USD/JPY rises as positive NFP boosts US Dollar

USD/JPY rises as positive NFP boosts US Dollar

USD/JPY Sees Nearly 1% Spike Following Strong US Employment Data US economy added 147,000 jobs in June; unemployment rate unexpectedly drops to 4.1% Bank of Japan’s Takata indicates that rate hike pause is temporary, as Japan nears 2% inflation target The Japanese Yen (JPY) is likely to weaken against the US Dollar (USD) this Thursday. […]

USD/INR rises slightly at the start before US NFP data release

USD/INR rises slightly at the start before US NFP data release

The Indian Rupee Strengthens Against the Dollar The Indian rupee has gained significantly against the US dollar ahead of the June US non-farm payroll (NFP) data release. The US NFP figures hold substantial influence over market sentiments regarding the Federal Reserve’s monetary policy direction. Foreign institutional investors (FIIs) sold Indian equities worth Rs. 3,531.76 crores […]

Bitcoin rises to $109.7K, but professional traders doubt BTC’s price movements.

Bitcoin rises to $109.7K, but professional traders doubt BTC’s price movements.

Important takeouts: Bitcoin is trading at an all-time high, but derivative data shows traders being cautious and uncommitted. China’s USDT discounts and spot Bitcoin ETF leaks highlight investors’ concerns over global trade tensions. Bitcoin (BTC) exceeded $109,000 on Wednesday after briefly retesting its support level at $105,200 earlier in the day. This surge coincided with […]

Market Update: Dow Rises 400 Points After Senate Approves Trump’s Tax Proposal

Market Update: Dow Rises 400 Points After Senate Approves Trump's Tax Proposal

Market Update: July Start with Mixed Signals On Tuesday, the stock market began July on a downturn, primarily influenced by declines in major tech stocks. In contrast, there was a notable uptick from small businesses, which provided some relief. The Dow Jones industrial average climbed by 400 points, or 0.9%. However, the S&P 500 dipped […]

USD/CAD rises as Powell from the Fed keeps a firm stance.

USD/CAD rises as Powell from the Fed keeps a firm stance.

USD/CAD is increasing as Powell’s comments at the ECB Forum heighten expectations for rate cuts that were previously reduced in September. Federal Reserve Chairman Powell stated: “If the US economy remains solid, we should be cautious and wait.” PMI and JOLTS job data from the US ISM manufacturing sector have exceeded expectations, indicating a resilient […]

Dollar rises after positive data. Powell: Fed pausing. Keeping an eye on data.

Dollar rises after positive data. Powell: Fed pausing. Keeping an eye on data.

Forex trading carries significant risk and may not be appropriate for every investor. The use of leverage adds to this risk, potentially increasing losses. It’s vital to thoroughly assess your investment objectives, experience, and risk tolerance before engaging in Forex trading. You could lose the money you initially invest, so it’s critical not to invest […]

Gold price update for Tuesday, July 1, 2025: Gold rises as tariff deadline nears

Gold price update for Tuesday, July 1, 2025: Gold rises as tariff deadline nears

Gold Futures Update Gold futures began trading on Tuesday at $3,315.70 per ounce, showing a 0.7% increase from Monday’s close of $3,294.40. Interestingly, prices have also seen gains in earlier trading hours, possibly hinting at a reversal of weekly losses. Investors are on the lookout for updates regarding trade agreements and Senate discussions surrounding President […]