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  31. <title>Japanese Yen adds to intraday losses against USD and lifts USD/JPY beyond 145.00</title>
  32. <link>https://forexdepo.com/japanese-yen-adds-to-intraday-losses-against-usd-and-lifts-usd-jpy-beyond-145-00/</link>
  34. <dc:creator><![CDATA[ForexDepo Team]]></dc:creator>
  35. <pubDate>Mon, 07 Jul 2025 06:48:18 +0000</pubDate>
  36. <category><![CDATA[Forex News]]></category>
  37. <category><![CDATA[adds]]></category>
  38. <category><![CDATA[intraday]]></category>
  39. <category><![CDATA[Japanese]]></category>
  40. <category><![CDATA[lifts]]></category>
  41. <category><![CDATA[losses]]></category>
  42. <category><![CDATA[USD]]></category>
  43. <category><![CDATA[USDJPY]]></category>
  44. <category><![CDATA[Yen]]></category>
  45. <guid isPermaLink="false">https://forexdepo.com/japanese-yen-adds-to-intraday-losses-against-usd-and-lifts-usd-jpy-beyond-145-00/</guid>
  46.  
  47. <description><![CDATA[The Japanese Yen drifts lower in reaction to weaker domestic wage growth data. Geopolitical risks and divergent BoJ-Fed expectations should limit JPY losses. The USD&#8230;]]></description>
  48. <content:encoded><![CDATA[<p></p>
  49. <div id="fxs_article_content">
  50. <ul class="">
  51. <li value="1" class=""><b><strong>The Japanese Yen drifts lower in reaction to weaker domestic wage growth data.</strong></b></li>
  52. <li value="2" class=""><b><strong>Geopolitical risks and divergent BoJ-Fed expectations should limit JPY losses.</strong></b></li>
  53. <li value="3" class=""><b><strong>The USD bearish sentiment might further contribute to capping the USD/JPY pair.</strong></b></li>
  54. </ul>
  55. <p><span>The Japanese Yen (JPY) continues with its relative underperformance against a broadly stronger US Dollar (USD), pushing the USD/JPY pair back above the 145.00 psychological mark during the Asian session. Investors remain worried about the potential economic fallout from steep US tariffs, especially after President Donald Trump threatened last week to impose more levies on Japan over its alleged unwillingness to buy American-grown rice. This, in turn, could squeeze corporate profits and potentially undermine future wage growth, which could complicate the Bank of Japan&#8217;s (BoJ) monetary policy normalization schedule and undermine the JPY.</span></p>
  56. <p><span>Meanwhile, data released earlier today showed that real wages in Japan fell for the fifth straight month in May, at the fastest pace in nearly two years. This turns out to be another factor exerting downward pressure on the JPY. Despite the negative factors, any further JPY depreciation seems elusive in the wake of the growing acceptance that the BoJ will hike interest rates again. In contrast, the Federal Reserve (Fed) is expected to resume its rate-cutting cycle in the near future, which might cap the upside for the USD and lend support to the lower-yielding JPY. Hence, any subsequent move up in the USD/JPY pair might still be seen as a selling opportunity. </span></p>
  57. <h2 class="fxs_headline_from_medium_to_large"><span>Japanese Yen bears retain intraday control; BoJ rate hike bets warrant caution</span></h2>
  58. <ul class="">
  59. <li value="1" class=""><span>The Israeli military carried out intense strikes on Houthi targets in three Yemeni ports and a power plant early this Monday in response to repeated attacks by the Iran-aligned group on Israel. This marks the first Israeli attack on Yemen in almost a month and should drive safe-haven flows towards the Japanese Yen.</span></li>
  60. <li value="2" class=""><span>Government data released earlier today showed that Nominal Wages in Japan rose 1% in May 2025 from a year earlier, marking the third straight month of deceleration and falling well short of market expectations. This was also the weakest growth since March 2024 amid an 18.7% plunge in special bonus payments.</span></li>
  61. <li value="3" class=""><span>Adding to this, inflation-adjusted real wages posted the steepest decline in 20 months and fell 2.9% YoY in May compared to a revised 2.0% drop in the previous month. Meanwhile, the consumer inflation rate that the labour ministry uses to calculate real wages climbed 4.0% YoY during the reported month.</span></li>
  62. <li value="4" class=""><span>The data fueled concerns that stagnant real incomes could dampen consumer spending and stall broader economic recovery amid heightened uncertainty over US President Donald Trump&#8217;s new tariffs. This might complicate the Bank of Japan’s path to normalising interest rates and capping gains for the JPY.</span></li>
  63. <li value="5" class=""><span>The US Dollar, on the other hand, struggles to register any meaningful recovery from a multi-year low touched last week amid relatively dovish Federal Reserve expectations. In fact, traders are pricing in over a 70% chance of a rate cut in September and at least two 25 basis points rate reductions this year.</span></li>
  64. <li value="6" class=""><span>Investors now look forward to the release of the FOMC meeting minutes on Wednesday for fresh cues about the Fed&#8217;s policy outlook and rate-cut path. This, in turn, will play a key role in influencing the near-term USD price dynamics and providing some meaningful impetus to the USD/JPY pair.</span></li>
  65. </ul>
  66. <h2 class="fxs_headline_from_medium_to_large"><span>USD/JPY could extend the intraday move up towards the 145.25-145.30 supply zone</span></h2>
  67. <p><img decoding="async" src="https://editorial.fxsstatic.com/miscelaneous/image-1751855525910.png" alt="image 1751855525910" loading="lazy" title="Japanese Yen adds to intraday losses against USD and lifts USD/JPY beyond 145.00 2"></p>
  68. <p><span>Momentum beyond the 144.65-144.70 confluence – comprising the 100-period Simple Moving Average (SMA) on the 4-hour </span><span>chart</span><span> and the 38.2% </span><span>Fibonacci</span><span> retracement level of the June-July downfall – would be seen as a key trigger for the USD/JPY bulls. The subsequent move up could allow spot prices to reclaim the 145.00 psychological mark and test the 145.25-145.30 supply zone. A sustained strength beyond the latter should pave the way towards the 61.8% Fibo. retracement level, around the 146.00 round figure.</span></p>
  69. <p><span>On the flip side, the Asian session low, around the 144.20 horizontal zone, could offer some support ahead of the 144.00 round figure, or the 23.6% Fibo. retracement level. A convincing break below might shift the bias back in favor of bearish traders and drag the </span><span>USD/JPY</span><span> pair to the 143.45 intermediate support en route to the 143.00 mark. The downward trajectory could extend further towards the 142.70-142.65 region, or a one-month low touched last Tuesday.</span></p>
  70. <div class="post-module">
  71. <div id="content-module-currencyprices-USD-341" data-type="currencyprices" data-module="currencyprices" data-config-topic="USD" data-config-asset="USD" data-config-criteria="Strongest" data-config-period="Today" data-config-currencies="USD,EUR,GBP,JPY,CAD,AUD,NZD,CHF" data-config-quotes="1.178325:1.176615,1.365535:1.361425,1.15902:1.157065,0.006938:0.006897,0.005874:0.005861,0.005067:0.005066,0.73551:0.733195,0.624045:0.62314,0.53856:0.538545,106.2575:106.334,0.65599:0.650325,0.557045:0.5527,0.48067:0.47768,94.7535:94.312,0.89198:0.88691,0.60615:0.600855,0.51438:0.51067,0.443855:0.441355,87.5615:87.1415,0.82419:0.819515,0.92435:0.92396,1.260404:1.25778,1.069498:1.068981,0.92168:0.92385,181.771:182.4015,1.71131:1.715425,1.917553:1.93403,2.07647:2.093215" data-version="v1" data-content-module-translate="0" class="fxs-major-currency-prices-wrapper">
  72. <h2 class="fxs-major-currency-prices-title">US Dollar PRICE Today</h2>
  73. <p class="fxs-major-currency-prices-content">The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the New Zealand Dollar.</p>
  74. <table class="fxs-major-currency-prices-currency-prices-table" border="1">
  75. <thead>
  76. <tr>
  77. <th/>
  78. <th>USD</th>
  79. <th>EUR</th>
  80. <th>GBP</th>
  81. <th>JPY</th>
  82. <th>CAD</th>
  83. <th>AUD</th>
  84. <th>NZD</th>
  85. <th>CHF</th>
  86. </tr>
  87. </thead>
  88. <tbody>
  89. <tr class="fxs-major-currency-prices-currency-price">
  90. <th>USD</th>
  91. <td/>
  92. <td class="light-green">0.15%</td>
  93. <td class="light-green">0.30%</td>
  94. <td class="light-green">0.59%</td>
  95. <td class="light-green">0.32%</td>
  96. <td class="dark-green">0.87%</td>
  97. <td class="dark-green">0.88%</td>
  98. <td class="light-green">0.21%</td>
  99. </tr>
  100. <tr class="fxs-major-currency-prices-currency-price">
  101. <th>EUR</th>
  102. <td class="light-red">-0.15%</td>
  103. <td/>
  104. <td class="light-green">0.17%</td>
  105. <td class="light-green">0.22%</td>
  106. <td class="light-green">0.15%</td>
  107. <td class="light-green">0.79%</td>
  108. <td class="light-green">0.73%</td>
  109. <td class="light-green">0.05%</td>
  110. </tr>
  111. <tr class="fxs-major-currency-prices-currency-price">
  112. <th>GBP</th>
  113. <td class="light-red">-0.30%</td>
  114. <td class="light-red">-0.17%</td>
  115. <td/>
  116. <td class="light-green">0.02%</td>
