RBI plans to expand digital rupee use in welfare and cross-border deals

RBI plans to expand digital rupee use in welfare and cross-border deals
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RBI plans to expand digital rupee use in welfare and cross-border deals
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Today is the Flash PMIs Day for the Eurozone, the UK and the US. We will also get the Canadian Retail Sales and the Final UMich Consumer Sentiment data although they are unlikely to be market moving. Eurozone Manufacturing PMI: 46.0 expected vs. 46.0 prior. Eurozone Services PMI: 51.6 expected vs. 51.6 prior. UK Manufacturing…
The cryptocurrency market is facing a tough week, with Dogecoin taking the brunt of the losses. Dropping 11% in just 24 hours, the meme-coin’s sharp decline is part of a broader sell-off that has seen Bitcoin, Ethereum, and other major coins struggle. The sell-off could be attributed to profit-taking after a recent bullish phase and…
Cooling inflation boosts rate-cut hopes: U.S. CPI and core CPI both came in below expectations in September, fueling market bets that the Federal Reserve could cut interest rates as early as its next meeting, with another possible move in December. Markets rally on dovish expectations: Softer inflation data triggered gains across major U.S. stock indices,…
The Pound Sterling falls below 1.3150 against the US Dollar after sticky US core PCE inflation. A decline in market expectations for the Fed’s large interest rate cuts supported the US Dollar. The policy-easing spell from the BoE is expected to be slower than that of its major peers. The Pound Sterling (GBP) extends its two-day losing spree…
HSBC lowers USD/JPY forecast to 148 as Japan election adds uncertainty Source link
2025.07.04 2025.07.04 GBP/USD: Elliott Wave Analysis and Forecast for 04.07.25 – 11.07.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Once the correction ends, consider long positions above the level of 1.3375 with a target of 1.4000 – 1.4220. A buy signal: the price holds above 1.3375. Stop Loss: below 1.3270,…