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Forex
USD/CAD Price Forecast: Approaches 20-day EMA on the back of US-Canada trade dispute
The US Dollar (USD) trades 0.2% higher at around 1.3870 against the Canadian Dollar (USD) during the European trading session on Wednesday. The Loonie pair strengthens as the Canadian Dollar underperforms due to trade tensions between the United States (US) and Canada.
USD/CAD
Fxstreet
Wed, Aug 26
Commodities
Gold Price Forecast: XAU/USD corrects to near $4,620 in countdown to US PCE Inflation data
Gold price (XAU/USD) is down 0.75% to near $4,620 during the European trading session on Wednesday.
Gold
Fxstreet
Wed, Aug 26
Cryptocurrencies
Crypto Today: Bitcoin, Ethereum, XRP broadly consolidate ahead of the next leg up
Bitcoin (BTC) has retained a strong bullish outlook since last week, trading around $79,000 on Wednesday. As the Crypto King consolidates, bulls appear to be mulling another breakout attempt to reclaim $80,000 and push beyond the supply zone at $82,500.
Bitcoin
Ethereum
XRP
Fxstreet
Wed, Aug 26
Forex
Japanese Yen: BoJ hike expectations support JPY against US Dollar – MUFG
MUFG’s Derek Halpenny notes the Japanese Yen is firmer versus most G10 currencies as markets increasingly price a Bank of Japan rate hike in September.
USD/JPY
Fxstreet
Wed, Aug 26
Commodities
WTI Oil drops below $80 amid hopes of Hormuz reopening, US-Iran de-escalation
Crude prices extend their reversal on Wednesday, with the US benchmark West Texas Intermediate (WTI) trading at the $79.50 area as of writing, highlighting a 9% decline from last week’s highs above $87.00.
Brent
WTI
Fxstreet
Wed, Aug 26
Economic Indicator
Australian Dollar: Watching 0.7200 resistance against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note AUD/USD extended its consolidation slightly higher, closing at 0.7165 as short-term momentum improves.
AUD/USD
Fxstreet
Wed, Aug 26
Economic Indicator
Hungarian Forint: Recovery tied to euro entry story – ING
ING’s Chris Turner reports that the National Bank of Hungary cut its policy rate by 25bp to 5.50%, with Chief Economist Peter Virovacz seeing a 4.75% terminal rate.
EUR/HUF
USD/CZK
Fxstreet
Wed, Aug 26
Commodities
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data. Silver trades at $68.54 per troy ounce, down 0.16% from the $68.65 it cost on Tuesday.
Silver
Fxstreet
Wed, Aug 26
Indices
US Dollar Index: Range trade persists as data soft – DBS
DBS Group Research economist Philip Wee notes that the DXY Index’s recent recovery stalled slightly above 99 and has reverted to a 98.5–99.0 range after last week’s sell-off linked to higher US long bond yields.
US Dollar Index
Fxstreet
Wed, Aug 26
Forex
EUR/JPY Price Forecast: Tests nine-day EMA confluence support near 185.00
EUR/JPY depreciates after registering modest gains, trading around 185.60 during the European hours on Wednesday. The technical analysis of a daily chart indicates that the currency cross is remaining within the ascending channel pattern, signaling an ongoing bullish bias.
EUR/JPY
Fxstreet
Wed, Aug 26
Cryptocurrencies
Russia rolls out digital ruble on Sept. 1, keeps crypto payments banned
On the 1st of September, major telecom firms and e-commerce businesses in Russia will introduce the digital ruble which will be a step further in promoting the state-supported currency in daily transactions while preventing the adoption of cryptocurrencies. Moscow takes a solid stance in the world of cryptocurrencies. The country allows investment and transactions involving...
Cryptopolitan
Wed, Aug 26
Commodities
Brent: Diplomatic progress weighs on prices – OCBC
OCBC Bank strategists Sim Moh Siong and Christopher Wong note that improved prospects for shipping through the Strait of Hormuz and diplomatic developments involving Iran and Oman have eased supply concerns, pushing Brent crude below USD90/bbl.
Brent
Fxstreet
Wed, Aug 26
Indices
US Dollar: Shaky basis trade risks weigh – Commerzbank
Commerzbank’s Volkmar Baur explains how the US Treasury Secretary’s vague secondary sanctions comments and falling US yields have left the Dollar stabilizing but vulnerable.
US Dollar Index
Fxstreet
Wed, Aug 26
Commodities
Silver Price Forecast: XAG/USD bulls await break above $70.00 amid mixed setup
Silver (XAG/USD) continues its struggle to make it through the $70.00 psychological mark and extends its two-way price moves through the first half of the European session on Wednesday.
Silver
Fxstreet
Wed, Aug 26
Forex
Swiss Franc ticks up against US Dollar despite bright Swiss ZEW economic expectations
The Swiss Franc (CHF) is trading lower against the US Dollar (USD) on Wednesday, but it has managed to trim some losses after the release of an upbeat Swiss ZEW Economic Expectations Index.
USD/CHF
Fxstreet
Wed, Aug 26
Forex
Australian Dollar remains stronger as CPI YoY climbs in July
AUD/USD extends its gains for the second consecutive day, trading around 0.7180 during the European hours on Wednesday.
AUD/USD
Fxstreet
Wed, Aug 26
Forex
AUD/JPY Price Forecast: Rally extends further to near 114.30 as hawkish RBA bets accelerate
The Australian Dollar (AUD) trades 0.13% higher at around 114.30 against the Japanese Yen (JPY) during the European trading session on Wednesday.
AUD/JPY
Fxstreet
Wed, Aug 26
Forex
Australian Dollar: RBA risks seen underpriced – MUFG
Derek Halpenny at MUFG says the August RBA minutes and stronger-than-expected monthly CPI reinforce the risk of an earlier rate hike than markets currently price.
AUD/USD
Fxstreet
Wed, Aug 26
Stocks
Top 10 HK Stock Losers (8.26)
Hang Seng Index has rose 0.56%, with a year-to-date rose 0.1%; Hang Seng TECH Index has rose 0.82%, with a year-to-date fell 16.1%.BASICSEMI(09971) fell 27.27%, with a trading turnover 112.2 Million HKD, and a year-to-date rose 53.2%.EASY SMART GP(02442) fell 20.42%, with a trading turnover 104.5 Mi...
Longport
Wed, Aug 26
Stocks
Top 10 HK Stock Gainers (8.26)
Hang Seng Index has rose 0.56%, with a year-to-date rose 0.1%; Hang Seng TECH Index has rose 0.82%, with a year-to-date fell 16.1%.CANSINOBIO(06185) rose 25.99%, with a trading turnover 1.0 Billion HKD, and a year-to-date rose 2.2%.H&H INTL HLDG(01112) rose 18.88%, with a trading turnover 232.0 Mill...
Longport
Wed, Aug 26
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