  117. <td class="gray">0.00%</td>
  118. <td class="light-green">0.63%</td>
  119. <td class="light-green">0.57%</td>
  120. <td class="light-red">-0.23%</td>
  121. </tr>
  122. <tr class="fxs-major-currency-prices-currency-price">
  123. <th>JPY</th>
  124. <td class="light-red">-0.59%</td>
  125. <td class="light-red">-0.22%</td>
  126. <td class="light-red">-0.02%</td>
  127. <td/>
  128. <td class="light-red">-0.07%</td>
  129. <td class="light-green">0.47%</td>
  130. <td class="light-green">0.48%</td>
  131. <td class="light-red">-0.35%</td>
  132. </tr>
  133. <tr class="fxs-major-currency-prices-currency-price">
  134. <th>CAD</th>
  135. <td class="light-red">-0.32%</td>
  136. <td class="light-red">-0.15%</td>
  137. <td class="light-red">-0.00%</td>
  138. <td class="light-green">0.07%</td>
  139. <td/>
  140. <td class="light-green">0.57%</td>
  141. <td class="light-green">0.57%</td>
  142. <td class="light-red">-0.24%</td>
  143. </tr>
  144. <tr class="fxs-major-currency-prices-currency-price">
  145. <th>AUD</th>
  146. <td class="strong-red">-0.87%</td>
  147. <td class="light-red">-0.79%</td>
  148. <td class="light-red">-0.63%</td>
  149. <td class="light-red">-0.47%</td>
  150. <td class="light-red">-0.57%</td>
  151. <td/>
  152. <td class="light-green">0.04%</td>
  153. <td class="strong-red">-0.85%</td>
  154. </tr>
  155. <tr class="fxs-major-currency-prices-currency-price">
  156. <th>NZD</th>
  157. <td class="strong-red">-0.88%</td>
  158. <td class="light-red">-0.73%</td>
  159. <td class="light-red">-0.57%</td>
  160. <td class="light-red">-0.48%</td>
  161. <td class="light-red">-0.57%</td>
  162. <td class="light-red">-0.04%</td>
  163. <td/>
  164. <td class="light-red">-0.80%</td>
  165. </tr>
  166. <tr class="fxs-major-currency-prices-currency-price">
  167. <th>CHF</th>
  168. <td class="light-red">-0.21%</td>
  169. <td class="light-red">-0.05%</td>
  170. <td class="light-green">0.23%</td>
  171. <td class="light-green">0.35%</td>
  172. <td class="light-green">0.24%</td>
  173. <td class="dark-green">0.85%</td>
  174. <td class="light-green">0.80%</td>
  175. <td/>
  176.            </tr>
  177. </tbody>
  178. </table>
  179. <p class="fxs-major-currency-prices-currency-prices-legend">The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).</p>
  180. </div>
  181. </div></div>
  182. <p><b><a href="https://portal.forexdepo.com/signup">REGISTER NOW with Forexdepo</a></b></p>
  183. ]]></content:encoded>
  187. <media:content url="https://editorial.fxstreet.com/images/i/bearish-realist_Large.png" medium="image"></media:content>
  188. </item>
  189. <item>
  190. <title>Retains bullish bias near 170.50, overbought RSI warrants caution for bulls</title>
  191. <link>https://forexdepo.com/retains-bullish-bias-near-170-50-overbought-rsi-warrants-caution-for-bulls/</link>
  193. <dc:creator><![CDATA[ForexDepo Team]]></dc:creator>
  194. <pubDate>Mon, 07 Jul 2025 06:34:24 +0000</pubDate>
  195. <category><![CDATA[Forex News]]></category>
  196. <category><![CDATA[bias]]></category>
  197. <category><![CDATA[Bullish]]></category>
  198. <category><![CDATA[Bulls]]></category>
  199. <category><![CDATA[caution]]></category>
  200. <category><![CDATA[Overbought]]></category>
  201. <category><![CDATA[retains]]></category>
  202. <category><![CDATA[RSI]]></category>
  203. <category><![CDATA[warrants]]></category>
  204. <guid isPermaLink="false">https://forexdepo.com/retains-bullish-bias-near-170-50-overbought-rsi-warrants-caution-for-bulls/</guid>
  205.  
  206. <description><![CDATA[EUR/JPY strengthens to around 170.45 in Monday’s early Asian session, adding 0.17% on the day.  The positive bias of the cross prevails above the 100-day&#8230;]]></description>
  207. <content:encoded><![CDATA[<p></p>
  208. <div id="fxs_article_content">
  209. <ul class="">
  210. <li value="1" class=""><b><strong>EUR/JPY strengthens to around 170.45 in Monday’s early Asian session, adding 0.17% on the day. </strong></b></li>
  211. <li value="2" class=""><b><strong>The positive bias of the cross prevails above the 100-day EMA, but the overbought RSI condition might cap its upside. </strong></b></li>
  212. <li value="3" class=""><b><strong>The immediate resistance level emerges in the 171.00-171.05 zone; the first downside target to watch is the 170.00 round mark. </strong></b></li>
  213. </ul>
  214. <p><span>The EUR/JPY cross gains traction to near 170.45 during the Asian trading hours on Monday. The Japanese Yen (JPY) softens against the Euro (EUR) as data released on Monday revealed that real wages in Japan fell for five consecutive months in May, the fastest pace in nearly two years. This figure drags the JPY lower and creates a tailwind for the cross.</span></p>
  215. <p><span>Technically, EUR/JPY keeps the bullish vibe on the daily chart, with the price holding above the key 100-day Exponential Moving Average (EMA). However, the 14-day Relative Strength Index (RSI) stands above the midline near 70.60, indicating the overbought RSI condition. This suggests that further consolidation cannot be ruled out before positioning for any near-term EUR/JPY appreciation.</span></p>
  216. <p><span>The first upside target to watch for the cross is seen in the 171.00-171.05, the psychological level and the high of July 3. Extended gains could see a rally to 171.40, the upper boundary of the Bollinger Band. Further north, the next hurdle is located at 172.83, the high of July 17, 2024. </span></p>
  217. <p><span>On the other hand, the initial support level for EUR/JPY emerges at 170.00, a round figure. A breach of this level could expose 169.04, the low of July 2. The additional downside filter to watch is 168.10, the low of June 25. </span></p>
  218. <h2 class="fxs_headline_from_medium_to_large"><span>EUR/JPY Daily Chart</span></h2>
  219. <p><img decoding="async" src="https://editorial.fxsstatic.com/miscelaneous/_EUR_JPY_2025-07-07_11-20-01-1751862013035.png" alt="EUR JPY 2025 07 07 11 20 01 1751862013035" loading="lazy" title="Retains bullish bias near 170.50, overbought RSI warrants caution for bulls 4"></p>
  220. <div class="post-module">
  221. <div id="content-module-faq-Forex-jpy-833" data-type="faq" data-module="faq" data-config-topic="jpy" data-config-category="Forex" data-version="v1" data-content-module-translate="0">
  222. <div class="fxs-faq-module-wrapper">
  223. <h2 class="fxs-faq-module-title">Japanese Yen FAQs</h2>
  224. <div class="fxs-faq-module-container">
  225.                <input type="checkbox" id="content-module-faq-Forex-jpy-833accordion0" checked="checked"/></p>
  226. <section class="fxs-faq-module-section">
  227. <p class="fxs-faq-module-content">The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors.</p>
  228. </section>
  229. <p>                <input type="checkbox" id="content-module-faq-Forex-jpy-833accordion1"/></p>
  230. <section class="fxs-faq-module-section">
  231. <p class="fxs-faq-module-content">One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support to the Yen.
  232. </p>
  233. </section>
  234. <p>                <input type="checkbox" id="content-module-faq-Forex-jpy-833accordion2"/></p>
  235. <section class="fxs-faq-module-section">
  236. <p class="fxs-faq-module-content">Over the last decade, the BoJ’s stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supported a widening of the differential between the 10-year US and Japanese bonds, which favored the US Dollar against the Japanese Yen. The BoJ decision in 2024 to gradually abandon the ultra-loose policy, coupled with interest-rate cuts in other major central banks, is narrowing this differential.</p>
  237. </section>
  238. <p>                <input type="checkbox" id="content-module-faq-Forex-jpy-833accordion3"/></p>
  239. <section class="fxs-faq-module-section">
  240. <p class="fxs-faq-module-content">The Japanese Yen is often seen as a safe-haven investment. This means that in times of market stress, investors are more likely to put their money in the Japanese currency due to its supposed reliability and stability. Turbulent times are likely to strengthen the Yen’s value against other currencies seen as more risky to invest in.</p>
  241. </section></div>
  242. </p></div>
  243. </div>
  244. </div></div>
  245. <p><b><a href="https://portal.forexdepo.com/signup">REGISTER NOW with Forexdepo</a></b></p>
  246. ]]></content:encoded>
  250. <media:content url="https://editorial.fxsstatic.com/images/i/EUR-bullish-chart_Large.png" medium="image"></media:content>
  251. </item>
  252. <item>
  253. <title>Gold price in Malaysia: Rates on July 7</title>
  254. <link>https://forexdepo.com/gold-price-in-malaysia-rates-on-july-7/</link>
  256. <dc:creator><![CDATA[ForexDepo Team]]></dc:creator>
  257. <pubDate>Mon, 07 Jul 2025 06:22:11 +0000</pubDate>
  258. <category><![CDATA[Forex News]]></category>
  259. <category><![CDATA[Gold]]></category>
  260. <category><![CDATA[July]]></category>
  261. <category><![CDATA[Malaysia]]></category>
  262. <category><![CDATA[Price]]></category>
  263. <category><![CDATA[Rates]]></category>
  264. <guid isPermaLink="false">https://forexdepo.com/gold-price-in-malaysia-rates-on-july-7/</guid>
  265.  
