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Silver (XAG/USD) price makes a U-turn on Wednesday and rises over 3.40% as the Greenback weakens, putting the confirmation of a ‘head-and-shoulders’ chart pattern on hold, which has formed since mid-A…
The Euro (EUR) gives back its early gains and flattens at around 1.1625 against the US Dollar (USD) during the European trading session on Wednesday. The major currency pair falls back as the US Dolla…
Cognyte shows double-digit revenue growth, faster-rising software and recurring mix, and reaffirms its Fiscal 2027 outlook while maintaining a debt-free balance sheet.
This week brought a sharper shift in expectations for the ECB, RBNZ and BOJ, while the renewed U.S.-Iran fighting pushed oil back above $90 and kept inflation risks alive. Next week, the focus moves t…
Societe Generale’s Kenneth Broux and colleagues expect the NBP to keep rates unchanged at 3.75%, with Governor Glapiński emphasising flexibility and data dependence. Given worsening inflation and the …
MUFG’s Lee Hardman notes that the Japanese Yen (JPY) has strengthened, driving USD/JPY back towards 153.00, as comments from US Treasury Secretary Scott Bessent reinforce expectations of policy change…
The US Dollar (USD) is failing to capitalise on the risk-averse market this week, as tensions in the Gulf escalate, threatening to widen into a full regional war. The US Dollar Index (DXY) has trimmed…
AUD/JPY declines 0.27% on Wednesday and trades around 110.80 at the time of writing. The Australian Dollar (AUD) fails to benefit sustainably from encouraging inflation data from China, Australia’s la…
The EUR/JPY cross trades in negative territory near 178.50 during the early European trading hours on Wednesday. The Japanese Yen (JPY) edges higher against the Euro (EUR) as a slew of hawkish comment…
Gold (XAU/USD) trims losses on Wednesday, with price action returning to the $4,400 area during the European morning session, after bouncing from $4,345 lows on Tuesday. The precious metal is drawing …
USD/CHF loses ground for the third consecutive day, trading around 0.8090 during the Asian hours on Wednesday. The pair remains subdued as the US Dollar (USD) holds losses despite a hawkish tone surro…
The EUR/USD pair attracts fresh buyers during the Asian session on Wednesday, though it lacks bullish conviction and remains confined within the weekly range. Spot prices currently trade near the 1.16…
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground for the third consecutive day and trading around 98.80 during Asian hours on W…
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – touches a fresh three-month top, around the $92.50 area during the Asian session on Wednesday, though it lacks follow-through. Nevert…
Silver price (XAG/USD) is up almost 1% to near $66.40 during the Asian trading session on Wednesday. The white metal strengthens as the US Dollar remains under pressure despite expectations that the F…
The Indian Rupee (INR) extends its decline against the US Dollar (USD) on Wednesday after a sharp correction the previous day. The USD/INR pair jumps marginally above 95.11 as surging energy prices ha…
Gold (XAU/USD) struggles to capitalize on a modest Asian session bounce from a one-week low touched earlier this Wednesday, albeit it sticks to a positive bias and, for now, seems to have snapped a th…
Silver price struggles to clear a key technical resistance near $67.00, retraces to two-day lows at $65.31, and records a 1.42% loss. The non-yielding metal failed to sustain its early gains amid elev…
Forex markets have remained subdued since the beginning of the week, with the US Dollar (USD) holding near 99.00 on Tuesday, as depicted by the US Dollar Index (DXY). Geopolitical developments in the …
The USD/JPY continued to fall for the second straight day, losing 0.40%, but found support around 153.00, with the pair set to end the session at around 153.75.
GBP/USD trades just under 1.3550 after a session that spanned 40 pips and returned two-tenths of a pip. The Bank of England (BoE) sent four Monetary Policy Committee (MPC) members to the Treasury Comm…
The US dollar spiked to the upside on Friday after the US NFP report showed job growth in August almost tripling the consensus estimate of 56K. The dollar gains didn’t last long, though, as most of th…
OCBC’s Christopher Wong reports USD/CNH briefly fell to its lowest level since February 2023 before rebounding after the PBoC set a higher-than-expected daily fix. Wong argues policymakers are leaning…
The Mexican Peso (MXN) remains unchanged against the US Dollar (USD) on Tuesday as market participants await the release of Mexico’s Fiscal package, which will be delivered to the Mexican Congress for…