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National Energy Services Reunited (NESR) Q2 earnings and revenues surpass estimates
National Energy Services Reunited (NESR) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.19 per share.
US President Trump calls on Fed Governor Cook to resign
In a post published on Truth Social on Wednesday, United States (US) President Donald Trump called on Federal Reserve Governor Lisa Cook to resign, providing a link to a Bloomberg article that is titled "Trump Ally Calls on Bondi to Probe Fed’s Cook Over Mortgages." "The director of the Federal Housing Finance Agency is urging Attorney General Pam Bondi to investigate Federal Reserve Governor Lisa Cook over a pair of mortgages, the latest in a series of moves by the Trump administration to increase legal
Nasdaq100: It is ok to compare AI-mania to the dot-com bubble
The Nasdaq100, the leader among US indices in recent years, remains one step ahead even during periods of decline.
Pound Sterling Price News and Forecast: GBP/USD holds ground after UK inflation data
After falling to a fresh eight-day low near 1.3460 in the Asian session on Wednesday, GBP/USD recovered to the 1.3500 area in the European trading hours. The pair's technical outlook, however, doesn't yet offer any convincing signs of an extended recovery.
Pound Sterling gains as UK inflation accelerates stronger than expected
The Pound Sterling (GBP) attracts significant bids against its major peers on Wednesday as the United Kingdom (UK) Consumer Price Index (CPI) data for July has come in hotter than projected.
Silver Price Forecast: XAG/USD slides to near $37 ahead of FOMC minutes, Jackson Hole Symposium
Silver price (XAG/USD) trades 0.6% lower to near $37.00 during the European trading session on Wednesday.
USD/CHF remains capped below 0.8090 ahead of the FOMC Minutes
The US Dollar has been trapped within a 70-pip horizontal range against the Swiss Franc during the last week and remains trading without a clear direction on Wednesday after being rejected, again, at the 0.8090 area.
India M3 Money Supply unchanged at 9.6% in August 4
India M3 Money Supply unchanged at 9.6% in August 4
JPY is still quiet and range bound – Scotiabank
The Japanese Yen (JPY) is up a modest 0.2% vs. the USD and outperforming all of its G10 peers with the exception of NOK, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
GBP is ignoring stronger than expected CPI as yield spreads support – Scotiabank
The Pound Sterling (GBP) is also entering Wednesday’s NA session unchanged against the US Dollar (USD), recovering from early Asian session losses on the back of a stronger than expected CPI release, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD/CNH: Likely to trade in a range between 7.1800 and 7.1950 – UOB Group
US Dollar (USD) is likely to trade in a range between 7.1800 and 7.1950. In the longer run, USD is expected to trade in a range of 7.1730/7.2000, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EUR is trading flat for now – Scotiabank
The Euro (EUR) is entering Wednesday’s NA session unchanged against the US Dollar (USD) as it extends its recent consolidation with ongoing congestion around 1.1650, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
CAD slide on CPI looks overdone but technicals are weak – Scotiabank
The Canadian Dollar (CAD) started off yesterday’s session underperforming and continued to slide over the rest of the day following the release of softer than expected headline CPI for July, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD/JPY: Likely to trade in a range between 147.35 and 148.20 – UOB Group
The current price movements in Japanese Yen (JPY) are likely part of a range-trading phase between 147.35 and 148.20. In the longer run, USD has likely moved back into a range-trading phase between 146.50 and 148.80, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD mixed, NZD tumbles after RBNZ – Scotiabank
The US Dollar (USD) is trading mixed versus is major currency peers but gains versus the core majors overnight appear to have peaked, leaving the Dollar Index (DXY) trading down modestly on the session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD/JPY trades slightly lower around 147.50 ahead of key US-Japan economic events
The USD/JPY pair ticks down to near 147.50 during the European trading session on Wednesday.
NZD/USD licks its wounds above 0.5815 after a post-RBNZ selloff
The New Zealand Dollar is the worst performer of the G8 currencies so far on Wednesday. The pair has lost more than 1% against the US Dollar, following a “dovish cut” by the Reserve Bank of New Zealand earlier today, which sent the pair to four-month lows at 0.5815.
United States MBA Mortgage Applications dipped from previous 10.9% to -1.4% in August 15
United States MBA Mortgage Applications dipped from previous 10.9% to -1.4% in August 15
Gold Price Forecast: XAU/USD approaches key resistance around $3,330
Gold (XAU/USD) is trimming some losses on Wednesday, drawing support from the sour market sentiment. The precious metal has bounced from two-week lows right above $3,300, but remains capped below previous support at the $3,330 area, which leaves the broader bearish trend intact.
AUD/USD: Risk for AUD is tilted to the downside toward 0.6420 – UOB Group
Rapid increase in downward momentum is likely to lead to further losses, but Australian Dollar (AUD) may not reach 0.6420. In the longer run, risk for AUD is tilted to the downside toward 0.6420, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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