Gold prices in India edged higher on Monday, according to the latest data from FXStreet, as steady domestic demand and a supportive global backdrop helped lift prices. The move comes amid ongoing geopolitical...
Gold prices in India edged higher on Monday, according to the latest data from FXStreet, as steady domestic demand and a supportive global backdrop helped lift prices. The move comes amid ongoing geopolitical uncertainties and cautious investor sentiment in financial markets.
Spot gold in major Indian cities saw modest gains, tracking the movement in international markets where prices remained elevated. Despite fluctuations in the US dollar and Treasury yields, the precious metal continues to attract safe-haven interest, particularly in Asia.
Analysts noted that Indian gold prices are also being...
The New Zealand dollar remained supported above the 0.5900 level on Tuesday, drawing strength from stronger-than-expected GDP figures out of China that helped bolster sentiment across Asia-Pacific markets....
The Bank of England may be inching closer to its first rate cut since the tightening cycle began, as economists forecast a further slowdown in UK inflation for March. The latest CPI report, due this week,...
The Australian dollar held steady on Tuesday, maintaining its footing near recent highs as investors welcomed stronger-than-expected economic growth figures out of China. The upbeat data helped shore up...
The Australian dollar struggled to gain traction against the yen on Tuesday, with AUD/JPY lingering below the mid-90.00s range despite stronger-than-expected economic data out of China. The pair’s...
The Japanese yen traded near its strongest levels in months on Tuesday, buoyed by a broad decline in the U.S. dollar as investors reassessed the interest rate outlook in the wake of softer U.S. economic...
The New Zealand dollar surged to a fresh 2025 high against the greenback on Tuesday, with NZD/USD rising toward the 0.5930 level, buoyed by broad-based U.S. dollar weakness and growing market appetite...
Gold prices remained elevated above the $3,200 mark on Monday, as renewed friction between the United States and China sparked safe-haven demand and added fresh uncertainty to global markets. Investors...
A senior official at the Bank of Japan signaled a cautious stance on Monday, stating the central bank will continue to closely monitor market developments and assess their impact on the domestic economy....
The British pound climbed to its highest level since October, with GBP/USD breaking above the 1.3200 mark in Monday trading, as investors positioned ahead of key UK labor market data due later this week....
The euro slipped against the U.S. dollar on Monday, as investors turned cautious ahead of this week’s European Central Bank policy meeting. The pause in momentum comes after a modest rally in EUR/USD last...
The People’s Bank of China (PBOC) has set the USD/CNY reference rate at 7.1788, just slightly above the previous day’s level of 7.1780, signaling a subtle shift in the currency market. The adjustment...
The EUR/USD exchange rate has been under pressure recently, as the euro struggles to maintain its value against the US dollar. A key factor driving this downturn is the declining sentiment among European...
The GBP/USD currency pair is trading with a positive bias, holding steady around the 1.2930 mark, as the U.S. dollar shows signs of modest weakness. The pound has found support amid softer demand for the...
The EUR/USD currency pair has climbed to nearly 1.0850 as markets anticipate the release of Purchasing Managers’ Index (PMI) data from both the Eurozone and the United States. This move reflects...
The New Zealand dollar (NZD) is gaining ground against the U.S. dollar (USD), breaking the 0.5800 mark, as the country officially exits its recession. New Zealand’s economy showed signs of recovery...
The EUR/USD currency pair has remained steady following the Federal Reserve’s decision to hold rates steady, as market participants digest the central bank’s cautious stance. The Fed’s move to pause its...
The People’s Bank of China (PBOC) has set the USD/CNY reference rate at 7.1697, a small decrease from the previous day’s rate of 7.1733, signaling a continued effort to maintain stability in the...
The US dollar remains under pressure, with the Dollar Index (DXY) hovering around 103.50 as market sentiment leans bearish. Weak economic data and shifting Federal Reserve expectations have weighed on...
The Japanese yen continues to lose ground, with the USD/JPY pair approaching the key 150.00 level, as persistent selling pressure keeps the currency under pressure. A combination of dovish Bank of Japan...
European Central Bank (ECB) policymaker François Villeroy de Galhau is advocating for a greater international role for the euro, emphasizing the need to reduce reliance on the U.S. dollar in global trade...
Bitcoin ETFs saw a strong rebound last Friday, as inflows surged by $1 billion, marking one of the most significant weekly rallies in recent months. This influx highlights renewed investor confidence in...
