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EUR: Quietly bid on the day - ING
It did not take a lot for EUR/USD to push through last week's 1.1720 high, a move we had not been expecting, ING's FX analyst Chris Turner notes.
China developer survey: Tier 3 cities left behind - Standard Chartered
CDSI retreated to 48.7 in H2 mainly due to a sharp sentiment deterioration in Tier 3 cities. Developers in Tier 1 and 2 cities remain optimistic on sales and new home prices in these cities in H2.
Silver Price Forecast: XAG/USD stalls below $39.40 long-term highs amid higher appetite for risk
Silver (XAG/USD) is trading within a tight range at multi-year highs above $39.15 in the early European session on Wednesday.
Dow Jones futures rise in response to positive developments on trade negotiations
Dow Jones Futures rises ahead of the US market opening on Wednesday, trading around 44,850, up by 0.32%, during European hours. Meanwhile, S&P 500 Futures are up by 0.28% to 6,360, and Nasdaq 100 Futures appreciate 0.13% to trade near 23,250.
Forex Today: Mood improves as US reaches trade deal with Japan
Here is what you need to know on Wednesday, July 23:
EUR/USD retreats from highs amid a stronger US Dollar, tariff deadline fears
The EUR/USD pair is trading lower on Wednesday, giving away some gains following a 1.3% rally over the last three days.
US Dollar Index Price Forecast: Remains steady near 97.50, nine-day EMA barrier
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining steady after three days of losses and trading around 97.40 during the early European hours on Wednesday.
EUR/JPY holds above 172.00 after the US-Japan deal, PM Ishiba's resignation
The Euro retreated from 172.65 against the Yen ahead of the European session opening, but has been contained above 172.00, as the JPY whipsaws on the back of the trade deal with the US and the resignation of Prime Minister Shigeru Ishiba.From a wider perspective, the pair seems to be losing steam af
Pound Sterling holds onto gains against USD despite US-Japan trade deal
The Pound Sterling (GBP) clings to gains near 1.3520 against the US Dollar (USD) during the European trading session on Wednesday.
WTI wobbles above $65 ahead of EIA inventory data
West Texas Intermediate (WTI), futures on NYMEX, trades in a tight range around $65.30 during the European trading session on Wednesday. The Oil price consolidates as investors await the weekly crude Oil inventory data, reported by the United States' (US) Energy Information Administration (EIA).
NZD/USD rises to above 0.6000 amid trade optimism
The NZD/USD pair gathers strength to around 0.6025 during the early European session on Wednesday.
Japan's Ishiba says he didn't discuss his resignation at all
Japanese Prime Minister Shigeru Ishiba said on Wednesday that he did not discuss his resignation at all, adding that there was absolutely no truth to media reports about his intention.
FX option expiries for Jul 23 NY cut
FX option expiries for Jul 23 NY cut at 10:00 Eastern Time via 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.
EUR/GBP Price Forecast: Positive view prevails above 0.8670, traders await ECB rate decision
The EUR/GBP cross attracts some sellers to near 0.8670 during the early European session on Wednesday.
GBP/JPY Price Analysis: Tests 199.00 after breaking above nine-day EMA
GBP/JPY has retraced its recent losses, trading around 198.80 during the Asian hours on Wednesday. A look at the daily chart suggested the currency cross is moving upwards within an ascending channel pattern, suggesting a persistent bullish bias.
BoJ's Uchida: US-Japan trade agreement is a big progress, helps reduce uncertainty
Bank of Japan Deputy Governor Shinichi Uchida said on Wednesday that the trade deal between the United States (US) and Japan is a big step forward and it helps reduce uncertainty for Japan's firms, per Reuters.
USD/CHF trades weakly near 0.7940 even as US signs more trade deals
The USD/CHF seems vulnerable near an over two-week low around 0.7940 during the late Asian trading session on Wednesday. The Swiss Franc pair faces selling pressure as the US Dollar (USD) underperforms despite Washington announcing that it has signed trade deals with Japan, and Philippines.
USD/CAD Price Forecast: Hangs near two-week low, seems vulnerable around 1.3600
The USD/CAD pair enters a bearish consolidation phase during the Asian session and oscillates in a narrow trading band around the 1.3600 mark, near a two-week low touched earlier this Wednesday.
USD/INR refreshes monthly high on consistent FIIs selling of Indian equities
The Indian Rupee (INR) declines to its lowest level in a month against the US Dollar (USD) at open on Wednesday. The USD/INR pair jumps to near 86.55 even as the US Dollar underperforms its Group of Seven (G7) peers, suggesting significant weakness in the Indian Rupee.
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