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Germany GfK Consumer Confidence Survey above forecasts (-22.5) in June: Actual (-20.9)

FxstreetMay 29, 2024

Germany GfK Consumer Confidence Survey above forecasts (-22.5) in June: Actual (-20.9)

The USD/CHF pair trades flat around 0.9125 during the early European session on Wednesday.

FxstreetMay 29, 2024

USD/CHF holds steady above 0.9100 ahead of Swiss GDP data

Japan Consumer Confidence Index below expectations (38.9) in May: Actual (36.2)

FxstreetMay 29, 2024

Japan Consumer Confidence Index below expectations (38.9) in May: Actual (36.2)

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FxstreetMay 29, 2024
EUR/USD Price Analysis: Moves below 1.0850 despite a bullish bias
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FxstreetMay 29, 2024
WTI turns red below $80.00, Fed’s hawkish remarks limit gains
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FxstreetMay 29, 2024
Japanese Yen recovers early losses after BoJ Adachi favors to reduce bond-buying
FxstreetMay 29, 2024
USD/INR rises amid cautious mood, India election’s uncertainty
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FxstreetMay 29, 2024
USD/CAD appreciates to near 1.3650 due to a downward correction in Oil prices
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FxstreetMay 29, 2024
IMF lifts China’s economic growth target from 4.6% to 5% in 2024
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Forex

EUR/USD Price Analysis: Moves below 1.0850 despite a bullish bias

EUR/USD extended losses to near 1.0850 during the Asian session on Wednesday.
iconEUR/USD
Fxstreet
May 29, 2024
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Commodities

WTI turns red below $80.00, Fed’s hawkish remarks limit gains

Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $79.90 on Wednesday.
iconWTI
Fxstreet
May 29, 2024
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Forex

Japanese Yen recovers early losses after BoJ Adachi favors to reduce bond-buying

The Japanese Yen (JPY) recovers intraday losses that were influenced by a broad market downturn driven by risk aversion sentiment.
iconUSD/JPY
Fxstreet
May 29, 2024
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Forex

USD/INR rises amid cautious mood, India election’s uncertainty

Indian Rupee (INR) extends the decline amid the cautious mood on Wednesday.
Fxstreet
May 29, 2024
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Forex

USD/CAD appreciates to near 1.3650 due to a downward correction in Oil prices

USD/CAD edges higher for the second consecutive day, trading around 1.3650 during the Asian hours on Wednesday.
iconUSD/CAD
Fxstreet
May 29, 2024
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Economic Indicator

IMF lifts China’s economic growth target from 4.6% to 5% in 2024

Having upgraded China’s economic growth target from 4.6% to 5% in 2024, the International Monetary Fund (IMF) Deputy Managing Director lauded China’s effort to prop up its property market.
iconAUD/USD
Fxstreet
May 29, 2024
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Economic Indicator

BoJ’s Adachi: Central bank must maintain accommodative financial conditions until price goal achieved

Bank of Japan (BoJ) board member Seiji Adachi stuck to his dovish rhetoric during his speech on Wednesday.
iconUSD/JPY
Fxstreet
May 29, 2024
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Forex

Australian Dollar consolidates after robust Monthly inflation, US Dollar remains firm

The Australian Dollar (AUD) pared its daily losses after the higher-than-expected Monthly Consumer Price Index was released on Wednesday.
iconAUD/USD
Fxstreet
May 29, 2024
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Economic Indicator

Australia’s monthly CPI inflation rises to 3.6% YoY in April vs. 3.4% expected

Australia’s monthly Consumer Price Index (CPI) increased at an annual pace of 3.6% in the year to April, having risen 3.5% in March, data published by the Australian Bureau of Statistics (ABS) showed Wednesday.
iconAUD/USD
Fxstreet
May 29, 2024
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Economic Indicator

Australia Construction Work Done came in at -2.9%, below expectations (0.5%) in 1Q

Australia Construction Work Done came in at -2.9%, below expectations (0.5%) in 1Q
Fxstreet
May 29, 2024
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Economic Indicator

PBOC sets USD/CNY reference rate at 7.1106 vs. 7.1101 previous

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Wednesday at 7.1106, as against the previous day's fix of 7.1101 and 7.2528 Reuters estimates.
iconUSD/CNH
Fxstreet
May 29, 2024
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Economic Indicator

Australia Westpac Leading Index (MoM) climbed from previous -0.05% to 0% in April

Australia Westpac Leading Index (MoM) climbed from previous -0.05% to 0% in April
Fxstreet
May 29, 2024
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Economic Indicator

New Zealand ANZ Business Confidence: 11.2 (May) vs previous 14.9

New Zealand ANZ Business Confidence: 11.2 (May) vs previous 14.9
Fxstreet
May 29, 2024
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Forex

USD/JPY approaching 157.40 amidst broad Yen weakness

USD/JPY drifted into the high end on Tuesday, testing towards 157.40 as broad-market weakness in the Japanese Yen (JPY) sends Yen pairs broadly higher.
iconUSD/JPY
Fxstreet
May 29, 2024
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Commodities

Gold price edges lower amid Fed’s hawkish remarks

Gold price (XAU/USD) snaps the three-day winning streak on Wednesday amid the modest rebound of the Greenback.
iconGold
Fxstreet
May 29, 2024
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Forex

NZD/USD flattens out near 0.6140 after testing 11-week high

NZD/USD eased back into the 0.6140 level in early Wednesday trading as Kiwi traders await a reason to move.
iconNZD/USD
Fxstreet
May 29, 2024
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Forex

GBP/USD trims gains above 1.2750 amid US Dollar rebounds

The GBP/USD pair trades with mild losses around 1.2760 during the Asian session on Wednesday.
iconGBP/USD
Fxstreet
May 28, 2024
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