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Swiss Franc picks up within range, USDollar softens awaiting Fed minutes
The Swiss Franc (CHF) appreciates moderately on Wednesday, as the US Dollar (USD) pulls back against major peers, with investors bracing for the release of the minutes of July’s Federal Reserve (Fed) monetary policy meeting, due later on the day.
Indian Rupee: Range-bound with RBI support against US Dollar – Commerzbank
Commerzbank FX analysts Charlie Lay and Moses Lim see USD/INR staying broadly stable as the Reserve Bank of India (RBI) keeps the policy repo rate at 5.25% and remains in wait-and-see mode.
Gold: Pullback risk with higher yields and Oil – OCBC
OCBC’s Sim Moh Siong and Christopher Wong note that Gold’s rebound has lost momentum as renewed Oil gains and higher long-end US yields revive inflation concerns. Daily charts show fading bullish momentum and a lower Relative Strength Index (RSI) from near overbought levels.
Dow Jones futures pause as tech sell-off, oil pressures weigh on sentiment
Dow Jones futures inch higher 0.06% to trade around 53,440 during European hours on Wednesday. Meanwhile, S&P 500 futures remain steady near 7,710, and Nasdaq 100 futures edge lower 0.03%, trading near 29,580.
United States Dollar Index slumps in countdown to FOMC minutes
The US Dollar (USD) trades lower against its major currency peers on Wednesday ahead of the Federal Open Market Committee (FOMC) minutes of the July policy meeting, which will be published at 18:00 GMT.
US Dollar: Range-bound trading as FOMC minutes loom – ING
ING’s Chris Turner notes that the Dollar remains supported by higher energy prices and long-end US yields, but FX volatility is still low, favouring carry trades.
WTI holds ground around $84.50 as supply risks increase due to US-Iran peace uncertainty
West Texas Intermediate (WTI) oil price moves sideways after three days of gains, trading around $84.50 per barrel during the European hours on Wednesday.
Eurozone Current Account n.s.a rose from previous €-6.2B to €46.9B in June
Eurozone Current Account n.s.a rose from previous €-6.2B to €46.9B in June
Eurozone Current Account s.a registered at €35.1B above expectations (€22.1B) in June
Eurozone Current Account s.a registered at €35.1B above expectations (€22.1B) in June
South Africa Consumer Price Index (YoY) below forecasts (4.5%) in July: Actual (4.3%)
South Africa Consumer Price Index (YoY) below forecasts (4.5%) in July: Actual (4.3%)
South Africa Consumer Price Index (MoM) declined to 0.2% in July from previous 0.7%
South Africa Consumer Price Index (MoM) declined to 0.2% in July from previous 0.7%
Euro: Extends rebound as yields stabilize against US Dollar - Danske Bank
Danske Research Team notes that EUR/USD has extended its rebound towards 1.1600 as European yields remain elevated while US Treasury yields stabilize after the recent spike.
USD/CAD Price Forecast: Bears look at 1.3850 support after rejection at 1.3900
The US Dollar (USD) resumes its broader bearish trend with the Canadian Dollar (CAD) drawing support from higher Oil prices and a deal with the US to pause 50% tariffs on Canadian exports.