Gold prices in India saw an upward move on Tuesday, according to FXStreet data, reflecting broader global bullish trends in the precious metals market. The spot price of gold in India was recorded at INR 10,336.95 per gram, up from INR 10,291.12 per gram on Monday. Similarly, the tola price increased to INR 120,568.00, compared...
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Asian Markets Mixed as Nikkei 225 Pulls Back From Record Highs
Asian equities experienced a mixed performance on Tuesday as investors digested Wall Street’s overnight rally and growing expectations of a Federal Reserve rate cut. While Japan’s Nikkei 225 retreated from its all-time highs, other major regional benchmarks, including South Korea’s KOSPI and Hong Kong’s Hang Seng, advanced modestly, reflecting investor caution amid geopolitical uncertainties and...
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Japanese Yen Holds Firm vs USD as BoJ-Fed Policy Divergence Supports Bias
The Japanese Yen (JPY) maintained its positive bias against the US Dollar (USD) during the Asian session on Tuesday, reflecting an ongoing divergence in monetary policy expectations between the Bank of Japan (BoJ) and the Federal Reserve (Fed). Despite political uncertainty at home, the JPY remains resilient as upbeat macroeconomic data strengthens speculation about a...
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Gold Extends Rally to Fresh Record Highs for the Third Day as Fed Cut Bets Pressure USD
Gold (XAU/USD) extended its record-setting rally for the third consecutive session on Tuesday, climbing beyond the $3,650 per ounce mark during Asian trading. The precious metal continues to attract strong demand as Federal Reserve (Fed) rate cut bets weigh heavily on the US Dollar (USD) and fuel flows into the non-yielding safe-haven asset. In this...
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EUR/USD Edges Higher Toward 1.1800 as Markets Expect the ECB to Hold Rates
The EUR/USD pair is gaining traction, advancing for the third straight session and edging toward the 1.1800 level during Asian trading hours on Tuesday. The currency pair is supported by broad-based weakness in the US Dollar (USD), as markets increasingly expect the Federal Reserve (Fed) to embark on rate cuts in September. Political instability in...
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Australian Dollar Climbs as Dovish Fed Stance Pressures US Dollar
The Australian Dollar (AUD) extended its winning streak against the US Dollar (USD) on Tuesday, climbing for a third consecutive session as shifting monetary policy expectations and mixed economic data shaped investor sentiment. Alex Tonoyan, a broker at Nabotex Group, provides a comprehensive breakdown of this topic in this article. The AUD/USD pair appreciated following...
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USD/CAD Climbs Toward 1.3850 as Growing Fed and BoC Rate cut Expectations Drive Gains
The USD/CAD currency pair extended its bullish momentum to test 1.3850 on Monday, driven by growing expectations of monetary policy easing from both the Federal Reserve (Fed) and the Bank of Canada (BoC). The pair has recovered recent losses as the US Dollar (USD) gained traction, reflecting investor focus on macro-economic indicators, central bank policy...
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Silver Price Outlook: XAG/USD Faces Selling Pressure Near $40.50 as Fed Rate Cut Expectations Rise
The Silver price (XAG/USD) is trading under renewed selling pressure in Monday’s Asian session, edging lower to around $40.65. The white metal has retreated after briefly touching levels not seen in more than 14 years. The near-term momentum in Silver prices is being shaped by expectations of a dovish shift from the US Federal Reserve...
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NZD/USD Holds Firm Near 0.5900 as China’s August Trade Surplus Widens
The NZD/USD pair held firm near the 0.5900 level during Monday’s Asian session, supported by a combination of strong Chinese trade data and softer-than-expected US jobs figures. With China being New Zealand’s largest trading partner, improvements in Beijing’s trade performance often have a direct influence on the New Zealand Dollar (NZD), keeping the pair resilient...
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Cardano’s Price Battle: Japan’s Surge and the $0.70 Wall
Cryptocurrency markets rarely rest easy. Cardano (ADA) is no exception. Over recent weeks, a surge in Japanese trading activity has propelled ADA into a fierce contest near the $0.70 resistance level, a threshold that has proven stubborn. Brokers and financial experts from Lesrouleaux take a close look at the forces behind Cardano’s current trading behavior...