  266. <description><![CDATA[Gold prices fell in Malaysia on Monday, according to data compiled by FXStreet. The price for Gold stood at 450.42 Malaysian Ringgits (MYR) per gram,&#8230;]]></description>
  267. <content:encoded><![CDATA[<p></p>
  268. <div id="fxs_article_content">
  269. <p>
  270.    Gold prices fell in Malaysia on Monday, according to data compiled by FXStreet.
  271. </p>
  272. <p>
  273.    The price for Gold stood at 450.42 Malaysian Ringgits (MYR) per gram, down compared with the MYR 454.27 it cost on Friday. </p>
  274. <p>
  275.    The price for Gold decreased to MYR 5,253.44 per tola from MYR 5,298.46 per tola on friday.
  276. </p>
  277. <table border="1" cellpadding="1" cellspacing="1" overflow="scroll" style="width: 100%;">
  278. <thead>
  279. <tr>
  280. <th scope="col">Unit measure</th>
  281. <th scope="col">Gold Price in MYR</th>
  282. </tr>
  283. </thead>
  284. <tbody>
  285. <tr>
  286. <td>1 Gram</td>
  287. <td>450.42</td>
  288. </tr>
  289. <tr>
  290. <td>10 Grams</td>
  291. <td>4,504.00</td>
  292. </tr>
  293. <tr>
  294. <td>Tola</td>
  295. <td>5,253.44</td>
  296. </tr>
  297. <tr>
  298. <td>Troy Ounce</td>
  299. <td>14,009.64</td>
  300. </tr>
  301. </tbody>
  302. </table>
  303. <p>
  304.    <i><br />
  305.        FXStreet calculates Gold prices in Malaysia by adapting international prices (USD/MYR)<br />
  306.        to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of<br />
  307.        publication. Prices are just for reference and local rates could diverge slightly.<br />
  308.    </i>
  309. </p>
  310. <div class="post-module">
  311. <div id="content-module-faq-Commodities-gold-274" data-type="faq" data-module="faq" data-config-topic="gold" data-config-category="Commodities" data-version="v1" data-content-module-translate="0">
  312. <div class="fxs-faq-module-wrapper">
  313. <h2 class="fxs-faq-module-title">Gold FAQs</h2>
  314. <div class="fxs-faq-module-container">
  315.                <input type="checkbox" id="content-module-faq-Commodities-gold-274accordion0" checked="checked"/></p>
  316. <section class="fxs-faq-module-section">
  317. <p class="fxs-faq-module-content">Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.</p>
  318. </section>
  319. <p>                <input type="checkbox" id="content-module-faq-Commodities-gold-274accordion1"/></p>
  320. <section class="fxs-faq-module-section">
  321. <p class="fxs-faq-module-content">Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.</p>
  322. </section>
  323. <p>                <input type="checkbox" id="content-module-faq-Commodities-gold-274accordion2"/></p>
  324. <section class="fxs-faq-module-section">
  325. <p class="fxs-faq-module-content">Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.</p>
  326. </section>
  327. <p>                <input type="checkbox" id="content-module-faq-Commodities-gold-274accordion3"/></p>
  328. <section class="fxs-faq-module-section">
  329. <p class="fxs-faq-module-content">The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up. </p>
  330. </section></div>
  331. </p></div>
  332. </div>
  333. </div>
  334. <p>
  335.    <em><br />
  336.        (An automation tool was used in creating this post.)<br />
  337.    </em>
  338. </p>
  339. </p></div>
  340. <p><b><a href="https://portal.forexdepo.com/signup">REGISTER NOW with Forexdepo</a></b></p>
  341. ]]></content:encoded>
  345. <media:content url="https://editorial.fxsstatic.com/images/i/gold-march-05_Large.jpg" medium="image"></media:content>
  346. </item>
  347. <item>
  348. <title>USD/INR advances as Trump threatens 10% Anti-American BRICS policies tariff</title>
  349. <link>https://forexdepo.com/usd-inr-advances-as-trump-threatens-10-anti-american-brics-policies-tariff/</link>
  351. <dc:creator><![CDATA[ForexDepo Team]]></dc:creator>
  352. <pubDate>Mon, 07 Jul 2025 06:09:54 +0000</pubDate>
  353. <category><![CDATA[Forex News]]></category>
  354. <category><![CDATA[Advances]]></category>
  355. <category><![CDATA[AntiAmerican]]></category>
  356. <category><![CDATA[BRICS]]></category>
  357. <category><![CDATA[policies]]></category>
  358. <category><![CDATA[Tariff]]></category>
  359. <category><![CDATA[threatens]]></category>
  360. <category><![CDATA[Trump]]></category>
  361. <category><![CDATA[USDINR]]></category>
  362. <guid isPermaLink="false">https://forexdepo.com/usd-inr-advances-as-trump-threatens-10-anti-american-brics-policies-tariff/</guid>
  363.  
  364. <description><![CDATA[The Indian Rupee slides against US Dollar as Trump threatens to impose 10% on countries supporting BRICS’ anti-American policies. Trump prepares to send letters, outlining&#8230;]]></description>
  365. <content:encoded><![CDATA[<p></p>
  366. <div id="fxs_article_content">
  367. <ul class="">
  368. <li value="1" class=""><b><strong>The Indian Rupee slides against US Dollar as Trump threatens to impose 10% on countries supporting BRICS’ anti-American policies.</strong></b></li>
  369. <li value="2" class=""><b><strong>Trump prepares to send letters, outlining tariff rates, to nations that fail to secure trade deal during the tariff deadline.</strong></b></li>
  370. <li value="3" class=""><b><strong>Traders pare Fed dovish bets on upbeat US NFP data.</strong></b></li>
  371. </ul>
  372. <p><span>The Indian Rupee faces a sharp sell-off against the US Dollar (USD) at the start of the week. The USD/INR pair advances to near 85.85 as </span><span>United States</span><span> (US) President Donald Trump threatens in a post on Truth.Social that he will impose additional 10% tariffs on countries that align with BRICS’s anti-American policies, with the specification that there would be no expectations.</span></p>
  373. <p><span>&#8220;Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy. Thank you for your attention to this matter!&#8221; Trump wrote.</span></p>
  374. <p><span>This came after BRICS nations condemned unilateral tariffs and non-tariff barriers that are disturbing global trade and are inconsistent with World Trade Organization (WTO) rules in the Rio declaration. However, nations didn’t specify the US while expressing concerns over unilateral trade barriers.</span></p>
  375. <p><span>India, being a founding member of BRICS, is not immune to new Trump tariffs’ threats and could see some disruption in ongoing trade negotiations with the US.</span></p>
  376. <p><span>No confirmation about striking a deal between the US and India ahead of the reciprocal tariff deadline on Wednesday, even as Washington expressed confidence on July 3 that it could reach a deal with New Delhi within 48 hours, which was supposed to be July 5, has raised concerns over the finalization of the trade pact.</span></p>
  377. <p><span>A report from the NDTV showed on Thursday that India and the US can announce a trade agreement within &#8220;48 hours&#8221;.</span></p>
  378. <div class="post-module">
  379. <div id="content-module-currencyprices-INR-778" data-type="currencyprices" data-module="currencyprices" data-config-topic="INR" data-config-asset="INR" data-config-criteria="Weakest" data-config-period="Today" data-config-currencies="USD,EUR,GBP,JPY,CAD,AUD,INR,CHF" data-config-quotes="1.178325:1.177265,1.365535:1.36246,1.15902:1.157305,0.006938:0.006899,0.005874:0.005859,0.005067:0.005063,0.73551:0.733495,0.624045:0.623055,0.53856:0.538365,106.2575:106.328,0.65599:0.65104,0.557045:0.553015,0.48067:0.477835,94.7535:94.3705,0.89198:0.88754,0.011696:0.011665,0.00995:0.009908,0.008568:0.008562,1.692782:1.690934,0.015943:0.015903,0.017861:0.017918,1.260404:1.258454,1.069498:1.068964,0.92168:0.923625,181.771:182.4145,1.71131:1.715635,1.917553:1.932965,107.4784:107.8922" data-version="v1" data-content-module-translate="0" class="fxs-major-currency-prices-wrapper">
  380. <h2 class="fxs-major-currency-prices-title">Indian Rupee PRICE Today</h2>
  381. <p class="fxs-major-currency-prices-content">The table below shows the percentage change of Indian Rupee (INR) against listed major currencies today. Indian Rupee was the weakest against the Euro.</p>
  382. <table class="fxs-major-currency-prices-currency-prices-table" border="1">
  383. <thead>
  384. <tr>
  385. <th/>
  386. <th>USD</th>
  387. <th>EUR</th>
  388. <th>GBP</th>
  389. <th>JPY</th>
  390. <th>CAD</th>
  391. <th>AUD</th>
  392. <th>INR</th>
  393. <th>CHF</th>
  394. </tr>
  395. </thead>
  396. <tbody>
  397. <tr class="fxs-major-currency-prices-currency-price">
  398. <th>USD</th>
  399. <td/>
  400. <td class="light-green">0.09%</td>
  401. <td class="light-green">0.23%</td>
  402. <td class="light-green">0.57%</td>
  403. <td class="light-green">0.27%</td>
  404. <td class="light-green">0.76%</td>
  405. <td class="light-green">0.27%</td>
  406. <td class="light-green">0.15%</td>
  407. </tr>
  408. <tr class="fxs-major-currency-prices-currency-price">
  409. <th>EUR</th>
  410. <td class="light-red">-0.09%</td>
  411. <td/>
  412. <td class="light-green">0.15%</td>
  413. <td class="light-green">0.26%</td>
  414. <td class="light-green">0.16%</td>
  415. <td class="light-green">0.73%</td>
  416. <td class="light-green">0.42%</td>
  417. <td class="light-green">0.05%</td>
  418. </tr>
  419. <tr class="fxs-major-currency-prices-currency-price">
  420. <th>GBP</th>
  421. <td class="light-red">-0.23%</td>
  422. <td class="light-red">-0.15%</td>
  423. <td/>
  424. <td class="light-green">0.08%</td>
  425. <td class="light-green">0.04%</td>
  426. <td class="light-green">0.59%</td>
  427. <td class="light-green">0.07%</td>
  428. <td class="light-red">-0.21%</td>
  429. </tr>
  430. <tr class="fxs-major-currency-prices-currency-price">
  431. <th>JPY</th>
  432. <td class="light-red">-0.57%</td>
  433. <td class="light-red">-0.26%</td>
  434. <td class="light-red">-0.08%</td>
  435. <td/>
  436. <td class="light-red">-0.07%</td>
  437. <td class="light-green">0.41%</td>
  438. <td class="light-green">0.11%</td>
  439. <td class="light-red">-0.35%</td>
  440. </tr>
  441. <tr class="fxs-major-currency-prices-currency-price">
  442. <th>CAD</th>
  443. <td class="light-red">-0.27%</td>
  444. <td class="light-red">-0.16%</td>
  445. <td class="light-red">-0.04%</td>
  446. <td class="light-green">0.07%</td>
  447. <td/>
  448. <td class="light-green">0.50%</td>
  449. <td class="light-green">0.25%</td>
  450. <td class="light-red">-0.25%</td>
  451. </tr>
  452. <tr class="fxs-major-currency-prices-currency-price">
  453. <th>AUD</th>
  454. <td class="light-red">-0.76%</td>
  455. <td class="light-red">-0.73%</td>
  456. <td class="light-red">-0.59%</td>
  457. <td class="light-red">-0.41%</td>
  458. <td class="light-red">-0.50%</td>
  459. <td/>
  460. <td class="light-red">-0.32%</td>
  461. <td class="light-red">-0.80%</td>
  462. </tr>
  463. <tr class="fxs-major-currency-prices-currency-price">
  464. <th>INR</th>
  465. <td class="light-red">-0.27%</td>
  466. <td class="light-red">-0.42%</td>
  467. <td class="light-red">-0.07%</td>
  468. <td class="light-red">-0.11%</td>
  469. <td class="light-red">-0.25%</td>
  470. <td class="light-green">0.32%</td>
