Show:
NZD/USD Price Forecast: Aims to extend upside towards 0.6000
The NZD/USD pair trades 0.22% higher around 0.5940 during the European trading session on Wednesday. The Kiwi pair gains as antipodeans outperforms its peers, following an upbeat market mood.
Gold rebounds above $3,650 ahead of US PPI inflation report
Gold (XAU/USD) edges up on Wednesday following a sharp reversal the previous day, with the metal soaring to an all-time high near $3,675 before retreating to settle at around $3,625.
JPY: Markets assess political developments and BoJ outlook - Scotiabank
The Japanese Yen (JPY) is trading flat against the US Dollar (USD) and consolidating in an incredibly tight range as market participants await Friday's industrial production data, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD/CAD ticks up above 1.3850 with all eyes on the US PPI report
The US Dollar is trading higher for the second consecutive day against the Canadian Dollar.
GBP flat ahead of data later this week - Scotiabank
The Pound Sterling (GBP) is entering Wednesday's NA session with a marginal gain vs. the USD as it consolidates in a tight range just above 1.3500, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
EUR steady ahead of Thursday's ECB - Scotiabank
The Euro (EUR) is entering Wednesday's NA session flat against the US Dollar (USD) and also unchanged from Friday's close, having relinquished much of its gains observed earlier in the week, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
CAD fails to take advantage of softer USD tone - Scotiabank
The Canadian Dollar (CAD) is trading marginally lower in overnight trade but is holding a tight range around the 1.3850 point, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
AUD/USD rallies toward July highs after upbeat data - Rabobank
The Australian Dollar (AUD) climbed near July highs as stronger-than-expected GDP and household spending data cast doubt on further RBA rate cuts this year.
USD slips back, CAD underperforms - Scotiabank
The US Dollar (USD) shrugged off the larger-than-expected downward revision to US jobs data with some ease yesterday, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD/JPY wobbles around 147.50 ahead of US producer inflation data
The USD/JPY pair trades in a tight range around 147.50 during the European trading session on Wednesday. The pair consolidates as investors await the United States (US) Producer Price Index (PPI) data for August, which will be published at 12:30 GMT.
Gold Price Forecast: XAU/USD holds above $3,620, on a soft USD, geopolitical tensions
Gold keeps trading higher on Wednesday despite its overstretched condition and technical signals anticipating a bearish correction. The weak US Dollar, amid rising bets of Fed easing and rising geopolitical tensions in Europe and the Middle East, keeps Bullion's safe-haven appeal intact.
USD/CNH: Likely to trade in a range between 7.1160 and 7.133 - UOB Group
US Dollar (USD) is likely to trade in a range between 7.1160 and 7.1330. In the longer run, downward bias is building, but USD must first close below 7.1100 before a sustained decline can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/JPY: Expected to trade in a range - UOB Group
US Dollar (USD) is expected to trade in a range, most likely between 147.00 and 148.00. In the longer run, outlook remains mixed; USD is now expected to trade in a range of 146.00/149.00, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZD/USD: Likely to consolidate between 0.5895 and 0.594 - UOB Group
New Zealand Dollar (NZD) is likely to consolidate between 0.5895 and 0.5945. In the longer run, price action indicates NZD is likely to continue to rise, but it remains to be seen if the major resistance at 0.5990 is within reach, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUD/USD may revisit the year-to-date high of 0.6625 - UOB Group
The current price movements are likely part of a 0.6560/0.6605 consolidation range. In the longer run, rapid improvement in upward momentum indicates that AUD may revisit the year-to-date high of 0.6625, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/CNH heavy near 7.12, eyes 7.10 support - BBH
The Chinese Yuan (CNH) is testing key support as mixed August inflation data highlights China's struggle with deflation. Analysts see scope for gradual currency appreciation to boost household spending and support growth, BBH FX analysts report.
GBP/USD: Current price movements are likely part of a broad range - UOB Group
Slight increase in downward momentum is likely to lead to Pound Sterling (GBP) trading in a lower range of 1.3485/1.3560. In the longer run, the current price movements are likely part of a broad range between 1.3430 and 1.3595, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD, yields rebound despite steep US jobs revision - BBH
USD and 2-year Treasury yields rebounded yesterday despite confirmation of a sharp slowdown in US labor demand. The Bureau of Labor Statistics (BLS) preliminary benchmark revisions to net payroll growth was larger than expected.
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.
EUR/USD: Scope to test 1.1690 before stabilisation is likely - UOB Group
Pullback in Euro (EUR) has scope to test 1.1690 before stabilisation is likely; major support at 1.1650 is not expected to come under threat.
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy