June UK CPI fell to 2.6% YoY, below forecasts, but failed to halt the pound’s fifth consecutive daily decline against the dollar. The British pound’s decline moderated slightly on Wednesday after UK inflation cooled more than expected in June, though GBP/USD remained on tr
Rising WTI prices to $88 per barrel lift expectations for tighter Fed policy, weighing on the euro amid Middle East tensions. The EUR/USD pair trades flat near 1.1400, up just 0.08%, as escalating Middle East conflicts and surging oil prices limit the dollar’s downside. WT
Europe’s winter gas storage goal faces risks as competition for LNG supplies intensifies, Equinor’s CEO said. Europe’s push to refill natural gas storage to 80% ahead of winter may fail, Equinor CEO Anders Opedal said. The warning follows the company’s second-quarter earni
UOB expects the Chinese yuan to consolidate against the dollar with a bullish tilt, targeting a 6.7635-6.7755 range in the near term. UOB analysts Quek Ser Leang and Lee Sue Ann project USD/CNH to trade within a 6.7635 to 6.7755 range over the next 24 hours. The forecast f
Analysts expect the Chinese yuan to hold between 6.7635 and 6.7755 against the USD in the short term while maintaining a bearish outlook. United Overseas Bank analysts forecast USD/CNH consolidation between 6.7635 and 6.7755 over the next 24 hours, citing eased downward pr
NZD/USD trades lower near 0.5820 New Zealand’s Consumer Price Index rose 1.5% QoQ in the second quarter, above the 1.4% market forecast. The inflation figures could reinforce expectations that the Reserve Bank of New Zealand will maintain a restrictive monetary-policy
Billionaire investor cites central bank demand and fading fiat confidence as drivers for gold's sustained uptrend above $5,000. Gold’s recent push above $5,000 an ounce reflects early stages of a long-term bull market, according to billionaire investor Paulson. He argues s
The US Dollar weakens slightly amid rising geopolitical tensions and ahead of key ECB and Australian jobs data. The US Dollar Index (DXY) fell toward 101.10 on Wednesday, extending losses as investors sought safety in gold and oil. Escalating tensions in the Strait of Horm
Geopolitical risks in the Strait of Hormuz weigh on risk sentiment, pressuring the USD while boosting safe-haven assets ahead of key economic data. The US Dollar Index (DXY) retreated toward 101.13 on Wednesday, extending losses as escalating tensions between the US and Ir
US stock indices give up their gains and close lower on the day Alphabet beats Q2 estimates as cloud revenue surges and Gemini usage grows Tesla, Alphabet, ServiceNow, IBM, Texas Instruments all report after the close Iran broadens its threats as the rhetoric turns increasingly...</strong
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