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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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USD: FX quiet into Wednesday's ADP & FOMC - Scotiabank

FX markets are relatively quiet with limited movement across all of the G10 currencies as we head into Wednesday's NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

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USD/CHF holds gains above 0.8040 with US GDP and the Fed on tap

The US Dollar's reversal from one-month highs at 0.8075 against the Swiss Franc has been contained above 0.8040, with the pair consolidating gains after a 1.75% rally over the last three days.

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USD/JPY faces slight selling pressure ahead of Fed-BoJ policy announcements

The USD/JPY pair edges down to near 148.00 during the European trading session on Wednesday. The pair faces a slight selling pressure ahead of the Federal Reserve's (Fed) monetary policy decision at 18:00 GMT.

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USD/CNH must close above 7.1910 for a continued advance - UOB Group

Upward momentum is building, but for a continued advance, US Dollar (USD) must first close above 7.1910, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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USD: Fed set to leave all options open - MUFG

The US Dollar (USD) has advanced further in the FX markets and after the biggest gain on Monday (1.0%) since mid-May, the dollar has advanced by a further modest 0.25%.

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US Dollar Index (DXY) rally stalls right below 99.00 ahead of US GDP, Fed's decision

The US Dollar consolidates gains on Wednesday, following a four-day rally, as a series of trade deals between the US and key partners and relatively upbeat data have provided support ahead of a slew of key macroeconomic releases in the second half of the week.The USD Index, which measures the Greenb

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USD/JPY has a chance to rise toward 149.20 - UOB Group

The current price movements are likely part of a 147.85/148.75 consolidation phase. In the longer run, price action indicates that USD could rise toward 149.20, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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AUD/USD struggles around 0.6500 as Australian inflation cools down, Fed policy awaited

The AUD/USD pair falls to near 0.6500 during the European trading session on Wednesday. The Aussie pair faces selling pressure as the Australian Dollar (AUD) weakens, following the release of the Australia Consumer Price Index (CPI) data for the second quarter of the year and June.

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EUR: Still plenty of uncertainties - MUFG

The European Commission yesterday published an EU-US trade deal outline explaining some of the key elements. The piece interestingly refers to the 'political agreement' reached and not an economic one or even a trade agreement.

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Federal Reserve set to leave interest rates unchanged as uncertainty clouds economic outlook

The United States (US) Federal Reserve (Fed) will announce its interest rate decision and publish the policy statement following the July policy meeting on Wednesday.

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NZD/USD: Likely to trade in a sideways range of 0.5940/0.597 - UOB Group

New Zealand Dollar (NZD) is likely to trade in a sideways range of 0.5940/0.5975 against US Dollar (USD). In the longer run, upward momentum has faded; tentative increase in downward momentum may lead to NZD declining to 0.5940, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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AUD/USD: Signs of building downward momentum - UOB Group

Australian Dollar (AUD) is likely to trade in a range between 0.6500 and 0.6540 against US Dollar (USD).

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Silver price today: Silver falls, according to FXStreet data

Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data.

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AUD: Good enough - Commerzbank

In the minutes of the last meeting of the Reserve Bank of Australia, the monetary policy committee highlighted two economic factors in particular that will influence the interest rate decision at the next meeting in August: the labour market and inflation.

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