Trading news

West Texas Intermediate (WTI) oil price remains in the negative territory after experiencing volatility, trading around $97.00 per barrel during the Asian hours on Wednesday.

Silver price (XAG/USD) rises to around $73.85 during the early European trading hours on Wednesday. Markets might turn cautious ahead of the US Federal Reserve (Fed) interest rate decision. Traders will also closely monitor the development surrounding the ongoing conflict between the US and Iran. 

Gold prices rose in India on Wednesday, according to data compiled by FXStreet.

The USD/JPY pair struggles to capitalize on the previous day's goodish rebound from sub-159.00 levels, touched in reaction to the Bank of Japan's (BoJ) hawkish pause, and oscillates in a range during the Asian session on Wednesday.

Asian equity markets are trading mixed on Wednesday, following overnight losses on Wall Street as investors digest the latest developments surrounding the Organization of the Petroleum Exporting Countries (OPEC), along with a report highlighting signs of weakness at OpenAI.

Gold (XAU/USD) is seen consolidating around the $4,600 mark during the Asian session as traders keenly await the outcome of a two-day FOMC policy meeting, due later this Wednesday.

The EUR/USD pair consolidates around 1.1700, inside Tuesday’s trading range, during the Asian trading session on Wednesday.

EUR/JPY edges lower after three days of gains, trading around 186.80 during the Asian hours on Wednesday. The currency cross declines as the Euro (EUR) struggles amid heightened risk aversion driven by uncertainty over a potential ceasefire in the Middle East.

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 98.65 during the Asian trading hours on Wednesday.

The USD/CAD pair seesaws between tepid gains/minor losses, below the 1.3700 mark, during the Asian session on Wednesday amid a combination of diverging forces. The lack of progress in US-Iran peace talks continues to benefit the US Dollar's (USD) reserve currency status and supports spot prices.

The US officials said that President Donald Trump instructed aides to prepare for an extended blockade of Iran, the Wall Street Journal reported on Wednesday.

Reserve Bank of New Zealand (RBNZ) Governor Anna Breman said on Wednesday that “the first quarter measures of core inflation have remained stable within the target band of 1–3%.”

GBP/USD inches higher after registering little losses in the previous day, trading around 1.3520 during the Asian hours on Wednesday.

The AUD/JPY cross declines to around 114.50 during the early Asian trading hours on Wednesday. The Australian Dollar (AUD) softens against the Japanese Yen (JPY) following the release of the Australian inflation report.

The AUD/USD pair continues with its struggle to conquer the 0.7200 mark and drifts lower following the release of Australian consumer inflation figures during the Asian session on Wednesday.

Australia Quarterly RBA Trimmed Mean CPI (YoY) climbed from previous 3.4% to 3.5% in 1Q

Australia Quarterly Consumer Price Index (QoQ) meets forecasts (1.4%) in 1Q

Australia Quarterly Consumer Price Index (YoY) meets forecasts (4.1%) in 1Q

West Texas Intermediate (WTI) oil price gains ground for the third successive day, trading around $96.90 per barrel during the Asian hours on Wednesday.

Australia Quarterly RBA Trimmed Mean CPI (QoQ) declined to 0.8% in 1Q from previous 0.9%