The GBP/USD pair continues to attract sellers, extending its downtrend for the third consecutive day, as the US Dollar (USD) maintains broad-based strength. Spot prices currently hover around the 1.3475 region, down approximately 0.10% on Wednesday, following some follow-through USD buying during the Asian session. This marks the fourth negative day in the past five...
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In Forex
Market Crossroads: Retail Giants Face Tariff Truth Test
Wall Street Holds Breath as Home Depot, Target, and Walmart Report Earnings Amid Inflation Concerns and Jackson Hole Uncertainty U.S. stock futures are treading water as Wall Street prepares for a pivotal week of retail earnings that could determine whether corporate America has truly mastered the tariff game or simply enjoyed a lucky quarter. Dow...
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The Pro Customer Goldmine: How Home Depot’s B2B Strategy Could Reshape Retail Economics
Big Box Retailers Are Quietly Building Construction Empires While Everyone Watches Consumer Spending Home Depot’s upcoming Q2 earnings report has Wall Street buzzing about same-store sales growth and housing market recovery. But a lead financial expert at Servelius believes the real story lies buried in a segment most investors overlook: the professional customer base that’s...
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USD/INR Bounces Back as FIIs Continue to Pare Stake in Indian Stock Market
The Indian Rupee (INR) opened lower against the US Dollar (USD) on Wednesday, reversing a three-day winning streak. The USD/INR pair rebounded to near 87.30 amid sustained foreign fund outflows from Indian equities. Despite the Indian government announcing Goods and Services Tax (GST) reforms and tax incentives to bolster consumption, Foreign Institutional Investors (FIIs) remain...
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Japanese Yen Clings to Gains as Hawkish BoJ Expectations Offset Unimpressive Data
The Japanese Yen (JPY) extended its recent gains on Wednesday, attracting dip-buyers after a muted reaction to mixed domestic economic data. While Japan’s economy showed signs of uneven momentum, the growing expectation of a hawkish Bank of Japan (BoJ) has kept the Yen resilient, even as USD/JPY continues to fluctuate ahead of major US monetary...
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Gold Slips to Three-Week Low Amid Steady Dollar and Optimism Over Russia-Ukraine Peace Talks
Gold (XAU/USD) extended its losses on Wednesday, hitting a nearly three-week low amid continued USD strength and renewed hopes for a Russia-Ukraine peace deal. The precious metal remains under pressure as market participants weigh monetary policy expectations, geopolitical developments, and technical support levels. Eric Muller, a broker at Highmont Group, sheds light on this subject...
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USD/CAD Rises to Fresh Three-Month Highs Near 1.3900
The USD/CAD currency pair has surged to fresh three-month highs, hovering near 1.3900, as the market positions itself ahead of the US Federal Reserve’s (Fed) July Meeting Minutes, scheduled for release on Wednesday. The US Dollar (USD) is benefiting from both geopolitical optimism and supportive economic developments, while the Canadian Dollar (CAD) faces headwinds following...
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NZD/USD Price Forecast: Falls toward 0.5700 after RBNZ Policy Decision
The NZD/USD currency pair is showing signs of continued weakness, trading around 0.5830 during Asian hours on Wednesday, following the Reserve Bank of New Zealand (RBNZ) decision to cut interest rates by 25 basis points, lowering the Official Cash Rate (OCR) to 3%, in line with market expectations. This move has contributed to a bearish...
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In forex
Silver Price Forecast: XAG/USD Dips Toward 50-Day EMA Near $37.00
Silver price (XAG/USD) continued its bearish momentum on Wednesday, extending its losing streak for the fifth consecutive session. During the Asian trading hours, the precious metal was observed trading around $37.20 per troy ounce, reflecting the ongoing downtrend. Technical indicators suggest that the Silver price remains under pressure, with the short-term and medium-term momentum skewed...
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In forex
US Dollar Index Strengthens Above 98.00 Ahead of FOMC Minutes
The US Dollar Index (DXY), a benchmark gauge of the US Dollar’s (USD) value against a basket of six major global currencies, traded higher around 98.30 during Wednesday’s Asian session, signaling renewed strength in the greenback. Market participants are closely eyeing the upcoming Federal Open Market Committee (FOMC) Minutes for insights into the Federal Reserve’s...
