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GBP/USD continues to climb as trade deal hopes fuel Greenback declines
GBP/USD climbed on Wednesday, posting strong gains for a third straight day and clawing back toward the 1.3600 handle.
Australia's Judo Bank Manufacturing PMI improves to 51.6 in June, Services PMI rises to 53.8
The preliminary reading of Australia's Judo Bank Manufacturing Purchasing Managers Index (PMI) came in at 51.6 in June versus 50.6 prior, the latest data published by Judo Bank and S&P Global showed on Thursday.
USD/CAD flat lines near 1.3600, traders brace for US PMI/ Canadian Retail Sales data
The USD/CAD pair holds steady near 1.3600 during the early Asian session on Thursday. However, positive sentiment from a new US trade deal could improve the global economic outlook and lift the Canadian Dollar (CAD).
EUR/USD rises as US-EU deal hopes offset trade jitters ahead of ECB's decision
The EUR/USD advanced during the North American session, up 0.16%, as rumors had grown that the United States and the European Union (EU) are about to sign a deal, similar to the one inked between Washington and Tokyo on Tuesday.
Gold falls below $3,400 as US-EU trade deal nears despite US Dollar weakness
Gold price drops below $3,400 on news that the United States (US) and the European Union (EU) are close to signing an agreement, similar to the one signed by Washington and Tokyo on Tuesday. Consequently, the Greenback edges lower, a tailwind for the golden metal.
US-Japan trade agreement pose accidental threat to US auto sector
United States (US) President Donald Trump is racing to secure preliminary trade deals ahead of his own self-imposed tariff deadline of August 1, following a self-imposed delay of President Trump's "liberation day" tariffs that were initially announced in early April.
AUD/USD climbs on improved risk appetite and dampening demand for US Dollar
The Australian Dollar (AUD) is extending its gains against the US Dollar (USD) on Wednesday, supported by renewed global risk appetite and tailwinds from the newly announced US-Japan trade agreement.
NZD/USD gains ground amid easing trade tensions and weaker USD
The New Zealand Dollar (NZD) extends gains for a second straight day against the US Dollar (USD) on Wednesday, as the Greenback remains under pressure amid a modest recovery in risk appetite following somewhat easing global trade tensions.
Forex Today: PMIs draw attention amid expectations of a steady hand from the ECB
President Trump's announcement of a trade deal between the US and Japan and prospects of a potential US-EU agreement weighed on the US Dollar (USD), which added to the persistent ongoing weakness.
Dow Jones Industrial Average rallies on potential trade deals
The Dow Jones Industrial Average (DJIA) caught a strong bid on Wednesday, rising to its highest levels in five months and knocking on the door of fresh all-time highs.
EUR/CHF steady ahead of ECB policy decision, Euro buoyed by optimism around US-EU tariff deal
The Euro (EUR) reverses its intraday losses against the Swiss Franc (CHF) on Tuesday, with the EUR/CHF cross rebounding to trade around 0.9331 during the American trading hours.
US-EU close to tariff deal mirroring Japan pact - Financial Times
Following the US-Japan deal on Tuesday, Washington and Brussels appear close to an agreement that would impose 15% duties on European imports, as reported by a copy of the deal struck with the Asian country via the Financial Times (FT).
USD/JPY edges lower as US-Japan trade deal supports flows to the Yen
USD/JPY is experiencing its third consecutive day of losses on Wednesday as traders reassess positioning in the wake of a newly announced trade agreement between the US and Japan.
GBP/USD rises past 1.3550 as US-Japan trade deal fuels risk-on rally
The GBP/USD rose more than 0.30% on Wednesday, boosted by an upbeat risk appetite following the announcement of the US-Japan trade deal, which increased demand for high-beta currencies like the British Pound and other commodity currencies.
EUR/GBP slips as traders brace for ECB monetary policy decision
The Euro (EUR) weakens against the British Pound (GBP) on Wednesday as investors turn their focus to the European Central Bank (ECB) policy decision due Thursday. The EUR/GBP cross is under pressure, trading around 0.8655 during the American trading hours, down nearly 0.43% on the day.
USD/CAD edges higher as US-Japan trade deal offers support to US Dollar
USD/CAD is trading slightly higher on Wednesday, hovering just above the 1.3600 level, as a US-Japan trade agreement offers the Greenback some short-term relief.
Silver Price Forecast: XAG/USD treads water near multi-year highs amid cautious optimism
Silver (XAG/USD) is treading water on Wednesday after a sharp two-day run to mark fresh multi-year highs. The metal consolidating just below the key $39.50 mark during the American trading hours.
Gold rally pauses as US-Japan deal offers temporary relief, Fed pressure and EU risks linger
Gold (XAU/USD is undergoing a modest pullback on Wednesday, as markets assess the implications of a United States (US)-Japan trade agreement and remain cautious ahead of further developments in the European Union (EU)-US negotiations.
US Dollar steadies as markets weigh US-Japan deal
The US Dollar (USD) steadies on Wednesday after a rough three-day decline. Traders seem to be taking a breather as tensions around global trade ease somewhat after the US and Japan reached a trade deal ahead of the looming August 1 tariff deadline.
AUD/JPY pulls back from intra-day highs at 96.65, despite the favourable risk sentiment
The Australian Dollar is one of the strongest performers in a risk-off session on Wednesday and is trading higher against the safe-haven Japanese Yen.
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