Show:
EUR consolidates around 1.16 - Scotiabank
The Euro (EUR) is quietly consolidating in a tight range around 1.16, trading just below Tuesday's fresh multi-year high that reached levels last seen in September 2021.
CAD little changed on the day - Scotiabank
The Canadian Dollar (CAD) is little changed on the session. In line with expectations CPI data, reflecting a marginal easing in core pressures, does no move the needle for the BoC policy outlook in the short run, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD consolidates as geo-political risks recede - Scotiabank
The US Dollar (USD) is a little firmer overall on the day so far but its broader performance only reflects a consolidation in this week's sharp losses.
Gold Price Forecast: XAU/USD stays below 20-day EMA on broader risk-on rally
Gold price (XAU/USD) consolidates around $3,325 during European trading hours on Wednesday.
AUD: All clear on inflation - Commerzbank
Australia also reported its monthly inflation figures this morning, Commerzbank's FX analyst Volkmar Baur notes.
USD/JPY recovery extends beyond 145.50 with BoJ's tightening plans into question
The US Dollar firmed up on Wednesday, as the market ponders the durability of the Middle East ceasefire, while the Yen declined across the board as the BoJ's Summary of Opinions suggests that the bank might leave its monetary tightening plans in the drawer for some time.
Powell hearing brings little new information - Commerzbank
Yesterday's eagerly awaited semi-annual hearing of Fed Chairman Jerome Powell before the US House of Representatives revealed little that was new.
Canadian inflation remains acceptably low - Commerzbank
Yesterday's Canadian inflation figures were broadly in line with expectations, with the only deviation being the non-seasonally adjusted month-on-month headline rate, which was slightly higher than expected, Commerzbank's FX analyst Michael Pfister notes.
USD/CNH: Any decline is unlikely to reach 7.1450 - UOB Group
Room for US Dollar (USD) to continue to edge lower against Chinese Yuan (CNH), but any decline is unlikely to reach 7.1450. In the longer run, there has been a tentative buildup in momentum; USD is likely to edge lower toward 7.1450, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/CNH pressures key 7.16 support - Société Générale
USD/CNH remains under pressure after surrendering its 50-DMA in May, with bearish momentum persisting. The pair is testing key support at 7.16, and a decisive break lower could open the door to deeper losses toward 7.13 and 7.10, Société Générale's FX analysts note.
USD/JPY: Set to retest 144.50 before a more sustained recovery - UOB Group
There is a chance for US Dollar (USD) to retest 144.50 before a more sustained recovery can be expected. In the longer run, USD appears to have moved into a range trading phase between 143.50 and 146.50, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
US Dollar Index (DXY) returns above 98.00 as investors digest the Middle East truce
The US Dollar is trading with minor gains on Wednesday, trimming losses after a nearly 1.30% decline on the previous two days.
AUD/USD: Taking cues from USD, risk sentiment - OCBC
Australian Dollar (AUD) slipped modestly in early trade after May CPI came in lower at 2.1% y/y (vs. expectations of 2.3%). AUD was last seen at 0.65 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
NZD/USD: Expected to trade in a range - UOB Group
New Zealand Dollar (NZD) is expected to trade in a range against US Dollar (USD), most likely between 0.5975 and 0.6040.
AUD/USD wobbles around 0.6500, soft Australian CPI pave way for interest rate cuts
The AUD/USD pair trades in a tight range around 0.6500 during the European trading session on Wednesday.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data.
USD/JPY: Decline finds support at 21, 50 DMAs - OCBC
USD/JPY turned lower, tracking the dip in UST yields (on dovish Fed rhetoric) while oil prices hold losses (as geopolitical tensions in Middle East subsided for now). USD/JPY was last at 145.62 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Switzerland expects US tariffs to remain at the current rate of 10% after July 9 - Bloomberg
Bloomberg cited Switzerland's government officials, stating that they "expect US tariffs to remain at the current rate of 10% after the 90-day grace period ends on July 9."
AUD/USD: Expected to trade in a sideways range of 0.6465/0.6515 - UOB Group
Australian Dollar (AUD) is expected to trade in a sideways range of 0.6465/0.6515 against US Dollar (USD). In the longer run, current price movements are likely part of a broad range trading phase between 0.6385 and 0.6555, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Gold prices fall after the Iran-Israel ceasefire - ING
In precious metals, Gold prices fell yesterday by more than 1% to $3,324/oz as both Israel and Iran reportedly upheld the ceasefire agreement after some earlier confusion and the intervention of the US president, ING's commodity experts Ewa Manthey and Warren Patterson note.
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