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Japan Coincident Index: 118.7 (August) vs previous 120.6
Japan Coincident Index: 118.7 (August) vs previous 120.6
WTI Price Forecast: Sticks to gains near $89.50; bulls seem hesitant below 200-SMA on H4
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts some follow-through buying for the second consecutive day on Wednesday, building on the previous day's rebound from an over one-month low.
Indonesia Foreign Reserves: $146.3 (September) vs previous $146.5
Indonesia Foreign Reserves: $146.3 (September) vs previous $146.5
India Reverse Repo Rate remains unchanged at 3.35%
India Reverse Repo Rate remains unchanged at 3.35%
Indian Rupee tumbles after RBI's policy, 20 bps away from all-time low
The Indian Rupee ((INR) weakens significantly against the US Dollar (USD), following the Reserve Bank of India’s (RBI) monetary policy meeting on Wednesday. The USD/INR pair jumps to near 96.80, the highest level seen in four months.
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Wednesday, according to data compiled by FXStreet.
India RBI Interest Rate Decision (Repo Rate) in line with expectations (5.5%)
India RBI Interest Rate Decision (Repo Rate) in line with expectations (5.5%)
Gold seems vulnerable near two-month low amid bullish USD; focus remains on FOMC Minutes
Gold (XAU/USD) sticks to modest intraday losses through the first half of the European session on Wednesday, trading just above the two-month low around $4,100 touched the previous day. The US Dollar (USD) attracts fresh buyers and reverses a part of Tuesday's corrective slide.
EUR/JPY Price Forecast: Slips below 178.00 after pulling back from nine-day EMA
EUR/JPY inches lower after posting modest gains in the previous day, trading around 177.90 during Asian hours on Wednesday. Technical analysis of the daily chart shows that the currency cross is remaining within the descending channel pattern, suggesting an ongoing bearish bias.
EUR/USD Price Forecast: More downside likely below 1.1160
The Euro (EUR) is down 0.18% to near 1.1238 against the US Dollar (USD) during the Asian trading session on Wednesday. The major currency pair faces selling pressure as the US Dollar regains ground after a corrective move the previous day.
Silver Price Forecast: XAG/USD remains below $61.00 as oil prices surge
Silver price (XAG/USD) declined after opening at a bullish gap, remaining in positive territory and trading around $60.90 per troy ounce during Asian hours on Wednesday.
New Zealand Dollar resumes decline against US Dollar ahead of FOMC minutes
The New Zealand Dollar (NZD) faces selling pressure while attempting to extend the two-day recovery move above 0.5628 against the US Dollar. In the Asian trade on Wednesday, the NZD/USD pair is down 0.23% to near 0.5609.
Australian Dollar holds losses below 0.7000 ahead of FOMC Minutes
The AUD/USD pair declines to near 0.6970, snapping the three-day winning streak during the early Asian session on Wednesday. The Australian Dolllar (AUD) softens against the US Dollar (USD) as bets of the Reserve Bank of Australia (RBA) fall.