Silver (XAG/USD) shows a moderate bullish tone on Wednesday, following a two-day reversal, with price action returning to levels above the $58.00 line at the early European trading session. Precious metals are drawing s…
The NZD/USD pair struggles to build on the overnight bounce from the 0.5860 horizontal support and seesaws between tepid gains/minor losses during the Asian session on Wednesday. Spot prices remain below the 0.5900 mark…
A 7.1-magnitude earthquake killed at least 13 people near the southern Japanese city of Kumamoto and rescuers are frantically searching for survivors trapped beneath the rubble, Prime Minister Sanae Takaichi says.
ING’s Michiel Tukker expects the Federal Reserve (Fed) to keep rates on hold, even as markets price a 30% chance of a hike. He notes that any decision will move United States (US) rates and influence global curves. Tukk…
The US Dollar (USD) holds gains near 13-month highs against the Swiss Franc (CHF), with the USD/CHF pair trading a few pips shy of 0.8200, set for a 1.3% monthly rally. Swiss ZEW Economic sentiment has shown a significa…
DBS Bank’s Philip Wee notes that Dollar bulls have built substantial long USD positions ahead of the FOMC, encouraged by Brent’s sharp rebound and expectations of a surprise rate hike by Chairman Kevin Warsh. However, h…
The Indian Rupee (INR) opens marginally lower against the US Dollar (USD) on Wednesday after a three-day winning streak. The USD/INR pair rebounds to near 95.85 as oil prices have rebounded strongly due to revived geopo…
USD/CAD extends its losses for the second consecutive day, trading around 1.4090 during the European hours on Wednesday. The pair loses ground as the Canadian Dollar (CAD) gains on higher oil prices, which have rebounde…
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. Investors will look for fresh cues a…
GBP/USD edges higher after remaining flat in the previous day, trading around 1.3300 during the Asian hours on Wednesday. The currency pair gains ground as the US Dollar (USD) struggles ahead of the Federal Reserve’s (F…
The price for Gold stood at 12,389.67 Indian Rupees (INR) per gram, down compared with the INR 12,404.04 it cost on Tuesday.
The AUD/USD pair attracts sellers for the third straight day on Wednesday and dives to an over two-week trough following the release of softer Australian consumer inflation figures. Spot prices, however, rebound a few p…
USD/IDR depreciates after two days of gains, trading around 18,120 during the Asian hours on Wednesday. However, the pair has lost ground as the US Dollar (USD) struggles ahead of the Federal Reserve’s (Fed) upcoming po…
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. The intraday decline picks up pace f…
Gold (XAU/USD) enters a bearish consolidation phase after touching an over one-week low during the Asian session on Wednesday, though it manages to hold above the $4,000 psychological mark. A softer tone surrounding the…
The Pound spends Tuesday almost perfectly still, trading just under 1.3300 with a session range under 40 pips between a floor above 1.3250 and a ceiling fractionally above 1.3300. That is a second consecutive day of nea…
On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7899 compared to the previous day's fix of 6.7928.
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 meeti…
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…
US Central Command: carried out precision strikes in Iraq targeting Iran-backed groups planning attacks on US forces and Saudi oil facilities.
DBS Group Research economist Radhika Rao analyzes Indonesia markets after Bank Indonesia Governor Perry Warjiyo’s unexpected resignation. She notes initial weakness in onshore assets as investors reassess implications f…
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 Consume…
Times are not easy for the United Nations. The concept of fostering peace, human rights, and economic development through international law and global cooperation remains as sound as ever. Yet the key players in global …
The Aussie trades just beneath 0.7000 on Tuesday, down around 0.25% and last in the G10 queue, after a Sydney address from the Reserve Bank of Australia's Governor gave the hike case nothing to eat. The session covers b…
