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Silver Price Forecast: XAG/USD bulls await break above $70.00 amid mixed setup
Silver (XAG/USD) continues its struggle to make it through the $70.00 psychological mark and extends its two-way price moves through the first half of the European session on Wednesday.
Swiss Franc ticks up against US Dollar despite bright Swiss ZEW economic expectations
The Swiss Franc (CHF) is trading lower against the US Dollar (USD) on Wednesday, but it has managed to trim some losses after the release of an upbeat Swiss ZEW Economic Expectations Index.
Australian Dollar remains stronger as CPI YoY climbs in July
AUD/USD extends its gains for the second consecutive day, trading around 0.7180 during the European hours on Wednesday.
AUD/JPY Price Forecast: Rally extends further to near 114.30 as hawkish RBA bets accelerate
The Australian Dollar (AUD) trades 0.13% higher at around 114.30 against the Japanese Yen (JPY) during the European trading session on Wednesday.
Australian Dollar: RBA risks seen underpriced – MUFG
Derek Halpenny at MUFG says the August RBA minutes and stronger-than-expected monthly CPI reinforce the risk of an earlier rate hike than markets currently price.
Euro advances against Canadian Dollar amid falling oil prices
EUR/CAD extends its gains for the third successive day, trading around 1.6180 during the European hours on Wednesday. The currency cross gains ground as the commodity-linked Canadian Dollar (CAD) faces headwinds due to falling crude oil prices.
Forex Today: US Dollar extends consolidation ahead of key inflation data, Nvidia earnings
Here is what you need to know on Wednesday, August 26:
Euro: Schnabel’s upbeat tone supports against US Dollar – ING
Chris Turner at ING highlights that Eurozone data continue to surprise positively and ECB’s Isabel Schnabel now sees growth risks possibly to the upside.
Dow Jones futures hold flat as traders await US PCE inflation data, Nvidia earnings
Dow Jones futures gain steadies around 53,650 during European hours on Wednesday. Meanwhile, S&P 500 futures decline by 0.11%, to trade near 7,680, and Nasdaq 100 futures fall by 0.23% to trade around 29,210.
Japanese Yen: Range-bound trading outlook against US Dollar – UOB
United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann describe USD/JPY as remaining in a range-trading phase. For the 24-hour view they see the Dollar fluctuating between 158.95 and 159.50 after recent narrow ranges and little-changed closes.
Switzerland ZEW Survey – Expectations up to 12.1 in August from previous 10
Switzerland ZEW Survey – Expectations up to 12.1 in August from previous 10
Breaking: US core PCE inflation holds steady at 3.3% in July as expected
Annual inflation in the United States (US), as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, remained unchanged at 3.7% YoY in July, the US Bureau of Economic Analysis (BEA) reported on Wednesday. This reading came in above the market expectation of 3.6%.
US Dollar Index Price Forecast: Bears prevail with the 200-day SMA capping ralliesÂ
The US Dollar (USD) nurses marginal gains on Wednesday and holds a mild recovery attempt from the three-month highs hit last week, but seems unable to extend gains past the 200-day Simple Moving Average (SMA), just above 99.00, which keeps the broader bearish structure intact.