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Indian Rupee: Contained inflation supports RBI pause – Commerzbank
Commerzbank’s FX team notes India’s July CPI rose slightly to 4.5% year-on-year but stayed within the Reserve Bank of India’s target band, with core inflation steady at 3.9%.
Thu, Aug 13
British Pound drifts away from 1.3500 as weak UK Industrial Production offsets bright GDP data
The British Pound (GBP) treads water against the US Dollar (USD), trading practically flat, a few pips below the 1.3500 level on Thursday's early London session.
Thu, Aug 13
Oil: Supply disruptions raise deficit risks – ING
ING analysts Warren Patterson and Ewa Manthey note Oil prices have eased, with Brent crude ending largely flat as US-Iran talks remain in deadlock and Russian port infrastructure escapes major damage.
Thu, Aug 13
Euro: Range phase after failed upside break against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that EUR/USD briefly spiked to 1.1562 on the US CPI release before reversing to 1.1524.
Thu, Aug 13
British Pound attracts bids against Japanese Yen after strong UK Q2 GDP data
The British Pound (GBP) attracts slight bids against the Japanese Yen (JPY) during the European trading session on Wednesday, following the release of the preliminary United Kingdom (UK) Q2 Gross Domestic Product (GDP) data.
Thu, Aug 13
Top Altcoins Price Forecast: XRP holds at make-or-break level, ADA and SOL risk 50-day EMA breakout
Top altcoins, including Ripple (XRP), Cardano (ADA), and Solana (SOL), are facing downside pressure, holding at crucial support levels. The technical outlook for XRP, ADA, and SOL indicates a mild bearish bias as downside pressure mounts.
Thu, Aug 13
AUD/USD Price Forecast: Struggles to extend rally above 0.7100
The Australian Dollar (AUD) trades 0.17% lower at around 0.7050 against the US Dollar (USD) during the early European trading session on Thursday.
Thu, Aug 13
EUR/USD Price Forecast: Flatlines below 1.1550, while staying bearish under 100-day SMA
The EUR/USD pair holds steady near 1.1520 during the early European trading hours on Thursday. US inflation cooled on a year-over-year basis for a second straight month, easing pressure on the US Federal Reserve (Fed) to raise interest rates as soon as next month.
Thu, Aug 13
Indian Rupee opens marginally lower as US Dollar trades firmly
The Indian Rupee (INR) opens on a cautious note against the US Dollar (USD) on Thursday due to overnight gains in the latter. The USD/INR pair edges up to near 95.35 after a corrective move the previous day, as fears of a prolonged global energy supply disruption have strengthened the US Dollar.
Thu, Aug 13
EUR/JPY Price Forecast: Falls to near 183.50 near nine-day EMA
EUR/JPY extends its losses for the third successive day, trading around 183.60 during the Asian hours on Thursday. The 14-day Relative Strength Index (RSI) at 47.11 reinforces a neutral-to-soft momentum backdrop rather than a decisive directional push.
Thu, Aug 13
Monero Price Forecast: Extends rally as derivatives metrics, technical signals turn firmly bullish
Monero (XMR) extends its gains, trading above $397 on Thursday after finding support around the key support zone the previous day. Strengthening derivatives metrics and a constructive technical outlook suggest momentum is building, hinting at a further rally for XMR.
Thu, Aug 13
Swiss Franc slides to two-week low as oil-driven Fed hike bets boost USD
The USD/CHF pair prolongs the weekly uptrend for the fourth consecutive day and climbs to a two-week high, around 0.8045, during the Asian session on Thursday amid a firmer US Dollar (USD). Moreover, the fundamental backdrop favors bulls and backs the case for further appreciation for spot prices.
Thu, Aug 13
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Thursday, according to data compiled by FXStreet.
Thu, Aug 13
AUD/JPY Price Forecast: Softens below 112.50 as near-term bearish bias persists below 100-day SMA
The AUD/JPY cross trades in negative territory near 112.35 during the early European session on Thursday. The Japanese Yen (JPY) edges higher against the Australian Dollar (AUD) as traders are on high alert for further intervention from authorities.
Thu, Aug 13
Ripple and Stellar outlook: Stay under pressure as cautious sentiment builds
Ripple (XRP) and Stellar (XLM) remain under pressure, with both altcoins correcting slightly so far this week. XRP nears the key $1.00 support zone on Thursday, while XLM trades below critical technical levels.
Thu, Aug 13
GBP/USD Price Forecast: Trades below 1.3500 on firmer USD, ahead of UK GDP
The GBP/USD pair trades with a negative bias for the second consecutive day and trades below the 1.3500 psychological mark during the Asian session on Thursday amid modest US Dollar (USD) strength.
Thu, Aug 13
Crypto Market Overview: Bitcoin loses softer CPI gains – Virtuals Protocol, OKB rise
Bitcoin (BTC) is trading around $63,000 at press time, after three consecutive days of losses.
Thu, Aug 13
Asian stocks rise on soft US CPI, AI earnings rally
Asian stocks mostly remain stronger, bolstered by softer US inflation data that reinforced expectations for a more accommodative Federal Reserve (Fed) policy. US headline CPI rose 3.4% year-over-year in July, down slightly from 3.5% in the previous month.
Thu, Aug 13
Gold retreats from June 5 high as oil-driven Fed rate-hike bets underpin USD
Gold (XAU/USD) retreats after touching a fresh high since June 5, around the $4,450 area, during the Asian session on Thursday and is currently placed near the lower end of its daily range.
Thu, Aug 13
Silver Price Forecast: XAG/USD wobbles around $65.40, easing hawkish Fed bets strengthen outlook
Silver price (XAG/USD) trades in a tight range at around $65.40 during the Asian trading session on Thursday. The Silver price struggles for a direction; however, an expected slowdown in United States (US) inflationary pressures in July has improved its outlook.
Thu, Aug 13
