U.S. Dollar Index gains ground as traders react to the Retail Sales report. The report indicated that Retail Sales increased by +0.5% month-over-month in April, in line with analyst consensus. Retail Sales Ex Autos incr…
Gold (XAU/USD) trades on the back foot on Wednesday as expectations of further Federal Reserve (Fed) interest rate hikes lift the US Dollar (USD) and weigh on the non-yielding metal. At the time of writing, XAU/USD trad…
ING strategist Francesco Pesole notes the Dollar’s resilience despite lower Oil prices and improved global risk sentiment, highlighting that hawkish Federal Reserve communication is keeping the Dollar supported. Strong …
GBP/JPY trades around 209.90 on Wednesday at the time of writing, virtually unchanged on the day with a modest 0.05% decline. British Pound (GBP) struggles to find a clear direction following the release of mixed UK act…
Commerzbank’s Antje Praefcke reviews the Hungarian Central Bank decision to keep the key rate at 5.50% while lowering its medium-term inflation target to 2.5% from 2028. The MNB slightly raised its 2027 inflation foreca…
EUR/CAD halts its four day-winning streak, trading around 1.6090 during the European hours on Wednesday. The currency cross is under pressure as the Euro (EUR) holds losses following the release of the latest HCOB Purch…
The Euro (EUR) remains on its back foot against the US Dollar (USD) on Wednesday, extending its decline to two-and-a-half-month lows after dropping about 0.5% so far this week.
The EUR/JPY cross seesaws between tepid gains/minor losses through the first half of the European session on Wednesday and moves little following the release of flash Eurozone PMIs.
DBS Group Research economist Philip Wee expects the Swiss National Bank to keep its policy rate unchanged at 0% at the September 24 meeting, despite higher energy prices and a modest uptick in headline inflation.
US business activity is predicted to have gained momentum in September, according to the flash reading of the S&P Global Composite PMI, which ticked up to 58.4 from 56.0 in August.
The Indian Rupee (INR) trades lower against the US Dollar (USD) on Wednesday after rising in the past few trading days.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – retains a negative bias for the fifth straight day on Wednesday, flirting with an over two-week low touched on Tuesday. The commodity trades near mid-$8…
USD/IDR extends its losses for the second successive day, trading around 17,820 during Asian hours on Wednesday. Technical analysis of the daily chart suggests the pair remains within the ascending channel, indicating a…
Gold (XAU/USD) struggles to capitalize on the previous day's goodish rebound from sub-$4,300 levels and meets with a fresh supply during the Asian session on Wednesday. The US Dollar (USD) preserves its recent strong ga…
The US Dollar reflects strength on Wednesday amid firm expectations that the Federal Reserve (Fed) will deliver more interest rate hikes this year.
Asian equities trade mixed on Wednesday. Oil prices and Treasury yields dropped as crude flows through the Middle East improved, adding to risk appetite. Furthermore, a senior Iranian official said that Tehran can reope…
Silver price (XAG/USD) depreciates after registering gains the previous day, trading around $66.50 per troy ounce during Asian hours on Wednesday. Non-yielding Silver faces challenges due to the Federal Reserve's hawkis…
The USD/JPY pair gathers strength to around 157.60 during the early Asian trading hours on Wednesday. The Japanese Yen (JPY) extends the decline due to a lack of explicitly hawkish guidance from the Bank of Japan (BoJ) …
The USD/CAD pair attracts buyers for the third straight day and trades around the 1.4070-1.4075 area during the Asian session on Wednesday, near its highest level since July 29, touched the previous day. Moreover, the f…
Australia is weeks away from a regulatory decision that could leave just one independent motoring club-owned insurer operating in the country. With the Australian Competition and Consumer Commission's (ACCC) determinati…
Travis Kelce, the Kansas City Chiefs tight end and fiance of Taylor Swift, sparked jokes and hopes this week when he announced his investment in the embattled amusement park company Six Flags Entertainment.
Gold price (XAU/USD) rebounds to near $4,360 during the early Asian session on Wednesday. The precious metal edges higher amid hopes for diplomatic progress between the US and Iran.
The preliminary reading of Australia's S&P Global Manufacturing Purchasing Managers Index (PMI) eased to 49.3 in September versus 52.0 prior, the latest data published by S&P Global showed on Wednesday.
Four weeks of selling have taken NZD/USD from just under 0.6000 to its lowest since early July. On Tuesday the pair dipped under 0.5700, then climbed back into the 0.5700 to 0.5800 range it has traded in since September…