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Eurozone Industrial Production contracts 0.1% in July
The Eurozone industrial sector activity declines 0.1% in July, according to data published by Eurostat.
Wed, Sep 16
GBP/USD Price Forecast: Fails near 1.3500 as bears eye 200-SMA ahead of Fed decision
The GBP/USD pair attracts fresh sellers following an intraday uptick to the 1.3500 neighborhood and drops to the lower end of its daily range during the first half of the European session on Wednesday.
Wed, Sep 16
Euro: 1.150 target nears on Fed risk against US Dollar – ING
ING’s Francesco Pesole highlights that the Federal Reserve announcement could push EUR/USD towards the 1.150 target.
Wed, Sep 16
WTI falls near $100 as Saudi adds Oman route, US stocks surge
West Texas Intermediate (WTI) oil price depreciates after posting nearly 3% gains in the previous day, trading around $100.00 per barrel during European hours on Wednesday.
Wed, Sep 16
USD/JPY Price Forecast: Retreats from 155.50 with Fed’s policy in focus
The Japanese Yen (JPY) turns flat against the US Dollar (USD) at around 155.00 in the European trading session on Wednesday after recovering its early losses.
Wed, Sep 16
Equities: Fed focus and energy shock – Deutsche Bank
Deutsche Bank’s Henry Allen and colleagues note that the S&P 500 has retreated to a six‑week low as higher Oil prices and stagflation fears weigh on risk assets.
Wed, Sep 16
Euro gains against Canadian Dollar as oil prices retreat on rising US crude inventories
EUR/CAD extends its gains for the second consecutive day, trading around 1.6090 during European hours on Wednesday. Traders are closely watching the European economic calendar, as the seasonally adjusted Eurozone Industrial Production figures for July are scheduled for release later in the day.
Wed, Sep 16
Oil: Supply risks and central bank pressures – Rabobank
Rabobank’s Senior Macro Strategist Bas van Geffen highlights escalating Middle East tensions, with Houthi attacks and damage to Saudi infrastructure forcing more Oil flows through the Strait of Hormuz.
Wed, Sep 16
Norwegian Krone: Norges Bank weighs inflation and growth – Commerzbank
Commerzbank’s Antje Praefcke highlights uncertainty over whether Norges Bank will hike in September or wait until December. Inflation remains above target despite a recent downside surprise, while growth is described as close to normal.
Wed, Sep 16
Dow Jones futures tick higher ahead of Fed interest rate decision
Dow Jones futures gain by 0.14% to trade near 52,190 during European hours on Wednesday. Meanwhile, S&P 500 futures rise by 0.21% to trade around 7,600, while Nasdaq 100 futures advance by 0.42% to trade near 29,080.
Wed, Sep 16
NZD/USD Price Forecast: Bounces off two-month low; seems vulnerable near mid-0.5700s
The NZD/USD pair bounces off an over two-month low, around the 0.5735 area touched earlier this Wednesday, though it lacks any follow-through buying.
Wed, Sep 16
Silver Price Forecast: XAG/USD jumps to near $65 ahead of Fed’s interest rate decision
Silver price (XAG/USD) is up 1.8% to near $64.80 during the European trading session on Wednesday. The white metal trades firmly ahead of the Federal Reserve’s (Fed) monetary policy announcement at 18:00 GMT.
Wed, Sep 16
Swiss Franc: Watching break of 0.8205 against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann see USD/CHF consolidating just below major resistance at 0.8205 after trading between 0.8164 and 0.8198.
Wed, Sep 16
USD/CAD Price Forecast: Eyes 1.3950 near ascending channel top
USD/CAD continues its winning streak for the sixth consecutive day, trading around 1.3930 during European hours on Wednesday. The technical analysis of the daily chart indicates that the price is positioned slightly below the top trendline of an ascending channel, suggesting an ongoing bullish bias.
Wed, Sep 16
US Dollar: Warsh guidance keeps Greenback supported – ING
ING strategists Francesco Pesole and Frantisek Taborsky note that markets fully expect the Federal Reserve to raise rates by 25bp to 4.0%, with a surprise hold seen as materially negative for the Dollar.
Wed, Sep 16
United States Dollar Index (DXY) eases from two-week top, holds above 99.50 ahead of Fed
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, retreats slightly from a two-week high, retested earlier this Wednesday, though it lacks follow-through selling.
Wed, Sep 16
Equities: Consumer sectors under pressure from energy shock – Danske Bank
Danske Bank’s Danske Research Team observes that global equities closed lower on Tuesday, with Energy the only sector in positive territory as Oil prices surged.
Wed, Sep 16
British Pound: Rising price pressures challenge BoE – Deutsche Bank
Deutsche Bank’s Sanjay Raja notes that United Kingdom (UK) inflation rose in August, with headline Consumer Price Index (CPI) at 3.1% year-on-year, its highest since December last year. While Core CPI and food inflation remained subdued, energy and services prices showed worrying strength.
Wed, Sep 16
Euro ticks higher against British Pound following UK CPI data
The Euro (EUR) edged up against a softer British Pound (GBP) after UK Consumer Prices Index (CPI) data revealed that inflation grew in line with market expectations in August.
Wed, Sep 16
AUD/USD Price Forecast: Trades with caution ahead of Fed’s policy outcome
The Australian Dollar (AUD) trades slightly lower at around 0.7125 against the US Dollar (USD) during the European trading session on Wednesday.
Wed, Sep 16
