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EUR/GBP approaches 0.8660 support area again, weighed by strong UK inflation data
The Euro recovery attempts against the British Pound have been capped at 1.1680 during Wednesday’s European session, and the pair has pulled back to levels near the 0.8660 with the Pound buoyed by strong UK inflation figures.The broader trend, however, remains positive.
Fxstreet
Wed, Jul 16
NZD/USD: Likely to consolidate in a range of 0.5935/0.5975 – UOB Group
New Zealand Dollar (NZD) is likely to consolidate in a range of 0.5935/0.5975 against US Dollar (USD). In the longer run, NZD could continue to weaken, but it may consolidate first before heading lower toward 0.5920, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Jul 16
AUD/USD gives back major early gains ahead of Aussie Employment data
The AUD/USD pair surrenders a majority of its initial gains during the European session on Wednesday. Still, the Aussie pair trades 0.10% higher to near 0.6540. The pair snaps three-day losing streak as the US Dollar (USD) struggles to extend its upside after refreshing three-week high on Tuesday.Fxstreet
Wed, Jul 16
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
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
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
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