Representational Photo Mumbai- India’s forex reserve jumped by USD 938 million to USD 682.321 billion during the week ended May 28, the Reserve Bank said on Friday. In the previous reporting week, the kitty dropped USD 7.511 billion to USD 681.384 billion. The kitty had expanded to an all-time high of USD 728.494 billion during…
Japan’s latest reserve data have transformed the debate around the Yen. The question is not whether Tokyo is willing to intervene. It already has. The question now is how many times it is willing to do so. Data released on Friday showed Japan’s foreign reserves fell by around USD 75 billion in May. The decline…
The Euro firmed on Friday and probes again through initial barrier at 1.1635 (daily cloud base / daily Tenkan-sen) after short-lived cloud penetration on Thursday which left daily candle with long upper shadow. Daily cloud continues to cap upticks for almost two weeks, contributing to overall bearish daily structure (cluster of converged DMAs stays just…
US labor market resilience was on full display in May as non-farm payrolls rose 172k, nearly double market expectations of around 85k. The report was further strengthened by a sizable upward revision to April’s payroll gain from 115k to 179k, indicating that hiring momentum was considerably firmer than previously thought. The unemployment rate held steady…
Dukascopy Bank has expanded its trading offering with the launch of a dedicated Stock Trading Platform, providing access to more than 25,000 CFDs on stocks and ETFs from markets around the world. The Stock Trading Platform has been developed to extend Dukascopy’s multi-asset offering beyond what is currently available on JForex. It is designed for…
Key takeaways EUR/USD remains resilient ahead of the US Nonfarm Payrolls report, supported by expectations that the European Central Bank will maintain a more aggressive tightening path than the Federal Reserve despite weak Eurozone growth. Interest-rate expectations are becoming increasingly supportive for the euro, with the Eurozone-US policy rate differential narrowing as markets price additional…
The S&P 500 (SPX) continues to push into new all‑time highs, advancing in a clear impulsive structure. The current cycle began from the March 30, 2026 low, where wave 1 concluded at 7147.78. A corrective dip followed, with wave 2 ending at 7046.55. From that point, the Index established a nested sequence higher in wave…
Gold traders have spent the past week waiting. After falling steadily from 4,889.24, the precious metal has settled into a tense standoff between 4,400 support and 4,600. Neither bulls nor bears have been willing to commit before today’s US Non-Farm Payrolls report. The reason is simple. The jobs data may not decide the Fed’s next…
Key Highlights USD/JPY remained supported and climbed above 159.80. A bullish trend line is forming with support at 159.70 on the 1-hour chart. EUR/USD is struggling to clear the 1.1680 resistance zone. Bitcoin declined heavily and tested the $62,000 support. USD/JPY Technical Analysis The US Dollar remained well bid above 159.20 against the Japanese Yen….
Copper continues to be noisy, but the overall picture longer-term remains very strong. After all, the artificial intelligence sector will demand a lot of it, along with the electrification of the economy. Copper continues to offer plenty of opportunities as we had fallen pretty significantly early during the trading session on Wednesday but found buyers…