The USD/INR currency pair has been attracting significant market attention as it approaches a crucial support area between 85.25 and 85.35. After peaking near 86.00, the US Dollar has been extending its reversal for the fourth consecutive day, while the Indian Rupee gains strength.  This article dives into the key factors shaping this price movement, technical analysis insights, and what traders should watch closely in the coming sessions. Servelius offers expert insights and a deep dive into this topic. Market Context: US Dollar Weakness and Rupee Strength The US Dollar (USD) showed initial strength following the recent US-China trade agreement...

The New Zealand Dollar (NZD) found itself under pressure on Wednesday, retreating towards the 0.6030 level against the US Dollar (USD). This movement reflects a complex interplay of investor sentiment driven by the recent US-China trade developments and the looming US Consumer Price Index (CPI) release, which is widely anticipated to impact market direction significantly.  For a comprehensive understanding, see how the brokers at Servelius tackle the topic in this article. Market Context: Disappointment on US-China Trade Deal The initial optimism surrounding the US-China “framework” trade agreement has faded, with the market showing a muted response. US Commerce Secretary Howard...

Silver markets are exhibiting renewed volatility this week as XAG/USD retreats from multi-year highs, following notable developments in US-China trade relations.  The precious metal, which had been surging due to strong industrial demand expectations and a weak US dollar, is now facing resistance amid easing geopolitical tensions and a cooling off of bullish momentum. In this piece, Servelius brokers provide a clear and detailed look into the topic. Technical Correction Follows Multi-Year Highs Silver prices are easing on Wednesday, consolidating around the $36.00 psychological support zone. The commodity had earlier tested its highest level since February 2012, pushing toward $37.49,...

Gold prices remained stable midweek as investors weighed weaker-than-expected US Consumer Price Index (CPI) data against signs of progress in the long-running US-China trade negotiations.  Despite some softening in safe-haven demand, XAU/USD held above the psychologically important $3,300 level, reflecting a market caught between dovish economic indicators and improving global trade sentiment. The Servelius brokers break down the key points of this issue in the article below. Subdued US CPI Data Reinforces Disinflationary Trend The release of the May CPI report marked a significant moment for traders. Headline inflation rose by 2.4% year-over-year, underperforming the 2.5% consensus estimate, while core...

The GBP/USD currency pair extended its bullish momentum on Wednesday during the North American session, as investors responded to the weaker-than-expected US Consumer Price Index (CPI) for May. The CPI print, which came in below consensus, raised expectations that the Federal Reserve (Fed) could initiate multiple rate cuts in 2025, enhancing demand for the British pound (GBP) against the US dollar (USD).  At the time of writing, the GBP/USD exchange rate trades at 1.3537, representing a 0.34% intraday gain. Get a detailed overview of this topic from the professionals at  Servelius in this article. US Inflation Undershoots Expectations In a...