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Germany HCOB Services PMI above expectations (49.6) in July: Actual (49.8)
Germany HCOB Services PMI above expectations (49.6) in July: Actual (49.8)
USD/CAD Price Forecast: Bulls gain traction as cheaper Crude hits LoonieÂ
The US Dollar (USD) appreciates for the fourth consecutive day against a weaker Canadian Dollar (CAD) on Wednesday, with the USD/CAD pair pushing against weekly highs at 1.4080 at the time of writing.
France HCOB Composite PMI below forecasts (49.6) in July: Actual (49.4)
France HCOB Composite PMI below forecasts (49.6) in July: Actual (49.4)
France HCOB Services PMI below forecasts (49.8) in July: Actual (49.6)
France HCOB Services PMI below forecasts (49.8) in July: Actual (49.6)
Italy HCOB Services PMI above expectations (52) in July: Actual (52.5)
Italy HCOB Services PMI above expectations (52) in July: Actual (52.5)
Brazilian Real: Disinflation and fiscal risks guide weaker outlook – Rabobank
Rabobank’s Brazil weekly notes that the Brazilian Real (BRL) recently appreciated to BRL 5.0587 per Dollar, ranking among the top emerging-market performers.
Silver Price Forecast: XAG/USD hits one-month high, eyes $62.00 after technical breakout
Silver (XAG/USD) builds on the previous day's modest gains and attracts strong follow-through buying for the second straight day on Wednesday. The positive momentum lifts the white metal to the $62.00 neighborhood – the highest level since July 7 – during the early European session.
US Dollar: Q3 uptrend seen intact – TD Securities
TD Securities’ macro team, led by Jayati Bharadwaj and colleagues, argues that recent Dollar weakness after the July FOMC is a short-lived retracement within a broader Q3 2026 USD uptrend.
Spain HCOB Services PMI above forecasts (55.3) in July: Actual (58.3)
Spain HCOB Services PMI above forecasts (55.3) in July: Actual (58.3)
Experts agree: US-Japan intervention to boost Yen won't last long
The British Pound (GBP) claws back its early losses against the Japanese Yen (JPY) and edges higher to near 212.25 during the European trading session on Wednesday.
WTI Price Forecast: Edges lower to near $74.50 with bearish bias intact below 100-day SMA
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $74.50 during the early European trading hours on Wednesday. WTI declines on mixed US-Iran messages.
British Pound: Consolidation with limited upside scope against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann analysts report GBP/USD traded quietly between 1.3423 and 1.3456 after a prior spike to 1.3506. They expect near‑term consolidation in a 1.3425–1.3470 band.
Euro holds gains against the Pound awaiting Eurozone and UK Services PMIs
The Euro (EUR) remains practically flat against the British Pound (GBP) on Wednesday, trading at 0.8573 at the time of writing and holding gains from the last two days after bouncing from the 0.8540 area on Friday.