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Gold slips below $3,300 after Fed holds rates not unanimously

Gold Price extends its losses on Wednesday after the Federal Reserve's held interest rates unchanged though not unanimously as two dissenters, being Fed Governor Christopher Waller and Michelle Bowman. The XAU/USD traded volatile hoovering near $3,300 yet it remains down 0.71%.

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USD/JPY trades near three-week high on strong US data, Fed keeps rates unchanged at 4.50%

The Japanese Yen (JPY) weakens further against the US Dollar (USD) on Wednesday as the Greenback extends its rally for the fifth straight day, buoyed by a string of stronger-than-expected US economic data that reinforced the resilience of the world's largest economy.

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Dow Jones Industrial Average treads water ahead of Fed rate call

The Dow Jones Industrial Average (DJIA) was little changed through the early Wednesday session, trading in a tight circle around 44,600 ahead of the Federal Reserve's (Fed) latest interest rate decision.

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Silver Price Forecast: XAG/USD tests key support at $37.50 ahead of Fed decision

Silver (XAG/USD) drifts lower on Wednesday, hovering around $37.50 after two days of muted, range-bound trading, pressured by renewed strength in the US Dollar (USD). The Greenback extended its rally after a string of stronger-than-expected US economic data, putting pressure on precious metals.

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EUR/GBP slips as US-EU trade deal lifts Dollar, BoE cut expected

The EUR/GBP extended its losses in the early North American session, down over 0.15% as traders digested trading news between the United States (US) and the European Union (EU).

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Sanctions risk and CTA flows lift oil prices - TDS

WTI and Brent crude rose on sanctions fears and heavy CTA buying, but positioning limits in WTI and rising global supply suggest limited upside. Prices may ease after summer as OPEC+ and US output continue to grow, TDS' Senior Commodity Strategist Daniel Ghali notes.

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Canadian Dollar extends losses as BoC holds rates amid inflation concerns and trade risks

The Canadian Dollar (CAD) extends losses for the fifth consecutive session against the US Dollar (USD) on Wednesday, as the Greenback continues its broad-based rally following stronger-than-expected US economic data.

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AUD/USD awaits US Federal Reserve's decision at fresh July lows

The Australian Dollar (AUD) trades at fresh July lows against its American rival, hovering around 0.6450. The US Dollar (USD) attracted strong buying interest following the release of upbeat macroeconomic figures, ahead of the Federal Reserve (Fed) monetary policy announcement.

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EUR/USD to move higher on a 6-to-12-month view - Rabobank

EUR/USD is struggling to regain its composure after Monday's plunge. EUR/USD has been ripe for some correction, though our 3-month forecast of 1.15 has already been tested today.

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President Trump: The Fed must now lower the rate

President Donald Trump renewed his call on Wednesday for the Federal Reserve to cut interest rates, citing stronger‑than‑expected US economic growth in the April-June period (+3.0%).

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USD/JPY climbs to 149.00 on upbeat US data

Following the bearish action seen earlier in the day, USD/JPY regains its traction and trades at a fresh two-week high at around 149.00 in the American session on Wednesday.

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GBP/USD pierces 1.3300 on US data, Fed takes the spotlight

The GBP/USD pair shed over 60 pips early in the American session on Wednesday and defies the 1.3300 figure, as investors weigh better-than-expected United States (US) data. The Sterling Pound (GBP) held ground throughout the first half of the day, but capitulated to broad US Dollar (USD) demand.

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EUR/USD tumbles to multi-week low as robust US data fuels US Dollar rally

The Euro (EUR) is on the back foot for a fifth straight day against the US Dollar on Wednesday, weighed down by a stronger Greenback and ongoing concerns over the recently announced US-EU trade deal, which many investors see as skewed in Washington's favor.

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CTAs poised to rebuild Gold longs - TDS

Gold appears to have entered a consolidation phase following a period of heavy selling. With CTAs now skewed toward buying, ETF outflows reversing, and macro funds still short, the market setup favors a renewed uptrend in the near term, TDS' Senior Commodity Strategist Daniel Ghali notes.

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US private sector employment rises 104,000 in July vs. 78,000 expected

Private sector employment in the US rose by 104,000 in July, the Automatic Data Processing (ADP) reported on Wednesday. This reading followed the 23,000 decrease (revised from -33,000) recorded in June and came in better than the market expectation for an increase of 78,000.

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Gold steadies as traders await Fed policy decision and US economic data

Gold (XAU/USD) is treading water on Wednesday, hovering near $3,330 during the European trading session. The precious metal is attempting to stabilize after falling to a three-week low of $3,301.90 on Monday.

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Gold Price Forecast: XAU/USD remains bearish, with $3,345 likely to hold bulls  

Gold (XAU/USD) is moving higher on Wednesday, favoured by a somewhat softer US Dollar, as investors trim their recent USD long positions ahead of the US Preliminary GDP release and the Fed monetary policy decision, due later today.

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EUR trading defensively, despite better data and supportive spreads - Scotiabank

The Euro (EUR) is trading somewhat defensively into Wednesday's NA session, ignoring the release of stronger than expected data with a modest surprise to euro area confidence figures and the Q2 GDP print, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

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Dow Jones futures edge higher ahead of Fed policy, Q2 GDP and tech earnings

Dow Jones futures tick up during the European trading session on Wednesday. The 30-stocks basket edges higher after a two-day decline, with investors awaiting the outcome of the Federal Reserve's (Fed) monetary policy meeting at 18:00 GMT.

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CAD soft into BoC despite expectations for hold - Scotiabank

The Canadian Dollar (CAD) is soft, entering Wednesday's NA session with a marginal decline as market participants look to the 9:45am ET Bank of Canada rate decision, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

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