Market News
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Dollar debasement talk, Japanese Yen carry trade unwinding offset USD safe-haven status
The US Dollar (USD) is failing to capitalise on the risk-averse market this week, as tensions in the Gulf escalate, threatening to widen into a full regional war.
United States MBA Mortgage Applications declined to -2.7% in September 4 from previous 0.8%
United States MBA Mortgage Applications declined to -2.7% in September 4 from previous 0.8%
EUR/USD Price Forecast: 1.1686-1.1710 zone remains key hurdle
The Euro (EUR) gives back its early gains and flattens at around 1.1625 against the US Dollar (USD) during the European trading session on Wednesday. The major currency pair falls back as the US Dollar recovers its early losses.
Portugal Global Trade Balance declined to €-9.51B in July from previous €-9.441B
Portugal Global Trade Balance declined to €-9.51B in July from previous €-9.441B
Japanese Yen: Supported by policy shift expectations – MUFG
MUFG’s Lee Hardman notes that the Japanese Yen (JPY) has strengthened, driving USD/JPY back towards 153.00, as comments from US Treasury Secretary Scott Bessent reinforce expectations of policy changes in Japan.
Australian Dollar slips against Japanese Yen as BoJ rate hike bets grow
AUD/JPY declines 0.27% on Wednesday and trades around 110.80 at the time of writing.
Gold Price Forecast: XAU/USD bounces up to $4,400 with the bearish trend intact
Gold (XAU/USD) trims losses on Wednesday, with price action returning to the $4,400 area during the European morning session, after bouncing from $4,345 lows on Tuesday.
Polish Zloty: Policy on hold keeps PLN supported against Euro – Societe Generale
Societe Generale’s Kenneth Broux and colleagues expect the NBP to keep rates unchanged at 3.75%, with Governor Glapiński emphasising flexibility and data dependence.
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data. Silver trades at $66.58 per troy ounce, up 1.23% from the $65.76 it cost on Tuesday.
USD/CAD Price Forecast: Remains below 1.3800 as bearish bias prevails
USD/CAD extends its losses for the third consecutive day, trading around 1.3780 during the European hours on Wednesday. The technical analysis of the daily chart indicates the pair is falling within the descending channel pattern, signalling a persistent bearish bias.
Copper: Record highs driven by tariff uncertainty – ING
ING’s commodities team notes Copper has surged to fresh records on the LME, with three‑month futures nearing $14,800/t, as traders position for potential US tariffs on refined Copper imports.
Riksbank: Limited hiking cycle versus ECB – Nomura
Nomura strategists expect Sweden’s central bank, the Riksbank to keep its policy rate on hold for the rest of 2026 and deliver only one 25 bp hike to 2.00% in early 2027.
Greece Consumer Price Index (YoY) increased to 3.8% in August from previous 3.4%
Greece Consumer Price Index (YoY) increased to 3.8% in August from previous 3.4%