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US Dollar Index Price Forecast: Bullish bias intact above 101.00
The US Dollar Index (DXY) shows moderate losses on Wednesday but has retraced most of the decline seen during the Asian trading session.
Gold hits two-week high as traders weigh Middle East risks, Fed outlook
Gold (XAU/USD) climbs to a two-week high on Wednesday as bargain hunters step in near the $4,000 mark, while traders weigh Middle East risks and the Federal Reserveās (Fed) monetary policy outlook.
Japanese Yen: Hawkish BoJ signals versus Fed risk ā Rabobank
Rabobankās Senior FX Strategist Jane Foley discusses Japanese Yen (JPY) prospects, focusing on USD/JPY. Foley highlight that intervention by the Ministry of Finance (MoF) alone is unlikely to change the pairās direction without improved Japanese fundamentals.
British Pound: Heavy trade as BoE seen adjusting ā BBH
Brown Brothers Harrimanās Elias Haddad notes the British Pound (GBP) remains heavy versus the US Dollar (USD) and Euro (EUR) after a mixed United Kingdom (UK) June Consumer Price Index (CPI) report, with headline inflation cooling but core and services measures still sticky.
Silver price edges higher as geopolitical tensions offset inflation concerns
Silver (XAG/USD) trades around $59.35 at the time of writing on Wednesday, up 0.94% on the day, as persistent safe-haven demand offsets the negative impact of rising inflation expectations.
Euro: Drifting toward ECB test ā ING
Chris Turner at ING notes EUR/USD has held up relatively well despite energy price gains and wider natural gas prices.
South Africa Retail Sales (YoY) increased to 2.3% in May from previous 1.3%
South Africa Retail Sales (YoY) increased to 2.3% in May from previous 1.3%
United States MBA Mortgage Applications increased to 1.9% in July 17 from previous -2.7%
United States MBA Mortgage Applications increased to 1.9% in July 17 from previous -2.7%
Euro holds near five-week highs against Yen despite BoJ tightening rumours
The Euro (EUR) reversed earlier gains against the Japanese Yen (JPY) on Wednesday, following hawkish comments by Bank of Japanās (BoJ) policymakers. The pair, however, remains a few pips below 186.00 at the time of writing, with the five-week high of 186.19 at a short distance.
World Bank warns of risks of global slowdown, renewed inflation
The World Bank warned that the global economy is only "a few months" away from a worst-case scenario in which global growth slows to 1.3% while inflation rises to 4.5%, according to comments by Chief Economist Indermit Gill reported by Reuters.
United States Sec. of State Rubio: Iran is in a lot of trouble
Following his meeting with Chinese Foreign Minister Wang Yi in Manila on Wednesday, United States (US) Secretary of State Marco Rubio said that āIran is in a lot of trouble.ā
US Dollar: Trade tariffs to reshape FX volatility ā MUFG
Derek Halpenny at MUFG explains that US trade tariff uncertainty is set to re-emerge as Section 122 measures expire and are replaced by more targeted Section 301 actions.
Gold Price Forecast: XAU/USD holds gains above $4,100 undaunted by risk-off markets
Gold (XAU/USD) extends gains for the fourth consecutive day on Wednesday, standing comfortably above $4,100, unfazed by the risk-off market amid rising tensions in Iran and higher Oil prices.