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EUR/USD Price Forecast: Euro hesitates above 1.1400 as geopolitical risks mount
The Euro (EUR) shows marginal losses against the US Dollar (USD) on Wednesday and has returned to levels just above 1.1400 during the European trading session after rejection at 1.1430.
ECBâs EscrivĂĄ: Central bank to keep all options on a meeting-by-meeting basis
European Central Bank (ECB) policymaker and Governor of the Bank of Spain, JosĂ© Luis EscrivĂĄ, said on Wednesday that the central bank âwill keep all options on the table and decide on a meeting-by-meeting basis.â
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data. Silver trades at $58.56 per troy ounce, down 2.34% from the $59.97 it cost on Tuesday.
India: Cheaper Oil supports FY27 deficit target â Standard Chartered
Standard Chartered economists Anubhuti Sahay and Saurav Anand assess Indiaâs FY27 fiscal deficit outlook, highlighting how lower crude Oil prices reduce the risk of fiscal slippage to about 0.2-0.3% of Gross Domestic Product (GDP) versus 0.5% earlier.
Oil: Limited war risk keeps Brent capped â DBS
DBS Group Researchâs Philip Wee notes that recent Iranian strikes on shipping in the Strait of Hormuz pushed Brent crude from $72 to $76 per barrel and lifted US Treasury 2Y yields, but markets still see no return to full-scale war.
Silver Price Forecast: XAG/USD falls toward $58.00 as Trump declares Iran truce âfinishedâ
Silver price (XAG/USD) extends its losses for the third consecutive day, trading around $58.30 per troy ounce during the European hours on Wednesday. The non-yielding white metal struggled as renewed Middle East escalations threatened the interim United States (US)-Iran peace deal.
Swedish Krona: Weakens against Euro â Societe Generale
Societe Generaleâs Kenneth Broux highlights EUR/SEK reclaiming its 200-day moving average and breaking above a base, signalling a short-term uptrend towards 11.11.
WTI surges above $74 as Trump confirms MoU with Iran is over
West Texas Intermediate (WTI), futures on NYMEX, soars 3.2% to near $74.30 during the European trading session on Wednesday, the highest level seen in two weeks.
US Dollar: Fed pricing questioned as disinflation looms â MUFG
MUFGâs Derek Halpenny argues that June FOMC minutes may already be stale as weaker labour data and lower energy prices challenge the Fedâs hawkish dot plot. He sees OIS pricing as too aggressive, with rate hikes over-priced and a rate cut by March 2027 more likely than another hike.
Australian Dollar turns upside down as Trump says MoU with Iran seems over
The Australian Dollar (AUD) gives back its early gains and turns lower to near 0.6915 against the US Dollar (USD) during the European trading session on Wednesday.
Australian Dollar: Pullback within broader upside risk against US Dollar â UOB
United Overseas Bankâs (UOB) Quek Ser Leang notes AUD/USD has retreated from recent highs after failing to clear resistance near 0.6980.
Aluminium: Deficit outlook supports rebound â ING
INGâs Warren Patterson and Ewa Manthey note Aluminium has extended gains after hitting a fourâmonth low, as lower prices attracted Chinese buying.
Dow Jones futures fall on increasing risk aversion, FOMC Minutes awaited
Dow Jones futures decline 0.40% to trade around 52,980 during European trading hours on Wednesday. Meanwhile, S&P 500 futures and Nasdaq 100 futures fall 0.17% and 0.14%, trading near 7,540 and 29,350, respectively.