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Silver Price Forecast: Recovery hits 20-day EMA roadblock
Silver price (XAG/USD) gives back some of its early gains, but is still 0.8% higher at around $59.25 during the European trading session on Wednesday.
Japanese Yen: Fresh lows signal further losses against US Dollar ā UOB
United Overseas Bankās (UOB) Quek Ser Leang and Lee Sue Ann note USD/JPY has surged past 163 for the first time since 1986, raising intervention risks as the Japanese Yen (JPY) weakens.
USD/CAD Price Forecast: Consolidates near 1.4100 as bulls await 200-SMA breakout on H4
The USD/CAD pair remains on the back foot through the early European session on Wednesday and, for now, seems to have stalled this week's goodish rebound from the 1.4000 psychological mark, or over a one-month low.
Euro: Asset flows decouple from currency ā BNY
BNYās Geoff Yu argues that the Euro (EUR) offers limited risk-reward compared with Eurozone assets as European Central Bank (ECB) policy pivots back toward growth.
New Zealand Dollar gives away gains as Iranās war offsets RBNZās hawkishness
The New Zealand Dollar (NZD) is trading lower against the US Dollar (USD) for the second consecutive day on Wednesday, as the US-Iran conflict overshadows the Reserve Bank of New Zealandās (RBNZ) hawkish monetary policy stance.
US Dollar Index Price Forecast:Ā Softens to near 101.00, while technicals remain bullish
The USĀ Dollar Index (DXY), an index of the value of theĀ US Dollar (USD) measured against a basket of six world currencies,Ā currently trades near 101.10 in the early European trading hours on Wednesday.
British Pound: Fiscal risks cloud outlook ā Commerzbank
Commerzbankās Thu Lan Nguyen notes that recent optimism around United Kingdom (UK) Prime Minister Burnham faded quickly, with British Pound (GBP) gains versus Euro fully reversed.
Equities: Chip rebound offsets rates repricing ā Deutsche Bank
Deutsche Bankās Jim Reid notes that despite higher United States (US) Treasury yields and renewed speculation about a July Fed rate hike, US equities advanced, led by a strong recovery in chip stocks.
Euro gathers strength against British Pound after UK June CPI inflation falls by more than expected
The EUR/GBP cross gains momentum to near 0.8525Ā during the early European trading hours on Wednesday. TheĀ British PoundĀ (GBP) weakens againstĀ the EuroĀ (EUR) following the UK inflation report. All eyes will be on the European Central Bank (ECB) interest rate decision later on Thursday.
Gold: Safe-haven demand offsets energy risks ā ING
INGās commodities team notes Gold and Silver have extended gains on dip-buying and geopolitical concerns in the Middle East. They highlight Gold trading above $4,000/oz and Silver near $60/oz, supported by safe-haven flows and stronger industrial metals sentiment.
British Pound remains depressed against US Dollar following soft UK inflation data
The British Pound (GBP) consolidates losses against the US Dollar (USD) on Wednesday, as a string of UK inflation figures provided some leeway for the Bank of England to maintain its āwait-and-seeā stance through the coming months.
British Pound attracts bids against Japanese Yen after mixed UK CPI data
The British Pound (GBP) witnesses slight buying interest against its major currency peers after the release of the United Kingdom (UK) Consumer Price Index (CPI) data for June. Against the Japanese Yen (JPY), the British currency rebounds strongly from the intraday low of 218.20.
Euro: Mild downside within defined range against US Dollar ā UOB
United Overseas Bankās (UOB) Quek Ser Leang and Lee Sue Ann note EUR/USD under mild downward pressure after slipping toward 1.14, but expects any intraday decline to be limited to a test of 1.1380, with major support at 1.1360 unlikely to be challenged.