EUR/GBP softens to around 0.8285 in Wednesday’s early European session. UK CPI inflation rose to 3.0% YoY in January vs. 2.8% expected. The dovish stance from the ECB might drag the Euro lower. The EUR/GBP cross weakens to near 0.8285 during the early European trading hours on Wednesday. The Pound Sterling (GBP) edges higher against the … Read more
The Japanese Yen gains some positive traction following an Asian session downtick. Bets for more interest rate hikes by the BoJ continue to act as a tailwind for the JPY. The divergent BoJ-Fed expectations further contribute to the USD/JPY pair’s slide. The Japanese Yen (JPY) builds on steady intraday ascent heading into the European session … Read more
NZD/JPY recovers swiftly after the post-RBNZ slide to a one-week trough. A positive risk tone undermines the JPY and also lends support to the cross. BoJ rate hike bets help limit further JPY losses and cap gains for spot prices. The NZD/JPY cross rebounds around 80-85 pips from a one-week trough touched during the Asian … Read more
United Kingdom’s Office for National Statistics will publish the January CPI data on Wednesday. The annual UK headline and core CPI inflation are expected to increase in January. The Pound Sterling braces for volatility on the UK CPI report data release amid a prudent BoE. The high-impact Consumer Price Index (CPI) data from the United … Read more
The Australian Dollar declines as market sentiment deteriorates amid fresh tariff threats from US President Donald Trump. Australia’s Wage Price Index increased by 0.7% QoQ in Q4 2024, missing the expected 0.8% rise. Hawkish remarks from Federal Reserve officials bolster the US Dollar. The Australian Dollar (AUD) continues to weaken against the US Dollar (USD) … Read more
WTI price trades in positive territory near $71.70 in Wednesday’s early Asian session. Supply disruptions mounted in Russia boost the WTI price. Concerns over a potential global trade war might cap the upside for WTI. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $71.70 during the early Asian session on Wednesday. The WTI price … Read more