INR recovers slightly on Friday, lifted by gains in domestic Stocks and a softer US Dollar. Brent Crude Oil trims recent gains but holds a weekly rise of over 4% so far as Middle East tensions persist. Equity benchmarks Sensex and Nifty rally over 1% each, snapping a three-day losing streak. The Indian Rupee (INR) […]
GBPJPY has been trading in a wide range since October 2024 after the pair breached the 208.00 level and retracted sharply on last July and August Carry Trades’ unwinding.Market Players recently got some key data for their trading in both the GBP and the JPY.The Bank of England took their decision to hold their rates
2025.06.20 2025.06.20 XAU/USD: Elliott Wave Analysis and Forecast for 20.06.25 – 27.06.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Once the correction ends, consider long positions above the level of 3120.70 with a target of 3600.00 – 3800.00. A buy signal: the price holds above 3120.70. Stop Loss: below 3070.00,
The role of European powers is now more prominent, as Tehran is unwilling to engage with US amid Israeli attacks. Zero enrichment will undoubtedly be rejected, ‘especially now, under Israel’s strikes’. We need to hear E3’s initiative on the nuclear issue. These comments to Reuters are giving a boost to risk assets and weighing on
Oil prices retreat from recent highs Brent crude oil fell 2.1% to $77.23 per barrel on Friday as immediate fears of US military intervention in the Middle East subsided. The decline came after President Trump announced he would delay any decision on striking Iran for at least two weeks. Despite Friday’s retreat, oil remains on track
Kelvin Wong Senior Market Analyst Based in Singapore, Kelvin Wong is a well-established senior global macro strategist with over 15 years of experience trading and providing market research on foreign exchange, stock markets, and commodities. Passionate about connecting the dots in the financial markets and sharing perspectives around trading and investment, Kelvin Wong is an
2025.06.20 2025.06.20 Short-Term Analysis for Oil, Gold, and EURUSD for 20.06.2025 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Short-term forecast for
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $72.92 per barrel, down from Thursday’s close at $75.06.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $75.06 after its previous daily close at $77.32. WTI Oil FAQs WTI Oil is a type of Crude
Akazawa is mainly reaffirming that even with the deadline closing in, that shouldn’t mean that Japan should compromise its position and stance in trade talks with the US. He told reporters earlier today that: “To avoid any misunderstanding, I would like to confirm that I have not said at all that July 9 is the
BOJ Governor Kazuo Ueda will speak in a few hours time Trump will hold a US National Security Meeting on Friday New Zealand PM to meet China President Xi to discuss trade and regional tensions JP Morgan maintains bearish dollar outlook as growth slows and global policy diverges UK’s Lammy and US’ Rubio met on
JP Morgan is sticking to its bearish view on the U.S. dollar, arguing that a combination of moderating U.S. growth, robust global policy support, and waning investor appetite for U.S. assets continues to point toward further dollar weakness. In a note to clients, the bank outlined several persistent drivers behind its negative USD stance. These
The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate,
The Bank of Japan will on Friday release the minutes from its monetary policy meeting on April 30-May 1, highlighting a busy day for Asia-Pacific economic activity. At the meeting, the BoJ left its interest rate unchanged at 0.50 percent and lowered its growth projections, citing trade tariff threats. Inflation outlook for fiscal 2025 and
Russia’s Deputy PM Alexander Novak said on Thursday that OPEC+ should follow through with plans to raise oil production, citing increased demand during the summer. Novak said it was time to return some of the 2023 voluntary cuts to the market to help balance supply. Eight OPEC+ members (Saudi Arabia, Russia, UAE, Iraq, Kuwait, Oman,
Taiwan’s central bank retained its key interest rate at its June meeting on Thursday as the policy board observed that the current rate level would help sustain sound economic and financial development on the whole. The central bank board unanimously decided to maintain the key discount rate at 2.0 percent. In addition, the rate on
Join OANDA Market Analyst Kenny Fisher, Nick Syiek (TraderNick) and podcast host Jonny Hart as they review the latest market news and moves. MarketPulse provides up-to-the-minute analysis on forex, commodities and indices from around the world. MarketPulse is an award-winning news site that delivers round-the-clock commentary on a wide range of asset classes, as well
