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Equities: Broad US pullback as tech limits losses - Deutsche Bank
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.
Wed, Sep 9
Experts agree: Faster BoJ tightening prospects fuel Japanese Yen’s remarkable surge
The Japanese Yen (JPY) trades firmly against its major currency peers this week. The USD/JPY pair is down 0.63% in the European trading session on Wednesday and 1.85% so far this week at around 153.00.
Wed, Sep 9
Indonesian Rupiah strengthens amid rising consumer confidence, weaker US Dollar
USD/IDR extends its losses for the second successive day, trading around 17,570 during the early European hours on Wednesday.
Wed, Sep 9
Euro nudges up above 1.1640 amid broad-based US Dollar weakness
The Euro (EUR) attempts to resume its uptrend against the US Dollar (USD) on Wednesday’s early European session despite the risk-off mood and the high Crude prices.
Wed, Sep 9
Canadian Dollar gains ground as Middle East tensions boost oil prices
The USD/CAD pair declines to around 1.3770 during the early European session on Wednesday. Reports of a US strike on Iranian tankers and attacks on Saudi infrastructure boost crude oil prices and lift the commodity-linked Canadian Dollar (CAD).
Wed, Sep 9
United States Dollar Index (DXY) bears eye August low around 98.50 ahead of US inflation
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, attracts sellers for the third straight day and drops to a nearly three-week low, around the 98.70-98.65 area, during the early European session on Wednesday.
Wed, Sep 9
Oil: Risk premium builds with Persian Gulf tensions – ING
ING analysts Warren Patterson and Ewa Manthey say Oil prices are grinding higher, with ICE Brent close to $100/bbl as Middle East tensions escalate and OPEC output falls.
Wed, Sep 9
Japanese Yen: Focus on strength and BoJ path – MUFG
MUFG’s Michael Wan highlights ongoing strength in the Japanese Yen, with recent USD/JPY volatility seeing the pair drop toward 152.88 before stabilizing near 153.26.
Wed, Sep 9
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 rate hike by the Bank of Japan (BoJ) at next week’s monetary policy meeting.
Wed, Sep 9
Euro: Volatility eyed into late week – Commerzbank
Commerzbank’s Antje Praefcke notes that EUR/USD is likely to stay relatively quiet until later in the week, when the European Central Bank (ECB) meeting and US inflation data could trigger stronger moves.
Wed, Sep 9
AUD/USD Price Forecast: Approaches four-year high near 0.7280
The Australian Dollar (AUD) is higher against its major currency peers, except the Japanese Yen (JPY), on Wednesday, trading 0.16% up at around 0.7230 against the US Dollar (USD) during the European session.
Wed, Sep 9
GBP/USD Price Forecast: Strengthens above 1.3550, upside bias intact while holding above 100-day SMA
The GBP/USD pair trades in positive territory around 1.3550 during the early European trading hours on Wednesday. UK Chancellor John Healey unveiled a series of measures designed to encourage economic growth and draw more private investment into the UK.
Wed, Sep 9
DeFi Development Corp launches CHAD as first SOL-backed Digital Credit instrument
DeFi Development Corp. (DFDV) has launched CHAD, a variable-rate perpetual preferred stock backed by the company’s Solana (SOL) treasury strategy.
Wed, Sep 9
Indian Rupee falls further as US-Iran tit-for-tat strikes boost oil prices
The Indian Rupee (INR) extends its decline against the US Dollar (USD) on Wednesday after a sharp correction the previous day. The USD/INR pair jumps marginally above 95.00 as surging energy prices have battered the Indian currency significantly.
Wed, Sep 9
Pi Network Price Forecast: PI rebound holds as momentum improves
Pi Network (PI) extends its recovery on Wednesday, trading above $0.098 after finding support around the 50-day Exponential Moving Average (EMA) earlier this week.
Wed, Sep 9
EUR/JPY Price Forecast: 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.
Wed, Sep 9
Swiss Franc strengthens as US Dollar holds losses despite Fed rate hike odds
USD/CHF loses ground for the third consecutive day, trading around 0.8090 during the Asian hours on Wednesday. The pair remains subdued as the US Dollar (USD) holds losses despite a hawkish tone surrounding the Federal Reserve (Fed) policy outlook.
Wed, Sep 9
WTI eases from three-month top and slips below $92.00; supply concerns to limit downside
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – touches a fresh three-month top, around the $92.50 area during the Asian session on Wednesday, though it lacks follow-through. Nevertheless, the commodity seems poised to climb further amid escalating US-Iran tensions.
Wed, Sep 9
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Wednesday, according to data compiled by FXStreet.
Wed, Sep 9
EUR/USD Price Forecast: Bullish bias remains above 1.1600 ahead of ECB and US inflation
The EUR/USD pair attracts fresh buyers during the Asian session on Wednesday, though it lacks bullish conviction and remains confined within the weekly range.
Wed, Sep 9
