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WTI Price Forecast: Rises to near $85.00 on supply disruption, but remains capped below 100-day SMA
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $84.90 during the early European trading hours on Wednesday. The WTI rises as rising tensions in the Middle East raise fears of further disruptions to global oil supplies and international trade. Â
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Wednesday, according to data compiled by FXStreet.
Gold ease from two-week top as energy-driven inflation fears bolster Fed hike bets
Gold (XAU/USD) retreats slightly from a two-week high touched earlier this Wednesday, albeit it retains an intraday bullish bias through the first half of the European session.
EUR/JPY Price Forecast: Tests ascending triangle top above 186.00
EUR/JPY extends its gains for the second successive day, trading around 186.20 during the Asian hours on Wednesday. The currency cross is retaining a bullish near-term bias as it holds above both the nine-period and 50-period Exponential Moving Averages (EMAs).
Japan Adjusted Merchandise Trade Balance down to „-881.9B in June from previous „-90.4B
Japan Adjusted Merchandise Trade Balance down to „-881.9B in June from previous „-90.4B
Australia Westpac Leading Index (MoM) rose from previous -0.04%Â to 0% in June
Australia Westpac Leading Index (MoM) rose from previous -0.04%Â to 0% in June
Silver Price Forecast: XAG/USD rises to near $60.00 despite surging inflation fears
Silver price (XAG/USD) gains ground for the fourth successive day, trading around $59.70 per troy ounce during the Asian hours on Wednesday. Silver prices are surging despite rising rate-hike expectations, as powerful market forces outweigh the drag of higher interest rates.
US Secretary of State Rubio: Iranian control of Hormuz would have repercussions beyond Middle East
In Wednesdayâs Asian session, the US Secretary of State Marco Rubio told Southeast Asian foreign ministers that Iranian control of the Strait of Hormuz, a vital passage to almost 20% of global energy supply, would set a dangerous precedent with repercussions beyond the Middle East.
United States Dollar Index weakens to near 101.00 despite mounting Middle East tensions
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 101.15 in the Asian trading hours on Wednesday. The DXY declines amid US Federal Reserve (Fed) rate uncertainty.
US President Donald Trump approves US-Saudi Arabia nuclear deal
US President Donald Trump approved a landmark agreement with Saudi Arabia that could potentially provide the kingdom with uranium enrichment capability for its civilian nuclear program, the Wall Street Journal reported on Wednesday.Â
Yemenâs Houthis threaten Bab el-Mandeb closure, putting another trade chokepoint at risk
Yemenâs Houthis said that they have closed the Bab el-Mandeb Strait to Saudi-linked shipping in retaliation for the kingdomâs blockade on Yemen and a recent attack on the international airport in Yemenâs rebel-held capital, Sanaa, the Guardian reported on Wednesday.
US CENTCOM says it has completed 11th night of strikes on IranÂ
The United States Central Command (CENTCOM) said that it completed another night of attacks that targeted âmilitary operations centers, maritime capabilities, aircraft hangars, drone storage facilities, and military logistics infrastructure to further degrade Iranâs ability to threaten commercial sh
United Kingdom CPI inflation eases to 2.6% YoY in June vs. 2.7% forecast
The United Kingdom (UK) headline Consumer Price Index (CPI) rose 2.6% over the year in June, compared to a rise of 2.8% in May, the data released by the Office for National Statistics (ONS) showed on Wednesday.Â