United States Sec. of State Rubio: Iran is in a lot of trouble
Following his meeting with Chinese Foreign Minister Wang Yi in Manila on Wednesday, United States (US) Secretary of State Marco Rubio said that “Iran is in a lot of trouble.”
FX Desk
Euro retreats from one-month top amid JPY intervention risks, BoJ bets as traders eye ECB
The EUR/JPY cross attracts some sellers after an intraday move up to a one-month high and drops to the 185.75-185.70 area during the early part of the European session on Wednesday. The supportive fun…
Indian Rupee falls back as oil prices rally further
The Indian Rupee (INR) opens lower against the US Dollar (USD) on Wednesday after a slight relief the previous day. The USD/INR pair rises to near 96.53 as a fresh surge in oil prices due to intensify…
Norwegian Krone: Rate path hinges on inflation data – Commerzbank
Commerzbank’s Antje Praefcke highlights recent confusion in Norway after delayed core inflation data and an unexpected slowdown in both headline and core rates. Despite Norges Bank’s earlier hawkish t…
Japanese Yen gains strongly on hopes of BoJ aggressive tightening cycle
The Japanese Yen (JPY) attracts significant bids against its major currency peers during the European trading session on Wednesday. The USD/JPY pair falls vertically to near 162.65, but quickly recove…
Hungarian Forint: Rally against Euro reassessed after rate cuts – Societe Generale
Societe Generale strategists analyze the Hungarian Forint (HUF) after the central bank of Hungary, Magyar Nemzeti Bank (MNB) cut its policy rate to 5.75% and signalled more easing. They expect a 5.0% …
Euro gains ground above 1.1400 on hawkish ECB tone
The EUR/USD pair holds positive ground near 1.1410 during the early European trading hours on Wednesday, bolstered by a hawkish tone from the European Central Bank (ECB). However, the potential upside…
Japanese Yen: Weakness persists as BoJ hike talk grows – MUFG
MUFG’s Derek Halpenny highlights persistent Japanese Yen weakness as USD/JPY trades at levels last seen in 1986, with low volatility undermining the Ministry of Finance’s case for intervention. He not…
Gold sticks to gains near two-week high as hopes for US-Iran diplomacy cap USD
Gold (XAU/USD) maintains its bid tone heading into the European session and currently trades just below a two-week high, set earlier this Wednesday. The US Dollar (USD) drifts lower following a four-d…
Why is Cathay Pacific Airways stock rising today?
A Discounted Cash Flow model estimates what a company might be worth by projecting its future cash flows and then discounting those cash flows back to today using an appropriate rate. It is essentiall…
India Gold price today: Gold rises, according to FXStreet data
The price for Gold stood at 12,778.83 Indian Rupees (INR) per gram, up compared with the INR 12,628.91 it cost on Tuesday.
Indonesian Rupiah inches lower ahead of BI policy decision
USD/IDR inches higher after six days of gains, trading around 17,960 during the Asian hours on Wednesday. The pair appreciates as the Indonesian Rupiah (IDR) struggles ahead of Bank Indonesia’s (BI) u…
US President Donald Trump approves US-Saudi Arabia nuclear deal
US President Donald Trump approved a landmark agreement with Saudi Arabia that could potentially provide the kingdom with uranium enrichment capability for its civilian nuclear program, the Wall Stree…
Australian Dollar strengthens above 0.7000 on RBA hawkish stance
The AUD/USD pair gathers strength to near 0.7010 during the early Asian trading hours on Wednesday. The Australian Dollar (AUD) strengthens against the US Dollar (USD) as the likelihood of the Reserve…
AUD/USD Price Forecast: Consolidates near 0.7000 as bulls await 38.2% Fibo. breakout
The AUD/USD pair struggles to capitalize on a modest Asian session uptick and extends its sideways consolidative price move around the 0.7000 psychological mark on Wednesday.
WTI Price Forecast: Rises to near $85.00 on supply disruption, but remains capped below 100-day SMA
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $84.90 during the early European trading hours on Wednesday. The WTI rises as rising tensions in the Middle East raise fear…
Canadian Dollar edges higher amid bullish oil prices; upside potential seems limited
The USD/CAD pair struggles to capitalize on its strong weekly gains registered over the past two days and edges lower during the Asian session on Wednesday. Spot prices currently trade around the 1.41…
Swiss Franc weakens as risk aversion support US Dollar
USD/CHF continues its winning streak for the third successive day, trading around 0.8130 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) receives support from growing …
Pakistan requests $10 billion US facility to strengthen reserves- Reuters
ISLAMABAD: Pakistan has made eight requests to Saudi Arabia under long-term economic cooperation, including conversion of short-term existing deposits of $5 billion into a long-term facility of 10 yea…
Japan’s Katayama says will take necessary steps on forex as required
Japan’s Finance Minister Satsuki Katayama said on Wednesday that the authorities will take necessary steps on the foreign exchange if necessary.
Yemen’s Houthis threaten Bab el-Mandeb closure, putting another trade chokepoint at risk
Yemen’s Houthis said that they have closed the Bab el-Mandeb Strait to Saudi-linked shipping in retaliation for the kingdom’s blockade on Yemen and a recent attack on the international airport in Yeme…
New Zealand Dollar declines as safe-haven demand lifts US Dollar
NZD/USD depreciates after opening at a bullish gap, remaining in the positive territory and trading around 0.5830 during the Asian hours on Wednesday. The pair loses ground as the US Dollar (USD) pare…
US CENTCOM says it has completed 11th night of strikes on Iran
The United States Central Command (CENTCOM) said that it completed another night of attacks that targeted “military operations centers, maritime capabilities, aircraft hangars, drone storage facilitie…
UK CPI set to show receding inflation in June as GBP/USD fails at May highs
The UK Office for National Statistics (ONS) will release the June Consumer Price Index (CPI) figures on Wednesday at 06:00 GMT, a print that will matter for markets. Consensus expectations point to in…