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Euro steadies against Japanese Yen as ECB, BoJ rate-hike bets collide
EUR/JPY trades around 184.70 on Wednesday at the time of writing, edging 0.03% lower on the day.
Wed, Aug 19
Brazilian Real: Election risks then renewed gains – Commerzbank
Commerzbank FX analysts Norman Liebke and Michael Pfister see the Brazilian Real (BRL) supported by the Brazilian Central Bank’s (BCB) hawkish stance and still-elevated real interest rates.
Wed, Aug 19
Euro extends gains against British Pound as Eurozone inflation accelerates
The Euro (EUR) trades higher against the British Pound (GBP) on Wednesday, on track for a five-day winning streak, and received additional support after Eurozone final inflation figures confirmed higher price pressures in July.
Wed, Aug 19
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data. Silver trades at $63.10 per troy ounce, down 0.38% from the $63.35 it cost on Tuesday.
Wed, Aug 19
United Kingdom: Upside risks building for inflation – Deutsche Bank
Deutsche Bank’s Chief United Kingdom (UK) Economist Sanjay Raja notes that UK inflation data for July broadly matched expectations, with headline Consumer Price Index (CPI) rising and core CPI steady.
Wed, Aug 19
Euro remains stronger following July’s Eurozone HICP data
EUR/USD rises after registering minor losses in the previous day, trading around 1.1600 during the European hours on Wednesday. The pair holds ground as the Euro (EUR) remains stronger following the release of Eurozone Harmonized Index of Consumer Prices (HICP) data for July.
Wed, Aug 19
Copper: LME stock jump eases supply squeeze – ING
ING’s commodities team highlights that Copper prices on the LME have retreated sharply, falling below $14,000/t as a significant increase in on-warrant inventories eases the previous supply squeeze.
Wed, Aug 19
US Dollar: Higher yields threaten housing and risk sentiment – MUFG
MUFG’s Derek Halpenny highlights how elevated US Treasury yields and rising mortgage rates are beginning to weigh on the US housing market, with Housing Starts and Pending Home Sales softening.
Wed, Aug 19
Japanese Yen: BoJ’s hawkish pivot reshapes outlook against US Dollar - Standard Chartered
Standard Chartered strategists have revised its Bank of Japan (BoJ) rate outlook, bringing forward its expected 25bps hike from October to September and raising its terminal rate forecast to 1.75% from 1.50% previously.
Wed, Aug 19
Pump.fun Price Forecast: Bullish signs support long-term upside
Pump.fun (PUMP) is down 3% on Wednesday, easing after nearly 13% gains the previous day. PUMP derivatives point to increasing leverage-driven demand as Open Interest rises to a seven-month high of $258.62 million.
Wed, Aug 19
Swiss Franc picks up within range, USDollar softens awaiting Fed minutes
The Swiss Franc (CHF) appreciates moderately on Wednesday, as the US Dollar (USD) pulls back against major peers, with investors bracing for the release of the minutes of July’s Federal Reserve (Fed) monetary policy meeting, due later on the day.
Wed, Aug 19
Indian Rupee: Range-bound with RBI support against US Dollar – Commerzbank
Commerzbank FX analysts Charlie Lay and Moses Lim see USD/INR staying broadly stable as the Reserve Bank of India (RBI) keeps the policy repo rate at 5.25% and remains in wait-and-see mode.
Wed, Aug 19
Gold: Pullback risk with higher yields and Oil – OCBC
OCBC’s Sim Moh Siong and Christopher Wong note that Gold’s rebound has lost momentum as renewed Oil gains and higher long-end US yields revive inflation concerns. Daily charts show fading bullish momentum and a lower Relative Strength Index (RSI) from near overbought levels.
Wed, Aug 19
Dow Jones futures pause as tech sell-off, oil pressures weigh on sentiment
Dow Jones futures inch higher 0.06% to trade around 53,440 during European hours on Wednesday. Meanwhile, S&P 500 futures remain steady near 7,710, and Nasdaq 100 futures edge lower 0.03%, trading near 29,580.
Wed, Aug 19
United States Dollar Index slumps in countdown to FOMC minutes
The US Dollar (USD) trades lower against its major currency peers on Wednesday ahead of the Federal Open Market Committee (FOMC) minutes of the July policy meeting, which will be published at 18:00 GMT.
Wed, Aug 19
US Dollar: Range-bound trading as FOMC minutes loom – ING
ING’s Chris Turner notes that the Dollar remains supported by higher energy prices and long-end US yields, but FX volatility is still low, favouring carry trades.
Wed, Aug 19
WTI holds ground around $84.50 as supply risks increase due to US-Iran peace uncertainty
West Texas Intermediate (WTI) oil price moves sideways after three days of gains, trading around $84.50 per barrel during the European hours on Wednesday.
Wed, Aug 19
Euro: Extends rebound as yields stabilize against US Dollar - Danske Bank
Danske Research Team notes that EUR/USD has extended its rebound towards 1.1600 as European yields remain elevated while US Treasury yields stabilize after the recent spike.
Wed, Aug 19
USD/CAD Price Forecast: Bears look at 1.3850 support after rejection at 1.3900
The US Dollar (USD) resumes its broader bearish trend with the Canadian Dollar (CAD) drawing support from higher Oil prices and a deal with the US to pause 50% tariffs on Canadian exports.
Wed, Aug 19
British Pound: BoE outlook steady with CPI and jobs data – MUFG
Derek Halpenny at MUFG notes that UK July CPI came in broadly as expected, with the headline rate rising to 2.9% mainly on higher utility bills, while services inflation eased.
Wed, Aug 19
