Forex Today: Attention shifts to the ECB and US PPI
The US Dollar (USD) navigated a bearish range on Wednesday, gathering some pace soon after the US Treasury announced a buyback of up to $6 billion in 10- to 20-year T-bonds.
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Gold bulls defy US yield spike as Treasury buyback nears
Gold (XAU/USD) rises over 1% on Wednesday, even as the US Dollar (USD) trims some of its earlier losses, after the US Treasury Department announced a bond buyback for the September 10 auction of 10- and 20-year instrume…
Read more →Germany: Profit squeeze tempers price risks – ING
ING economists Carsten Brzeski and Franziska Biehl argue that while German inflation is set to rise above 3% and stay elevated into year-end, a repeat of 2022’s double-digit surge is unlikely.
Read more →Dow Jones Industrial Average slides all session as the Treasury bid falls short
The Dow Jones Industrial Average trades roughly 440 points lower and under 52,400, and its session high sits within two points of the opening print.
Read more →Australian Dollar stabilizes as rebound in US yields supports USD
AUD/USD stabilizes around 0.7220 at the time of writing on Wednesday, after hitting a fresh four-month high at 0.7237 earlier in the day. The Australian Dollar (AUD) loses some momentum as the US Dollar (USD) rebounds, …
Read more →Why is Cognyte Software stock surging today?
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.
Read more →Dollar debasement talk, Japanese Yen carry trade unwinding offset USD safe-haven status
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 some losses but re…
Read more →EUR/USD Price Forecast: 1.1686-1.1710 zone remains key hurdle
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 Dollar recovers its earl…
Read more →EUR/USD: US Inflation Data and ECB in Focus as Oil and Yields Climb Further
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 to the ECB meeting, …
Read more →Japanese Yen: Supported by policy shift expectations – MUFG
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 changes in Japan. The ban…
Read more →Australian Dollar slips against Japanese Yen as BoJ rate hike bets grow
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 largest trading partn…
Read more →Gold Price Forecast: XAU/USD bounces up to $4,400 with the bearish trend intact
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 support from broad-…
Read more →Polish Zloty: Policy on hold keeps PLN supported against Euro – Societe Generale
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 removal of a near‑t…
Read more →Indian Rupee extends decline as oil prices rally further
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 have battered the Ind…
Read more →EUR/JPY Price Forecast: Softens to near 178.50, retains bearish bias despite oversold RSI
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 comments from the Bank of …
Read more →Swiss Franc strengthens as US Dollar holds losses despite Fed rate hike odds
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 surrounding the Federal …
Read more →WTI eases from three-month top and slips below $92.00; supply concerns to limit downside
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. Nevertheless, the commodi…
Read more →EUR/USD Price Forecast: Bullish bias remains above 1.1600 ahead of ECB and US inflation
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 1.1630 region, up aroun…
Read more →Gold sticks to modest gains on soft USD; Fed hike bets cap upside ahead of US inflation
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 three-day losing stre…
Read more →United States Dollar Index weakens despite rising inflation concerns, Fed rate hike bets
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 Wednesday.
Read more →Silver Price Forecast: XAG/USD rises to near $66.40 as US Dollar declines, US CPI in focus
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 Federal Reserve (Fed…
Read more →USD/JPY Price Forecast: Hammer teases rebound after 650-pip slide
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.
Read more →The Pound sits still through a hawkish hearing and the priciest gilt sale
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 Committee on Tuesday af…
Read more →Silver Price Forecast: Head-and-Shoulders risk builds below $67
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 elevated US bond yields…
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