XAG/USD gains even as oil prices rebound, Fed policy awaited
Silver price (XAG/USD) trades 1.14% higher to near $57.80 during the Asian trading session on Wednesday. The white metal gains even as oil prices rebound strongly due to renewed conflicts between the United States (US) and Iran. At press time, the WTI Oil price is up 3.65% to near $81.20, snapping a three-day losing streak. […]
Japan’s Yen sleeps through a regional equity crash
The Yen trades a fraction under 164.00 on Tuesday, marginally weaker on the day, inside a 30-pip band with a floor above 163.50 and a high a few ticks beneath the standing cycle extreme. That extreme is the currency’s weakest level against the Dollar in four decades, and the pair has now spent three sessions […]
NZD/USD holds ahead of the Fed’s decision
NZD/USD trades nearly unchanged around the 0.5785 area on Tuesday, struggling to extend its earlier recovery despite a modest decline in the US Dollar (USD). The pair rebounded from recent lows but lost momentum as investors avoided large positions ahead of Wednesday’s Federal Reserve (Fed) monetary-policy announcement. The Greenback came under pressure after the Conference […]
Japanese Yen holds as markets await Tokyo inflation data
USD/JPY trades slightly higher near the 163.80 area on Tuesday, remaining close to multi-decade highs as the Japanese Yen (JPY) struggles to attract demand. Softer United States (US) consumer confidence data limited the US Dollar’s advance, although the pair maintained its upward bias. The Conference Board Consumer Confidence Index declined to 90.8 in July from […]
Silver slips as US-Iran talks lift risk appetite before Fed decision
Silver (XAG/USD) trades around $57.40 on Tuesday at the time of writing, down 1.71% on the day. The white metal is under pressure as the US Dollar (USD) regains some strength and investors reduce their exposure to safe-haven assets ahead of the Federal Reserve’s (Fed) monetary policy decision. Market sentiment improves following the latest comments […]
Limited upside for CAD against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note USD/CAD is trading near fair value around 1.4115, with the Canadian Dollar (CAD) constrained by wide short-term rate differentials versus the Dollar. Softer Oil is a mild drag, and while a Fed hold could allow some CAD gains, they do not expect meaningful improvement until rate spreads […]
Leadership change at BI sustains rupiah pressure – Commerzbank
Commerzbank’s Moses Lim argues that Bank Indonesia Governor Perry Warjiyo’s surprise resignation, following earlier high-profile departures, heightens concerns over policy continuity and institutional credibility as the Indonesian Rupiah (IDR) trades near historic lows versus the US Dollar (USD). Market focus now shifts to the choice of successor, with some candidates seen as reassuring and others […]
Political fragmentation clouds zloty outlook – Commerzbank
Commerzbank’s Tatha Ghose highlights that Poland’s Law and Justice party has split, with Mateusz Morawiecki forming Development Plus and polling above the Sejm threshold. While this could, in theory, reduce the risk of a dominant PiS government and lower the zloty’s political risk premium, competing scenarios of a fragmented, harder-to-manage right leave the overall Polish […]
New Zealand Dollar holds above 0.5750 on bullish USD, ahead of FOMC
The NZD/USD pair turns lower for the second consecutive day following a modest Asian session uptick to the 0.5785 region on Tuesday. Spot prices currently trade around the 0.5770-0.5765 area, just above last week’s swing low, as the US Dollar (USD) retains its bullish undertone amid geopolitical uncertainties. The US paused its bombing campaign against […]
WTI consolidates near one-week low as traders eye US–Iran talks
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – is seen consolidating the previous day’s heavy losses and trading around the $81.00 mark, just above a one-week high set during the Asian session on Tuesday. Traders now seem hesitant and opt to wait for further developments surrounding the Middle East crisis before […]
