Indian Rupee starts weak negatively as oil prices extend gains

The Indian Rupee (INR) opens on a weak note against the US Dollar (USD) at the start of the week. The USD/INR pair jumps to near 96.46 as a fresh surge in oil prices and the consistent outflow of foreign funds from the Indian stock market are hurting the Indian currency.  In the opening trade, the MCX Crude Oil contract expiring on July 20 is 2.6% higher at around Rs. 8,150, the highest level seen in over a month.  Currencies from economies, such as India, which rely heavily on oil imports to meet their energy needs, tend to underperform in a high-oil-price environment.  Oil prices surge on continued US-Iran aggression  The continuous exchange of attacks between the United States (US) and Iran after the collapse of the ceasefire has pushed oil prices higher, disrupting the overall energy supply. Latest reports from Iran have shown that they are consistently attacking oil tankers attempting to transit the Strait of Hormuz, a vital passage to almost one-fifth of the global energy supply.  Iran‘s Islamic Revolutionary Guard Corps (IRGC) said that two oil tankers were blown up after attempting to transit the southern route of the Strait of Hormuz. The Iranian military stated that the passage will not be

07-20انڈسٹری

EUR/USD Price Forecast: Edges higher to near 1.1450 but remains capped below 100-day SMA

The EUR/USD pair trades in positive territory around 1.1445 during the early European trading hours on Monday, bolstered by a hawkish tone from the European Central Bank (ECB). The ECB is expected to hold interest rates on ThThursday butill hike for the second time this year in September as a renewed energy price surge raises the risk of more intense inflation pressures, according to Reuters.  However, escalating tensions in the Middle East could boost safe-haven flows, supporting the US Dollar (USD) against the Euro (EUR). Bloomberg reported that the US has launched the ninth night of Iran strikes, with Washington saying that airstrikes on Sunday aimed to “punish” Iran over the first US military deaths since renewed hostilities with the Islamic Republic began.  Iran‘s Islamic Revolutionary Guard Corps (IRGC) said that the Strait of Hormuz will not be safe for petrochemical products or ’single drop of oil and gas transit as long as US actions in the region continue.  Technical Analysis:  In the daily chart, EUR/USD keeps a bearish near-term tone as it holds beneath the 100-day Simple Moving Average (SMA). Price sits just under the upper Bollinger Band near, hinting that the latest bounce is running into overhead supply, while the middle Bollinger

07-20انڈسٹری

Gold price in United Arab Emirates: Rates on July 20

Gold prices remained broadly unchanged in United Arab Emirates on Monday, according to data compiled by FXStreet.  The price for Gold stood at 474.81 United Arab Emirates Dirhams (AED) per gram, broadly stable compared with the AED 474.54 it cost on Friday.  The price for Gold was broadly steady at AED 5,538.14 per tola from AED 5,534.89 per tola on friday.Unit measureGold Price in AED1 Gram474.8110 Grams4,748.14Tola5,538.14Troy Ounce14,768.37  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.

07-20انڈسٹری

China pushes the Frontier, Europe holds the line, and Morgan Stanley chooses Gamma over Theta

AI daily – Chinas moonshot fires another shot across the AI bow  The AI trade was already beginning to sag under the weight of its own ambition. Capital spending keeps climbing, hyperscaler balance sheets are being stretched, and investors are asking harder questions about whether the economics will ever catch up with the infrastructure bill. Then Chinas Moonshot AI unveiled Kimi K3, and another DeepSeek-style tremor ran through US technology stocks.  The model does not need to dethrone OpenAI or Anthropic to matter. It only needs to prove that frontier-level capability is becoming cheaper, more widely available and increasingly difficult to monopolise. That is the real threat to the old AI script.  Kimi K3 reportedly sits near the top of the current model rankings, with strong results across reasoning, coding and long-context workloads.  It is also being positioned as a large open-weight model with native text, image and video capabilities, alongside aggressive API pricing that undercuts many premium closed systems.  That is where the markets nerves begin to fray.  The US AI complex has spent the past several years trading on the belief that enormous data-centre investment would create an almost unassailable moat.  The logic was simple: whoever controlled the largest models, the most advanced chips and

07-20انڈسٹری

Zakura Node Hits Four-Hour Sync as Zcash Preps July 28 Ironwood Upgrade

Zcash developers are sealing off a shielded pool that carried a critical bug, and a new node built for speed is already backing the fix.  Key TakeawaysIronwood (NU6.3) seals Zcashs old Orchard pool at block 3,428,143 on July 28.Taylor Hornbys May bug find pushed ZEC lower before it stabilized above $500.Sean Bowe and Dev Ojhas Zakura node syncs Zcash 5 times faster than Zebra.  The Ironwood hard fork, known as NU6.3, activates around July 28, 2026, at block height 3,428,143. It closes a soundness flaw in the Orchard shielded pool and opens a new pool built on corrected code. Alongside it, a fast new node called Zakura is already live, giving operators a faster way to run the network.  A Bug Nobody Could See  Security researcher Taylor Hornby, working with Shielded Labs, found the flaw in late May 2026. The bug sat inside Orchard‘s cryptographic circuits. In theory, it lets someone mint counterfeit ZEC inside the shielded pool without leaving a trace. Zcash’s privacy design, the same feature that protects users, also blocks outside observers from checking whether anyone has exploited it.  Developers moved fast. A soft fork shut down the Orchard pool temporarily. A hard fork, NU6.2, patched the immediate danger. ZECs price dropped

