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Forex

GBP/USD softens to near 1.3500 on weaker UK PMI data
GBP/USD loses traction to around 1.3510 in Wednesday’s early European session. UK S&P Global Composite PMI declined to 51.0 in…
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Energies

WTI holds losses near $63.50 despite growing supply concerns
WTI price may regain its ground amid rising Oil supply concerns. API Weekly Crude Oil Stock decreased by 3.8 million…
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Forex

EUR/JPY Positive bias prevails, key upside barrier emerges near 175.00
EUR/JPY trades with mild gains around 174.50 in Wednesday’s early European session. A positive view of the cross prevails above…
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Forex

JPY weakens further against a broadly firmer USD; downside seems cushioned
The Japanese Yen drifts lower in reaction to the disappointing Japan Manufacturing PMI. A modest USD uptick further contributes to…
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Metals

Gold remains close to all-time high amid Fed rate cut bets and geopolitical risks
Gold attracts dip-buyers on Wednesday and stalls the overnight pullback from the all-time peak. Fed rate cut bets and geopolitical…
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Markets

US Dollar Index rises to near 97.50 due to risk-off sentiment, Fed caution
US Dollar Index gains ground as Fed Powell emphasized the need to balance persistent inflation with a weakening labor market.…
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Forex

USD/CHF trades calmly around 0.7920, SNB’s interest rate policy comes under spotlight
USD/CHF consolidates around 0.7920 as the US Dollar trades calmly after Fed Powell’s speech. Fed Powell signals caution on reducing…
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Metals

Gold Hovers Near Record High
Gold dipped to around $3,750 per ounce on Wednesday, but staying near the fresh record set in the previous session,…
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Markets

Hong Kong Shares Inch Higher
Stocks in Hong Kong edged up 27 points, or 0.1%, to 26,186 in Wednesday morning trade, trying to reverse losses…
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Forex

Offshore Yuan Weakens
The offshore yuan weakened to around 7.11 per dollar on Wednesday, snapping a two-session winning streak as cautious remarks from…
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