/USD ticks lower, bias against a rebounding USD; bears lack conviction
The Japanese Yen turns lower against the USD, though the downside seems limited. Bets that the BoJ will hike rates…
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USD/CAD – More downside towards 1.3600 looks likely
USD/CAD trades vulnerably near 1.3650 as the US Dollar sees more downside on disappointing an array of US economic data.…
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EUR/USD consolidates below 1.1400 as good US data supports the Dollar
The Euro drops below 1.1400 following soft Eurozone CPI data. The US Dollar appreciates further on strong US employment figures.…
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NZD/USD – Support at the 0.6000 area keeps the upward trend intact
The US Dollar regained lost ground after strong US jobs data. NZD/USD remains bullish while above 0.5990. Below that level,…
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Chart of The Day – AUD/USD
Today we received the Q1 2025 GDP report for Australia. The data came in slightly below market expectations, both on…
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EUR/USD hovers below 1.1400 as Eurozone inflation falls below ECB’s 2% target
EUR/USD maintains its position as the US Dollar depreciates due to US economic uncertainty. JOLTS Job Openings reported 7.39 million…
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USD/INR drifts lower as traders await Indian/US PMI releases
Indian Rupee edges higher in Wednesday’s Asian session. A softer US dollar and foreign inflows could support the INR, but…
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GBP/USD remains above 1.3500 as US Dollar comes under pressure from “Sell America” trend
GBP/USD maintains its position as the US Dollar struggles due to economic uncertainty in the US. JOLTS Job Openings posted…
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Chart of The Day – AUD/USD
BA Minutes Reveal Dovish Lean Amid Global Uncertainties During the Asian session, the Reserve Bank of Australia (RBA) published the minutes from…
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