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AUD/USD: Slight increase in upward momentum - UOB Group
Mild upward pressure suggests AUD could edge higher, but it is unlikely to reach 0.6575. In the longer run, there has been a light increase in upward momentum; AUD could edge higher toward 0.6575, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUD/USD extends four-day winning streak, focus shifts to US-China trade talks
The AUD/USD pair extends its winning streak for the fourth trading day on Wednesday. The Aussie pair jumps to near 0.6580 as the Australian Dollar (AUD) outperforms across the board amid a cheerful market mood.
USD/JPY: Markets are selling rallies - OCBC
This morning, Trump announced he reached a trade deal with Japan, with tariffs on Japanese imports set at 15% while Japan will invest $550bn into the US. Pair was last at 146.43, OCBC's FX analysts Frances Cheung and Christopher Wong note.
GBP/USD: Chance of rising to 1.3575 - UOB Group
Pound Sterling (GBP) is likely to consolidate between 1.3475 and 1.3535 against US Dollar (USD). In the longer run, a clear break above 1.3535 would indicate that GBP could rise to 1.3575, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/JPY trims gains and retreats to 146.60 after the US Japan trade deal
The US Dollar-Yen recovery from 146.25 lows on Tuesday has been short-lived, as the pair was capped at 14715 before giving away previous gains.
HUF: MNB keeps policy tight - Commerzbank
The Hungarian National Bank (MNB) left its policy rate unchanged at 6.50% yesterday and issued a surprise 2pp cut to the reserve requirement ratio (RRR) from 10% to 8%.
HUF: Markets are looking for new impetus - ING
As anticipated, yesterday's meeting of the National Bank of Hungary did not introduce any significant new developments, ING's FX analyst Chris Turner notes.
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.
Yen gains capped by politics - ING
Japanese markets are showing signs of strength, but political uncertainty is capping yen gains. Despite bullish signals from equities and rates, USD/JPY remains stuck near 147, ING's FX analyst Chris Turner notes.
JPY: Deal and possible snap elections - Commerzbank
The Japanese yen is virtually unchanged this morning. However, this is not due to a lack of news. Rather both sides seem to be roughly balancing each other out, Commerzbank's FX analyst Volkmar Baur notes.
Copper eyes $10,000 level again - ING
LME Copper is nearing $10,000/t again, as the metal did earlier this month, on signs of improving demand in China. Prices surged past $9,920/t in yesterday's trading.
USD: Bessent's call for a Fed review - Commerzbank
It was just a brief dip below the 1.16 mark last week. Early this morning, EUR-USD is trading almost 2 cents higher around 1.1740.
EU Gas prices steady - ING
European natural Gas prices steadied after last week's decline, as supply concerns eased with improved Norwegian flows. However, firm price support may still be needed to secure LNG ahead of next winter, Société Générale's FX analysts note.
EUR/USD: Chance to rise above 1.1765 - UOB Group
There is potential for Euro (EUR) to rise above 1.1765 against US Dollar (USD); overbought conditions suggest it might not be able to hold above this level.
USD: Trade deals are good news for risk assets - ING
Equity markets are trading higher around the world on news that President Trump has announced a trade deal between the US and Japan, ING's FX analyst Chris Turner notes.
USD/CHF remains above 0.7900 as US Dollar steadies due to positive trade developments
USD/CHF holds ground after registering losses in the previous three successive sessions, trading around 0.7920 during the European hours on Wednesday. The pair holds ground as the US Dollar (USD) remains steady amid improving market sentiment, driven by latest trade developments.
USD/CAD returns below 1.3600, with YTD lows, at 1.3540 coming into view
The US Dollar extends its decline for the fourth consecutive day, with the Canadian Dollar supported by a brighter market mood, as the trade deal between the US and Japan provided some certainty about the outlook of global trade and boosted hopes of more such deals.USD/CAD has extended its downtrend
Oil surplus and time spreads - ING
Oil prices edged lower yesterday with ICE Brent settling 0.9% lower on the day amid concerns over tariffs, with the 1 August deadline fast approaching.
DXY: Quietly coming off - OCBC
US Dollar (USD) fell further overnight amid continued decline in UST yields. DXY was last at 97.42 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Nikkei breakout holds - Société Générale
The Nikkei 225 has confirmed a bullish breakout above its multi-month range, powered by an inverse head and shoulders pattern. Momentum remains strong, with targets set near last year's highs and beyond, Société Générale's FX analysts note.
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