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ECB's Nagel: Politics with a steady hand required on monetary policy amid tariff turmoil
European Central Bank (ECB) policymaker and Bundesbank President Joachim Nagel said in a Handelsblatt interview published late Tuesday, "'politics with a steady hand' is currently required to deal with the uncertainty unleashed by US President Donald Trump's latest tariff threat"
EUR/GBP pares gains above 0.8650 after hotter UK CPI inflation data
The EUR/GBP cross trades in positive territory near 0.8675 during the early European session on Wednesday. However, the Pound Sterling (GBP) recovers some lost ground against the Euro (EUR) after the UK Consumer Price Index (CPI) inflation report.
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Wednesday, early in the European session. WTI trades at $65.64 per barrel, down from Tuesday's close at $65.66.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $68.24 after its previous daily close at $68.30.
WTI trades with caution below $66.00 on persisting global trade uncertainty
West Texas Intermediate (WTI), futures on NYMEX, trades cautiously around $65.70 during the late Asian trading session on Wednesday. The Oil price oscillates close to near the weekly low as investors remain uncertain over the energy demand amid persistent global trade tensions.
AUD/JPY sticks to gains above 97.00, close to multi-month high set on Tuesday
The AUD/JPY cross attracts fresh buyers during the Asian session on Wednesday and steadily climbs back closer to its highest level since late January touched the previous day.
FX option expiries for Jul 16 NY cut
FX option expiries for Jul 16 NY cut at 10:00 Eastern Time via DTCC can be found below.
USD/CAD Price Forecast: Stabilizes above 20-day EMA after US-Canada CPI data
The USD/CAD pair trades quietly close to the two-week high around 1.3720 during the Asian trading session on Wednesday.
USD/CHF treads water above 0.8000 as US Dollar holds ground due to market caution
USD/CHF continues its winning streak for the third successive session, trading around 0.8020 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) remains stable, traders adopt caution ahead of the upcoming US Producer Price Index (PPI) later on Wednesday.
EUR/JPY Price Forecast: Remains bullish above 173.00, overbought RSI warrants caution for bulls
The EUR/JPY cross gains momentum to around 173.10 during the Asian trading hours on Wednesday. The Japanese Yen (JPY) softens against the Euro (EUR) as traders reduce bets for an immediate interest rate hike by the Bank of Japan (BoJ) due to concerns over the economic fallout from higher US tariffs.
GBP/USD trades with positive bias below 1.3400, remains close to multi-week low ahead of UK CPI
The GBP/USD pair ticks higher during the Asian session on Wednesday, though it lacks follow-through buying and remains below the 1.3400 round-figure mark.
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Wednesday, according to data compiled by FXStreet.
USD/INR rises at open as tariff-driven inflation strengthens US Dollar
The Indian Rupee (INR) opens on a negative note against the US Dollar (USD) on Wednesday.
EUR/USD rebounds from 1.1600 despite market caution ahead of US PPI data
EUR/USD halts its five-day losing streak, trading around 1.1610 during the Asian hours on Wednesday. The pair appreciates despite the stable US Dollar (USD), driven by traders' caution ahead of the upcoming US Producer Price Index (PPI) later on Wednesday.
Gold price advances to $3,335 area; lacks bullish conviction amid reduced Fed rate cut bets
Gold price (XAU/USD) edges higher during the Asian session on Wednesday and reverses a part of the overnight downfall to a multi-day low, though it lacks follow-through buying.
Silver Price Forecast: XAG/USD appreciates toward $38.00 due to tariff uncertainty
Silver price (XAG/USD) gains ground after registering losses in the previous two sessions, trading around $37.80 per troy ounce during the Asian hours on Wednesday. The safe-haven demand for Silver grows amid uncertainty from tariffs.
Japanese Yen remains vulnerable near multi-month low against USD
The Japanese Yen (JPY) hit a fresh low since April against its American counterpart during the Asian session on Wednesday, with the USD/JPY bulls now awaiting a sustained strength beyond the 149.00 mark before placing fresh bets.
US Dollar Index loses ground to near 98.50, US PPI data in spotlight
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, loses traction to 98.55 during the Asian trading hours on Wednesday.
China's Vice Premier He: China is stepping up efforts to boost consumption
Chinese Vice Premier He Lifeng said on Wednesday that officials are stepping up efforts to boost consumption to shore up the Chinese economy.
The Australian Dollar rises on renewed optimism, US PPI data awaited
The Australian Dollar (AUD) advances against the US Dollar (USD) on Wednesday, halting its three-day losing streak. The AUD/USD pair appreciates as the US Dollar edges lower amid renewed optimism, driven by US President Donald Trump's willingness to further engage in trade discussions.
UK CPI expected to remain steady in June, still above BoE target
The United Kingdom (UK) June Consumer Price Index (CPI) is scheduled for release on Wednesday at 06:00 GMT. The report, released by the Office for National Statistics (ONS), is closely watched amid the potential impact of inflation data on the Bank of England (BoE) monetary policy decisions.
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