  471. <td/>
  472. <td class="light-red">-0.38%</td>
  473. </tr>
  474. <tr class="fxs-major-currency-prices-currency-price">
  475. <th>CHF</th>
  476. <td class="light-red">-0.15%</td>
  477. <td class="light-red">-0.05%</td>
  478. <td class="light-green">0.21%</td>
  479. <td class="light-green">0.35%</td>
  480. <td class="light-green">0.25%</td>
  481. <td class="light-green">0.80%</td>
  482. <td class="light-green">0.38%</td>
  483. <td/>
  484.            </tr>
  485. </tbody>
  486. </table>
  487. <p class="fxs-major-currency-prices-currency-prices-legend">The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Indian Rupee from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent INR (base)/USD (quote).</p>
  488. </div>
  489. </div>
  490. <h2 class="fxs_headline_from_medium_to_large"><span>Daily digest market movers: Indian Rupee declines against US Dollar</span></h2>
  491. <ul class="">
  492. <li value="1" class=""><span>The Indian Rupee weakens against the US Dollar on Monday. The US Dollar trades broadly stable as investors await news alerts about how much US President Trump will impose additional tariffs on those nations that fail to close a trade deal before the deadline.</span></li>
  493. <li value="2" class=""><span>During the press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades calmly near 97.00, slightly higher from a fresh multi-year low of 96.40 posted last week.</span></li>
  494. <li value="3" class=""><span>Over the weekend, Donald Trump stated that he will release letters outlining tariffs for 12 countries on Monday. Trump said the first batch of letters outlining the tariff levels they would face on exports to the United States would be sent to 12 countries on Monday, Reuters reported.</span></li>
  495. <li value="4" class=""><span>Investors should brace for significant volatility if the US sends letters to any of its leading trading partners. So far, Trump has announced bilateral deals with the United Kingdom (UK) and Vietnam and a limited trade pact with China. Given that Washington has not announced any deal with the Eurozone, Japan, Canada, and Mexico, tariff letters to them will be unfavorable for the US Dollar and US assets.</span></li>
  496. <li value="5" class=""><span>Meanwhile, the passage of Trump’s “Big Beautiful Bill” has prompted fiscal risks for the US Dollar as it is expected to add over $3 trillion to the already ballooning nation’s debt over a decade. However, US equities have performed strongly over Trump’s bill clearance, assuming that higher </span><span>liquidity</span><span> with households will boost consumption.</span></li>
  497. <li value="6" class=""><span>On the monetary policy front, upbeat US </span><span>nonfarm Payrolls</span><span> (NFP) data for June has forced traders to pare bets supporting the Federal Reserve (Fed) to cut interest rates in the policy meeting later this month. According to the CME FedWatch tool, the probability of the Fed cutting borrowing rates in July has diminished to 4.7% from 18.6% seen a week ago.</span></li>
  498. </ul>
  499. <h2 class="fxs_headline_from_medium_to_large"><span>Technical Analysis: USD/INR recovers but stays below 20-day EMA</span></h2>
  500. <p><span>The </span><span>USD/INR</span><span> pair recovers sharply to near 85.80 on Monday from an over-monthly low of 85.30 posted the previous week. However, the near-term trend of the pair remains bearish as it stays below the 20-day Exponential Moving Average (EMA), which trades around 85.90.</span></p>
  501. <p><span>The 14-day Relative Strength Index (RSI) stays below 50.00, indicating that the trend is on the downside.</span></p>
  502. <p><span>Looking down, the May 27 low of 85.10 will act as key support for the major. On the upside, Wednesday’s high of 86.13 will be a critical hurdle for the pair.</span></p>
  503. <div class="post-module">
  504. <div id="content-module-event-3cfdced8-d9b7-4a1d-b1d0-c38cf35e8ebc-544" data-type="event" data-module="event" data-config-event-id="9cdf56fd-99e4-4026-aa99-2b6c0ca92811" data-config-topic="3cfdced8-d9b7-4a1d-b1d0-c38cf35e8ebc" data-config-mode="Historical" data-version="v1" data-content-module-translate="0" class="fxs-event-module-wrapper">
  505. <h2 class="fxs-event-module-title">Economic Indicator</h2>
  506. <div class="fxs-event-module-inner-calendar">
  507. <div class="fxs-event-module-calendar-title-description-wrapper">
  508. <h3 class="fxs-event-module-calendar-title">Nonfarm Payrolls</h3>
  509. <p class="fxs-event-module-content">The Nonfarm Payrolls release presents the number of new jobs created in the US during the previous month in all non-agricultural businesses; it is released by the US Bureau of Labor Statistics (BLS). The monthly changes in payrolls can be extremely volatile. The number is also subject to strong reviews, which can also trigger volatility in the Forex board. Generally speaking, a high reading is seen as bullish for the US Dollar (USD), while a low reading is seen as bearish, although previous months&#8217; reviews ​and the Unemployment Rate are as relevant as the headline figure. The market&#8217;s reaction, therefore, depends on how the market assesses all the data contained in the BLS report as a whole.</p>
  510. <p>                <svg xmlns="http://www.w3.org/2000/svg" width="1.3rem" height="1.3rem" aria-hidden="true" focusable="false" data-prefix="far" data-icon="chart-bar" class="fxs_icon fa-chart-bar fa-w-16" role="img" viewbox="0 0 512 512">
  511.                    <path fill="currentColor" d="M396.8 352h22.4c6.4 0 12.8-6.4 12.8-12.8V108.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v230.4c0 6.4 6.4 12.8 12.8 12.8zm-192 0h22.4c6.4 0 12.8-6.4 12.8-12.8V140.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v198.4c0 6.4 6.4 12.8 12.8 12.8zm96 0h22.4c6.4 0 12.8-6.4 12.8-12.8V204.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v134.4c0 6.4 6.4 12.8 12.8 12.8zM496 400H48V80c0-8.84-7.16-16-16-16H16C7.16 64 0 71.16 0 80v336c0 17.67 14.33 32 32 32h464c8.84 0 16-7.16 16-16v-16c0-8.84-7.16-16-16-16zm-387.2-48h22.4c6.4 0 12.8-6.4 12.8-12.8v-70.4c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v70.4c0 6.4 6.4 12.8 12.8 12.8z">
  512.                    </path>
  513.                </svg><br />
  514.                <span>Read more.</span></p></div>
  515. </p></div>
  516. </div>
  517. </div></div>
  518. <p><b><a href="https://portal.forexdepo.com/signup">REGISTER NOW with Forexdepo</a></b></p>
  519. ]]></content:encoded>
  523. <media:content url="https://editorial.fxsstatic.com/images/i/Economic-Indicator_Trade-Balance-5_Large.png" medium="image"></media:content>
  524. </item>
  525. <item>
  526. <title>Gold price in India: Rates on July 7</title>
  527. <link>https://forexdepo.com/gold-price-in-india-rates-on-july-7/</link>
  529. <dc:creator><![CDATA[ForexDepo Team]]></dc:creator>
  530. <pubDate>Mon, 07 Jul 2025 05:57:48 +0000</pubDate>
  531. <category><![CDATA[Forex News]]></category>
  532. <category><![CDATA[Gold]]></category>
  533. <category><![CDATA[India]]></category>
  534. <category><![CDATA[July]]></category>
  535. <category><![CDATA[Price]]></category>
  536. <category><![CDATA[Rates]]></category>
  537. <guid isPermaLink="false">https://forexdepo.com/gold-price-in-india-rates-on-july-7/</guid>
  538.  
  539. <description><![CDATA[Gold prices fell in India on Monday, according to data compiled by FXStreet. The price for Gold stood at 9,117.16 Indian Rupees (INR) per gram,&#8230;]]></description>
  540. <content:encoded><![CDATA[<p></p>
  541. <div id="fxs_article_content">
  542. <p>Gold prices fell in India on Monday, according to data compiled by FXStreet.</p>
  543. <p>The price for Gold stood at 9,117.16 Indian Rupees (INR) per gram, down compared with the INR 9,189.32 it cost on Friday.</p>
  544. <p>The price for Gold decreased to INR 106,340.80 per tola from INR 107,182.50 per tola on friday.</p>
  545. <table border="1" cellpadding="1" cellspacing="1" overflow="scroll" style="width: 100%;">
  546. <thead>
  547. <tr>
  548. <th scope="col">Unit measure</th>
  549. <th scope="col">Gold Price in INR</th>
  550. </tr>
  551. </thead>
  552. <tbody>
  553. <tr>
  554. <td>1 Gram</td>
  555. <td>9,117.16</td>
  556. </tr>
  557. <tr>
  558. <td>10 Grams</td>
  559. <td>91,171.61</td>
  560. </tr>
  561. <tr>
  562. <td>Tola</td>
  563. <td>106,340.80</td>
  564. </tr>
  565. <tr>
  566. <td>Troy Ounce</td>
  567. <td>283,575.60</td>
  568. </tr>
  569. </tbody>
  570. </table>
  571. <p> </p>
  572. <p><i> FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly. </i></p>
  573. <p> </p>
  574. <div class="post-module">
  575. <div data-config-category="Commodities" data-config-topic="gold" data-content-module-translate="0" data-module="faq" data-type="faq" data-version="v1" id="content-module-faq-Commodities-gold-913">
  576. <div class="fxs-faq-module-wrapper">
  577. <h2 class="fxs-faq-module-title">Gold FAQs</h2>
  578. <div class="fxs-faq-module-container"><input checked="checked" id="content-module-faq-Commodities-gold-913accordion0" type="checkbox"/></p>
  579. <section class="fxs-faq-module-section">
  580. <p class="fxs-faq-module-content">Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.</p>
  581. </section>
  582. <p><input id="content-module-faq-Commodities-gold-913accordion1" type="checkbox"/></p>
  583. <section class="fxs-faq-module-section">
  584. <p class="fxs-faq-module-content">Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.</p>
  585. </section>
  586. <p><input id="content-module-faq-Commodities-gold-913accordion2" type="checkbox"/></p>
  587. <section class="fxs-faq-module-section">
  588. <p class="fxs-faq-module-content">Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.</p>
  589. </section>
  590. <p><input id="content-module-faq-Commodities-gold-913accordion3" type="checkbox"/></p>
  591. <section class="fxs-faq-module-section">
  592. <p class="fxs-faq-module-content">The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.</p>
  593. </section>
  594. </div>
  595. </div>
  596. </div>
  597. </div>
  598. <p><em> (An automation tool was used in creating this post.) </em></p>
  599. </p></div>
  600. <p><b><a href="https://portal.forexdepo.com/signup">REGISTER NOW with Forexdepo</a></b></p>
  601. ]]></content:encoded>
  605. <media:content url="https://editorial.fxsstatic.com/images/i/gold-01_Large.jpg" medium="image"></media:content>
  606. </item>
  607. <item>
  608. <title>Gold price in Pakistan: Rates on July 7</title>
  609. <link>https://forexdepo.com/gold-price-in-pakistan-rates-on-july-7/</link>
  611. <dc:creator><![CDATA[ForexDepo Team]]></dc:creator>
  612. <pubDate>Mon, 07 Jul 2025 05:45:48 +0000</pubDate>
  613. <category><![CDATA[Forex News]]></category>
  614. <category><![CDATA[Gold]]></category>
  615. <category><![CDATA[July]]></category>
  616. <category><![CDATA[Pakistan]]></category>
  617. <category><![CDATA[Price]]></category>
  618. <category><![CDATA[Rates]]></category>
  619. <guid isPermaLink="false">https://forexdepo.com/gold-price-in-pakistan-rates-on-july-7/</guid>
  620.  
  621. <description><![CDATA[Gold prices fell in Pakistan on Monday, according to data compiled by FXStreet. The price for Gold stood at 30,196.88 Pakistani Rupees (PKR) per gram,&#8230;]]></description>
  622. <content:encoded><![CDATA[<p></p>
  623. <div id="fxs_article_content">
  624. <p>Gold prices fell in Pakistan on Monday, according to data compiled by FXStreet.</p>
  625. <p>The price for Gold stood at 30,196.88 Pakistani Rupees (PKR) per gram, down compared with the PKR 30,458.90 it cost on Friday.</p>
  626. <p>The price for Gold decreased to PKR 352,210.60 per tola from PKR 355,266.70 per tola on friday.</p>
  627. <table border="1" cellpadding="1" cellspacing="1" overflow="scroll" style="width: 100%;">
  628. <thead>
  629. <tr>
  630. <th scope="col">Unit measure</th>
  631. <th scope="col">Gold Price in PKR</th>
  632. </tr>
  633. </thead>
  634. <tbody>
  635. <tr>
  636. <td>1 Gram</td>
  637. <td>30,196.88</td>
  638. </tr>
  639. <tr>
  640. <td>10 Grams</td>
  641. <td>301,968.80</td>
  642. </tr>
  643. <tr>
  644. <td>Tola</td>
  645. <td>352,210.60</td>
  646. </tr>
  647. <tr>
  648. <td>Troy Ounce</td>
  649. <td>939,231.70</td>
  650. </tr>
  651. </tbody>
  652. </table>
  653. <p> </p>
  654. <p><i> FXStreet calculates Gold prices in Pakistan by adapting international prices (USD/PKR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly. </i></p>
  655. <p> </p>
  656. <div class="post-module">
  657. <div data-config-category="Commodities" data-config-topic="gold" data-content-module-translate="0" data-module="faq" data-type="faq" data-version="v1" id="content-module-faq-Commodities-gold-585">
  658. <div class="fxs-faq-module-wrapper">
  659. <h2 class="fxs-faq-module-title">Gold FAQs</h2>
  660. <div class="fxs-faq-module-container"><input checked="checked" id="content-module-faq-Commodities-gold-585accordion0" type="checkbox"/></p>
  661. <section class="fxs-faq-module-section">
  662. <p class="fxs-faq-module-content">Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.</p>
  663. </section>
  664. <p><input id="content-module-faq-Commodities-gold-585accordion1" type="checkbox"/></p>
  665. <section class="fxs-faq-module-section">
  666. <p class="fxs-faq-module-content">Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.</p>
  667. </section>
  668. <p><input id="content-module-faq-Commodities-gold-585accordion2" type="checkbox"/></p>
  669. <section class="fxs-faq-module-section">
  670. <p class="fxs-faq-module-content">Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.</p>
  671. </section>
  672. <p><input id="content-module-faq-Commodities-gold-585accordion3" type="checkbox"/></p>
  673. <section class="fxs-faq-module-section">
  674. <p class="fxs-faq-module-content">The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.</p>
  675. </section>
  676. </div>
  677. </div>
  678. </div>
  679. </div>
  680. <p><em> (An automation tool was used in creating this post.) </em></p>
  681. </p></div>
  682. <p><b><a href="https://portal.forexdepo.com/signup">REGISTER NOW with Forexdepo</a></b></p>
  683. ]]></content:encoded>
  687. <media:content url="https://editorial.fxsstatic.com/images/i/Commodities_Gold-1_Large.jpg" medium="image"></media:content>
  688. </item>
  689. <item>
  690. <title>Gold price in United Arab Emirates: Rates on July 7</title>
  691. <link>https://forexdepo.com/gold-price-in-united-arab-emirates-rates-on-july-7/</link>
  693. <dc:creator><![CDATA[ForexDepo Team]]></dc:creator>
  694. <pubDate>Mon, 07 Jul 2025 05:34:09 +0000</pubDate>
  695. <category><![CDATA[Forex News]]></category>
  696. <category><![CDATA[Arab]]></category>
  697. <category><![CDATA[Emirates]]></category>
  698. <category><![CDATA[Gold]]></category>
  699. <category><![CDATA[July]]></category>
  700. <category><![CDATA[Price]]></category>
  701. <category><![CDATA[Rates]]></category>
  702. <category><![CDATA[United]]></category>
  703. <guid isPermaLink="false">https://forexdepo.com/gold-price-in-united-arab-emirates-rates-on-july-7/</guid>
  704.  
  705. <description><![CDATA[Gold prices fell in United Arab Emirates on Monday, according to data compiled by FXStreet. The price for Gold stood at 390.49 United Arab Emirates&#8230;]]></description>
  706. <content:encoded><![CDATA[<p></p>
  707. <div id="fxs_article_content">
  708. <p>Gold prices fell in United Arab Emirates on Monday, according to data compiled by FXStreet.</p>
  709. <p>The price for Gold stood at 390.49 United Arab Emirates Dirhams (AED) per gram, down compared with the AED 393.79 it cost on Friday.</p>
  710. <p>The price for Gold decreased to AED 4,554.60 per tola from AED 4,593.08 per tola on friday.</p>
  711. <table border="1" cellpadding="1" cellspacing="1" overflow="scroll" style="width: 100%;">
  712. <thead>
  713. <tr>
  714. <th scope="col">Unit measure</th>
  715. <th scope="col">Gold Price in AED</th>
  716. </tr>
  717. </thead>
  718. <tbody>
  719. <tr>
  720. <td>1 Gram</td>
  721. <td>390.49</td>
  722. </tr>
  723. <tr>
  724. <td>10 Grams</td>
  725. <td>3,904.99</td>
  726. </tr>
  727. <tr>
  728. <td>Tola</td>
  729. <td>4,554.60</td>
  730. </tr>
  731. <tr>
  732. <td>Troy Ounce</td>
  733. <td>12,145.84</td>
  734. </tr>
  735. </tbody>
  736. </table>
  737. <p> </p>
  738. <p><i> FXStreet calculates Gold prices in United Arab Emirates by adapting international prices (USD/AED) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly. </i></p>
  739. <p> </p>
  740. <div class="post-module">
  741. <div data-config-category="Commodities" data-config-topic="gold" data-content-module-translate="0" data-module="faq" data-type="faq" data-version="v1" id="content-module-faq-Commodities-gold-440">
  742. <div class="fxs-faq-module-wrapper">
  743. <h2 class="fxs-faq-module-title">Gold FAQs</h2>
  744. <div class="fxs-faq-module-container"><input checked="checked" id="content-module-faq-Commodities-gold-440accordion0" type="checkbox"/></p>
  745. <section class="fxs-faq-module-section">
  746. <p class="fxs-faq-module-content">Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.</p>
  747. </section>
  748. <p><input id="content-module-faq-Commodities-gold-440accordion1" type="checkbox"/></p>
  749. <section class="fxs-faq-module-section">
  750. <p class="fxs-faq-module-content">Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.</p>
  751. </section>
  752. <p><input id="content-module-faq-Commodities-gold-440accordion2" type="checkbox"/></p>
  753. <section class="fxs-faq-module-section">
  754. <p class="fxs-faq-module-content">Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.</p>
  755. </section>
  756. <p><input id="content-module-faq-Commodities-gold-440accordion3" type="checkbox"/></p>
  757. <section class="fxs-faq-module-section">
  758. <p class="fxs-faq-module-content">The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.</p>
  759. </section>
  760. </div>
  761. </div>
  762. </div>
  763. </div>
  764. <p><em> (An automation tool was used in creating this post.) </em></p>
  765. </p></div>
  766. <p><b><a href="https://portal.forexdepo.com/signup">REGISTER NOW with Forexdepo</a></b></p>
  767. ]]></content:encoded>
  771. <media:content url="https://editorial.fxsstatic.com/images/i/Commodities_Gold-1_Large.jpg" medium="image"></media:content>
  772. </item>
  773. <item>
  774. <title>Falls toward 1.3600 after breaking below nine-day EMA</title>
  775. <link>https://forexdepo.com/falls-toward-1-3600-after-breaking-below-nine-day-ema/</link>
  777. <dc:creator><![CDATA[ForexDepo Team]]></dc:creator>
  778. <pubDate>Mon, 07 Jul 2025 05:22:21 +0000</pubDate>
  779. <category><![CDATA[Forex News]]></category>
  780. <category><![CDATA[breaking]]></category>
  781. <category><![CDATA[EMA]]></category>
  782. <category><![CDATA[Falls]]></category>
  783. <category><![CDATA[nineday]]></category>
  784. <guid isPermaLink="false">https://forexdepo.com/falls-toward-1-3600-after-breaking-below-nine-day-ema/</guid>
  785.  
