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USD/CAD Price Forecast: Holds ground above 1.3700 near 50-day EMA
The USD/CAD pair remains stronger for the fourth successive day, trading around 1.3720 during the European hours on Wednesday. The technical analysis of the daily chart suggests a prevailing bearish sentiment as the pair consolidates within the descending channel pattern.
Fxstreet
Wed, Jul 16
Asian bonds see first monthly foreign outflow in five months
Foreign investors divest $2.11 billion from Asian bonds in JuneUS tariffs and Middle East tensions impact investor sentimentSouth Korean bonds see $2.68 billion foreign inflows, defying regional trend July 16 (Reuters) - Foreign investors pulled funds from Asian bonds in June for the first time i...Reuters
Wed, Jul 16
EUR: French political noise returns – ING
Some headlines about French politics might have gotten into the mix on a bad day for the euro yesterday, although no spillover into the OAT-Bund spread means the effect should have been marginal if anything, ING's FX analyst Francesco Pesole notes.Fxstreet
Wed, Jul 16
Silver Price Forecast: XAG/USD picks up to $38.00 favoured by a softer US Dollar
Silver (XAG/USD) is regaining some of the ground lost over the last two days and is picking up towards the $38.00 level. The US Dollar is giving up previous gains as the market digests the US CPI figures and shifts its focus towards the PPI report, due later today.
Fxstreet
Wed, Jul 16
Fitch analyst sees fiscal policy as main risk to Japan's credit rating
Trend has been towards looser fiscal policy in Japan: analystPolls suggest LDP likely to lose in upper house electionFitch has set Japanese credit rating at ASales tax cuts demanded by opposition could put pressure on ratingBy Makiko Yamazaki TOKYO, July 16 (Reuters) - Fitch Ratings sees fiscal p...Reuters
Wed, Jul 16
FOREX-Dollar drops versus euro and yen, US PPI data in focus
US drops after hitting multi-week highsMarket focus on PPI data later todaySome economists argue CPI figures will not slow down Fed cutsTrump remarks on Powell in focusBy Stefano Rebaudo and Rae Wee July 16 (Reuters) - The dollar fell versus the euro and yen on Wednesday after hitting multi-w...Reuters
Wed, Jul 16
EUR/USD regains lost ground with investors cautious following hot US inflation figures
The EUR/USD pair is posting minor gains on Wednesday, correcting higher after losing more than 0.5% on Tuesday. US Consumer Prices Index (CPI) figures confirmed the inflationary trend foreseen by the Federal Reserve (Fed), curbing hopes of rate cuts in the coming months.Fxstreet
Wed, Jul 16
GBP/JPY Price Forecast: Crucial upside barrier emerges near 200.00
The GBP/JPY cross trades with mild gains around 199.45 during the early European session on Wednesday. The hotter-than-expected UK June CPI inflation report provides some support to the Pound Sterling (GBP) against the Japanese Yen (JPY).
Fxstreet
Wed, Jul 16
Dollar firms with Treasury yields as Trump's tariffs cloud US rate outlook
SINGAPORE, July 16 (Reuters) - The U.S. dollar drew support from elevated Treasury yields on Wednesday, which in turn kept pressure on the yen after the latest U.S. inflation report showed signs that President Donald Trump's tariffs were beginning to feed into prices.Reuters
Wed, Jul 16
USD/CHF treads water above 0.8000 as US Dollar holds ground due to market caution
USD/CHF continues its winning streak for the third successive session, trading around 0.8020 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) remains stable, traders adopt caution ahead of the upcoming US Producer Price Index (PPI) later on Wednesday.Fxstreet
Wed, Jul 16
