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Forex
USD/JPY retreats as Japan warns on excessive FX moves
The Japanese Yen (JPY) strengthens against the US Dollar (USD) on Wednesday after fresh warnings from Japanese authorities revived speculation of possible intervention to curb…
Cautiously optimistic on inflation moving back to target
President of the Federal Reserve (Fed) Bank of Philadelphia Anna Paulson said on Wednesday that she sees further rate cuts later this year if the forecast meets their expectations.…
Kennametal (KMT) surges 8.3%: Is this an indication of further gains?
Kennametal (KMT - Free Report) shares rallied 8.3% in the last trading session to close at $33.28. This move can be attributable to notable volume with a higher number of shares…
EUR/USD consolidates losses with all eyes on US PPI, Retail Sales data
EUR/USD remains hovering within a tight range around the 1.1650 level, showing a flat performance on the daily chart. The softer-than-expected US core Consumer Price Index (CPI)…
Pound Sterling gains ahead of key UK GDP data
The Pound Sterling (GBP) gains against its major peers, except antipodeans, on Wednesday. The British currency trades higher ahead of the United Kingdom (UK) monthly Gross Domestic…
Unveils military and budget support for Ukraine
European Union (EU) Commission President Ursula von der Leyen announced the allocation of funds for Ukraine’s military and budget support during the European trading session on…
Major support at 0.6655 is not expected to come into view – UOB Group
There is a chance for Australian Dollar (AUD) to test 0.6670; the major support at 0.6655 is not expected to come into view. In the longer run, the current price movements are…
Indian Rupee gains on positive US-India trade talks
The Indian Rupee (INR) trades higher against the US Dollar in the opening session on Wednesday. The USD/INR pair drops to near 90.30 as the Indian Rupee gains on the outcome of…
EUR/JPY hits record highs above 185.50 due to Japan fiscal concerns
EUR/JPY extends its winning streak for the fourth successive session and reaches fresh all-time highs, trading around 185.40 during the early European hours on Wednesday. The…
Retail Sales can take the US Dollar out of its lethargy
The United States (US) Census Bureau will publish November Retail Sales on Wednesday. The delayed data is expected to show that sales rose a modest 0.4% in the month, following no…