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AUD/USD Faces Deeper Pullback After RBA Pauses Rate Hikes
The Australian Dollar weakened against the US Dollar after the Reserve Bank of Australia held its cash rate steady, ending a streak of rate hikes and triggering a corrective decline from near the 0.7000 level.
US-Iran Peace Agreement Hopes and Fed Day in Focus
Expectations that the US and Iran will sign a peace agreement on Friday have boosted market sentiment, with 60 days of talks planned. Markets also await the Federal Reserve's latest decision.
EUR/USD Rebound Eyes 200-DMA Hurdle – Societe Generale
Societe Generale notes EUR/USD has bounced after defending the April low near 1.1500, but the rally now faces a key test at the 200-day moving average with no clear breakout signal yet.
DXY Consolidates Near 99.50 Ahead of Fed Decision
The US Dollar Index is trading in a narrow range around mid-99.00s as traders await the outcome of the FOMC meeting.
RBA Hawkish Hold, BOJ Cautious Hike, Fed's Defining Moment
The RBA left rates unchanged but signaled possible hikes due to energy costs, the BOJ raised rates cautiously, and the Fed faces a key decision.
Gold Surges 2% at Week Start on Geopolitical Shifts and Fed Bets
Spot gold (XAUUSD) rose over 2% since the week opened, reaching near $4,342 per ounce on Wednesday, driven by geopolitical changes and expectations around the Federal Reserve.
NZD/USD Falls as Markets Await Fed Decision
The New Zealand Dollar slipped against the US Dollar on Wednesday, trading near 0.5820 as caution prevailed ahead of the Federal Reserve's policy decision.
GBP/JPY Drops Below 215 on UK Inflation Miss, Intervention Fears
The British pound weakened sharply against the Japanese yen, falling below 215.00 after softer-than-expected UK consumer inflation data. The move snapped a three-day winning streak for GBP/JPY and revived speculation about possible Japanese intervention.
Kevin Warsh Key to Dollar Resilience as Brent Drops on US-Iran Deal
Kevin Warsh's stance is crucial for dollar strength, while Brent crude falls below $80 after US-Iran deal details, providing a dovish argument before the FOMC announcement.
USD/CAD Holds Gains Above 1.4000, Bullish Bias Persists
The USD/CAD pair is trading around 1.4005 in early European trading on Wednesday, maintaining gains above the 1.4000 level. A bullish bias continues despite an overbought RSI, as optimism over a US-Iran peace deal pressures crude oil prices and weighs on the commodity-linked Canadian dollar.
ECB Pipeline Inflation Keeps Hikes Priced – Deutsche Bank
Deutsche Bank notes that despite recent declines in oil and euro inflation swaps, ECB chief economist Philip Lane warns that earlier energy shocks will continue to feed through, keeping the case for further rate hikes alive.
British Pound Slides on Soft UK Inflation Data
The British Pound fell to weekly lows against the US Dollar after weaker-than-expected UK inflation figures were released.
Euro Strengthens Against Pound After UK CPI Data
EUR/GBP rose to around 0.8650 as the British Pound weakened following the release of UK inflation data. Traders now focus on the upcoming Bank of England rate decision.
USD Firms Ahead of FOMC as Rate Expectations Drive Support – BNY
The US Dollar is strengthening ahead of the FOMC meeting, driven by rate expectations rather than safe-haven demand, according to BNY’s Geoff Yu. iFlow data shows clients net selling the Canadian and Australian Dollars while some North Asian currencies remain attractive.
UK CPI Holds at 2.8% in May, Well Above BoE Target
UK annual CPI inflation remained at 2.8% in May, unchanged from April, according to ONS data released Wednesday. The reading is significantly above the Bank of England's 2% target.
Fed and Riksbank Expected to Hold Rates; Focus on Warsh's First Press Conference
Markets expect the Riksbank and the Federal Reserve to keep rates unchanged, with attention turning to new Fed Chair Kevin Warsh's inaugural press conference.
Yen Strengthens as USD/JPY Dips Ahead of Fed Decision
USD/JPY slipped to near 160.25 during early European trading as traders await the US Federal Reserve's interest rate decision under new Chair Kevin Warsh.
Gold Elliott Wave Signals Bullish Continuation
Gold (XAU/USD) has completed its initial decline from the April 17 peak and is now expected to rally in a three-wave corrective structure, according to an Elliott Wave analysis.
Indonesian Rupiah Weakens Ahead of Fed Decision, USD/IDR Rises
The Indonesian Rupiah weakened against the US dollar on Wednesday, pushing USD/IDR to 17,770 as traders turned cautious ahead of the Federal Reserve's policy decision.
EUR/USD Holds Above 1.1600 as Bulls Await Fed Rate Decision
The EUR/USD pair trades with a positive bias for the third consecutive day, holding steady above the 1.1600 mark as traders anticipate the Federal Reserve's interest rate decision.
AUD/JPY Holds Above 113.00 as BoJ Rate Hike Spurs Yen Strength
The AUD/JPY cross trades near 113.25 in early European trading on Wednesday, with the yen strengthening after the Bank of Japan raised rates to their highest level in over three years. A neutral RSI suggests consolidation may continue.
Indian Rupee Steadies on Risk-On Mood, Oil Decline Caps Gains
The Indian Rupee held ground against the US dollar on Wednesday, supported by improved risk appetite and falling global oil prices. However, the upside for USD/INR remains capped as downward pressure on the rupee eases.
AUD/USD Consolidates Above 0.7050 as 100-Day SMA Holds Ahead of Fed
The AUD/USD pair maintains a negative bias for a second day but holds above 0.7050, with the 100-day SMA as a key level ahead of the Federal Reserve meeting.
Gold Consolidates Above $4,300 as Traders Await Fed Decision
Gold (XAU/USD) holds above $4,300 but lacks momentum during Asian trading as markets await the Federal Reserve's rate decision for fresh direction.