











Show:

Japan's Katayama: It is important for currency to move in stable manner
Japan's Finance Minister Satsuki Katayama said on Wednesday that she recently sees one-sided and rapid moves in the currency, adding that she will be closely watching FX moves with a high sense of urgency.

AUD/NZD hovers around 1.1550 following cautious remarks from RBA's Hauser
AUD/NZD remains flat after registering more than 0.25% losses in the previous session, trading around 1.1550 during the Asian hours on Wednesday. The currency cross remains near 1.1590, the highest since September 2013, reached on November 10.

Japan's Takaichi: We cannot say that Japan has emerged from deflation
Japan Prime Minister Sanae Takaichi said on Wednesday that we cannot say that Japan has emerged from deflation. Takaichi further stated that she hopes for Bank of Japan (BOJ) to conduct policy so that Japan sees sustainable achievement of price target.

AUD/JPY Price Forecast: Constructive outlook remains intact near 110.00
The AUD/JPY cross gains ground to around 100.90 during the early European session on Wednesday. The Bank of Japan (BoJ) has been reluctant to commit to further interest rate hikes on the back of Japan's Prime Minister Sanae Takaichi's pro-stimulus stance.

AUD/JPY Price Forecast: Constructive outlook remains intact near 110.00
The AUD/JPY cross gains ground to around 100.90 during the early European session on Wednesday. The Bank of Japan (BoJ) has been reluctant to commit to further interest rate hikes on the back of Japan's Prime Minister Sanae Takaichi's pro-stimulus stance.

USD/CHF trades cautiously near 0.8000 as Fed dovish speculation intensifies
The USD/CHF pair trades with caution around 0.8000 during the late Asian trading session on Wednesday. The Swiss Franc pair faces selling pressure as the US Dollar (USD) falls on the back foot amid growing expectations that the Federal Reserve (Fed) could cut interest rates again this year.

NZD/USD Price Forecast: Seems vulnerable while below 200-hour SMA hurdle near 0.5670
The NZD/USD pair meets with a fresh supply during the Asian session on Wednesday and now seems to have snapped a two-day winning streak, to the 0.5670 region, or a nearly one-week top touched the previous day.

USD/INR rises at open ahead of India's retail inflation data
The Indian Rupee (INR) opens on a weak note against the US Dollar (USD) on Wednesday. The USD/INR pair rises to near 88.80 as the Indian Rupee underperforms ahead of the release of India's Consumer Price Index (CPI) data for October at 10:30 GMT.

EUR/JPY advances to 179.00 neighborhood; highest since August 1992
The EUR/JPY cross scales higher for the fourth straight day - also marking the fifth day of a positive move in the previous six - and climbs to a fresh high since August 1992 during the Asian session on Wednesday.

Silver Price Forecast: XAG/USD attracts some sellers to near $51.00 on stronger US Dollar
Silver price (XAG/USD) edges lower to near $51.10, snapping the five-day winning streak during the early European session on Wednesday. The white metal loses ground amid the renewed US Dollar (USD) demand.

GBP/USD moves below 1.3150 as traders expect BoE rate cut in December
GBP/USD extends its losses for the second successive day, trading around 1.3140 during the Asian hours on Wednesday. The pair depreciates as the Pound Sterling (GBP) struggles amid growing expectations that the Bank of England (BoE) will cut interest rates in December.

Gold consolidates near three-week high as risk-on mood offsets dovish Fed bets
Gold (XAU/USD) is seen hovering near a three-week high during the Asian session on Wednesday, with bulls awaiting a move beyond the $4,150-4,155 horizontal barrier before positioning for any further appreciating move.

EUR/USD remains near 1.1600 as ECB holds steady, Fed easing eyed
EUR/USD remains steady after five days of gains, trading around 1.1580 during the Asian hours on Wednesday. The pair may continue its winning streak as the Euro (EUR) could further gain amid a cautious tone surrounding the European Central Bank (ECB) policy outlook.

RBA's Hauser: Our best guess is monetary policy is still restrictive
Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser said on Wednesday, "Our best guess is the monetary policy is still restrictive, the committee is debating this."

USD/CAD holds gains above 1.4000 as US government shutdown nears end
USD/CAD edges higher after three days of losses, trading around 1.4010 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) gains support from the ongoing process to reopen the United States (US) government.

WTI trades with mild gains above $60.50 on hopes of US government reopening
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.85 during the Asian trading hours on Wednesday. The WTI trades with mild gains amid renewed investor confidence after a US government deal.

Japanese Yen languishes near multi-month low against USD amid BoJ uncertainty
The Japanese Yen (JPY) continues its struggle to attract any meaningful buyers during the Asian session on Wednesday and languishes near the lowest level since February 13, touched against its American counterpart the previous day.

US Dollar Index posts modest gains near 99.50 amid hopes of end to US shutdown
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a positive note around 99.55 during the Asian trading hours on Wednesday. The DXY edges higher amid hopes for the end of the US government shutdown.

Australian Dollar declines as US Dollar gains amid nearing government shutdown end
The Australian Dollar (AUD) weakens against the US Dollar (USD) on Wednesday, extending its losses for the second successive session. The AUD/USD pair declines as the US Dollar (USD) gains support from the ongoing process to reopen the United States (US) government.

PBOC sets USD/CNY reference rate at 7.0833 vs. 7.0866 previous
The People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Wednesday at 7.0833 compared to the previous day's fix of 7.0866 and 7.1141 Reuters estimate.
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy