Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
WTI Price Forecast: Seems vulnerable below $80.00 as break below 50% Fibo. comes into play
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – remains under some selling pressure for the third straight day and drops to a nearly two-week low during the Asian session on Wednesday.
Indonesian Rupiah remains subdued amid market caution, external headwinds
USD/IDR remains stronger for the second successive day, trading around 17,760 during the Asian hours on Tuesday. The pair continues to hold its ground while the Indonesian Rupiah (IDR) faces ongoing pressure from a cautious market sentiment and persistent external headwinds.
United States Dollar Index recovers to near 99.00 ahead of US PCE inflation data
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 99.00 in the early European trading hours on Wednesday.
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Wednesday, according to data compiled by FXStreet.
Japan’s Kiuchi: CPI expected to gradually rise due to Middle East conditions
Japan's Economy Minister Minoru Kiuchi said on Wednesday that he expects consumer prices to gradually rise amid the Middle East situation.
British Pound edges lower but remains close to multi-month top as USD awaits US PCE
The GBP/USD pair trades with a negative bias below mid-1.3600s during the Asian session on Wednesday, eroding a part of the previous day's strong gains.
EUR/USD Price Forecast: Remains sideways ahead of key US events
The Euro (EUR) continues to trade in a tight range at around 1.1660 against the US Dollar (USD) during the Asian trading session on Wednesday.
Gold refreshes daily low, around $4,625 as USD sticks to modest gains ahead of US PCE
Gold (XAU/USD) touches a fresh daily low, around the $4,630-$4,625 region, during the first half of the European session on Wednesday, though the downside seems limited.
Silver Price Forecast: XAG/USD holds firmly above $69 ahead of US PCE Inflation data
Silver price (XAG/USD) is up almost 1% to near $69.40 during the Asian trading session on Wednesday.
New Zealand Dollar declines as US Dollar advances ahead of PCE index data
NZD/USD depreciates after registering modest gains in the previous day, trading around 0.5960 during the Asian hours on Wednesday.
Japanese Yen strengthens on US bond buyback, traders brace for US PCE inflation report
The USD/JPY pair loses ground to near 158.90 during the Asian trading hours on Wednesday. The US Treasury’s bond buyback programs weigh on the US Dollar (USD) against the Japanese Yen (JPY).
Australian Dollar strengthens against Japanese Yen following CPI data
AUD/JPY gains ground for the second consecutive day, trading around 114.20 during the Asian hours on Wednesday.
BoJ to raise rate to 1.25% in September — Reuters poll
According to August 17-24 survey in a Reuters poll, 57% of economists expected the Bank of Japan (BoJ) to raise its interest rate in September, a sharp turnaround from a July poll.