Author: finadmin

50-day SMA caps sideways trading

50-day SMA caps sideways trading

The GBP/JPY holds firm on Wednesday at around 215.00, as neither buyers nor sellers are reluctant to open fresh directional bets amid fears of renewed intervention in the FX markets by US and Japanese authorities to propel the Yen. At the time of writing, the cross-pair hovers below the 50-day Simple Moving Average (SMA), barely […]

Fading bullish momentum puts focus on 1.1500 support

Fading bullish momentum puts focus on 1.1500 support

EUR/USD edges lower on Wednesday, reversing earlier gains as the US Dollar (USD) shrugs off in-line US Consumer Price Index (CPI) data. At the time of writing, the pair trades around 1.1521 after touching an intraday high of 1.1563. The US Dollar weakened immediately after the inflation report as headline and core CPI eased to […]

Indian Rupee falls further as oil prices extend surge, India-US CPI awaited

Indian Rupee falls further as oil prices extend surge, India-US CPI awaited

The Indian Rupee (INR) extends its decline against the US Dollar (USD) on Wednesday as the former continues to face pressure due to surging oil prices. In the opening session, USD/INR trades slightly higher to near 95.45. The MCX Crude Oil contract expiring on August 19 trades 1% higher to near Rs. 8,040. Currencies from […]