Forex
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USD/INR extends its advance as oil prices rise further
The Indian Rupee continues to underperform against the US Dollar amid rising oil prices. US President Trump warns of extending…
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Offshore Yuan Remains Near 2023 Peak Levels
The offshore yuan traded around 6.83 per dollar on Wednesday, remaining near a recent more than three-year high, as it…
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US Dollar Index steadies near 98.50, all eyes on Fed rate decision
US Dollar Index flat lines around 98.65 in Wednesday’s early Asian session. The Fed is widely expected to hold interest…
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EUR/USD – Likely find direction after Fed’s policy announcement
EUR/USD trades calmly near 1.1700 ahead of the Fed-ECB monetary policy announcement. Both the Fed and the ECB will likely…
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EUR/JPY remains subdued below 187.00 as risk-off sentiment weighs on Euro
EUR/JPY falls as the Euro weakens amid rising risk aversion over uncertainty surrounding a potential Middle East ceasefire. US officials…
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Canadian Dollar consolidates vs USD as traders keenly await BoC/FOMC rate decisions
USD/CAD struggles to capitalize on the overnight recovery gains amid a combination of diverging forces. The US-Iran statement benefits the…
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GBP/USD – Hovers around nine-day EMA near 1.3500
GBP/USD may appreciate toward the two-month high of 1.3599. The 14-day Relative Strength Index near 56 signals positive momentum without…
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Trade of The Day – GBP/JPY
Facts: The pair reached the lower limit of 1:1 structure at 215.14 Main trend on the pair remains upward Recommendation:…
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Chart of the day – USDJPY with mixed reaction to cautious Bank of Japan decision. Is stagflation heading to Japan?
The Bank of Japan kept interest rates unchanged at 0.75%, in line with market expectations, although the reaction of the…
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USD/INR boards fresh rally as oil prices remain elevated
The Indian Rupee falls further against the US Dollar as higher oil prices boost demand for the Greenback by Indian…
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