Forex Market Overview: Key Currency Movements and Precious Metals Outlook

Scalping: Scalping is a trading style that focuses on profiting from tiny price movements. In this strategy, traders look for small profits in a very short time frame, and a 3 PIP move can be a target. This type of trading requires precise execution and quick decision-making.
Day Trading: Day trading is another strategy that involves monitoring short-term price movements, where traders seek to profit from minor fluctuations. Traders may use the 3 PIP target to enter or exit positions based on short-term trends.

Australian Dollar's Recent Plunge

The Australian dollar experienced a significant drop, reaching a five-year low, which positioned it as the worst-performing currency in the developed world. The AUD/USD pair plummeted to 0.5988, marking a nearly 14% decrease from its peak in 2024. This drastic fall raises questions about the future trajectory of the Australian dollar and factors that might influence its recovery or further decline.

Impact of Global Events on USD/INR

The USD/INR exchange rate showcased high volatility influenced by global geopolitical events, notably Donald Trump's trade policies. The pair saw a sharp decline to 84.95, the lowest since late December, followed by a rebound to 85. This fluctuation reflects the market's sensitivity to international trade tensions and upcoming economic decisions from the Reserve Bank of India (RBI).

Silver Market's Struggle and Outlook

Following its worst week since 2020, the silver market (XAGUSD) faces uncertainties. The combination of increased tariffs and margin calls significantly impacted demand. With important economic indicators like the Consumer Price Index (CPI) and Federal Reserve minutes on the horizon, investors are keenly watching for signs of a potential recovery or further downturns in silver prices.