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Scotiabank strategists Shaun Osborne and Eric Theoret note the Euro (EUR) is consolidating in a tight range around the mid-1.15s as markets await the Federal Open Market Committee (FOMC). They note Eu…
The Dow Jones Industrial Average trades just above 52,100 and has spent the morning going nowhere, on the day the Federal Reserve is expected to raise its rate for the first time since 2023. That is n…
Rabobank’s Senior FX Strategist Jane Foley notes the US Dollar (USD) has outperformed G10 peers on expectations the Fed will deliver around 100 bps of tightening over 12 months, but warns this may be …
The GBP/USD pair attracts fresh sellers following an intraday uptick to the 1.3500 neighborhood and drops to the lower end of its daily range during the first half of the European session on Wednesday…
Deutsche Bank’s Henry Allen and colleagues note that the S&P 500 has retreated to a six‑week low as higher Oil prices and stagflation fears weigh on risk assets. They highlight that markets now price …
EUR/CAD extends its gains for the second consecutive day, trading around 1.6090 during European hours on Wednesday. Traders are closely watching the European economic calendar, as the seasonally adjus…
The Japanese Yen (JPY) turns flat against the US Dollar (USD) at around 155.00 in the European trading session on Wednesday after recovering its early losses. The USD/JPY pair is expected to trade cau…
The Eurozone industrial sector activity declines 0.1% in July, according to data published by Eurostat. The industrial output was expected to decline but at a faster pace of 0.2%. In June, the data al…
The upcoming week will bring a fresh test for major currency pairs as investors return from the US Independence Day holiday and continue to digest weaker US labor market data. The release of the last …
West Texas Intermediate (WTI) oil price depreciates after posting nearly 3% gains in the previous day, trading around $100.00 per barrel during European hours on Wednesday. Crude oil prices slid after…
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The Pound to Euro exchange rate (GBP/EUR) firmed on Monday as markets turned positive ahead of Trump’s meeting with Zelensky.
ING’s Francesco Pesole highlights that the Federal Reserve announcement could push EUR/USD towards the 1.150 target. He notes that below 1.150 risks become more balanced given technicals, short-term v…
The Indian Rupee (INR) holds onto over-a-week long losses against the US Dollar (USD) on Wednesday. The USD/INR pair trades firmly near its seven-week high at around 96.00, as the Indian currency rema…
Silver (XAG/USD) struggles to capitalize on the previous day's modest gains and fails to break above the $64.00 round figure during the Asian session on Wednesday. Traders now seem hesitant and opt to…
Wednesday is decision day at the Federal Reserve, the culmination of an intense two-day meeting and a debate that’s been running for six weeks since the June meeting. It boils down to one question: in…
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is continuing its winning streak for the sixth consecutive day and trading around 99.70 during …
The People’s Bank of China (PBOC) Governor Pan Gongsheng said on Wednesday that the Chinese central bank will rely less on loan growth targets and more on interest rate tools to guide policy.
The United Kingdom (UK) Office for National Statistics (ONS) will publish the highly anticipated Consumer Price Index (CPI) data for August on Wednesday at 06:00 GMT.
The AUD/USD pair declines to around 0.7120 during Asian trading hours on Wednesday. Expectations of a US interest rate hike provide some support to the US Dollar (USD) and act as a headwind for the pa…
NZD/USD extends its losses for the third consecutive day, trading around 0.5750 during Asian hours on Wednesday. The currency pair faces downward pressure primarily due to a weakening New Zealand Doll…
EUR/JPY gains ground for the third successive day, trading around 179.10 during Asian hours on Wednesday. Technical analysis of the daily chart shows the currency cross trading within a descending cha…
The EUR/USD pair sticks to a negative bias for the fifth straight day and trades around the 1.1535-1.1530 area during the Asian session on Wednesday. Spot prices remain close to a one-month trough, to…
USD/JPY climbed to 155.09 on Tuesday afternoon, up 74 pips or 0.48% on the session, extending a rebound from the seven-month yen high of 153.40 printed last Thursday. The pair traded at 155.17 early i…