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Eurozone Preliminary GDP rises 0.4% QoQ in Q2 vs. 0.2% expected
The Eurozone economy grows by 0.4% in the three months to September of 2024, following a 0.2% expansion in the second quarter, the preliminary estimate released by Eurostat showed on Wednesday.
NZD/USD: Risk of sustained break below 0.5950 is not high - UOB Group
The New Zealand Dollar (NZD) is expected to trade in a sideways range of 0.5955/0.5995.
SNB's Schlegel: Ready to react to pressure on Swiss Franc
Swiss National Bank (SNB) Chairman Martin Schlegel said on Wednesday that they are "ready to react to pressure on the Swiss Franc." Additional quotes Swiss Franc is a safe haven, which appreciates in times of uncertainty.
USD/SGD: Daily momentum remains bullish - OCBC
USD/SGD continued to trade near recent high with SGD weakness mirroring JPY and CHF softness.
Pound Sterling trades with caution ahead of UK Autumn budget statement
The Pound Sterling (GBP) trades cautiously against its major peers on Wednesday ahead of the announcement of the United Kingdom's (UK) Autumn Forecast Statement at 12:45 GMT.
USD/JPY: BoJ MPC tomorrow - OCBC
Government formation is key but this may take up to weeks or even months.
AUD/USD: Next level to monitor is 0.6520 - UOB Group
Oversold conditions and slowing momentum suggest Australian Dollar (AUD) is likely to trade in a range of 0.6545/0.6585.
USD/CAD remains above 1.3900 near three-month highs, eyes on US GDP
The USD/CAD pair pulls back from its three-month high of 1.3929, recorded in the previous session, trading around 1.3910 during Wednesday's European session.
DXY: ADP employment, 3Q GDP on their way - OCBC
The US Dollar (USD) traded 2-way overnight with gains on the back of strong consumer confidence but turned lower after JOLTS job openings slumped to lowest level since early 2021.
USD: A blip in the strong US jobs story - ING
The latest US macro news has dampened the dollar rally. Consumer confidence rose more than expected from 99.5 to 108.7 yesterday, the strongest monthly gain since March 2021.
AUD/USD Price Forecast: Climbs to 0.6685 area amid modest USD weakness, ahead of US data
The AUD/USD pair stages a goodish intraday recovery from its lowest level since August 8, around the 0.6535 region touched earlier this Wednesday and for now, seems to have snapped a three-day losing streak.
German Preliminary GDP unexpectedly expands 0.2% QoQ in Q3 vs. -0.1% expected
The German economy expanded by 0.2% over the quarter in the third quarter of 2024 after shrinking 0.1% in the second quarter, according to the preliminary data published by Destatis on Wednesday.
GBP/USD: Likely test the top of the 1.2950/1.3070 range - UOB Group
The Pound Sterling (GBP) is facing mild upward pressure; it could edge higher to 1.3035.
Australia: 3Q24 headline inflation back in RBA's target for first time in three years - UOB Group
Australia's consumer price inflation rate fell to its lowest since early 2021 in the third quarter on government's electricity rebates and a drop in gasoline prices, UOB Group's Economist Lee Sue Ann note.
EUR/USD: Short squeeze? - OCBC
The Euro (EUR) held up above 1.08-handle overnight albeit still near 2-month lows.
EUR: Data overflow in the euro area - UOB Group
Growth and inflation data across the eurozone begin to flow in today.
EUR/USD: Has a chance to rise towards 1.0885 - UOB Group
The Euro (EUR) is expected to trade in a range between 1.0790 and 1.0840.
EUR/GBP rises above 0.8350 ahead of Eurozone GDP, UK Autumn Forecast Statement
EUR/GBP recovers its recent losses from the previous session, trading near 0.8320 in the European session on Wednesday.
EUR/USD consolidates ahead of flash Eurozone-US Q3 GDP, German inflation
EUR/USD trades close to Tuesday's high slightly above 1.0800 in Wednesday's European session.
NZD/USD Price Forecast: Trades near 0.5950 with a bearish bias
The NZD/USD pair remains tepid for the fourth consecutive session, trading around 0.5970 during Wednesday's European session.
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