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Eurozone Retail Sales rise 3.1% YoY in June vs. 2.6% expected

The Eurozone's Retail Sales increased by 3.1% year-over-year in June, following a revised 1.9% growth in May, according to official data released by Eurostat on Wednesday.

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AUD/USD: Bias to buy dips - OCBC

Australian Dollar (AUD) continued to consolidate near recent lows. Pair was last at 0.6491 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

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Oil: Secondary tariff uncertainty lingers - ING

There's still plenty of uncertainty over the US imposing secondary tariffs on buyers of Russian oil. Much of the noise in recent weeks has centred on India facing such tariffs. However, market chatter is growing that China's purchases of Russian oil may come into focus next.

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DXY: Consolidation expected in the interim - OCBC

US Dollar (USD) consolidated near post-NFP lows. DXY was last at 98.80, OCBC's FX analysts Frances Cheung and Christopher Wong note.

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EUR: Fully USD-dependent - ING

The eurozone's July PMIs were revised marginally lower yesterday, but that is hardly meaningful for a market that isn't receiving any input from the euro side.

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Dow Jones futures rise ahead of upcoming corporate earnings reports

Dow Jones futures surge during early European hours, ahead of the market opening in the United States (US) on Wednesday, trading around 44,450, up by 0.51%. Meanwhile, S&P 500 futures advance by 0.47% to 6,350, and Nasdaq 100 futures appreciate 0.34% to trade above 23,200.

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EUR/USD: Watch price action - OCBC

Euro (EUR) consolidated after the choppy move seen post-NFP. Pair was last at 1.1570 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

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Eurozone: Economy holds up better-than-expected in 2Q - UOB Group

The European Union (EU) continues to work with the US to finalise a Joint Statement, as agreed on 27 Jul, when both EU head Ursula von der Leyen and US President Donald Trump struck a deal on tariffs.

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US Dollar Index remains steady near 99.00 ahead of Fedspeak

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining steady after two days of slight gains and trading around 98.80 during the European hours on Wednesday.

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Pound Sterling wobbles as investors await Fed Kugler's replacement, BoE's decision

The Pound Sterling (GBP) trades in a tight range around 1.3300 against the US Dollar (USD) during the European trading session on Wednesday.

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Silver Price Forecast: XAG/USD trades firmly near $38, awaiting new FOMC member

Silver price (XAG/USD) holds onto gains around $38.00 during the European trading session on Wednesday. The white metal trades firmly, while investors await the entry of new member into the Federal Open Market Committee (FOMC) this week.

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WTI surges above $65.00 as traders expect India to reduce Russian Oil imports

West Texas Intermediate (WTI) Oil price halts its four-day losing streak, trading around $65.10 per barrel during the Asian hours on Wednesday. Crude Oil prices gain ground amid rising concerns over potential supply disruptions.

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Forex Today: Investors await comments from Fed officials

Here is what you need to know on Wednesday, August 6:

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NZD/USD gathers strength above 0.5900 ahead of RBNZ Inflation Expectations release

The NZD/USD pair gathers strength to near 0.5920 during the early European session on Wednesday. Increased expectations of a Federal Reserve (Fed) rate cut weigh on the US Dollar (USD). Fed officials are scheduled later on Wednesday, including Susan Collins, Lisa Cook and Mary Daly. 

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EUR/GBP weakens to near 0.8700 after Germany's Factory Orders data

The EUR/GBP cross trades in negative territory around 0.8700 during the early European session on Wednesday. The Euro (EUR) edges lower against the Pound Sterling (GBP) due to weaker Eurozone Purchasing Managers Index (PMI) data.

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German Factory Orders drop 1% MoM in June vs. +1% expected

Germany's Factory Orders unexpectedly dropped in June, suggesting that the country's manufacturing sector downturn extended, according to the official data published by the Federal Statistics Office on Wednesday.

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Crude oil price today: WTI price bullish at European opening

West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $64.87 per barrel, up from Tuesday's close at $64.59.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $67.49 price posted on Tuesday, and trading at $67.82.

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GBP/JPY holds above 196.00 as traders await BoE policy update on Thursday

The GBP/JPY cross attracts some sellers in the vicinity of mid-196.00s during the Asian session on Wednesday and, for now, seems to have stalled the previous day's goodish recovery move from the lowest level since June 19.

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FX option expiries for Aug 6 NY cut

FX option expiries for Aug 6 NY cut at 10:00 Eastern Time via DTCC can be found below.

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USD/INR extends correction as RBI holds Repo Rate at 5.5%, guides neutral stance

The Indian Rupee (INR) gains sharply against the US Dollar (USD) and its other peers on Wednesday as the Reserve Bank of India (RBI) has left key borrowing rates steady. The RBI keeps its Repo Rate on hold at 5.5%, as expected.

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