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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.
GBP/USD: Likely to trade in a range of 1.3555/1.3655 - UOB Group
Upward momentum has slowed somewhat, but instead of pulling back, Pound Sterling (GBP) is likely to trade in a range of 1.3555/1.3655 against US Dollar (USD).
LME Copper squeeze - ING
Copper continues to rise on the LME for a fourth day as tight supply remains in focus. , ING's commodity experts Ewa Manthey and Warren Patterson note.
DXY: Hold losses for now - OCBC
US Dollar (USD) drifted lower, on softer-than-expected US consumer confidence and in response to Fed Chair's comments overnight.
USD: Powell's bullet dodged, at least partly - ING
Geopolitical risk has continued to diminish for markets, as the Israeli-Iranian truce has held since yesterday morning.
USD/CAD ticks up from 1.3690 with lower Oil prices hurting the loonie
The broad-based US Dollar's reversal following the announcement of a ceasefire in the Middle East has been hollower against the Canadian Dollar, with downside attempts capped near 1.3700.
Oil edges higher after two-day drop on ceasefire deal - ING
Oil prices rose this morning after a two-day decline, following US President Donald Trump's statement expressing his desire to maintain the flow of oil from Iran. His comments came after he declared a ceasefire between Iran and Israel, following US airstrikes on Iran's nuclear facilities.
EUR/JPY Price Forecast: Rises toward 169.00 near ascending channel's upper boundary
EUR/JPY retraces its recent losses registered in the previous session, trading around 168.80 during the European hours on Wednesday. According to the technical analysis of the daily chart, the currency cross remains within the ascending channel pattern, strengthening the bullish bias.
EUR/USD: Likely to trade between 1.1480 and 1.1660 - UOB Group
Euro (EUR) is unlikely to rise much further against US Dollar (USD), it is more likely to trade in a range of 1.1575/1.1645. In the longer run, EUR is expected to continue to trade in a range; given the increase in volatility, it is now likely to trade between 1.1480 and 1.1660.
US Pres. Trump: Will not allow Iran to enrich uranium
When asked about Iran's plans to enrich Uranium, United States (US) President Donald Trump said that they will not allow that "militarily," as reported by Reuters.
EUR: Testing the big resistance - ING
The EUR/USD rally stalled again in the 1.160-1.165 area and it is plausible markets may require a more compelling macro story (most likely from the US) rather than the mere unwinding of geopolitical risks for a break higher, ING's FX analyst Francesco Pesole notes.
USD/CHF holds position around 0.8050 following Swiss ZEW Survey Expectations
USD/CHF moves sideways after registering approximately 1% losses in the previous session, trading around 0.8050 during the European hours on Wednesday.
EUR/USD clings to gains on US Dollar weakness amid easing geopolitical tensions
The EUR/USD is trading practically flat on Wednesday, just below a multi-year high near 1.1640, last seen in November 2021, consolidating gains after a nearly 1.40% rally in the previous two days.
Silver Price Forecast: XAG/USD is hovering above a key support at $35.50
Silver (XAG/USD) keeps trading back and forth without a clear bias, with technical indicators pointing to an increasing bearish momentum, and a key support area at $35.50, at a short distance.
NZD/USD rises above 0.6000 as US Dollar remains subdued due to dampened safe-haven demand
NZD/USD extends its winning streak for the third successive session, trading around 0.6030 during the early European hours on Wednesday. The pair remains stronger following the trade balance data, released by Statistics New Zealand.
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