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USD: Data and Trump help the dollar - ING
Yesterday, we noted that the dollar needed some positive data surprises to regain firmer footing, and May's consumer confidence figures delivered.
European Gas rally pauses amid Norwegian outages - ING
The rally in European natural gas took a breather yesterday, with the Title Transfer Facility (TTF) settling 0.66% lower on the day, ING's commodity experts Ewa Manthey and Warren Patterson note.
NZD/USD recovery loses steam at 0.5980
The New Zealand Dollar is paring some losses on Wednesday after having lost more than 1% on Tuesday. A hawkish RBNZ statement has provided some support to the Kiwi, but the overall USD strength is limiting upside attempts.The bank trimmed rates by 0.25% earlier today, to 3.25% as widely expected.
SEK softens despite EU optimism - ING
The Swedish krona has started the week on the softer side against the Euro, ING's FX analyst Francesco Pesole notes
EUR/USD: Rising wedge on the charts - OCBC
Euro (EUR) fell on softer than expected French CPI, signs of progress on EU-US trade talks and broad US Dollar (USD) short covering. Pair was last at 1.1321, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EUR/USD: Expected to consolidate between 1.1305 and 1.1375 - UOB Group
Euro (EUR) is expected to consolidate between 1.1305 and 1.1375 against US Dollar (USD). In the longer run, upward momentum has mostly dissipated; EUR is likely to trade in a 1.1255/1.1420 range for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Oil: Sanction risks grow - ING
Crude oil prices came under pressure yesterday, with USD strength providing some headwinds for the market, ING's commodity experts Ewa Manthey and Warren Patterson note.
EUR: 1.13 remains the anchor - ING
The euro has held up better than most G10 currencies, helped by positive headlines about EU-US trade negotiations, ING's FX analyst Francesco Pesole notes.
US Dollar Index steadies near 99.50 ahead of FOMC Meeting Minutes
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is steadying after registering more than 0.50% gains in the previous session. The DXY is trading around 99.60 during the European hours on Wednesday.
EUR/USD retreats to 1.1300, with the Dollar buoyed by good US data
EUR/USD is trading lower, around 1.1306 at the time of writing, for the second consecutive day in the early European session on Wednesday.
GBP/JPY Price Forecast: Sees more upside above 196.50
The GBP/JPY pair corrects to near 194.50 during European trading hours on Wednesday after refreshing an almost two-week high around 195.60 the previous day. The pair faces selling pressure as the Pound Sterling (GBP) underperforms after a strong run-up in the past few trading days.
WTI holds gains above $61.00 as US bars Chevron from exporting Venezuelan Oil
West Texas Intermediate (WTI) Oil price edges higher after registering losses in the previous session, trading around $61.10 per barrel during the European hours on Wednesday.
ECB survey: Eurozone Consumer Inflation Expectations stretch to 3.1% over next 12 months in April
The latest monthly Consumer Expectations Survey by the European Central Bank showed on Wednesday that Eurozone inflation is likely to trend higher for the year ahead in April.
Pound Sterling extends losses against US Dollar as trade concerns ease
The Pound Sterling (GBP) extends its correction to near 1.3460 against the US Dollar (USD) during European trading hours on Wednesday.
Forex Today: US Dollar extends recovery ahead of FOMC Minutes
Here is what you need to know on Wednesday, May 28:
Silver Price Forecast: XAG/USD rebound stalls above $33.00, keeps moving in range
Silver prices (XAG/USD) are posting moderate losses on Wednesday, weighed by the upbeat market sentiment, which is undermining demand for safe assets, and a firmer US Dollar.The Greenback is trading higher across the board, on the back of easing trade tensions, after Trump's decision to delay tariff
EUR/GBP holds below 0.8400 ahead of German employment data
The EUR/GBP cross trades with mild gains around 0.8390 during the early European session on Wednesday. The Euro (EUR) strengthens against the Pound Sterling (GBP) amid the de-escalation of trade tensions between the European Union (EU) and the United States (US).
FX option expiries for May 28 NY cut
FX option expiries for May 28 NY cut at 10:00 Eastern Time vi a DTCC can be found below.
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $60.92 per barrel, up from Tuesday's close at $60.89.
USD/CHF gains traction above 0.8250 as traders await FOMC Minutes
The USD/CHF pair gains ground to near 0.8285 during the early European session on Wednesday. Better-than-expected US Consumer Confidence data and improved risk sentiment provide some support to the US Dollar (USD).
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