India FX Reserves, USD climbed from previous $686.8B to $687.19B in January 5

Euro (EUR) could drop to 1.1585 before stabilization can be expected; the major support at 1.1560 is unlikely to come under threat. In the longer run, weakness in EUR has likely resumed, with scope for a decline to 1.1560, UOB Group's FX analysts Quek Ser Leang and Lee Sue Ann note.

Euro (EUR) is likely to trade in a range between 1.1625 and 1.1660. In the longer run, EUR is still consolidating, but likely in a range of 1.1600/1.1700, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Litecoin (LTC) price extends losses, trading below $75 at the time of writing on Thursday, after failing to break through the key resistance zone. The rising activity among the dormant wallets supports the bearish sentiment.

In quite an erratic week, the US Dollar (USD) reversed Tuesday’s marked advance and shifted its attention to the opposite direction on the back of jitters surrounding the Fed’s independence as well as swelling speculation of further interest rate cuts by the Federal Reserve later in the year.

Silver price (XAG/USD) registers gain of 2% on Tuesday after reaching an all time high of 89.11 as the Greenback recovers amid a soft inflation report in the United States. At the time of writing, XAG/USD trades at $86.91 after bouncing off daily lows of $83.45.

Euro (EUR) is likely to trade in a range between 1.1640 and 1.1700. In the longer run, weakness in EUR from early last week has stabilized; for the time being, it is likely to consolidate between 1.1615 and 1.1730, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Here is what you need to know on Tuesday, January 13:

Silver (XAG/USD) rally extends for the second straight day, with buyers pushing prices to a new record high of $86.08 a troy ounce, posting gains of nearly 7.50%, courtesy of the US Department of Justice, which has indicted the Fed Chair Jerome Powell, over the renovations of the Fed’s buildings.

Euro (EUR) must break and close below 1.1615 before a move to 1.1585 can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground after four days of gains and trading around 98.80 during the European hours on Monday.

Here is what you need to know on Monday, January 12:

India FX Reserves, USD declined to $686.8B in December 29 from previous $696.61B

Bitcoin (BTC) is trading lower toward $90,000 on Friday after encountering rejection at a key resistance zone. The price pullback in BTC is supported by fading institutional demand, as spot Exchange Traded Funds (ETFs) have recorded net outflows so far this week.

The Euro appreciates sharply on Friday, reaching session highs above 183.60 after bouncing from three-week lows at 182.63, to retrace most of the weekly losses.

Euro (EUR) could edge lower and the major support at 1.1650 may be tested. In the longer run, price action suggests EUR could decline to 1.1650; it is too early to determine in if it could maintain a foothold below this level, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Algorand (ALGO) price steadies around $0.136 on Thursday, nearing a key support level; if it holds, it suggests further upside. Bullish sentiment strengthens as ALGO’s on-chain and derivatives data indicate improving trader sentiment.

EUR is likely to edge lower, but any decline is unlikely to reach the major support at 1.1650. In the longer run, bias remains tilted to the downside, but EUR must close below 1.1680 before a move toward 1.1650 can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Gold price (XAU/USD) rallies on Tuesday for the fourth straight day, shy of reclaiming the $4,500 figure even though US Treasury yields rise along with the Greenback, which is also gaining 0.20%. At the time of writing, XAU/USD trades at $4,487, up nearly 1%.

Euro (EUR) appears to have entered a range-trading phase between 1.1695 and 1.1750. In the longer run, bias remains tilted to the downside, but EUR must close below 1.1680 before a move toward 1.1650 can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Euro (EUR) could edge lower, but any decline is unlikely to threaten the major support at 1.1680. In the longer run, the bias for EUR is tilted to the downside toward 1.1680, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Cardano (ADA) steadies above $0.40 at the time of writing on Monday after a decisive close above the falling wedge pattern in the previous week. The derivatives market supports improving sentiment, with ADA’s Open Interest (OI) rising and long bets increasing among market participants.

India FX Reserves, USD rose from previous $693.32B to $696.61B in December 22

India Federal Fiscal Deficit, INR rose from previous 8251.44B to 9766.71B in November

South Africa Private Sector Credit up to 7.79% in November from previous 7.26%

The highlight of the day was the Federal Open Market Committee (FOMC) Minutes of the December meeting released in the American afternoon. The Minutes showed that most participants are willing to deliver additional rate cuts if inflation declines over time.

This week's highlight will be the release of the minutes of the Federal Reserve's (Fed) December meeting, in which the central bank decided to cut its benchmark rate by 25 basis points and signal another rate cut in 2026.

India FX Reserves, USD up to $693.32B in December 15 from previous $688.95B

Shiba Inu (SHIB) price remains under pressure, trading below $0.000070 on Wednesday as bearish momentum continues to dominate the broader crypto market.

Dogecoin (DOGE) is trading within a falling wedge pattern at around $0.13 on Tuesday, and a breakout of this pattern favors bulls.