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Economics

Australia 10-Year Yield Climbs After Hot CPI Data
Australia’s 10-year bond yield climbed to 4.22%, the highest level in two weeks, after hotter-than-expected inflation reading dampened hopes of…
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Forex

Offshore Yuan Hovers Near 1-Year High
The offshore yuan traded around 7.09 per dollar on Wednesday, hovering near a one-year high as optimism persisted ahead of…
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Soft Commodities

Palm Oil Plunges to 12-Week Low
Malaysian palm oil futures tumbled around 1.7% to below MYR 4,250 per tonne, extending losses for the fourth consecutive session…
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Forex

EUR/USD softens below 1.1650 ahead of Fed rate decision
EUR/USD weakens to around 1.1635 in Wednesday’s Asian session. De-escalating US-China tensions weighs on the Euro. Fed is widely expected to…
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Forex

NZD/USD sits near three-week top; stays below 0.5800 amid modest USD uptick, ahead of Fed
NZD/USD retains a positive bias amid the US-China trade optimism, though it lacks bullish conviction. A modest USD uptick acts…
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Forex

Australian Dollar holds gains as domestic inflation rises in Q3
Australian Dollar advances as the domestic Consumer Price Index rose 1.3% QoQ in Q3. The AUD gains ground from the…
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Metals

Gold recovers further from three-week low as traders await FOMC rate decision
Gold reverses an Asian session dip on Wednesday, though it lacks follow-through buying. The US-China trade optimism acts as a…
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Forex

GBP/USD falls to near 1.3250 due to increased BoE rate cut bets, Fed policy awaited
GBP/USD loses ground as Pound Sterling weakens on rising odds of BoE rate cuts. Traders now see about a 68%…
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Forex

USD/CAD holds losses below 1.3950 ahead of policy decisions from Fed, BoC
USD/CAD depreciates as the US Dollar struggles due to the increased likelihood of a 25-basis-point rate cut by the Fed.…
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Forex

AUD/JPY gathers strength above 100.00 on hot Australian CPI inflation data
AUD/JPY gains ground around 100.30 in Wednesday’s Asian session. Australia’s CPI inflation rose to 1.3% QoQ in Q3, hotter than expected. …
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