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Euro trades with caution against US Dollar in countdown to US CPI data
The Euro (EUR) trades marginally lower at around 1.1534 against the US Dollar (USD) at the start of the European trading session on Wednesday.
Indian Rupee rebounds on likely RBI's intervention, India's retail CPI rises in July
The Indian Rupee (INR) recovers early losses against the US Dollar (USD) on Wednesday due to likely Reserve Bank of India's (RBI) intervention in the market. At press time, USD/INR trades slightly lower to near 95.33.
EUR/JPY Price Forecast: Steadies near 184.00 amid neutral bias
EUR/JPY moves little for the second successive day, trading around 183.90 during the Asian hours on Wednesday. The currency cross is maintaining a mildly bearish near-term tone as it slips beneath the 50-day Exponential Moving Average (EMA) while holding above the shorter nine-day EMA.
WTI Price Forecast: Bulls retain control near 38.2% Fibo.; move beyond $83.00 awaited
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts buyers for the third straight day and trades just below the $83.00 mark during the Asian session on Wednesday, close to a nearly two-week high set the previous day.
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Wednesday, according to data compiled by FXStreet.
United States Dollar Index rises to near 100.00 ahead of US inflation data
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending gains for the third successive day and trading around 99.90 during the Asian hours on Wednesday.
Silver Price Forecast: XAG/USD rises to near $65.40 with US inflation in focus
Silver price (XAG/USD) trades 1.1% higher at around $65.40 during the Asian trading session on Wednesday. The white metal reflects strength ahead of the United States (US) Consumer Price Index (CPI) data for July, which will be published at 12:30 GMT.
Canadian Dollar eases from two-month high as USD preserves weekly gains ahead of US CPI
The USD/CAD pair ticks higher during the Asian session on Wednesday, snapping a three-day losing streak to the 1.3915 area or its lowest level since June 10. Spot prices, however, lack bullish conviction and trade around 1.3930, awaiting the release of the latest US inflation figures.
New Zealand Dollar struggles as US Dollar gains on Middle East uncertainty
NZD/USD continues its losing streak for the third consecutive day, trading around 0.5870 during the Asian hours on Wednesday. The pair depreciates as the US Dollar (USD) gains ground on increased safe-haven demand amid rising uncertainty surrounding Middle East peace talks.
Australian Dollar slips as US Dollar strengthens amid uncertainty over Fed outlook
AUD/USD depreciates after registering modest gains in the previous day, trading around 0.7060 during the Asian hours on Wednesday. The currency pair loses ground as the US Dollar (USD) rises ahead of a crucial inflation report.
Japanese Yen slides to two-week low, seems vulnerable as USD stands firm ahead of US CPI
The USD/JPY pair touches a one-and-a-half-week high during the Asian session on Wednesday, with bulls now looking to build on the momentum further beyond mid-159.00s amid a supportive fundamental backdrop.
British Pound loses as rising US Dollar, geopolitical tensions weigh on sentiment
GBP/USD inches lower after remaining flat in the previous day, trading around 1.3500 during the Asian hours on Wednesday. The currency pair continues to hold its losses as the US Dollar (USD) gains strength ahead of a crucial inflation report.
Gold sits near two-month top, above $4,400 as traders eye US CPI for Fed cues
Gold (XAU/USD) maintains its bid tone above the $4,400 mark through the first half of the European session and remains close to the highest level since June 5, touched on Tuesday.