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Gold tumbles as high US inflation supports Fed hawkish bets
Gold (XAU/USD) price drops over 1.37% on Wednesday as economic data from the United States (US) broadly aligned with estimates. Meanwhile, inflation remains close to the 4% threshold, increasing the likelihood of higher interest rates.
Wed, Aug 26
Crude Oil finds the tollbooth inside the Hormuz corridor
Crude Oil trades just above $82.00 and 1.78% higher on the session, which is not where it was heading.
Wed, Aug 26
Canadian Dollar: Tariff headlines but range intact against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret highlight that the Canadian Dollar (CAD) is slightly softer, tracking broader USD gains and weaker Oil, while USD/CAD trades almost exactly at their fair value estimate near 1.3862.
Wed, Aug 26
Swiss Franc falls against US Dollar as headline PCE inflation tops forecasts
The Swiss Franc (CHF) weakens against the US Dollar (USD) on Wednesday as the Greenback attracts buyers following the release of the latest United States (US) inflation data. Traders also remain attentive to developments in the Middle East.
Wed, Aug 26
Bitcoin vs Gold Price Prediction: Rally cools as US PCE inflation holds steady
Bitcoin (BTC) is edging lower, trading slightly above $78,000 on Wednesday. This correction comes after last week’s rally and the subsequent rejection around $81,000. The decline reflects cooling sentiment amid overheated market conditions and increased profit-taking.
Wed, Aug 26
British Pound retreats as sticky PCE revives Fed hike bets
Sterling retreats some 0.39% as the US Dollar stages a recovery after a US inflation report revealed that prices remained elevated, increasing the chances of seeing a rate hike by the Federal Reserve (Fed) towards the end of the year.
Wed, Aug 26
Dow Jones Industrial Average ignores a revision made of inflation
The Dow Jones Industrial Average trades a shade beneath 53,500 and roughly 100 points lower on the session, after a 12:30 GMT data drop the wires filed as uneventful.
Wed, Aug 26
Euro firms against British Pound on hopes of a Hormuz deal
EUR/GBP is trading around 0.8570 on Wednesday, on the front foot as hopes of a de-escalation in the Gulf hand the Euro (EUR) a modest lift.
Wed, Aug 26
Reserve Bank of Australia: Preemptive hike debate intensifies – TD Securities
Prashant Newnaha at TD Securities notes that the RBA’s August minutes were overall less hawkish than June, but still emphasized upside inflation risks and the possibility of preemptive tightening.
Wed, Aug 26
New Zealand Dollar dips, but RBNZ hike bets provide safety net
NZD/USD retreats to around 0.5940 on Wednesday at the time of writing, down 0.60% on the day. The New Zealand Dollar (NZD) loses ground against the US Dollar (USD), which finds some support following the release of the latest United States (US) inflation data.
Wed, Aug 26
Russia Industrial Output came in at 0.4% below forecasts (0.7%) in July
Wed, Aug 26
Silver Price Forecast: Buyers struggle below the 100-day SMA
Silver (XAG/USD) comes under selling pressure on Wednesday as the US Dollar (USD) strengthens following the latest United States (US) inflation data. At the time of writing, XAG/USD trades around $67.79, down nearly 1.26% on the day.
Wed, Aug 26
Polish Zloty: Policy divergence weighs on PLN against Euro – ABN AMRO
ABN AMRO’s Georgette Boele highlights that EUR/PLN has risen as interest rate expectations diverge between the Eurozone and Poland.
Wed, Aug 26
Australian Dollar stumbles as hot Australian CPI runs into a firmer US Dollar
AUD/USD is trading around 0.7170 on Wednesday, down slightly after a hot Australian inflation print ran straight into a firmer US Dollar.
Wed, Aug 26
Taiwan: AI boom sustains exceptional growth – Commerzbank
Commerzbank’s Dr. Henry Hao and Charlie Lay underscore that Taiwan’s industrial production and exports are surging on AI and high-performance computing demand. July manufacturing output and export orders point to Q3 GDP growth around 12–12.5% year-on-year, after 12.9% in Q2.
Wed, Aug 26
Canadian Dollar falls despite Oil gains as trade tensions take center stage
USD/CAD rises 0.30% on Wednesday, trading around 1.3880 at the time of writing.
Wed, Aug 26
Canada: Trade shock and GDP drag – TD Securities
TD Securities’ Robert Both analyzes the impact of new Section 338 US tariffs and Canada’s retaliation on the Canadian economy. The report estimates the combined measures will trim about 0.3 percentage points from GDP by 2027, with growth effects concentrated in late 2026.
Wed, Aug 26
Japanese Yen reverses earlier gains as US Dollar firms after PCE data
The Japanese Yen (JPY) gives up its earlier gains against the US Dollar (USD) on Wednesday as traders react to the latest United States (US) inflation data. At the time of writing, USD/JPY trades around 159.41, recovering from an intraday low of 158.88.
Wed, Aug 26
US Dollar: Pressure builds as risk premia rise – ABN AMRO
ABN AMRO’s Georgette Boele notes that sentiment towards the Dollar is weakening as fiscal concerns and rising risk premia outweigh the support from higher US Treasury yields.
Wed, Aug 26
Neither a confirmed hike nor a guaranteed pause: Why the Australian Dollar is climbing toward 0.7200
The Australian Dollar (AUD) is outperforming across global FX markets following higher-than-expected Consumer Price Index (CPI) data for July, which sharply lifted expectations for additional Reserve Bank of Australia (RBA) interest-rate hikes.
Wed, Aug 26
