Conrad

USD/INR has been trading in a limited range for over a week.Indian markets are closed on Thursday.The RBI kept its Repo Rate steady at 5.5% on Wednesday. The USD/INR pair ended Wednesday with a 0.2% correction to near 88.83. The pair faced selling pressure on Wednesday after the Reserve Bank of Indi

South Korea and the United States (US) released a joint statement on a foreign exchange policy agreement on Wednesday. Key takeaways South Korea, US agree to avoid manipulating exchange rates to gain unfair competitive advantage. South Korea, US agree any macroprudential, capital flow measures will

The Dollar Index continues to hold the 99-97/96 range for now. The Euro & EURINR looks bullish towards 1.18/19 and 105 or higher in the near term. EURJPY needs to sustain above 174 to head towards 176, else it can be vulnerable to test 173 initially. USDJPY can test 148 or slightly lower levels

We have two big events this week, a bundle of labor market data culminating in payrolls on Friday, and the talks ahead of the government shutdown on Oct 1. If talks fail, there will be no payrolls release. The probability of the government shutdown is quite high so we will have to make do with JOLTS

Gold price forecast: XAU/USD holds just under $3,800 as Fed rate cuts keep the market supported.China’s gold demand and record ETF inflows add fuel to the long-term bullish outlook.Technical setup: H4 Fair Value Gap ($3,791–$3,758) is key, with breakout aiming for $3,840–$3,880 or breakdown toward $

It’s hard not to see central banks in disarray. Sweden’s Riksbank cut rates in a surprise move and the krona went up. In the US, Atlanta Fed Bostic said there is no need for another rate cut and new member Miran said we need five. Powell speaks at noon today with some holding their breath, which is

Important News for the day Fri, 19th, 05:46 CET JP BoJ interest rate decision. US markets US indices continue to run higher but the strength of the Dollar might be a burden anytime soon. Furthermore, also the impact of the recent rate cut and the future outlook did not help markets much, which could

The British pound is unchanged on Wednesday, trading at 1.3645 in the European sesison. UK inflation remains entrenched Today's inflation report was a dour reminder that UK inflation remains entrenched. CPI for August was unchanged at 3.8% y/y, matching the consensus and its highest level since Janu