Forex
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USD/CAD holds gains near 1.3850 amid increased risk aversion
USD/CAD appreciates as market sentiment weakens following fresh Trump tariff threats on Russia. Trump also condemned European nations for purchasing…
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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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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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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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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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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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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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South Korean Won Falls Amid Tariff Concerns and Firm Dollar
The South Korean won fell to around 1,394 per dollar on Wednesday, extending losses from the previous session as investors…
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EURUSD Rebounds After Better Than Expected PMI Reading From Germany
Germany: HCOB Composite PMI: 52.4 (est 50.7; prev 50.5) – HCOB Manufacturing PMI Sep P: 48.5 (est 50.0; prev 49.8)…
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EUR/USD pulls back from highs ahead of Eurozone business activity data
The Euro trims Monday’s gains, retreating below 1.1800 after hitting 1.1820 highs. Eurozone flash PMIs are expected to show that…
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