07-20انڈسٹری

KuCoin Unveils Limited-Edition Tomorrowland Visa KuCard

KuCoin, the renowned crypto exchange, has unveiled the Tomorrowland Visa KuCard as a limited-edition product. Tomorrowland Visa KuCard combines Web3-driven payments with a prominent electronic music festival. As per KuCoin‘s official X announcement, it is launching the new payment card via KuCoin EU for worldwide music enthusiasts who are going to attend Tomorrowland. Tomorrowland is one of the world’s largest annual electronic dance music (EDM) festivals, held in Belgium. The blend of everyday spending and digital asset use cases underscores KuCoins endeavors to make crypto-powered payments widely accessible.  Carrying the future of Web3 payments in your pocket. ????  Meet the Limited Edition @tomorrowland Visa KuCard powered by KuCoin EU —the ultimate custom asset designed for global music lovers.  Want yours? Spot a Guardian on-site or head to our website to secure your spot on the… pic.twitter.com/Iprm4UTGiu  — KuCoin (@kucoincom) July 19, 2026  KuCoin Tomorrowland Visa KuCard Enables Web3 Payments for Music Fans  The limited-edition Tomorrowland Visa KuCard from KuCoin benefits music enthusiasts going to attend the Tomorrowland music festival. The interested consumsers can locate specified Guardians at the venue of the festival or join the events official waitlist via the website of KuCoin to get the special-edition card. The card is reportedly more than only a

07-20انڈسٹری

Ethereum's 12 Biggest Wallets Expose 6 Exchanges Controlling 6.6 Million ETH

The list spans staking infrastructure, a token wrapping contract, five exchange wallets, two layer two ( L2) bridges, and one address unlabeled on Etherscan but identified through Arkham Intelligence. Together, they show where concentrated $ETH sits across the network, and why two of the top spots are not “holders” in the traditional sense.  Beacon Contract Tops the List, But It Is Not a Whale  As of this weekend, the Ethereum Beacon Deposit Contract holds 88,289,814 $ETH, equal to 73.16% of the top 12 wallets combined. The contract does not belong to a person, fund, or company. Every validator staking $ETH to secure the network through proof-of-stake (PoS) sends funds through this single address, which functions as protocol-level escrow rather than discretionary holdings.  Curiously, the Beacon Deposit Contract also holds $109,690 worth of the ERC-20 token PIKA, after 7.112 trillion of the coins found their way into the address. It also holds roughly $8,500 worth of USDT for reasons that remain unclear, alongside dozens of largely meaningless ERC-20 tokens.  The Wrapped Ether contract ranks second with 2,443,063 $ETH, or 2.02% of the total. It works the same way. $ETH gets locked as collateral so it can circulate as an ERC-20 token called WETH across decentralized

07-20

3 Macro Events That Could Shake Crypto Markets This Week

A relatively light week lies ahead on the US economic calendar as investors look for signals ahead of the Federal Reserves next meeting.  Crypto markets remained relatively flat over the weekend with low volatility and total capitalization hovering around $2.3 trillion.  Nevertheless, military action in the Middle East has continued with the US Central Command reporting on Sunday that it was conducting a new wave of strikes against Iran for the ninth consecutive night.  “The strikes will continue degrading Iranian military capabilities used to attack commercial vessels and civilian mariners transiting the Strait of Hormuz,” it stated.  Meanwhile, crude oil prices jumped again, with WTI hitting $85 and Brent topping $90, and US stocks continued to cool last week as inflationary pressures returned.  Economic Events July 20 to 24  There are no economic reports due on Monday or Tuesday, and weekly jobless claims are out on Thursday. Friday sees the release of the S&P Purchasing Managers Index (PMI) reports for manufacturing and services, which generally reflect changes in economic growth conditions.  This week‘s data will signal whether the economy remains as robust as some recent figures have shown, following last week’s below-forecast CPI inflation reports.  “It appears that the disinflationary trend that began in 2023 has indeed remained

07-20انڈسٹری

Gold price in India: Rates on July 20

Gold prices remained broadly unchanged in India on Monday, according to data compiled by FXStreet.  The price for Gold stood at 12,475.40 Indian Rupees (INR) per gram, broadly stable compared with the INR 12,463.91 it cost on Friday.  The price for Gold was broadly steady at INR 145,510.50 per tola from INR 145,376.60 per tola on Friday.Unit measureGold Price in INR1 Gram12,475.4010 Grams124,753.90Tola145,510.50Troy Ounce388,037.30  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.

07-20انڈسٹری

Gold price in Malaysia: Rates on July 20

Gold prices rose in Malaysia on Monday, according to data compiled by FXStreet.  The price for Gold stood at 529.13 Malaysian Ringgits (MYR) per gram, up compared with the MYR 528.55 it cost on Friday.  The price for Gold increased to MYR 6,171.72 per tola from MYR 6,164.87 per tola on Friday.Unit measureGold Price in MYR1 Gram529.1310 Grams5,291.31Tola6,171.72Troy Ounce16,457.60  FXStreet calculates Gold prices in Malaysia by adapting international prices (USD/MYR) 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.

07-20انڈسٹری
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