Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
EUR/JPY Price Forecast: Eyes rising wedge top at 187.00
EUR/JPY moves little after registering modest gains in the previous day, trading around 186.60 during the Asian hours on Wednesday. The currency cross is maintaining a bullish near-term tone as it holds above both the nine-period and 50-period Exponential Moving Averages (EMAs).
Silver Price Forecast: XAG/USD gains even as oil prices rebound, Fed policy awaited
Silver price (XAG/USD) trades 1.14% higher to near $57.80 during the Asian trading session on Wednesday. The white metal gains even as oil prices rebound strongly due to renewed conflicts between the United States (US) and Iran.
Euro advances as US Dollar declines ahead of Fed policy decision
EUR/USD holds ground for the second successive day, trading around 1.1390 during the Asian hours on Wednesday.
Canadian Dollar remains on the front foot as USD bulls turn cautious ahead of Fed decision
The USD/CAD pair is seen consolidating around the 1.4100 mark during the Asian session as traders keenly await the outcome of a two-day FOMC policy meeting, due later this Wednesday.
United States Dollar Index (DXY) flat below 101.50 as bulls await FOMC amid Iran risks
The United States Dollar Index (DXY), which tracks the Greenback against a basket of currencies, is seen consolidating below the 101.50 level during the Asian session as traders await the outcome of a two-day FOMC meeting, due later this Wednesday.
Australian Dollar falls to one-week low vs Yen as soft CPI triggers heavy selling
The AUD/JPY cross extends this week's retracement slide from the 114.65 zone, or its highest level since June 3, and attracts some follow-through selling for the second straight day.
Australian Dollar slips as softer inflation cools domestic rate expectations
AUD/USD depreciates for the second successive day, trading around 0.6970 during the Asian hours on Wednesday. The pair falls as the Australian Dollar (AUD) continues to struggle following the release of domestic Consumer Price Index (CPI) data.
Australia Quarterly RBA Trimmed Mean CPI (QoQ) came in at 0.8% below forecasts (0.9%) in 2Q
Australia Quarterly RBA Trimmed Mean CPI (QoQ) came in at 0.8% below forecasts (0.9%) in 2Q
Australia Quarterly RBA Trimmed Mean CPI (YoY) below forecasts (3.7%) in 2Q: Actual (3.6%)
Australia Quarterly RBA Trimmed Mean CPI (YoY) below forecasts (3.7%) in 2Q: Actual (3.6%)
Australia Quarterly Consumer Price Index (QoQ) came in at -0.1% below forecasts (0.7%) in 2Q
Australia Quarterly Consumer Price Index (QoQ) came in at -0.1% below forecasts (0.7%) in 2Q
Australia Quarterly Consumer Price Index (YoY) registered at 3.8%, below expectations (4.1%) in 2Q
Australia Quarterly Consumer Price Index (YoY) registered at 3.8%, below expectations (4.1%) in 2Q
US CENTCOM launches strikes in Iraq targeting Iran-backed groups
US Central Command: carried out precision strikes in Iraq targeting Iran-backed groups planning attacks on US forces and Saudi oil facilities.
Japanese Yen holds ground despite rising oil prices
USD/JPY loses ground after registering minor gains in the previous day, trading around 163.70 during the Asian hours on Wednesday. The pair may regain ground as the Japanese Yen could come under pressure from rebounding oil prices.