Solana’s memecoin market is drawing attention as Pudgy Penguins, Fartcoin, and Ai16z take center stage in January 2025. These tokens, leveraging the blockchain’s speed and low fees, have attracted...
Bitcoin has soared to an all-time high of $100,000, bolstering optimism across the cryptocurrency market. The landmark achievement comes amid heightened interest in blockchain innovation and renewed confidence...
Ripple’s XRP has captured market attention following a 40% surge in open interest, sparking speculation of a new all-time high for the cryptocurrency. The spike reflects heightened trading activity...
Bitcoin’s price hovers near a crucial resistance level, sparking speculation over its next major move. Currently consolidating around the $30,000 mark, the cryptocurrency faces a pivotal moment that...
Markets saw a whirlwind of speculation and volatility as cryptic social media posts from industry insiders stirred investor sentiment. The posts, ranging from vague predictions to ambiguous charts, led...
The People’s Bank of China (PBOC) has reaffirmed its commitment to bolstering economic recovery by rolling out additional stimulus measures aimed at boosting consumption. In its latest statement,...
The meme coin market delivered an unprecedented surge in 2024, with its market cap climbing by 500%, signaling renewed investor interest in speculative digital assets. Key players like Dogecoin and Shiba...
Bitcoin’s remarkable 2024 rally appears to be faltering as December outflows from US Bitcoin ETFs signal investor caution. After a year marked by soaring prices and heightened institutional interest, the...
Floki DAO is making strides toward the European market by proposing liquidity provisioning for a Floki Exchange Traded Product (ETP). The move is part of an ongoing effort to strengthen the presence of...
Asian markets took a breather as investors assessed the Federal Reserve’s latest stance and major tech earnings. Stocks across the region showed mixed movements, with gains in some sectors offset by losses...
Oil prices remained stable as investors assessed the impact of shifting US trade policies on global demand. Market participants kept a close watch on potential tariff adjustments that could influence economic...
Dow Experiences Significant Drop
Source: DailyFx
The Dow has hit its lowest point since mid-January, marking a near-6% decline from its March highs. A further descent could challenge the 37,129 support,...
WTI crude oil declined toward $72.50 per barrel as rising U.S. crude stockpiles added to concerns about supply-demand dynamics. Data from the American Petroleum Institute (API) showed a larger-than-expected...
Recent Developments
Recently, the S&P 500 failed to exceed the peak of $5264.85 from March 28. It has since fallen below key levels at $5100 and $5056. This validates our forecast of a peak around...
Asian markets extended their losses as Japan’s Nikkei 225 dropped sharply, reflecting a broader sell-off driven by continued weakness in the AI sector. The Nikkei fell 1.8%, erasing earlier gains,...
Oil prices extended their decline as markets reacted to escalating trade tensions following renewed tariff threats from former U.S. President Donald Trump. The prospect of heightened tariffs raised concerns...
Japan’s tech sector faced renewed pressure as DeepSeek, a major player in AI technology, issued a profit warning citing weakening demand in the artificial intelligence market. The warning sent ripples...
Asian stocks opened higher despite lingering uncertainties around trade tariffs. Investors balanced optimism from regional gains with caution as the potential for further tariff announcements looms. Key...
Oil prices dipped as former President Donald Trump reiterated demands for the Organization of the Petroleum Exporting Countries (OPEC) to reduce energy costs. The remarks, delivered during a recent public...
Analysis
Market Sentiment and Strategy: EUR/USD, USD/CAD, Dow Jones
In trading, the allure of following prevailing trends—buying in bullish and selling in bearish phases—is strong. However, seasoned traders often find that unconventional strategies, like contrarian trading, which opposes dominant market sentiments, can unlock significant opportunities. This approach...
Euro FX Analysis: EUR/USD, EUR/CHF, EUR/GBP, EUR/JPY & Weekly Levels
Market Outlook and Sentiment Analysis
In the dynamic realm of currency trading, adopting contrarian strategies can unveil hidden possibilities by deviating from conventional thinking.
IG client sentiment provides valuable insights into the market’s sentiment, especially when analyzing the Euro...
US Dollar Market Analysis: Insights on EUR/USD and GBP/USD Recovery, USD/JPY Stability
The US dollar experienced a minor decline on Monday, though the drop was minimal, likely restrained by a rise in U.S. Treasury yields. Investors took profits following the dollar’s robust performance the previous week. Additionally, many chose not to take significant positions ahead of anticipated...
