USD/INR extends the rally amid India holiday

[ad_1] Share: Indian Rupee loses ground on the renewed US Dollar demand on Monday.  The Reserve Bank of India (RBI) anticipated a 6.5% expansion in the Indian economy from July to September. Indian GDP data (Q2) and US growth numbers (Q3) will be the highlight this week.  Indian Rupee (INR) edges lower on

Gold Cautious Above $2000 on Thin, Holiday Affected Trading

[ad_1] Gold (XAU/USD) Analysis Gold expected to underwhelm this Thanksgiving weekend amid thin trading XAU/USD reveals an aversion to trading above $2000 as ceasefire tests safe haven appeal USD and Treasury yields remain a factor as markets lower expectations of rate cuts next year The analysis in this article makes use of chart patterns and

Thanksgiving holiday to dull the market mood in the day ahead

[ad_1] And with Treasuries out especially, that’s not going to give too much for traders to work with in the sessions to come. US stocks ended the day higher yesterday but we could get more tepid trading on Friday as highlighted here yesterday. But keep in mind that the momentum right now is rather positive

Chinese yuan faces headwinds ahead of Golden Week holiday By Investing.com

[ad_1] © Reuters. The is bracing for the upcoming Golden Week holiday, an event that will lead to a temporary trading halt in mainland China while continuing globally, potentially leading to asset disparities. This eight-day period, which starts on Thursday, will see a lack of daily reference rates due to the closure of the onshore

Dollar slips in thin holiday trading on bets Fed is done with rate rises By Reuters

[ad_1] © Reuters. FILE PHOTO: U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo/ By Ankur Banerjee and Joice Alves SINGAPORE/LONDON (Reuters) – The dollar edged lower on Monday, with U.S. markets closed for a holiday, as investors weighed U.S. jobs data that showed some signs of cooling, boosting

US Holiday Today but Focus Could be on China, Russell 2000, USD/JPY and Brent Crude

[ad_1] Market Recap The US jobs data release last Friday continues to reflect signs of softening in the US labour market, which seems to be in line with what the Federal Reserve (Fed) wants to see. Job additions were somewhat lukewarm despite being slightly higher than consensus (187,000 versus 170,000 forecast), while unemployment rate jumped

Reminder: Monday is a holiday in the US and Canada

[ad_1] Monday is Labor Day in the United States and Canada so the stock, bond and futures markets will be closed while the FX market will be severely thinned. The economic calendar is bare and I wouldn’t expect too much drama. Remember: Safety first in the forex market [ad_2] لینک منبع : هوشمند نیوز

Reminder: Monday is a holiday in the UK

[ad_1] Monday is the UK bank holiday and the following Monday is Labor Day in the US and Canada. Here’s to long weekends! This article was written by Adam Button at www.forexlive.com. [ad_2] لینک منبع : هوشمند نیوز