The Indian Rupee strengthens as the US Dollar Index falls for the fourth straight session, hitting a fresh three-year low. US President Trump renews attacks on Fed Chair Powell, calls him “terrible,” and signals plans to name a replacement. Subdued Crude Oil prices and easing geopolitical tensions support the Rupee recovery from a three-month low. US Q1 GDP revised…
Iran says no agreement to resume nuclear talks – that’s according to a report on Iranian State TV: “There hasn’t even been any talk about it,” said Iran’s foreign minister in an interview with a local TV station This article was written by Eamonn Sheridan at www.forexlive.com.
The Canadian Dollar gains modestly as political pressure on the Fed weighs on the US Dollar. USD/CAD trades near 1.3630, down 0.70% on the day, staying within a descending channel. The technical outlook remains bearish, with immediate support seen at the lower Bollinger Band around 1.3587. The Canadian Dollar (CAD) ticks higher against the US Dollar (USD) on Thursday,…
Markets had plenty to chew on Thursday, from Fed rate cut speculations and softer U.S. GDP to upbeat durable goods orders and a potential thaw in U.S.–China trade relations. Stocks and oil climbed, gold bounced off intraday lows, and the dollar slid across the board as traders shifted into risk-on mode. Here are headlines you may have missed in…
South Korea’s financial regulator: South Korea government holds emergency meeting on household debt South Korea govt strengthens measures to control household debt The back story on this is that South Korea has one of the highest household debt-to-income ratios among OECD countries. Households owe significantly more than their annual disposable income. mortgage loans are a major component of household…
EUR/USD hits its highest level since September 2021 and extends its rally for a sixth straight session. ECB’s De Guindos flags data-driven approach, warns of trade and geopolitical risks to Eurozone outlook. US GDP revised lower to -0.5% in Q1, the first contraction in three years. Jobless Claims ease but remain elevated. The Euro (EUR) extends its winning streak…
Positng this ICYMI: J.P. Morgan has raised its year-end target for the MSCI Emerging Markets Index from 1,150 to 1,250, citing attractive valuations, a weaker U.S. dollar, and reduced uncertainty around U.S. trade policy. The firm maintains an ‘overweight’ stance on emerging markets. It noted that while trade tensions have dominated sentiment so far in 2025, fading uncertainty in…
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Trump says just signed deal with China on Wednesday, adds that has one coming up with India. This is big news if true. No details at this stage. Trump, unfortunately, overstates achievements from time to time. The assumption here is it’s a trade deal with China, but Trump has NOT said what sort of deal this is. Later this…
EUR/JPY holds firm near 169.00 with the 170.00 psychological level currently holding bulls at bay. The Euro benefits from the return of risk-on sentiment, but momentum indicators suggest that the pair may still be overbought. The safe-haven Japanese Yen struggles against its G10 counterparts, with Japan’s low-interest rate environment limiting its gains. The Euro (EUR) is experiencing a modest…
