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Gold Price Forecast: XAU/USD trades around $2,930 amid escalating trade war
XAU/USD trades near a fresh weekly high of $2,929.65, with higher highs in sight.
EUR/USD Price Analysis: Bulls tighten grip as pair surges to multi-month highs
EUR/USD gained significant ground on Wednesday, pushing further into bullish territory after an already strong performance in recent sessions.
BoE's Pill: Size and pace of further easing will hinge on inflation
BoE's Chief Economist Huw Pill spoke before lawmakers in Parliament.
GBP/USD surges as weak US data fuels Fed rate-cut bets
The Pound Sterling extended its gains versus the US Dollar on Wednesday, as market participants punished the latter.
BoE's Bailey: Second round inflation effects look less likely
BoE's Governor Andrew Bailey testified before the Treasury Select Hearing.
US ISM Services PMI rises to 53.5 in February vs. 52.6 expected
The economic activity in the US service sector continued to expand an accelerating pace in February, with the ISM Services PMI rising to 53.5 from 52.8 in January.
Silver Price Forecast: XAG/USD struggles around $32.40 while global trade war intensifies
Silver price (XAG/USD) struggles to extend its upside above the key resistance of $32.40 in Wednesday's North American session.
BoE's Greene: Appropriate to maintain cautious approach to removing monetary restrictiveness
While testifying before the U Treasury Select Committee on Wednesday, Bank of England (BoE) policymaker Megan Greene said it is appropriate to maintain a cautious and gradual approach to removing monetary restrictiveness, as reported by Reuters.
AUD/USD struggles to perform despite sheer weakness in US Dollar
The AUD/USD pair is slightly higher to near 0.6280 in North American trading hours on Wednesday.
US Commerce Secretary Lutnick: We expect rates to come down if we balance the budget
In an interview with Bloomberg TV on Wednesday, US Commerce Secretary Howard Lutnick said that they will make an announcement on Canada and Mexico tariffs later in the day, adding that they will be "in the middle somewhere." Key takeaways "If Canada can stop fentanyl, US President Donald Trump is open-minded." "Trump is thinking about what sectors he can maybe consider giving Canada relief." "Trump will make the decision.
GBP pulled through 200-day MA by softer USD tone - Scotiabank
Pound Sterling (GBP) is enjoying the ride provided by the generally softer USD and the additional tow from the EUR lifting its European peers, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EUR jumps on the day - Scotiabank
The EUR advance has extended today as Germany's fiscal reset promises massive spending increases on defence and infrastructure, Scotiabank's Chief FX Strategist Shaun Osborne notes.
CAD holds range on the day - Scotiabank
So, the 25% tariff regime might have had a very short shelf life after all and we might be looking at low double digit border tariffs now, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USD trades broadly lower - Scotiabank
After Tariffs Tuesday, we've arrived at Walkback Wednesday, it would seem.
US Dollar correction continues with DXY Index at four-month low
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, extends its decline for the third day in a row this week and trades near 105.00 at the time of writing on Wednesday, the lowest level since early November.
NZD/USD gains to near 0.5680 as US Dollar continues to underperform
The NZD/USD pair recovers its intraday losses and turns positive in European trading hours on Wednesday.
China: Domestic demand prioritised to offset tariffs - Standard Chartered
NPC set targets for growth at 5%, inflation 2%, official budget deficit 4% of GDP, largely as we expected.
Gold steadies after hints on possible tariff relief
Gold's price (XAU/USD) recovers its earlier losses in the Asian trading session and trades around $2,920 at the time of writing on Wednesday.
Pound Sterling demonstrates strength ahead of BoE Bailey's testimony
The Pound Sterling (GBP) trades higher against its major peers on Wednesday ahead of Bank of England (BoE) Governor Andrew Bailey's testimony before Parliament's Treasury Committee scheduled at 14:30 GMT.
NZD/USD: Orr resigns from his position in the RBNZ - BBH
RBNZ Governor Adrian Orr unexpectedly resigned, BBH's FX analysts report.
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