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USD/CAD: Bearish momentum points to range trade – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar is steady against the Dollar, extending a consolidation phase as narrowing interest rate differentials and higher Oil prices support further CAD strength.
Fxstreet
Wed, Mar 11
EUR/USD slips as US CPI meets expectations
The Euro (EUR) weakens against the US Dollar on Wednesday as the Greenback strengthens after US inflation data came broadly in line with forecasts. At the time of writing, EUR/USD is trading around 1.1587, extending losses for the second straight day.
Fxstreet
Wed, Mar 11
AUD/USD rises as RBA rate hike bets grow, US inflation steady
AUD/USD trades around 0.7150 on Wednesday at the time of writing, up 0.42% on the day and extending its winning streak for a fourth consecutive day. The Australian Dollar (AUD) remains supported by growing expectations of monetary tightening from the Reserve Bank of Australia (RBA).
Fxstreet
Wed, Mar 11
Sterling firms up with traders split over oil risks
By Niket Nishant LONDON, March 11 (Reuters) - The British pound inched higher on Wednesday, in a choppy session that saw traders weighing fears of an oil supply shock from the Middle East conflict against reports of potential reserve releases.Sterling GBP= rose 0.1% to $1.3430 against the dolla...Reuters
Wed, Mar 11
REFILE-ROI-The dangerous politics of US oil-driven redistribution: Mike Dolan
By Mike Dolan LONDON, March 11 (Reuters) - U.S. stock market indexes have weathered this month's oil shock well so far because investors expect only a glancing overall GDP hit from higher energy costs. But that resilience masks a potentially toxic shift of income from households to "Big E...Reuters
Wed, Mar 11
EUR/USD: Capped by 200dma before US CPI – Societe Generale
Societe Generale analysts describe EUR/USD as quiet within its recent range, with spot capped by the 200‑day moving average at 1.1676 ahead of US CPI. They flag support at 1.1560 and resistance at 1.1735, alongside sizeable nearby option expiries.Fxstreet
Wed, Mar 11
AUD/USD: Bullish breakout targets higher levels – Societe Generale
Societe Generale analysts highlight that AUD/USD has broken out of consolidation and is in a steady uptrend, supported by its 50‑DMA. The bank notes bullish momentum with a potential return towards 0.72 and upside targets at 0.7220/0.7250 and 0.7400.Fxstreet
Wed, Mar 11
EUR/USD: Hawkish ECB talk meets Oil risk – ING
ING’s Francesco Pesole highlights that hawkish comments from ECB officials, including President Lagarde and Peter Kazimir, have reinforced market pricing for a rate hike within six months, though ING still sees this as a lower-probability scenario.Fxstreet
Wed, Mar 11
Silver Price Forecast: XAG/USD hovers around $87.00 as sentiment improves
Silver price (XAG/USD) remains flat after experiencing modest volatility, trading around $87.20 per troy ounce during the European hours on Wednesday. The safe-haven Silver may lose ground amid optimism that the Middle East conflict may have a smaller impact on inflation than initially feared.
Fxstreet
Wed, Mar 11
Japanese Yen struggles as BoJ policy outlook remains uncertain
USD/JPY gains ground for the second successive session, trading around 158.30 during the European hours on Wednesday. The pair appreciates as the Japanese Yen (JPY) struggles due to uncertainty surrounding the Bank of Japan (BoJ) policy outlook.
Fxstreet
Wed, Mar 11
Pound Sterling rises as sentiment improves on lower oil prices
GBP/USD gains ground after registering little losses in the previous session, trading around 1.3450 during the Asian hours on Wednesday. The Pound Sterling (GBP) strengthens against its peers amid optimism that the Middle East conflict may have a smaller impact on inflation than initially feared.
Fxstreet
Wed, Mar 11
USD/CAD Price Forecast: Seems vulnerable near 1.3560 as technical breakdown remains in play
The USD/CAD pair sticks to its modest intraday losses through the early European session on Wednesday and currently trades just above mid-1.3500s, down nearly 0.15% for the day. Spot prices, meanwhile, remain close to a nearly one-month low, touched on Monday, and seem vulnerable to slide further.Fxstreet
Wed, Mar 11
