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USD: Going up is harder than going down – Commerzbank
Hardly anyone will be interested in what the minutes of the last FOMC meeting at the end of July reveal this evening. The decisive factor for the market will be what Fed Chairman Jerome Powell says in his speech on Friday at the conference in Jackson Hole, which begins tomorrow.
GBP/USD: Likely to trade in a range between 1.3415 and 1.3585 – UOB Group
Downward momentum continues to increase, and there is a chance for Pound Sterling (GBP) to drop to 1.3460. In the longer run, GBP is now neutral; it is likely to trade in a range between 1.3415 and 1.3585, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUD/USD slumps to near 0.6420 as antipodeans underperform, FOMC minutes eyed
The AUD/USD pair declines for the third trading day in a row on Wednesday. The Aussie pair slides to near 0.6425 as antipodeans underperform its peers.
RBNZ: More dovish than expected – Commerzbank
The kiwi is under significant pressure this morning, losing around 1% against the US dollar following the Reserve Bank of New Zealand's (RBNZ) meeting.
EUR/USD: Unlikely to reach the next support at 1.1595 – UOB Group
Euro (EUR) could break below 1.1630, but it is unlikely to reach the next support at 1.1595. In the longer run, tentative increase in downward momentum could lead to EUR edging lower and testing 1.1595, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EUR/GBP Price Forecast: Testing key support at the 0.8600 area
The Euro is trading lower for the third consecutive day against the Pound Sterling on Wednesday, after the rejection at the 0.8650 area on Tuesday.
USD/INR gives up early gains as Indian Rupee bounces back on GST reforms
The Indian Rupee (INR) bounces back against the US Dollar (USD) during late trading hours on Wednesday after a weak opening. The USD/INR falls back to near 87.10 on optimism that the announcement of Goods and Services Tax (GST) reforms by the Indian government will boost consumption.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data.
RBNZ cuts 25bp, debates 50bp move – ING
The RBNZ delivered a 25bp cut to 3.00% but revealed a serious debate over a larger 50bp move, sending NZD/USD down 1.1%.
Uranium Miners ETF (URA) remains bullish against April 2025 low
The Global X Uranium ETF ($URA) is an exchange-traded fund designed to provide investors with exposure to the uranium mining industry.
SoFi Technologies (SOFI) favors rally into $26.21 – $28.01 area before pullback
SoFi Technologies, Inc., (SOFI) provides various financial services in the US, Latin America, Canada & Hong Kong.
US Treasury's Bessent: Fed rate cut could facilitate a pickup in home building
United States (US) Treasury Secretary Scott Bessent said on Tuesday that a rate cut by the Federal Reserve (Fed) could facilitate a pickup in home building and keep prices down for one to two years down the road, per Reuters.
Apple’s reversal play: AAPL reacts higher from Elliott Wave blue box
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of Apple ticker symbol: AAPL.
Gold consolidates amid easing yields, soft US Dollar and geopolitical caution
Gold (XAU/USD) is trading with a steady bias on Tuesday, recovering modestly from an overnight dip as investors digest Monday's White House summit between US President Donald Trump, Ukrainian President Volodymyr Zelenskyy, and key European leaders.
Canada CPI projected to remain below target in July amid inflation risks from US tariffs
Statistics Canada will issue the Consumer Price Index (CPI) for July on Tuesday. This will attract the market's attention since it will provide the Bank of Canada (BoC) with fresh information on how inflation is changing, which they use to set interest rates.
JPY range bound ahead of key data – Scotiabank
The Japanese Yen is up modestly against the US Dollar (USD) and a mid-performer among the G10 as we head into Tuesday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
GBP quiet despite continued support from fundamentals – Scotiabank
The Pound Sterling (GBP) is entering Tuesday’s NA session with a modest 0.1% gain, lagging its European currency peers while slightly outperforming growth-sensitive commodity peers CAD and AUD, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
EUR extending consolidation around 1.17 – Scotiabank
The Euro (EUR) is up 0.2% against the US Dollar (USD) and outperforming most of the G10 currencies as we head into Tuesday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
CAD underperforms again – Scotiabank
The Canadian Dollar (CAD) is marginally softer versus the US Dollar (USD) on the day, with a mild net loss on the session contrasting—once again—with moderate gains for the major currencies, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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