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WTI rises to near $65.50 as crude inventories drop, tariff fears may cap gains
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $65.50 during the early Asian trading hours on Thursday. The WTI drifts higher, snapping the three-day losing streak, as US crude oil inventories post a weekly draw.
USD/CAD trades with mild gains above 1.3650, US Retail Sales in focus
The USD/CAD pair trades with mild gains around 1.3685 during the early Asian session on Thursday. The reduced bets on Bank of Canada (BoC) interest rate cuts provide some support to the Canadian Dollar (CAD).
GBP/USD snaps losing streak as fresh Greenback weakness reverses market flows
GBP/USD saw renewed gains on Wednesday, snapping an eight-session losing streak as Cable bidders pump the brakes on an extended backslide.
Silver Price Forecast: XAG/USD holds near $38.00 as bullish momentum builds
Silver price advances as Thursday's North American session begins, up by 0.07% after printing gains of over 0.50% on Wednesday, courtesy of weaker-than-expected data that pushed precious metals higher. At the time of writing, XAG/USD is trading at $37.90, which is below the $38.00 figure.
US President Donald Trump says India trade agreement is close, Europe deal possible - Reuters
US President Donald Trump said late Wednesday that his administration was very close to a trade agreement with India and a deal could be reached with Europe, per Reuters
Fed's Williams: Current moderately restrictive monetary policy is appropriate
Federal Reserve Bank of New York President John Williams said late Wednesday that monetary policy is in the right place to allow the Fed to monitor the economy before taking its next decision, per Reuters. Williams added that the impact of trade tariffs is only just starting to hit the economy.
EUR/USD rebounds as Trump threatens Fed's independence, soft PPI weighs on USD
The EUR/USD holds to earlier gains of 0.25% on Wednesday after US President Donald Trump threatened to remove the Federal Reserve (Fed) Chair Jerome Powell. This, along with a softer-than-expected inflation report on the producer side, capped the Euro's advance versus the US Dollar.
Australia unemployment rate expected to hold steady in June
Australia is set to release the June employment report on Thursday at 1:30 GMT. The Australian Bureau of Statistics (ABS) is expected to announce that the country added 20,000 new job positions in the month, reversing the 2,500 lost positions announced in May.
Forex Today: UK labour market report and US Retail Sales take centre stage
The Greenback halted its multi-day uptrend on Wednesday, coming under renewed selling pressure in response to rumours (later dismissed) that President Trump could fire Chief Powell any time soon.
AUD/JPY eases from six-month high as Yen strengthens across the board
The Australian Dollar (AUD) is retreating against the Japanese Yen (JPY) on Wednesday as the Yen strengthens broadly against major currencies. After rising steadily since last week, the AUD/JPY pair is now down over 1% from Tuesday's six-month high of 97.43, a level last seen on January 28.
Canadian Dollar grapples with volatile Greenback as Trump steps up Powell attacks
The Canadian Dollar (CAD) whipsawed on Wednesday, tossed around tumultuous sentiment seas as the US Dollar (USD) grapples with ongoing political volatility from the Trump administration.
Fed Beige Book warns of flat or weakening activity throughout measured districts
The latest Federal Reserve (Fed) Beige Book, a summary of interviews with businesses, economists, and market experts, revealed that although business activity remains healthy overall and inflationary pressures remain on the subdued side, pressures are still building in the background and business op
GBP/JPY retreats as rising UK inflation and upbeat Retail Sales fail to push prices to recent highs
The British Pound (GBP) is retreating against the Japanese Yen (JPY) on Wednesday after another failed attempt from bulls to push prices above the 200.00 psychological level.
Gold rises on Fed-Trump drama, soft PPI and Israel strikes
Gold price rose during the North American session by 0.78%, helped by US President Donald Trump's comments on firing Federal Reserve (Fed) Chair Jerome Powell, despite his denials of the remarks, saying it is highly unlikely to fire him unless there is fraud.
EUR/JPY edges lower after marking fresh yearly high
The Euro (EUR) is trading slightly lower against the Japanese Yen (JPY) on Wednesday, breaking a three-day winning streak, as the Yen strengthens broadly across major currencies.
WTI retreats as OPEC+ supply rise outweighs EIA inventory draw
WTI Crude Oil is trading under pressure despite a larger-than-expected draw in US Crude inventories on Wednesday, as rising supply and demand concerns continue to limit the upside move. At the time of writing, WTI is trading at $65.14.
Dow Jones Industrial Average pulls back after Trump targets Fed Chair Powell
The Dow Jones Industrial Average (DJIA) rose early Wednesday after United States (US) Producer Price Index (PPI) inflation remained on the cooler side, bolstering market confidence in a Federal Reserve (Fed) rate cut sooner rather than later.
USD/JPY retreats as Trump-Powell tensions cap gains
The Japanese Yen (JPY) is attempting to recover a portion of recent losses against the US Dollar (USD) on Wednesday expectations that US President Donald Trump would fire Federal Reserve (Fed) Chair Jerome Powell heated up and then died down.
EUR/USD gains ground after Trump hints at firing Fed Chair Powell
The Euro jumps against the US Dollar on Wednesday, with EUR/USD surging to 1.1721 after reports emerged that US President Donald Trump asked a group of House Republicans whether he should fire Federal Reserve (Fed) Chair Jerome Powell.
EUR/USD recovers with trade talks and Fed independence in focus
The Euro (EUR) is strengthening against its US Dollar (USD) counterpart on Wednesday, as traders shift focus to concerns surrounding the potential replacement of Federal Reserve (Fed) Chair Jerome Powell.
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