  786. <description><![CDATA[GBP/USD may find initial resistance at nine-day EMA of 1.3645 The 14-day Relative Strength Index holds slightly above the 50 mark, reinforcing a mild bullish&#8230;]]></description>
  787. <content:encoded><![CDATA[<p></p>
  788. <div id="fxs_article_content">
  789. <ul class="">
  790. <li value="1" class=""><b><strong>GBP/USD may find initial resistance at nine-day EMA of 1.3645</strong></b></li>
  791. <li value="2" class=""><b><strong>The 14-day Relative Strength Index holds slightly above the 50 mark, reinforcing a mild bullish bias.</strong></b></li>
  792. <li value="3" class=""><b><strong>The primary support appears around monthly low at 1.3562.</strong></b></li>
  793. </ul>
  794. <p><span>The GBP/USD pair extends its losses for the second successive session, trading around 1.3620 during the Asian hours on Monday. The bullish bias persists as the daily chart’s technical analysis indicates that the pair remains within the ascending channel pattern.</span></p>
  795. <p><span>The 14-day Relative Strength Index (RSI) remains slightly above the 50 level, strengthening the bullish bias. However, the GBP/USD pair has moved below the nine-day Exponential Moving Average (EMA), suggesting the short-term price momentum is weaker.</span></p>
  796. <p><span>On the upside, the GBP/USD pair may test the immediate barrier at nine-day EMA of 1.3645, followed by the 1.3788, the highest since October 2021, which was recorded on July 1. A successful breach above this level could reinforce the bullish bias and support the pair to approach the upper boundary of the ascending channel around 1.3820.</span></p>
  797. <p><span>The GBP/USD pair could target the primary support around monthly low at 1.3562. A break below this level could put downward pressure on the pair to test the 50-day EMA of 1.3468, followed by the ascending channel’s lower boundary around 1.3540.</span></p>
  798. <h3 class="fxs_headline_medium"><span>GBP/USD: Daily Chart</span></h3>
  799. <p><img decoding="async" src="https://editorial.fxsstatic.com/miscelaneous/image-1751864329926.png" alt="image 1751864329926" loading="lazy" title="Falls toward 1.3600 after breaking below nine-day EMA 6"></p>
  800. <div class="post-module">
  801. <div id="content-module-currencyprices-GBP-80" data-type="currencyprices" data-module="currencyprices" data-config-topic="GBP" data-config-asset="GBP" data-config-criteria="Weakest" data-config-period="Today" data-config-currencies="USD,EUR,GBP,JPY,CAD,AUD,NZD,CHF" data-config-quotes="1.178325:1.176625,1.365535:1.36173,1.15902:1.15732,0.006938:0.006897,0.005874:0.005862,0.005067:0.005066,0.73551:0.733435,0.624045:0.62334,0.53856:0.538605,106.2575:106.3365,0.65599:0.650435,0.557045:0.55279,0.48067:0.477655,94.7535:94.3035,0.89198:0.886795,0.60615:0.601015,0.51438:0.5108,0.443855:0.441365,87.5615:87.1375,0.82419:0.819455,0.92435:0.92403,1.260404:1.258022,1.069498:1.069187,0.92168:0.92383,181.771:182.3915,1.71131:1.71523,1.917553:1.934124,2.07647:2.093125" data-version="v1" data-content-module-translate="0" class="fxs-major-currency-prices-wrapper">
  802. <h2 class="fxs-major-currency-prices-title">British Pound PRICE Today</h2>
  803. <p class="fxs-major-currency-prices-content">The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the weakest against the US Dollar.</p>
  804. <table class="fxs-major-currency-prices-currency-prices-table" border="1">
  805. <thead>
  806. <tr>
  807. <th/>
  808. <th>USD</th>
  809. <th>EUR</th>
  810. <th>GBP</th>
  811. <th>JPY</th>
  812. <th>CAD</th>
  813. <th>AUD</th>
  814. <th>NZD</th>
  815. <th>CHF</th>
  816. </tr>
  817. </thead>
  818. <tbody>
  819. <tr class="fxs-major-currency-prices-currency-price">
  820. <th>USD</th>
  821. <td/>
  822. <td class="light-green">0.14%</td>
  823. <td class="light-green">0.28%</td>
  824. <td class="light-green">0.59%</td>
  825. <td class="light-green">0.28%</td>
  826. <td class="dark-green">0.85%</td>
  827. <td class="dark-green">0.85%</td>
  828. <td class="light-green">0.19%</td>
  829. </tr>
  830. <tr class="fxs-major-currency-prices-currency-price">
  831. <th>EUR</th>
  832. <td class="light-red">-0.14%</td>
  833. <td/>
  834. <td class="light-green">0.15%</td>
  835. <td class="light-green">0.20%</td>
  836. <td class="light-green">0.11%</td>
  837. <td class="light-green">0.77%</td>
  838. <td class="light-green">0.70%</td>
  839. <td class="light-green">0.03%</td>
  840. </tr>
  841. <tr class="fxs-major-currency-prices-currency-price">
  842. <th>GBP</th>
  843. <td class="light-red">-0.28%</td>
  844. <td class="light-red">-0.15%</td>
  845. <td/>
  846. <td class="light-green">0.02%</td>
  847. <td class="light-red">-0.01%</td>
  848. <td class="light-green">0.63%</td>
  849. <td class="light-green">0.56%</td>
  850. <td class="light-red">-0.23%</td>
  851. </tr>
  852. <tr class="fxs-major-currency-prices-currency-price">
  853. <th>JPY</th>
  854. <td class="light-red">-0.59%</td>
  855. <td class="light-red">-0.20%</td>
  856. <td class="light-red">-0.02%</td>
  857. <td/>
  858. <td class="light-red">-0.07%</td>
  859. <td class="light-green">0.48%</td>
  860. <td class="light-green">0.49%</td>
  861. <td class="light-red">-0.34%</td>
  862. </tr>
  863. <tr class="fxs-major-currency-prices-currency-price">
  864. <th>CAD</th>
  865. <td class="light-red">-0.28%</td>
  866. <td class="light-red">-0.11%</td>
  867. <td class="gray">0.00%</td>
  868. <td class="light-green">0.07%</td>
  869. <td/>
  870. <td class="light-green">0.58%</td>
  871. <td class="light-green">0.58%</td>
  872. <td class="light-red">-0.23%</td>
  873. </tr>
  874. <tr class="fxs-major-currency-prices-currency-price">
  875. <th>AUD</th>
  876. <td class="strong-red">-0.85%</td>
  877. <td class="light-red">-0.77%</td>
  878. <td class="light-red">-0.63%</td>
  879. <td class="light-red">-0.48%</td>
  880. <td class="light-red">-0.58%</td>
  881. <td/>
  882. <td class="light-green">0.03%</td>
  883. <td class="strong-red">-0.86%</td>
  884. </tr>
  885. <tr class="fxs-major-currency-prices-currency-price">
  886. <th>NZD</th>
  887. <td class="strong-red">-0.85%</td>
  888. <td class="light-red">-0.70%</td>
  889. <td class="light-red">-0.56%</td>
  890. <td class="light-red">-0.49%</td>
  891. <td class="light-red">-0.58%</td>
  892. <td class="light-red">-0.03%</td>
  893. <td/>
  894. <td class="light-red">-0.80%</td>
  895. </tr>
  896. <tr class="fxs-major-currency-prices-currency-price">
  897. <th>CHF</th>
  898. <td class="light-red">-0.19%</td>
  899. <td class="light-red">-0.03%</td>
  900. <td class="light-green">0.23%</td>
  901. <td class="light-green">0.34%</td>
  902. <td class="light-green">0.23%</td>
  903. <td class="dark-green">0.86%</td>
  904. <td class="light-green">0.80%</td>
  905. <td/>
  906.            </tr>
  907. </tbody>
  908. </table>
  909. <p class="fxs-major-currency-prices-currency-prices-legend">The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).</p>
  910. </div>
  911. </div></div>
  912. <p><b><a href="https://portal.forexdepo.com/signup">REGISTER NOW with Forexdepo</a></b></p>
  913. ]]></content:encoded>
  917. <media:content url="https://editorial.fxsstatic.com/images/i/GBPUSD-bearish-line_Large.png" medium="image"></media:content>
  918. </item>
  919. <item>
  920. <title>Gold price in Philippines: Rates on July 7</title>
  921. <link>https://forexdepo.com/gold-price-in-philippines-rates-on-july-7/</link>
  923. <dc:creator><![CDATA[ForexDepo Team]]></dc:creator>
  924. <pubDate>Mon, 07 Jul 2025 05:09:06 +0000</pubDate>
  925. <category><![CDATA[Forex News]]></category>
  926. <category><![CDATA[Gold]]></category>
  927. <category><![CDATA[July]]></category>
  928. <category><![CDATA[Philippines]]></category>
  929. <category><![CDATA[Price]]></category>
  930. <category><![CDATA[Rates]]></category>
  931. <guid isPermaLink="false">https://forexdepo.com/gold-price-in-philippines-rates-on-july-7/</guid>
  932.  
