As the Indian Rupee weakens in Tuesday’s early Asian session, several global economic events are contributing to this trend. Month-end USD demand and higher crude oil prices are two significant factors that weigh on the INR. Traders are also keeping a close eye on the US August CB’s Consumer Confidence report ahead of key events
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The Dow Jones Industrial Average reached an all-time high, while tech giants like Nvidia, Microsoft, Amazon, Meta Platforms, and Tesla took a step back from their recent rallies, causing the S&P 500 to slip 0.3% and the Nasdaq to stumble by 0.9%. This shift in the market dynamics actually signals a broader rotation, with small-cap
The S&P 500 showed signs of recovery after a weak Thursday close, with subtle clues indicating that interest rate sensitive plays were set to outperform largecaps. This insight was shared with clients, hinting at a strong week ahead. The lack of protest from rates and growing confidence in a soft landing contributed to this shift.
When it comes to trading foreign exchange, it is crucial to understand the risks involved. Trading on margin carries a high level of risk, which may not be suitable for all investors. The high degree of leverage can work against you, leading to significant losses. Before diving into foreign exchange trading, it is essential to
The AUD/USD pair recently experienced a drop, moving down to 0.6950 due to a recovery in the USD. This adjustment comes after a strong uptrend that saw the pair gaining around 2% in previous sessions. The narrative of monetary policy divergence between the Federal Reserve (Fed) and the Reserve Bank of Australia (RBA) has been
The recent RBA Minutes have indicated that the current cash rates are likely to stay in place for a longer period. This has led to speculation that the Australian Dollar may continue to advance its gains in the near future. Despite the suggestion that a rate cut is unlikely soon, the market sentiment towards the
The USD/CHF pair has been struggling and losing ground, hovering around 0.8620 in the early Asian trading session. One of the major factors contributing to this decline is the market’s expectation of three quarter-point rate cuts by the Federal Reserve this year. This anticipation has significantly weakened the US Dollar, putting pressure on the pair
The New Zealand Dollar has shown strong gains in the Asian session on Tuesday, driven by positive market sentiment that has weighed on the US Dollar. Investors are closely watching the People’s Bank of China (PBoC) rate decision, as well as upcoming Fedspeak scheduled for Tuesday. The PBoC decided to maintain the one-year and five-year
The USD/JPY pair faced challenges in capitalizing on its slight upward movement during the Asian session, failing to maintain momentum towards the 148.00 mark. Currently hovering just below the mid-147.00s, the pair is at risk of continuing its retracement from the recent two-week high. One of the key factors hindering significant gains for the USD/JPY
The NZD/JPY pair has experienced a slight increase, reaching 89.30 and approaching the 20-day Simple Moving Average (SMA). This movement suggests that there may be some bullish momentum in the market. Looking at the Relative Strength Index (RSI), it is hovering around the 50 mark. This indicates that the market is neither oversold nor overbought
After the release of the University of Michigan’s Consumer Sentiment Index figures and softer-than-expected housing market data, the US Dollar Index (DXY) experienced a decline, indicating a reaction to the economic data. The Consumer Sentiment Index recorded an improved figure for early August, which exceeded market expectations. However, the Current Conditions Index illustrated a decline,
The AUD/USD pair saw a rise of 0.40% during the recent session, reaching levels around 0.6950. This increase can be attributed to the hawkish stance maintained by Reserve Bank of Australia’s (RBA) Governor Michele Bullock. Her comments emphasized vigilance toward potential inflation risks, stating that it is premature to consider any rate cuts at the