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AUD/USD Price Forecast: Holds slight recovery from 0.6960
The Australian Dollar (AUD) holds its recovery move to near 0.6972 from the day’s low of 0.6960 against the US Dollar (USD) during the early European trading session on Wednesday. However, the Aussie pair is still 0.18% down from its Tuesday’s closing price of 0.6985.
Germany Import Price Index (YoY) up to 8.3% in August from previous 6.8%
Germany Import Price Index (YoY) up to 8.3% in August from previous 6.8%
United Kingdom Total Business Investment (QoQ) came in at 1.8%, above expectations (1.7%) in 2Q
United Kingdom Total Business Investment (QoQ) came in at 1.8%, above expectations (1.7%) in 2Q
Denmark Unemployment Rate came in at 2.7%, above expectations (0%) in August
Denmark Unemployment Rate came in at 2.7%, above expectations (0%) in August
United Kingdom Total Business Investment (YoY) above expectations (0.8%) in 2Q: Actual (5.2%)
United Kingdom Total Business Investment (YoY) above expectations (0.8%) in 2Q: Actual (5.2%)
United Kingdom Gross Domestic Product (QoQ) above expectations (0.4%) in 2Q: Actual (0.5%)
United Kingdom Gross Domestic Product (QoQ) above expectations (0.4%) in 2Q: Actual (0.5%)
Indian Rupee recovers as traders trim hawkish Fed bets, oil prices fall
The Indian Rupee (INR) gains against the US Dollar (USD) after a flat opening on Wednesday.
Swiss Franc remains near 16-month lows as rate hike odds lift US Dollar
USD/CHF continues its winning streak for the sixth successive trading day, trading near its 16-month high of 0.8358 during Asian hours on Wednesday.
United States Dollar Index strengthens to near 101.50, US ADP and PCE data loom
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 101.40 in the early European trading hours on Wednesday.
Silver Price Forecast: XAG/USD hangs near eight-week low; bears retain control near $61.00
Silver (XAG/USD) attracts some sellers near the $61.75 area during the Asian session on Wednesday, stalling the previous day's recovery from the $60.30 region, or the lowest level since August 5.
EUR/JPY Price Forecast: Slips below 178.00 as bearish bias strengthens
EUR/JPY remains subdued for the fourth successive day, trading around 177.70 during Asian hours on Wednesday. Technical analysis of the daily chart shows that the currency cross remains confined within a descending channel pattern.
Gold looks to build on gains above $4,200 on USD stays weak ahead of US PCE
Gold (XAU/USD) attracts some buyers for the second straight day on Wednesday, with bulls now awaiting sustained strength and acceptance above the $4,200 mark before positioning for an extension of the recovery from an eight-week low, touched earlier this week.
New Zealand Dollar holds immediate support near 0.5625, outlook remains uncertain
The New Zealand Dollar (NZD) is 0.11% higher at around 0.5645 against the US Dollar (USD) during the Asian trading session on Wednesday. The Kiwi pair gains after discovering cushion near 0.5625 on Tuesday, following a vertical decline in the past few weeks.