  933. <description><![CDATA[Gold prices fell in Philippines on Monday, according to data compiled by FXStreet. The price for Gold stood at 6,023.19 Philippine Pesos (PHP) per gram,&#8230;]]></description>
  934. <content:encoded><![CDATA[<p></p>
  935. <div id="fxs_article_content">
  936. <p>
  937.    Gold prices fell in Philippines on Monday, according to data compiled by FXStreet.
  938. </p>
  939. <p>
  940.    The price for Gold stood at 6,023.19 Philippine Pesos (PHP) per gram, down compared with the PHP 6,072.35 it cost on Friday. </p>
  941. <p>
  942.    The price for Gold decreased to PHP 70,253.26 per tola from PHP 70,826.65 per tola on friday.
  943. </p>
  944. <table border="1" cellpadding="1" cellspacing="1" overflow="scroll" style="width: 100%;">
  945. <thead>
  946. <tr>
  947. <th scope="col">Unit measure</th>
  948. <th scope="col">Gold Price in PHP</th>
  949. </tr>
  950. </thead>
  951. <tbody>
  952. <tr>
  953. <td>1 Gram</td>
  954. <td>6,023.19</td>
  955. </tr>
  956. <tr>
  957. <td>10 Grams</td>
  958. <td>60,231.86</td>
  959. </tr>
  960. <tr>
  961. <td>Tola</td>
  962. <td>70,253.26</td>
  963. </tr>
  964. <tr>
  965. <td>Troy Ounce</td>
  966. <td>187,342.20</td>
  967. </tr>
  968. </tbody>
  969. </table>
  970. <p>
  971.    <i><br />
  972.        FXStreet calculates Gold prices in Philippines by adapting international prices (USD/PHP)<br />
  973.        to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of<br />
  974.        publication. Prices are just for reference and local rates could diverge slightly.<br />
  975.    </i>
  976. </p>
  977. <div class="post-module">
  978. <div id="content-module-faq-Commodities-gold-993" data-type="faq" data-module="faq" data-config-topic="gold" data-config-category="Commodities" data-version="v1" data-content-module-translate="0">
  979. <div class="fxs-faq-module-wrapper">
  980. <h2 class="fxs-faq-module-title">Gold FAQs</h2>
  981. <div class="fxs-faq-module-container">
  982.                <input type="checkbox" id="content-module-faq-Commodities-gold-993accordion0" checked="checked"/></p>
  983. <section class="fxs-faq-module-section">
  984. <p class="fxs-faq-module-content">Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.</p>
  985. </section>
  986. <p>                <input type="checkbox" id="content-module-faq-Commodities-gold-993accordion1"/></p>
  987. <section class="fxs-faq-module-section">
  988. <p class="fxs-faq-module-content">Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.</p>
  989. </section>
  990. <p>                <input type="checkbox" id="content-module-faq-Commodities-gold-993accordion2"/></p>
  991. <section class="fxs-faq-module-section">
  992. <p class="fxs-faq-module-content">Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.</p>
  993. </section>
  994. <p>                <input type="checkbox" id="content-module-faq-Commodities-gold-993accordion3"/></p>
  995. <section class="fxs-faq-module-section">
  996. <p class="fxs-faq-module-content">The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up. </p>
  997. </section></div>
  998. </p></div>
  999. </div>
  1000. </div>
  1001. <p>
  1002.    <em><br />
  1003.        (An automation tool was used in creating this post.)<br />
  1004.    </em>
  1005. </p>
  1006. </p></div>
  1007. <p><b><a href="https://portal.forexdepo.com/signup">REGISTER NOW with Forexdepo</a></b></p>
  1008. ]]></content:encoded>
  1012. <media:content url="https://editorial.fxsstatic.com/images/i/gold-march-04_Large.jpg" medium="image"></media:content>
  1013. </item>
  1014. <item>
  1015. <title>Australian Dollar declines as Trump prepares to send tariff letters to trading partners</title>
  1016. <link>https://forexdepo.com/australian-dollar-declines-as-trump-prepares-to-send-tariff-letters-to-trading-partners/</link>
  1018. <dc:creator><![CDATA[ForexDepo Team]]></dc:creator>
  1019. <pubDate>Mon, 07 Jul 2025 02:30:58 +0000</pubDate>
  1020. <category><![CDATA[Forex News]]></category>
  1021. <category><![CDATA[Australian]]></category>
  1022. <category><![CDATA[declines]]></category>
  1023. <category><![CDATA[Dollar]]></category>
  1024. <category><![CDATA[letters]]></category>
  1025. <category><![CDATA[partners]]></category>
  1026. <category><![CDATA[prepares]]></category>
  1027. <category><![CDATA[send]]></category>
  1028. <category><![CDATA[Tariff]]></category>
  1029. <category><![CDATA[trading]]></category>
  1030. <category><![CDATA[Trump]]></category>
  1031. <guid isPermaLink="false">https://forexdepo.com/australian-dollar-declines-as-trump-prepares-to-send-tariff-letters-to-trading-partners/</guid>
  1032.  
  1033. <description><![CDATA[The Australian Dollar declines amid renewed US tariff concerns. Australia’s ANZ Job Advertisements climbed 1.8% in June following a decline of 1.2% in May. US&#8230;]]></description>
  1034. <content:encoded><![CDATA[<p></p>
  1035. <div id="fxs_article_content">
  1036. <ul class="">
  1037. <li value="1" class=""><b><strong>The Australian Dollar declines amid renewed US tariff concerns.</strong></b></li>
  1038. <li value="2" class=""><b><strong>Australia’s ANZ Job Advertisements climbed 1.8% in June following a decline of 1.2% in May.</strong></b></li>
  1039. <li value="3" class=""><b><strong>US Treasury Secretary Scott Bessent noted that US tariffs could be rolled back to April 2 levels on August 1.</strong></b></li>
  1040. </ul>
  1041. <p><span>The Australian Dollar (AUD) loses ground against the US Dollar (USD) on Monday, continuing its losing streak for the third successive session. The AUD/USD pair depreciates due to renewed tariff concerns as US President Donald Trump may send out 12 or 15 letters on tariffs later in the day, with expecting that trade deals or letters with most nations will be done by July 9.</span></p>
  1042. <p><span>ANZ Job Advertisements increased by 1.8% in June after a decline of 1.2% in May. The data presents the number of job advertisements in the major metropolitan newspapers and on the internet sites in Australia.</span></p>
  1043. <p><span>The Financial Times reported that China is increasingly rerouting its exports through Southeast Asia in an effort to dodge US tariffs imposed by the Trump administration. Data indicates that direct shipments from China to the US dropped by 43% in May, even as China&#8217;s overall exports rose by 4.8%. This shift was marked by a 15% surge in exports to Southeast Asia and a 12% increase to the European Union (EU). However, the US trade agreement with Vietnam now includes a 40% tariff on trans-shipped goods to curb such practices. Any change in Chinese economy could impact the AUD as China and Australia are close trading partners.</span></p>
  1044. <p><span>Traders will focus on the Reserve Bank of Australia&#8217;s (RBA) monetary policy meeting on Tuesday. The latest Reuters poll indicated that 31 out of 37 economists expect the RBA to deliver a quarter basis point rate cut in July. The median forecast now sees the cash rate falling to 3.10% by the end of 2025, down from 3.35% in the May survey.</span></p>
  1045. <h2 class="fxs_headline_from_medium_to_large" style="text-align: justify;"><span>Australian Dollar falls due to renewed US tariff concerns</span></h2>
  1046. <ul class="">
  1047. <li value="1" class=""><span>The US Dollar Index (DXY), which measures the value of the US Dollar against six major currencies, is trading higher at around 97.00 at the time of writing.</span></li>
  1048. <li value="2" class=""><span>US Treasury Secretary Scott Bessent said on Sunday that US President Donald Trump will send letters to some trading partners, warning that tariffs could revert to April 2 levels on August 1 if no progress is made on a trade deal. He clarified that August 1 is not another new tariff deadline but suggested that it could still give trading partners more time to renegotiate tariff rates.</span></li>
  1049. <li value="3" class=""><span>Commerce Secretary Howard Lutnick confirmed the new tariffs are set to take effect on August 1. Lutnick added that Trump is currently finalizing the specific rates and agreements and may send out 12 or 15 letters on tariffs on Monday. He also indicated that trade deals or letters with most nations will be done by July 9.</span></li>
  1050. <li value="4" class=""><span>On Thursday, Trump told reporters that he “will begin sending letters on trade tariffs starting Friday.” He added that he would send letters to 10 countries at a time, laying out tariff rates of 20% to 30%, reported by Reuters.</span></li>
  1051. <li value="5" class=""><span>President Trump&#8217;s “one, big, beautiful” tax bill passed the House of Representatives and was sent to him for signing into law. The legislation includes significant tax cuts designed to stimulate economic growth. Trump hailed the bill&#8217;s passage on Truth Social, calling it a “historic victory for American workers, families, and businesses.”</span></li>
  1052. <li value="6" class=""><span>US Nonfarm Payrolls indicated that the US labor force grew by 147,000 jobs, surpassing the anticipated 110,000 in June. Additionally, the Unemployment Rate declined to 4.1% from 4.2%. Meanwhile, weekly Jobless Claims fell to 233,000, down from 237,000, reflecting a resilient US labor market.</span></li>
  1053. <li value="7" class=""><span>US ADP Employment Change fell for the first time in more than two years in June. The private-sector payrolls decreased by 33,000 in June after a downwardly revised 29,000 gain in May. This figure came in below the market consensus of 95,000.</span></li>
  1054. <li value="8" class=""><span>The Chinese Commerce Ministry said in a statement on Friday that “China and the US are stepping up efforts to implement the outcomes of the London framework.” The US has notified China of canceling restrictive measures against Chinese exports. China is reviewing applications for export licenses of controlled items under laws and regulations.</span></li>
  1055. <li value="9" class=""><span>China’s Caixin Services PMI declined to 50.6 in June from 51.1 in May, missing the market forecast of 51.0. China&#8217;s Caixin Manufacturing Purchasing Managers&#8217; Index improved to 50.4 in June from 48.3 in May, according to the latest data released on Tuesday. The reading surpassed the market forecast of 49.0.</span></li>
