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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.
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.
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