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Forex
EUR/USD slides as German data and French political uncertainty persist
EUR/USD extends its losses for three straight consecutive days, down 0.32% as the US government shutdown extends, and the Federal Reserve’s last meeting minutes showed that…
USD/JPY rallies to 153.00 as Greenback holds firm despite Fed’s dovish outlook
The Japanese Yen (JPY) remains under broad selling pressure, extending its slide against the US Dollar (USD) on Wednesday, with USD/JPY climbing to 153.00, its highest level since…
Dow Jones fumbles bullish attempt
The Dow Jones Industrial Average (DJIA) briefly tilted back into the bullish side on Wednesday, recovering recently lost ground and retesting the 46,800 level as major indexes look…
Markets’ attention shifts to Powell and the US shutdown
The US Dollar (USD) climbed further and hit new two-month highs on the back of shutdown concerns and the generalised risk-off theme hovering around the FX galaxy. In the meantime,…
AUD/USD steadies after weekly low amid FOMC Minutes, inflation focus
The AUD/USD pair trades steadily around 0.6580 on Wednesday during the US session, after hitting a fresh low for October at 0.6556. The Australian Dollar (AUD) finds some stability…
USD/CHF hits one-month high as US Dollar firms, SNB cut bets increase
USD/CHF pair strengthens on Wednesday, up 0.30% for the day to 0.8010 at the time of writing, its highest level for a month, as the US Dollar (USD) maintains a firm tone despite…
GBP/JPY climbs to 205.00 as markets push back BoJ hike bets
The British Pound (GBP) continues to climb against the Japanese Yen (JPY) on Wednesday, with GBP/JPY extending its winning streak for a fourth consecutive day as the Yen remains…
Fed Minutes to highlight division between hawks and doves
The Minutes of the United States (US) Federal Reserve’s (Fed) September 16-17 monetary policy meeting will be published on Wednesday at 18:00 GMT. The US central bank decided to…
A small step for OPEC – Commerzbank
The eight OPEC+ members that had recently voluntarily reduced their production decided over the weekend, as expected, to further scale back their production restrictions,…
USD extending broad gains against G10 – Scotiabank
The US Dollar (USD) remains well supported with broad gains against all of the G10 currencies, building on Monday’s strength in an environment of elevated political uncertainty in…