Image used for representational purposes. File | Photo Credit: Reuters The rupee gained 9 paise to 95.65 against the U.S. dollar in early trade on Friday (August 21, 2026), supported by the weakening of the American currency in the overseas markets. Forex traders said for India, a softer dollar is being offset by another challenge…
RBI Deputy Governor Rohit Jain outlines a forward-looking vision for India’s foreign exchange markets, emphasising the pivotal role of local currencies, technological advancements, and addressing market challenges to foster global engagement and efficiency. Key Points Local currencies are set to play a larger role in cross-border trade, enhancing efficiency and reducing costs. India’s foreign exchange…
Created on August 20, 2026 The Forex market has reached a moment of interest to traders following yesterday’s US Treasury announcement that it will be supporting the long end of its bond market, which triggered a sharp fall in the US Dollar. Major currency pairs such as this one are already in medium to long-term…
Created on August 20, 2026 We have reached a milestone in the GBP/USD currency pair – possibly a decisive one – following the strong, long-term bullish breakout yesterday. While the price action remains well within its longer-term range, the bullish case may finally be becoming increasingly convincing for several solid reasons, both fundamental and technical….
CASTRIES, Saint Lucia, Aug. 20, 2026 (GLOBE NEWSWIRE) — PrimeXBT, a global multi-asset broker, has expanded its Swap-Free offering to PXTrader 2.0, giving traders access to both Swap-Free and Extended Swap-Free accounts on its proprietary Crypto and CFD trading platform. Swap-Free replaces the usual overnight swap with a fixed USD-per-lot administrative fee, giving traders more…
TL;DR: Gold surged 3.7% to $4,495 after a Treasury buyback shock sent long-end yields and the Dollar tumbling — a real-yield move that survived hawkish FOMC minutes and now puts a break above $4,600 within reach of $5,000. Treasury Buyback Shock Cracks Long Yields Gold’s path toward $5,000 has become more credible after Wednesday’s Treasury…
Key Highlights Ethereum started a fresh surge above the $2,000 resistance. It surged over 20% and even tested the $2,300 resistance on the 4-hour chart of ETH/USD. Bitcoin price also started a decent increase above the $66,650 resistance. XRP climbed higher after it formed a base above the $1.00 pivot zone. Ethereum Technical Analysis Ethereum…
The Euro and British pound are trading cautiously against the US dollar as markets await the release of the minutes from the Federal Reserve’s latest meeting. At its July meeting, the Fed left interest rates unchanged and reiterated that future decisions would depend on incoming economic data. Investors will pay particular attention to how FOMC…
USD/JPY held around 159.53, with the Japanese yen trading sideways for more than a week. The currency has lost approximately half of the gains made following the joint intervention by Tokyo and Washington at the end of July. Pressure on the yen persists due to a wide interest rate differential, rising fiscal risks, and elevated…
Created on August 19, 2026 Traders big and small are likely concluding in WTI Crude Oil that current conditions between Iran and the U.S are faced with a difficult reality. It is becoming clear the Middle East situation lacks a genuine avenue for a quick resolution and the price of WTI Crude Oil continues to…