Trading news

The AUD/USD pair surges to near the key level of 0.6300 in Wednesday’s European session.

India M3 Money Supply: 9.6% (January 20) vs previous 10.1%

USD/CNH is heavy near 7.2700. China’s private sector services growth traction unexpectedly slowed in January, Société Générale's FX analysts note.  

NZD/USD is consolidating recent gains triggered by broad USD weakness, Société Générale's FX analysts note.  

Following the first policy meeting of the year, the Federal Reserve (Fed) announced that it left the policy rate unchanged at 4.25%-4.5% in a widely anticipated decision.

Japanese Yen (JPY) is outperforming and 10-year JGB yields edged up to almost 1.30%, highest level since April 2011, Société Générale's FX analysts note.  

The USD/CAD pair extends its losing streak below the key level of 1.4300 in Wednesday’s European session.

EUR/USD advances above 1.0400 in Wednesday’s European session.

Instead of continuing to decline, US Dollar (USD) more likely to trade in a lower range of 7.2680/1.3200. In the longer run, outlook is mixed; USD could trade in a 7.2430/7.3580 range for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USD/JPY recently formed a lower peak near 158.85 than the one achieved last year at 162, BBH FX analysts report.

US Dollar (USD) is under mild downward pressure; it could edge lower, but any decline is unlikely to break below 153.70. In the longer run, for the time being, USD is likely to trade in a 153.70/156.70 range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

There were two key factors influencing oil prices yesterday, firstly downward pressure came from China announcing retaliatory tariffs against the US, which included targeting US energy flows.

Gold’s price (XAU/USD) has no limit and rallies for a fifth consecutive day in a row on Wednesday, accounting for more than 2% of gains this week and hitting fresh all-time highs near $2,870.

Eurozone Producer Price Index (YoY) came in at 0%, above forecasts (-0.1%) in December

Eurozone Producer Price Index (MoM) meets expectations (0.4%) in December

The US Dollar (USD) has continued to lose ground since the US border deal with Mexico and Canada was agreed on Monday.

New Zealand Dollar (NZD) is likely to trade in a 0.5605/0.5680 range. In the longer run, current price movements are likely part of a 0.5510/0.5705 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The Canadian Dollar (CAD) is reemerging from the tariff scare and is now up 1.5% since Friday’s close.

Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.

Australian Dollar (AUD) could break above 0.6265; any further advance is unlikely to reach the major resistance at 0.6310.