EUR/CAD remains steady after five days of losses, trading around 1.6070 during the European hours on Wednesday. The currency cross moves little as the Euro (EUR) holds ground following the release of Germany’s Harmonized Index of Consumer Prices (HICP) data German i
British Pound holds steady above 1.3500 vs USD as traders eye US CPI ahead of UK GDP The GBP/USD pair extends its sideways consolidation around the 1.3500 psychological mark through the first half of the European session on Wednesday. Traders opt to wait on the sidelines a
The GBP/USD pair extends its sideways consolidation around the 1.3500 psychological mark through the first half of the European session on Wednesday. Traders opt to wait on the sidelines ahead of important macro data from the US and the UK The crucial US Consumer Pr
UK budget uncertainty affects sterling The UK government's planned flexibility in fiscal rules and higher infrastructure spending could increase gilt supply and tax speculation. The market may be more forgiving if the government is borrowing to invest, but extra gilt
Japanese Yen: Remains vulnerable against US Dollar - UOB UOB’s Quek Ser Leang and Lee Sue Ann observe USD/JPY consolidating near 159.25 after Monday’s sharp rise, with intraday trade expected between 158.95 and 159.60. While momentum is strong, deeply overbought conditions
UOB’s Quek Ser Leang and Lee Sue Ann observe USD/JPY consolidating near 159.25 after Monday’s sharp rise, with intraday trade expected between 158.95 and 159.60. While momentum is strong, deeply overbought conditions limit upside beyond 159.60 Over the next 1–3 week
Investors await US inflation figures that could influence Federal Reserve rate cut expectations and dollar strength. The Swiss Franc weakened against the US Dollar on Wednesday, with USD/CHF trading 0.17% higher at 0.8125. The move comes as markets focus on upcoming US Con
Societe Generale notes USD/MXN downside pressure persists as the pair struggles below its 200-day moving average. The Mexican Peso resumed its bullish trend against the US Dollar after USD/MXN failed to break above its 200-day moving average. Downside momentum remains inta
XAG/USD climbs toward key resistance as markets await July inflation figures to gauge Fed policy moves. Silver prices advanced to $66.00 in European trading, extending gains after rebounding from $64.20 support. The metal remains on an upward trajectory from August lows ne
Societe Generale notes USD/MXN failed to breach its 200-day moving average, targeting support levels at 16.65 and 16.25. The Mexican Peso resumed its downtrend against the US Dollar as USD/MXN struggled to clear its 200-day moving average. The pair is testing the lower end
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