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ECB's Kocher: Ready to take monetary policy action at any time if needed
European Central Bank (ECB) Governing Council member Martin Kocher said on Wednesday that the central bank prepared to implement monetary policy measures whenever necessary.Â
WTI Price Forecast: Consolidates around $79.00, above 200-day EMA and 23.6% Fibo.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – oscillates in a narrow band during the Asian session on Wednesday, consolidating its weekly gains to a nearly one-month peak set the previous day.
British Pound advances as US Dollar remains subdued following inflation data
GBP/USD rises for the second consecutive day, trading around 1.3400 during the Asian hours on Wednesday.
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Wednesday, according to data compiled by FXStreet.
Japan Tertiary Industry Index (MoM) came in at 1.1%, above forecasts (0.4%) in May
Japan Tertiary Industry Index (MoM) came in at 1.1%, above forecasts (0.4%) in May
EUR/USD Price Forecast: Bulls remain cautious below 23.6% Fibo. and 1.1470 hurdle
The EUR/USD pair attracts some dip-buyers following the previous day's pullback from the 1.1460-1.1470 horizontal resistance, though it remains confined within a multi-week-old range.
AUD/JPY Price Forecast: Gains traction above 113.00, bullish trend stays firm above 100-day SMA
The AUD/JPY cross trades in positive territory around 113.25 during the early European trading hours on Wednesday. The Japanese Yen (JPY) edges lower against the Australian Dollar (AUD) after reports regarding the Government Pension Investment Fund (GPIF).
Indonesian Rupiah firms after S&P Global reaffirms stable grade rating
USD/IDR loses ground for the second consecutive day, trading around 18,110 during the Asian hours on Wednesday. The pair depreciates as the Indonesian Rupiah (IDR) strengthens following S&P Global Ratings' reaffirmation of Indonesia’s investment-grade credit rating with a stable outlook.
Gold sticks to intraday losses as oil-driven inflation fears lift Fed rate hike odds
Gold (XAU/USD) maintains its offered tone through the first half of the European session on Wednesday and remains vulnerable after the previous day's failed attempt to find acceptance above the $4,100 mark.
United States Dollar Index stays below 101 as traders trim hawkish Fed bets
The US Dollar (USD) underperforms its major currency peers as traders have trimmed Federal Reserve (Fed) interest rate hike expectations for the current year, following the release of the softer-than-expected United States (US) Consumer Price Index (CPI) data for June.
Swiss Franc steadies as US Dollar declines following softer inflation data
USD/CHF steadies after registering 0.7% losses in the previous day, trading around 0.8090 during the Asian hours on Wednesday.
China’s NBS: The economy remains resilient despite Q2 slowdown
China’s Deputy Head of the National Bureau of Statistics (NBS) expresses confidence during the Asian market session on Wednesday that the economy remains resilient despite a slowdown in the second quarter this year.
EUR/JPY Price Forecast: Remains near the symmetrical triangle top around 185.50
EUR/JPY extends its gains for the third successive day, trading around 185.40 during the Asian hours on Wednesday. The currency cross is retaining a mildly bullish tone as it holds above both the nine-period and 50-period Exponential Moving Averages (EMAs).