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US July inflation: Headline a bit under, core a bit over expectations - UOB Group

Headline CPI was restrained by muted food inflation, weaker energy prices, but core CPI inflation picked up to the fastest pace year-to-date, driven by reaccelerating services costs but held back partly by subdued goods inflation, UOB Group's Senior Economist Alvin Liew notes.

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EUR: ZEW confirms poor trade deal reception - ING

The ZEW surveys published yesterday confirmed the poor reception of the US-EU trade deal in the EU. The 'expectations' gauge in Germany is back to 35, in the eurozone to 25, both the lowest since May, ING's FX analyst Francesco Pesole notes.

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Dow Jones futures rise as US inflation data fuels Fed rate cut hopes

Dow Jones futures edged up in early European trading on Wednesday, ahead of the regular United States (US) market open, hovering near 44,600 with a 0.09% gain. S&P 500 futures climbed 0.12% to above 6,450, while Nasdaq 100 futures advanced 0.19%, trading above 23,900.

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AUD/JPY sticks to intraday gains above mid-96.00s amid positive risk tone

The AUD/JPY cross turns positive for the seventh straight day following an intraday dip to the 96.25 region on Wednesday and moves back closer to a one-week high touched the previous day.

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Forex Today: Improving risk mood weighs on US Dollar

Here is what you need to know on Wednesday, August 13:

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GBP/JPY Price Forecast: Sees more upside above 200.00

The GBP/JPY pair trades firmly near the psychological level of 200.00 during the European trading session on Wednesday. The pair revisited the 200.00 level on Tuesday as the Pound Sterling (GBP) strengthened after the release of the United Kingdom (UK) labor market data for three-months ending June.

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Pound Sterling stabilizes ahead of UK GDP as Fed rate cut speculation intensifies

The Pound Sterling (GBP) trades broadly stable against its major peers on Wednesday, in a calm day for markets as investors await the preliminary United Kingdom (UK) Q2 Gross Domestic Product (GDP) data, which will be released on Thursday.

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USD/CAD Price Forecast: Tests confluence support zone around 1.3750

USD/CAD extends its losses for the second successive day, trading around 1.3760 during the early European hours on Wednesday. The technical analysis of the daily chart suggests that the pair consolidates within an ascending channel pattern, suggesting a prevailing bullish bias.

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NZD/USD attracts some buyers above 0.5950 as Fed rate cut bets rise

The NZD/USD pair attracts some buyers to around 0.5970 during the early European session on Wednesday, bolstered by a softer US Dollar (USD). Traders raise their bets that the US Federal Reserve (Fed) will cut its interest rate in the September meeting.

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Crude Oil price today: WTI price bearish at European opening

West Texas Intermediate (WTI) Oil price falls on Wednesday, early in the European session. WTI trades at $62.44 per barrel, down from Tuesday's close at $62.50.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $65.77 after its previous daily close at $65.84.

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EUR/GBP holds positive ground near 0.8650, investors await UK GDP data 

The EUR/GBP cross trades on a stronger note near 0.8650 during the early European session on Wednesday. The Euro (EUR) edges higher against the Pound Sterling (GBP) on potential talks between US President Donald Trump and Russian President Vladimir Putin in Alaska on Friday to end sanctions.

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FX option expiries for Aug 13 NY cut

FX option expiries for Aug 13 NY cut at 10:00 Eastern Time via DTCC can be found below.

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USD/CHF trades cautiously near 0.8060 as US CPI weighs on Greenback

The USD/CHF pair trades with caution around 0.8060 during the late Asian session on Wednesday.

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EUR/JPY climbs to over two-week top, around 173.00 amid notable JPY supply

The EUR/JPY cross prolongs its uptrend for the fourth consecutive day - also marking the sixth day of a positive move in the previous seven - and advances to over a two-week high during the Asian session on Wednesday.

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US Dollar Index loses traction to near 98.00 as traders ramp up Fed cut bets

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades in negative territory near 98.00 during the Asian trading hours on Wednesday.

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GBP/USD steadies around 1.3500 amid rising odds of Fed rate cuts

GBP/USD remains steady after registering 0.5% gains in the previous session, trading around 1.3500 during the Asian hours on Wednesday.

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USD/INR trades flat at open as India's inflation cools

The Indian Rupee (INR) opens on a flat note against the US Dollar (USD) at around 87.75 on Wednesday.

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India Gold price today: Gold steadies, according to FXStreet data

Gold prices remained broadly unchanged in India on Wednesday, according to data compiled by FXStreet.

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Silver Price Forecast: XAG/USD bulls flirt with trend-line resistance around $38.20 area

Silver (XAG/USD) gains positive traction for the second consecutive day and builds on the momentum beyond the $38.00 mark during the Asian session on Wednesday.

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WTI holds gains as OPEC+ raises Oil demand forecast, trims supply outlook

West Texas Intermediate (WTI) Oil price edges higher after registering more than 1% losses in the previous session, trading around $62.50 per barrel during the Asian hours on Wednesday.

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