  1056. <li value="10" class=""><span>Australia’s trade surplus narrowed to 2,238M month-over-month in May, against 5,091M expected and 4,859M (revised from 5,431M) in April. Meanwhile, Exports fell by 2.7% MoM from -1.7% (revised from -2.4%) prior. Imports increased by 3.8% MoM, against the previous increase of 1.6% (revised from 1.1%).</span></li>
  1057. </ul>
  1058. <h2 class="fxs_headline_from_medium_to_large" style="text-align: justify;"><span>Australian Dollar breaks below nine-day EMA near 0.6550</span></h2>
  1059. <p><span>The AUD/USD pair is trading around 0.6530 on Monday. Daily chart’s technical analysis indicated a persistent bullish bias as the pair remains within the ascending channel pattern. The 14-day Relative Strength Index (RSI) is positioned slightly above the 50 mark, suggesting the bullish sentiment is prevailing. However, the pair has moved below the nine-day Exponential Moving Average (EMA), suggesting that short-term price momentum is weakening.</span></p>
  1060. <p><span>The AUD/USD pair may test the primary barrier at the nine-day EMA of 0.6546. A break above this level could improve the price momentum and support the pair to approach the eight-month high of 0.6590, recorded on July 1. Further advances would support the pair to explore the region around the upper boundary of the ascending channel around 0.6670.</span></p>
  1061. <p><span>On the downside, the AUD/USD pair may navigate the area around the ascending channel’s lower boundary around 0.6500, followed by the 50-day EMA at 0.6472.</span></p>
  1062. <h3 class="fxs_headline_medium"><span>AUD/USD: Daily Chart</span></h3>
  1063. <p><img decoding="async" src="https://editorial.fxsstatic.com/miscelaneous/image-1751853843271.png" alt="image 1751853843271" loading="lazy" title="Australian Dollar declines as Trump prepares to send tariff letters to trading partners 8"></p>
  1064. <div class="post-module">
  1065. <div id="content-module-currencyprices-AUD-192" data-type="currencyprices" data-module="currencyprices" data-config-topic="AUD" data-config-asset="AUD" data-config-criteria="Weakest" data-config-period="Today" data-config-currencies="USD,EUR,GBP,JPY,CAD,AUD,NZD,CHF" data-config-quotes="1.178325:1.17735,1.365535:1.3633,1.15902:1.15813,0.006938:0.006919,0.005874:0.005877,0.005067:0.005075,0.73551:0.734515,0.624045:0.62394,0.53856:0.538765,106.2575:106.156,0.65599:0.652885,0.557045:0.554625,0.48067:0.478895,94.7535:94.36,0.89198:0.88881,0.60615:0.603415,0.51438:0.512575,0.443855:0.442605,87.5615:87.2105,0.82419:0.821486,0.92435:0.924215,1.260404:1.259393,1.069498:1.069839,0.92168:0.92377,181.771:182.021,1.71131:1.714645,1.917553:1.92902,2.07647:2.087185" data-version="v1" data-content-module-translate="0" class="fxs-major-currency-prices-wrapper">
  1066. <h2 class="fxs-major-currency-prices-title">Australian Dollar PRICE Today</h2>
  1067. <p class="fxs-major-currency-prices-content">The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the weakest against the Swiss Franc.</p>
  1068. <table class="fxs-major-currency-prices-currency-prices-table" border="1">
  1069. <thead>
  1070. <tr>
  1071. <th/>
  1072. <th>USD</th>
  1073. <th>EUR</th>
  1074. <th>GBP</th>
  1075. <th>JPY</th>
  1076. <th>CAD</th>
  1077. <th>AUD</th>
  1078. <th>NZD</th>
  1079. <th>CHF</th>
  1080. </tr>
  1081. </thead>
  1082. <tbody>
  1083. <tr class="fxs-major-currency-prices-currency-price">
  1084. <th>USD</th>
  1085. <td/>
  1086. <td class="light-green">0.08%</td>
  1087. <td class="light-green">0.16%</td>
  1088. <td class="light-green">0.27%</td>
  1089. <td class="light-green">0.14%</td>
  1090. <td class="light-green">0.48%</td>
  1091. <td class="light-green">0.45%</td>
  1092. <td class="light-green">0.08%</td>
  1093. </tr>
  1094. <tr class="fxs-major-currency-prices-currency-price">
  1095. <th>EUR</th>
  1096. <td class="light-red">-0.08%</td>
  1097. <td/>
  1098. <td class="light-green">0.08%</td>
  1099. <td class="light-red">-0.05%</td>
  1100. <td class="light-green">0.02%</td>
  1101. <td class="light-green">0.44%</td>
  1102. <td class="light-green">0.35%</td>
  1103. <td class="light-red">-0.03%</td>
  1104. </tr>
  1105. <tr class="fxs-major-currency-prices-currency-price">
  1106. <th>GBP</th>
  1107. <td class="light-red">-0.16%</td>
  1108. <td class="light-red">-0.08%</td>
  1109. <td/>
  1110. <td class="light-red">-0.16%</td>
  1111. <td class="light-red">-0.04%</td>
  1112. <td class="light-green">0.37%</td>
  1113. <td class="light-green">0.28%</td>
  1114. <td class="light-red">-0.23%</td>
  1115. </tr>
  1116. <tr class="fxs-major-currency-prices-currency-price">
  1117. <th>JPY</th>
  1118. <td class="light-red">-0.27%</td>
  1119. <td class="light-green">0.05%</td>
  1120. <td class="light-green">0.16%</td>
  1121. <td/>
  1122. <td class="light-green">0.10%</td>
  1123. <td class="light-green">0.42%</td>
  1124. <td class="light-green">0.40%</td>
  1125. <td class="light-red">-0.14%</td>
  1126. </tr>
  1127. <tr class="fxs-major-currency-prices-currency-price">
  1128. <th>CAD</th>
  1129. <td class="light-red">-0.14%</td>
  1130. <td class="light-red">-0.02%</td>
  1131. <td class="light-green">0.04%</td>
  1132. <td class="light-red">-0.10%</td>
  1133. <td/>
  1134. <td class="light-green">0.36%</td>
  1135. <td class="light-green">0.33%</td>
  1136. <td class="light-red">-0.19%</td>
  1137. </tr>
  1138. <tr class="fxs-major-currency-prices-currency-price">
  1139. <th>AUD</th>
  1140. <td class="light-red">-0.48%</td>
  1141. <td class="light-red">-0.44%</td>
  1142. <td class="light-red">-0.37%</td>
  1143. <td class="light-red">-0.42%</td>
  1144. <td class="light-red">-0.36%</td>
  1145. <td/>
  1146. <td class="light-green">0.01%</td>
  1147. <td class="light-red">-0.59%</td>
  1148. </tr>
  1149. <tr class="fxs-major-currency-prices-currency-price">
  1150. <th>NZD</th>
  1151. <td class="light-red">-0.45%</td>
  1152. <td class="light-red">-0.35%</td>
  1153. <td class="light-red">-0.28%</td>
  1154. <td class="light-red">-0.40%</td>
  1155. <td class="light-red">-0.33%</td>
  1156. <td class="light-red">-0.01%</td>
  1157. <td/>
  1158. <td class="light-red">-0.51%</td>
  1159. </tr>
  1160. <tr class="fxs-major-currency-prices-currency-price">
  1161. <th>CHF</th>
  1162. <td class="light-red">-0.08%</td>
  1163. <td class="light-green">0.03%</td>
  1164. <td class="light-green">0.23%</td>
  1165. <td class="light-green">0.14%</td>
  1166. <td class="light-green">0.19%</td>
  1167. <td class="light-green">0.59%</td>
  1168. <td class="light-green">0.51%</td>
  1169. <td/>
  1170.            </tr>
  1171. </tbody>
  1172. </table>
  1173. <p class="fxs-major-currency-prices-currency-prices-legend">The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote).</p>
  1174. </div>
  1175. </div>
  1176. <div class="post-module">
  1177. <div id="content-module-faq-Forex-aud-370" data-type="faq" data-module="faq" data-config-topic="aud" data-config-category="Forex" data-version="v1" data-content-module-translate="0">
  1178. <div class="fxs-faq-module-wrapper">
  1179. <h2 class="fxs-faq-module-title">Australian Dollar FAQs</h2>
  1180. <div class="fxs-faq-module-container">
  1181.                <input type="checkbox" id="content-module-faq-Forex-aud-370accordion0" checked="checked"/></p>
  1182. <section class="fxs-faq-module-section">
  1183. <p class="fxs-faq-module-content">One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – is also a factor, with risk-on positive for AUD. </p>
  1184. </section>
  1185. <p>                <input type="checkbox" id="content-module-faq-Forex-aud-370accordion1"/></p>
  1186. <section class="fxs-faq-module-section">
  1187. <p class="fxs-faq-module-content">The Reserve Bank of Australia (RBA) influences the Australian Dollar (AUD) by setting the level of interest rates that Australian banks can lend to each other. This influences the level of interest rates in the economy as a whole. The main goal of the RBA is to maintain a stable inflation rate of 2-3% by adjusting interest rates up or down. Relatively high interest rates compared to other major central banks support the AUD, and the opposite for relatively low. The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive. </p>
  1188. </section>
  1189. <p>                <input type="checkbox" id="content-module-faq-Forex-aud-370accordion2"/></p>
  1190. <section class="fxs-faq-module-section">
  1191. <p class="fxs-faq-module-content">China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar (AUD). When the Chinese economy is doing well it purchases more raw materials, goods and services from Australia, lifting demand for the AUD, and pushing up its value. The opposite is the case when the Chinese economy is not growing as fast as expected. Positive or negative surprises in Chinese growth data, therefore, often have a direct impact on the Australian Dollar and its pairs. </p>
  1192. </section>
  1193. <p>                <input type="checkbox" id="content-module-faq-Forex-aud-370accordion3"/></p>
  1194. <section class="fxs-faq-module-section">
  1195. <p class="fxs-faq-module-content">Iron Ore is Australia’s largest export, accounting for $118 billion a year according to data from 2021, with China as its primary destination. The price of Iron Ore, therefore, can be a driver of the Australian Dollar. Generally, if the price of Iron Ore rises, AUD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Iron Ore falls. Higher Iron Ore prices also tend to result in a greater likelihood of a positive Trade Balance for Australia, which is also positive of the AUD. </p>
  1196. </section>
  1197. <p>                <input type="checkbox" id="content-module-faq-Forex-aud-370accordion4"/></p>
  1198. <section class="fxs-faq-module-section">
  1199. <p class="fxs-faq-module-content">The Trade Balance, which is the difference between what a country earns from its exports versus what it pays for its imports, is another factor that can influence the value of the Australian Dollar. If Australia produces highly sought after exports, then its currency will gain in value purely from the surplus demand created from foreign buyers seeking to purchase its exports versus what it spends to purchase imports. Therefore, a positive net Trade Balance strengthens the AUD, with the opposite effect if the Trade Balance is negative.</p>
  1200. </section></div>
  1201. </p></div>
  1202. </div>
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