Browsing: Currencies
Silver price rebounds as US Dollar softens but Fed hike fears linger
Silver (XAG/USD) rebounds on Wednesday and trades around $67.50 at the time of writing, up 2.64% on the day. The white metal benefits from broad…
US ADP Employment Change 4-week average increases to 12K
Private-sector hiring in the US has gained some pace in late August. According to the NER Pulse, the weekly companion to the ADP National Employment…
Riksbank seen keeping hike option – Commerzbank
Commerzbank’s Antje Praefcke argues that despite currently low Swedish inflation readings, the Riksbank is likely to maintain its guidance that the…
Supported by policy shift expectations – MUFG
MUFG’s Lee Hardman notes that the Japanese Yen (JPY) has strengthened, driving USD/JPY back towards 153.00, as comments from US Treasury Secretary…
Silver price today: rises on September 9
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data. Silver trades at $66.58 per troy ounce, up 1.23% from the $65.76 it cost on…
Changing fundamentals challenge carry – Rabobank
Rabobank’s Senior FX Strategist Jane Foley says speculation over a structural shift in Japanese Yen (JPY) valuation is challenging traditional carry…
Equities: Broad US pullback as tech limits losses
Deutsche Bank strategists note a broad-based decline in US equities, with the S&P 500 down 0.58% and more than 70% of its constituents lower…
British Pound dips to 207.50 as Japanese Yen rallies, unfazed by Oil prices
The British Pound (GBP) extends losses on Wednesday as the Japanese Yen (JPY) rallies across the board, with investors bracing for a quarter-point…
Softens to near 178.50, retains bearish bias despite oversold RSI
The EUR/JPY cross trades in negative territory near 178.50 during the early European trading hours on Wednesday. The Japanese Yen (JPY) edges higher…
Upside bias holds above 1.1600 before ECB, US CPI
The EUR/USD pair attracts fresh buyers during the Asian session on Wednesday, though it lacks bullish conviction and remains confined within the…