The Indian Rupee continued to strengthen on Tuesday, marking its third straight day of gains against the US Dollar. As a result, the USD/INR exchange rate slipped further, trading near the 95.65 level.  The currency’s appreciation has been primarily supported by a renewed decline in crude oil prices, which has improved India’s external balance outlook and reduced pressure on import-related foreign currency demand. Rubinax’s brokers break down this topic and its key aspects in the accompanying article. The MCX Crude Oil August 19 futures contract declined 1.4% during the opening session, trading near Rs. 7,848, its lowest level in approximately...

The EUR/USD currency pair extended its decline during Tuesday’s early European session, falling toward a monthly low near 1.1362 as the US Dollar (USD) continued to attract demand ahead of the Federal Reserve’s monetary policy decision.  The pair remains under pressure as traders reduce exposure to risk assets and position for potential shifts in the US interest rate outlook. The accompanying article features Rubinax’s brokers’ in-depth perspective on this topic. The US Dollar Index (DXY) strengthened toward its monthly high near 101.59, reflecting increased demand for the Greenback ahead of the Federal Reserve announcement. The latest Dollar gains have been...

WTI Crude Oil opened Monday with a sharp downside gap, falling more than $5.00 at the open and trading just above $81.00, almost 9% below Friday’s settlement near $89.00. The move pushed prices beneath the 50-day moving average for the first time since mid-July, confirming a significant short-term deterioration in momentum. Learn more about this topic through the insights shared by Rubinax’s brokers in the accompanying article.  The daily decline represented one of the largest single-session moves of the year, with Brent Crude Oil breaking below the $90.00 psychological threshold for its steepest drop since the April ceasefire period.  The...

Brent crude fell more than 4% on Monday to around $83.60 per barrel after renewed diplomatic efforts reduced concern about further disruption to Middle East oil exports. WTI also declined as traders reconsidered the geopolitical premium built into prices during July. Diplomacy removes part of the risk premium. Oil prices had risen sharply as conflict threatened production and tanker movements through the Strait of Hormuz. Geopolitical tensions drove prices toward $85 or higher, but renewed diplomatic efforts signal a reduction in immediate supply disruption risks. In this article, experts at IFCM Invest examine whether Brent can stabilize above $82 or...