Forex News

Gold prices have been on the rise, reaching record highs near $2,390 during the early Asian session on Friday. This surge can be attributed to various factors, including market expectations of a potential interest rate cut by the US Federal Reserve (Fed), gold purchases by the Chinese central bank, and ongoing geopolitical tensions in the

The EUR/USD pair is currently trading around 1.0740, facing pressure from a stronger USD. This comes after an unexpected rise in US CPI inflation data in March, which pushed the US Dollar to yearly highs and weighed on the major pair. Investors are closely monitoring the European Central Bank (ECB) interest rate decision and the

The Indian Rupee (INR) has shown a loss in its recent gains due to renewed demand for the US Dollar (USD). Despite this setback, factors such as Dollar sales from banks, lower crude oil prices, and India’s strong economic growth prospects are expected to help limit the downside for the INR. The upcoming US March

The Bank of Japan Governor Kazuao Ueda’s comments on the inflation and policy outlook highlight several key factors that will influence the future direction of monetary policy. The expectation of trend inflation gradually accelerating raises the possibility of a reduction in monetary stimulus if inflation approaches the 2% target. However, uncertainties surrounding factors such as

The Japanese Yen (JPY) has been facing downwards pressure for the second consecutive day due to a combination of factors. The cautious stance of the Bank of Japan (BoJ) towards policy tightening, softer domestic data, and a positive risk tone in the market have contributed to the weakening of the safe-haven JPY. The BoJ’s reluctance

The Indian Rupee (INR) is currently facing challenges as it trades in negative territory due to stronger demand for the US Dollar (USD). This demand is likely coming from importers, putting pressure on the INR. Additionally, the escalating geopolitical tensions in the Middle East and the increase in oil prices are further weighing on the

Gold prices have climbed to an all-time high above the $2,300 mark during the early Asian session. This surge can be attributed to the weaker-than-expected US ISM Services PMI data for March and the speculation that the Federal Reserve (Fed) has reached its peak in the rate hike cycle, boosting demand for the precious metal.

The EUR/USD pair has been trading softer around 1.0765 despite the weaker US Dollar Index (DXY) below the 105.00 mark. Investors witnessed the pair bouncing off multi-week lows near 1.0720 on Wednesday, signaling some support for the major pair. However, the softer German inflation data on Tuesday has put pressure on the Euro as speculations

The USD/JPY pair has been experiencing volatility, with its next move heavily dependent on the actions of the US Federal Reserve. According to Thanos Vamvakidis, Global Head of G-10 FX Strategy at Bank of America Merril Lynch (BofA), the Fed’s decision on rate cuts will play a crucial role in determining the direction of USD/JPY.

The Japanese Yen (JPY) continues to face challenges as it fails to capitalize on a modest Asian session uptick against the American dollar. Despite a slight increase, the JPY remains within reach of a multi-decade low reached last week, signaling weakness in the currency. The cautious outlook from the Bank of Japan (BoJ), highlighting that

The Japanese Yen (JPY) continues to face challenges as the Bank of Japan’s (BoJ) cautious approach and intervention fears limit its losses against major currencies. Despite the risk-on mood and uncertainty surrounding future rate hikes, the safe-haven nature of the JPY is currently being undermined. Finance Minister Shunichi Suzuki’s comments about speculative moves fueling the