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EUR/AUD Price Forecast: Climbs as traders eye 1.6300 and await Aussie jobs data
The shared currency stages a recovery against the Aussie Dollar on Wednesday, printing gains of over 0.18%, as traders await Australia's job report.
NZD/USD Price Analysis: Pair tallied another daily loss, indicators show bearish outlook
The NZD/USD pair extended its downtrend on Wednesday, declining by 0.8% to 0.5880, continuing its move towards the August 5 lows.
NZD/JPY Price Analysis: Pair retreats, bearish SMA crossover completed
The NZD/JPY pair witnessed a slight pullback during Wednesday's session, dipping below the 91.50 level.
Australian unemployment rate set to steady for third consecutive month in October
The Australian Bureau of Statistics (ABS) will release the October monthly employment report at 00:30 GMT on Thursday.
Australian Dollar declines as US Dollar continues strengthening
The AUD/USD declined by 0.69% to 0.6490 in Wednesday's session.
Forex Today: Powell and the labour market should keep investors entertained
The US Dollar extended further its move higher, regaining traction after a negative first half of the session and climbing to new 2024 peaks after US CPI ticked higher in October as well as prudent remarks from Fed officials.
Dow Jones Industrial Average claws back ground after US CPI print
The Dow Jones Industrial Average (DJIA) clawed back over 200 points at its peak on Wednesday, recovering ground after an early-week plunge from record highs.
Fed's Schmid: I won't let enthusiasm over rising productivity get ahead of data
Federal Reserve (Fed) Bank of Kansas President Jeffrey Schmid made a rare appearance on Wednesday, flagging potential pitfalls on the path toward lower interest rates.
Fed's Musalem: Recent information suggests that the risk of inflation moving higher has risen
Federal Reserve (Fed) Bank of St. Louis President Alberto Musalem hit the wires on Wednesday, noting that sticky inflation figures make it difficult for the Fed to continue to ease rates.
US Dollar holds gains higher after Fed's comments, US CPI
The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, has surged higher on Wednesday in response to hawkish comments from Federal Reserve (Fed) officials.
Mexican Peso holds firm as US CPI shows disinflation stalling
The Mexican Peso stayed firm against the US Dollar during the North American session on Wednesday as investors digested the latest US inflation report.
EUR/USD finds a new year-long low as Euro continues to corrode
EUR/USD continued to backslide on Wednesday, falling into 1.0550 and finding only a meager bounce from 54-week lows after US Consumer Price Index (CPI) inflation for October printed closely to median market forecasts.
What Just Happened: What is CPI inflation, and why does it matter?
US Consumer Price Index (CPI) inflation came in broadly as-expected in October, not delivering any nasty surprises to traders, but not delivering any good news, either.
EUR/JPY Price Analysis: Pair remains neutral, stuck in 164.00-165.00 range
The EUR/JPY was seen around 164.00 in Wednesday's session, with indicators sending mix signals.
GBP/USD Price Forecast: Dips to 1.2700, ignores BoE's hawkish comments
The Pound Sterling registers losses against the US Dollar in early trading during the North American session, sponsored by Bank of England´s (BoE) Catherine Mann's hawkish rhetoric.
USD/JPY pulls back from three-month peak after rise in Japanese factory-gate inflation
USD/JPY retreats after reaching a new three-month high on Wednesday after the release of Japanese factory-gate price inflation data (producer prices) supported the Japanese Yen (JPY) after they showed a higher-than-expected rise in October.
US inflation - progress stalls - Commerzbank
US consumer prices rose by 0.2% in October from September, and by 0.3% excluding energy and food.
Fed's Logan: US economic activity is resilient
Dallas Federal Reserve President Lorie Logan urged caution on Wednesday, advising the bank to move slowly with additional rate cuts to avoid unintentionally stoking inflation.
Silver Price Forecast: XAG/USD recovers to near $31.00 on sticky US inflation report
Silver price (XAG/USD) holds recovery to near $31.00 in Wednesday's North American session after the release of the United States (US) Consumer Price Index (CPI) data for October.
EUR/GBP bounces after UK Unemployment data miss, but Euro remains vulnerable
EUR/GBP bounces off two-and-a-half year lows in the 0.8200s to trade back up in the 0.8330s on Wednesday after UK labor market data showed a rise in the Unemployment Rate which increased speculation the Bank of England (BoE) might cut interest rates in December.
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