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Forex
XAG/USD bulls defend uptrend as RSI cools, eyes breakout above $53.77
Silver (XAG/USD) extends its record-breaking advance on Wednesday, trading near $52.60 and up over 2.50% on the day after erasing the previous day’s losses. On Tuesday, Silver…
Likely to trade in a range between 7.1300 and 7.1450 – UOB Group
US Dollar (USD) is likely to trade in a range between 7.1300 and 7.1450. In the longer run, USD is expected to trade in a range between 7.1200 and 7.1550, UOB Group’s FX analysts…
Powell confirms what’s largely priced – MUFG
The US Dollar (USD) has weakened a little further during the Asian trading session following the selling yesterday helped by growing optimism in France that PM Lecornu has done…
EUR/GBP steady as France’s pension delay adds risks, UK rate cuts eyed
EUR/GBP trades flat for the day around 0.8710 on Wednesday at the time of writing, with markets balancing political risks in France and monetary prospects in the United Kingdom…
USD/JPY slumps to near 151.00 as US Dollar underperforms on Fed dovish bets
The USD/JPY pair is down 0.45% to near 151.00 during the European trading session on Wednesday. The pair faces selling pressure as the US Dollar (USD) underperforms its peers, with…
Pound Sterling rises despite escalating BoE dovish bets, UK GDP data eyed
The Pound Sterling (GBP) trades higher against a majority of its currency peers on Wednesday. The British Pound gains even as traders have raised bets supporting more interest rate…
Gold extends rally to $4,200 on dovish Fed, trade tensions
Gold (XAU/USD) prolongs its recent record-setting run and gains positive traction for the fourth straight day on Wednesday, with bulls looking to build on the momentum beyond the…
EUR/GBP weakens to near 0.8700, French government plans to postpone pension reforms
The EUR/GBP cross drifts lower to around 0.8705 during the early European session on Wednesday. The Euro (EUR) remains weak against the Pound Sterling (GBP) after France’s…
Bullish tone prevails, first upside barrier emerges near 99.50
The AUD/JPY cross holds steady near 98.50 during the early European trading hours on Wednesday. Renewed trade tensions between the US and China, and persistent geopolitical tension…
WTI remains subdued near $58.00 due to Oil oversupply outlook, US-China trade tensions
West Texas Intermediate (WTI) Oil price moves little after registering more than 1.5% losses in the previous session, trading around $58.10 during the Asian hours on Wednesday.…