British Pound Trading Analysis: GBP/USD, EUR/GBP, GBP/JPY
Trading often resembles a game of follow-the-leader, with participants reacting to market movements by following established trends. However, experienced traders leverage contrarian strategies, which can uncover significant opportunities by opposing mainstream market sentiment.
IG client sentiment...
EUR/CHF Sentiment Analysis
EUR/CHF Trader Positions
Source: DailyFX
Retail Sentiment Overview
Currently, 49.76% of traders hold a net-long position in EUR/CHF, resulting in a nearly balanced short to long ratio of 1.01 to 1. Since April 11, 2024, when EUR/CHF was near 0.98, traders have shifted to a net-short stance. Despite...
EUR/USD remains range-bound as markets brace for key U.S. jobs data
The EUR/USD pair traded in a narrow range, with investors staying cautious ahead of the highly anticipated U.S. Non-Farm Payrolls (NFP) report due on Friday. The muted price action reflects market uncertainty, as traders assess how the jobs data could influence Federal Reserve policy and broader currency...
Australian dollar holds firm as trade surplus meets expectations
The Australian dollar remained stable after the country’s latest trade balance data showed a stronger-than-expected surplus of 5.62 billion AUD in January, slightly above market forecasts. The currency’s muted reaction suggests that traders had already priced in steady export performance, with little...
Euro surges against dollar as investors anticipate trade policy shift
The euro made significant gains against the U.S. dollar, driven by growing expectations that trade policies could see a shift in the coming months. Investors reacted to signals that tariff adjustments may be on the horizon, fueling optimism in currency markets and prompting a surge in EUR/USD trading...
Gold Outlook: XAU/USD targets record highs
Gold prices are on the rise, with XAU/USD inching closer to its all-time high as investors remain bullish on the precious metal. The momentum stems from growing speculation that central banks may adopt...
Bitcoin Pulls Back from $100.6K as Retail Investors Favor Trump-Linked Tokens
Bitcoin’s recent surge to an all-time high of $100,600 has reversed sharply, raising questions about the durability of its rally. The leading cryptocurrency fell below the milestone, with analysts...
Ethereum Price Outlook: ETH May Surge Past $4,400 Despite Higher Staking Withdrawals
Ethereum’s price is signaling potential for a significant rally as it edges closer to the $4,400 mark. Despite an uptick in staking withdrawals, market sentiment remains optimistic, bolstered by...
EUR/USD Price Prediction: Bulls Fail to Solidify Gains
The EUR/USD failed to sustain its recent bullish move, as economic uncertainty and a stronger dollar weighed on the pair. Despite a brief uptick driven by favorable sentiment in European markets, the euro...
SPX – Market Experiences Poor Breadth
The S&P 500‘s recent performance has highlighted a troubling divergence in market participation. Despite the index’s rally, the gains are being driven by a narrow group of mega-cap stocks,...
Dogecoin Outlook: DOGE Surpasses SHIB and PEPE as Traders Bet on Trump’s Victory
Dogecoin is capturing the attention of traders as its performance surpasses rivals Shiba Inu (SHIB) and Pepe (PEPE) in a volatile market. The meme cryptocurrency recorded a significant uptick in trading...
Ethereum Forecast: Investors Remain Optimistic with Rising Interest and Major ETH Withdrawals
Ethereum’s market sentiment remains bullish as key indicators point to strengthened investor confidence. The cryptocurrency saw a surge in open interest, reflecting increased activity in derivative markets....
Silver's Moment to Shine Arrives: Prepare Yourself
Silver is capturing attention as economic uncertainty drives investors toward safe-haven assets. Analysts note a surge in demand for precious metals, with silver standing out due to its dual role as both...
EUR/USD Outlook: Negative Sentiment Expected to Persist for Now
The EUR/USD continues to face headwinds as bearish sentiment dominates market sentiment. Lingering concerns over Europe’s economic stability, coupled with robust U.S. dollar performance, have put...
Robust US Dollar After Strong Jobs Report Puts Other Currencies Under Pressure
The U.S. dollar strengthened significantly on the back of robust jobs data, leaving other major currencies struggling to keep pace. The latest report revealed better-than-expected payroll growth, reinforcing...
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