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Euro drifts away from 184.00 Yen despite hot German inflation figures
The Euro (EUR) is paring previous gains against the Japanese Yen (JPY) on Wednesday, weighed by a mild risk-off market mood as tensions in the Middle East grow.
Wed, Aug 12
Australian Dollar: Upside risk intact above support against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann note AUD/USD rebounded to close around 0.7062 after the RBA left its cash rate at 4.35%. Intraday, they see scope for the Australian Dollar to edge higher, though a sustained break above 0.7075 is unlikely.
Wed, Aug 12
Canadian Dollar: Looks to extend recovery against US Dollar – Societe Generale
Societe Generale’s Kenneth Broux highlights that the Canadian Dollar has recovered to its strongest level in two months, with USD/CAD mean‑reverting to 1.3933 from 1.4248.
Wed, Aug 12
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data. Silver trades at $66.56 per troy ounce, up 3.06% from the $64.58 it cost on Tuesday.
Wed, Aug 12
Uniswap Price Forecast: UNI risks steeper decline as bearish signals pile up
Uniswap (UNI) faces intense selling pressure, down nearly 6% on Wednesday after a 5% drop the previous day. The launch of Continuous Clearing Auctions on Avalanche enables teams to run on-chain token auctions and bootstrap liquidity, reducing friction in interoperability.
Wed, Aug 12
US Dollar: CPI-driven range signals carry focus – OCBC
OCBC’s Sim Moh Siong and Christopher Wong highlight that the US Dollar (USD) stayed mixed as markets waited for the key United States (US) Consumer Price Index (CPI) release, with Middle East tensions and hawkish Federal Reserve (Fed) rhetoric offsetting each other.
Wed, Aug 12
Oil: Hormuz risk supports prices – Commerzbank
Commerzbank’s Charlie Lay and Dr. Henry Hao note that Brent and WTI firmed as markets reassessed prospects for a Hormuz deal, with the previous close at USD88.91 for Brent and USD83.20 for WTI.
Wed, Aug 12
Euro moves little against Canadian Dollar following German HICP data
EUR/CAD remains steady after five days of losses, trading around 1.6070 during the European hours on Wednesday. The currency cross moves little as the Euro (EUR) holds ground following the release of Germany’s Harmonized Index of Consumer Prices (HICP) data.
Wed, Aug 12
British Pound holds steady above 1.3500 vs USD as traders eye US CPI ahead of UK GDP
The GBP/USD pair extends its sideways consolidation around the 1.3500 psychological mark through the first half of the European session on Wednesday. Traders opt to wait on the sidelines ahead of important macro data from the US and the UK.
Wed, Aug 12
Bitcoin Price Forecast: BTC faces volatility as US CPI data looms
Bitcoin (BTC) trades around $63,800 at the time of writing on Wednesday after falling more than 2% over the previous two days.
Wed, Aug 12
British Pound: Budget uncertainty leaves Sterling vulnerable against Euro - Rabobank
Rabobank's Senior FX Strategist Jane Foley outlines a cautious stance on UK fiscal prospects and their impact on EUR/GBP. The Burnham government’s planned flexibility in fiscal rules and higher infrastructure spending could mean more gilt supply and tax speculation.
Wed, Aug 12
Japanese Yen: Remains vulnerable against US Dollar - UOB
UOB’s Quek Ser Leang and Lee Sue Ann observe USD/JPY consolidating near 159.25 after Monday’s sharp rise, with intraday trade expected between 158.95 and 159.60. While momentum is strong, deeply overbought conditions limit upside beyond 159.60.
Wed, Aug 12
Swiss Franc weakens against US Dollar with US Inflation in focus
The Swiss Franc (CHF) is down against its major currency peers during the European trading session on Wednesday. As of writing, USD/CHF trades 0.17% higher at around 0.8125.
Wed, Aug 12
Silver Price Forecasts: XAG/USD resumes its uptrend, with bulls aiming for $67.17
Silver (XAG/USD) has returned to levels a few cents above $66.00 on Wednesday’s European session after finding support at the $64.20 area on Tuesday.
Wed, Aug 12
Mexican Peso: Bullish trend resumes against US Dollar - Societe Generale
Societe Generale’s Kenneth Broux highlights that USD/MXN failed to clear its 200‑day moving average, keeping downside momentum intact. The pair is attempting to break the lower end of a multi‑month range, with resistance at 17.17 and projected downside objectives at 16.65 and 16.50/16.25.
Wed, Aug 12
United States Dollar Index Price Forecast: Bulls await US CPI and breakout above 100.00
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, retains a positive bias for the third straight day on Wednesday, though it lacks bullish conviction.
Wed, Aug 12
Dow Jones futures remain steady as traders await US CPI data
Dow Jones futures are steady around 53,890 during European hours on Wednesday. Meanwhile, S&P 500 futures gain by 0.18% to trade around 7,760 and Nasdaq 100 futures rise 0.48%, trading near 29,770.
Wed, Aug 12
US CPI data set to show softer inflation in July as markets reassess Fed rate hike bets
The US Bureau of Labor Statistics (BLS) will publish the July Consumer Price Index (CPI) data on Wednesday. The report is expected to show a small decline in consumer inflation and core inflation.
Wed, Aug 12
Brazilian Real: Politics weighs but carry supports – ING
ING’s Chris Turner reports the Brazilian Real (BRL) underperformed in an otherwise supportive carry environment after a bank downgraded Brazilian equities and a new poll showed President Lula widening his lead ahead of October elections.
Wed, Aug 12
Indian Rupee: CPI and RBI repo rate risk skew higher – MUFG
MUFG’s Michael Wan notes India’s Consumer Price Index (CPI) is expected to edge up to 4.4% year-on-year from 4.3%. Reserve Bank of India (RBI) Governor Sanjay Malhotra said inflation is largely under control, supporting expectations for rates to stay on hold near term.
Wed, Aug 12
