Doubts over the effectiveness of the Iran-Oman deal are bolstering the greenback. USDJPY has recouped half of the losses incurred due to intervention. The US dollar posted its best daily performance in two weeks against a backdrop of heightened geopolitical risks and speculators closing out positions ahead of key US labour market data. Employment is…
Bitcoin and Ethereum have mostly held their levels through Friday, while XRP has been quietly sliding for five straight days Written by: Sophia Cruz • Friday, August 7, 2026 • 2 min read • Last updated: Friday, August 7, 2026 Add an article to your Reading List Register now to be able to add articles…
File photo for representational purposes only. | Photo Credit: Reuters The rupee settled on a flat note on Friday (August 7, 2026), higher by just 2 paise at 95.22 (provisional) against the U.S. dollar, on heightened risk aversion due to fragile negotiations between Iran and Oman over the Strait of Hormuz. Forex traders said risk…
TL;DR: USD/JPY has recovered a third of last week’s intervention-driven losses, but Friday’s payrolls report sets up an asymmetric trade — a strong print faces profit-taking near 160 on intervention risk, while a weak print has a clear, undeterred path back to 155. A Recovery That Faces Its First Real Test USD/JPY has recovered roughly…
Silver (XAG) continues to follow our Elliott Wave outlook after completing the wave ((iv)) pullback at 60.8514. Buyers have driven the metal higher into the final five-wave advance in wave ((v)). The corrective rally is now entering its final stage. Although the short-term trend remains bullish, the Elliott Wave structure points to limited upside. We…
Image used for representational purposes. File | Photo Credit: Reuters The rupee traded in a narrow range and depreciated 6 paise to 95.28 against the U.S. dollar in early trade on Friday (August 7, 2026), tracking a firmer dollar and a rise in U.S. treasury yields. Forex traders said dollar demand from importers and profit-taking…
Key Highlights USD/JPY started a recovery wave from the 155.25 zone. It cleared a short-term contracting triangle with resistance at 158.00 on the 4-hour chart. EUR/USD could correct some gains from the 1.1565 resistance. The US nonfarm payrolls could change by 80K in July 2026. USD/JPY Technical Analysis The US Dollar tumbled and tested 155.25…
Created on August 06, 2026 Potential signal: I am a buyer of this pair above the 182.50 level, with a stop loss at the 181.33 level, and a target of 184.50 above. EUR/JPY The euro initially pulled back against the Japanese yen during early trading on Wednesday as we continue to see the currency market…
Image used for representational purposes only. | Photo Credit: Getty Images/iStockphoto The rupee depreciated 16 paise to close at 95.24 (provisional) against the U.S. dollar on Thursday (August 6, 2026), on slight gains in the U.S. Dollar Index and a modest increase in U.S. treasury yields. Forex traders said the rupee was pressured by a…
Created on August 06, 2026 The US dollar dropped slightly on Wednesday, as we continue to dance around the 200 Day EMA USD/JPY The US dollar has pulled back ever so slightly against the Japanese yen and some other currencies as well, as the interest rates initially fell during the trading session. But as we…