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Rupee Rallies on Suspected RBI Support as Structural Headwinds Linger

January 7, 2026 12:51 pm
Key Moments The Indian Rupee strengthened on suspected RBI intervention, although broader bearish pressures persist. Markets continue to price around 62 basis points of Fed easing by year-end after soft NFP and CPI data. Renewed tariff threats toward India and key U.S. labor data are likely to drive USDINR volatility. Fundamental Overview US Dollar: Trading […] Read more

USD/SEK bounces off 1-week low ahead of US, Swedish data prints

January 7, 2026 11:17 am
The USD/SEK currency pair bounced from a one-week low of 9.1500 on Wednesday, as investors braced for the release of essential US job market data, which may provide fresh clues on the health of the economy and the Fed’s monetary policy path. US private payrolls probably rose by 45,000 in December, according to market consensus, […] Read more

Bitcoin Slides Below $93,000 as Risk Sentiment Weakens

January 7, 2026 10:43 am
Key Moments Bitcoin declined 1.1% to $92,543.7 by 00:58 ET (05:58 GMT), retreating after a brief rebound in the prior session. MSCI decided not to move forward with a proposal to remove digital asset treasury firms from its indexes, sending Strategy Inc (NASDAQ: MSTR) up 6% in aftermarket trading. Altcoins traded mixed, with Ether up […] Read more

Dollar Holds Narrow Range as Markets Await U.S. Jobs Data and Monitor Global Flashpoints

January 7, 2026 10:28 am
Key Moments The dollar index and related futures traded mostly flat in European hours as investors awaited U.S. labor market data due this week. Geopolitical tensions, including the U.S. incursion in Venezuela and the Japan-China dispute over export restrictions, remained in focus but did not trigger major FX moves. The Australian dollar (AUD/USD) rose to […] Read more

Euro Poised for Further Softness Against Dollar, Says UOB Group

January 7, 2026 9:31 am
Key Moments UOB Group analysts see EUR/USD inclined to drift lower, but not likely to test the key 1.1650 support in the near term. Short-term support levels are highlighted at 1.1680 and 1.1650, with resistance noted at 1.1715 and 1.1730. The downside bias over the next 1-3 weeks remains intact as long as EUR/USD stays […] Read more

Euro-Yen Retreat Deepens as Pair Tests Support Amid Soft Momentum

January 7, 2026 8:20 am
Key Moments EUR/JPY traded around 182.80 in European hours, extending its losing streak to a fourth straight session. The 14-day Relative Strength Index stood at 50.96, signaling muted momentum and a consolidative backdrop. Key resistance was located at the nine-day EMA of 183.44, while initial support was marked by the three-week low at 181.57. Price […] Read more

Sterling Edges Higher as GBP/USD Rebound Gains Technical and Policy Support

January 7, 2026 8:11 am
Key Moments GBP/USD has recovered from the 1.3100 area and is now challenging the 1.3500-1.3520 zone after forming a pattern of higher lows. The pair is holding above rising 15-day and 20-day moving averages, with RSI (14) near 61 and staying above 50 during recent dips. A daily close above 1.3600 would signal a bullish […] Read more

Asian Currencies Hold Narrow Ranges as Markets Await U.S. Jobs Data

January 7, 2026 7:58 am
Key Moments UBS began coverage of Pfizer with a Neutral rating and a $25 price target, citing continued revenue uncertainty. Meanwhile, analysts estimate that $15–20 billion of Pfizer’s annual revenue could be at risk from patent expirations over the next three years. Although UBS views Pfizer’s Metsera obesity deal positively, it says additional transactions will […] Read more

USD/NOK hovers above 1-week low on Fed outlook, improved sentiment

January 6, 2026 3:26 pm
The USD/NOK currency pair hovered above a one-week low of 9.9995 on Tuesday, as the greenback was weighed down by dovish remarks by a key Federal Reserve official, which bolstered investor rate cut optimism. Yesterday Minneapolis Fed President Neel Kashkari said that inflation was slowly cooling, but there was a risk the unemployment rate could […] Read more