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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.
Iran Fires Drones at Commercial Ships in Strait of Hormuz After US Deal
Iran reportedly launched multiple drones at merchant ships in the Strait of Hormuz shortly after reaching a memorandum of understanding with the United States over the weekend.
Rabobank: Central Bank Gold Demand Rises on De-Dollarization
Rabobank's research team notes growing central bank demand for gold amid rising global insecurity and de-dollarization trends.
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.
PBOC's Pan: Will Act If Overnight Rate Deviates from Operation Rates
People's Bank of China Governor Pan Gongsheng stated that the central bank will take action if the money market overnight rate persistently strays from operation rates.
Gold Holds Near $4,350 as Traders Await Fed Decision
Gold is trading near $4,350 in Asian trading, extending its five-day winning streak but remaining within a familiar range as markets await the Federal Reserve's monetary policy decision for direction.
EUR/JPY Rebound to 186.50 Possible as Bullish Bias Persists
EUR/JPY pulled back slightly after three consecutive days of gains, but remains above key exponential moving averages, keeping a constructive short-term bias. Market observers note potential for a move back toward 186.50.
US Dollar Index Weakens to Near 99.50 on Iran Peace Deal Hopes, Fed Awaited
The US Dollar Index fell to around 99.50 in Asian trading as optimism over a potential US-Iran peace deal weighed on the greenback ahead of the Federal Reserve's interest rate decision.
JD Vance: Trump Holds All the Cards After Iran Nuclear Strike
Vice President JD Vance declared that the US accomplished its goals in Iran and that President Trump now holds all leverage, with Iran's economic relief hinging on compliance.
Silver Rises to Near $70.50 as Rate Concerns Ease
Silver (XAG/USD) extended its winning streak for a fifth consecutive day, trading near $70.40 during Asian hours as easing interest rate concerns boosted demand.
China Regulator Vows Stronger Oversight in New Sectors
China's financial regulator announced plans to enhance cooperation across new sectors, target systemic risks, and address exposures in real estate and local government debt while cracking down on illegal activities and disorderly competition.
NZD/USD Holds Positive Bias on Iran Deal Speculation, USD Weakens
NZD/USD trades with a positive bias for a second day as reports of an Iran peace deal undermine the US dollar ahead of the FOMC meeting. The pair remains below the mid-0.5800s, lacking strong bullish conviction.
GBP/USD Rises Above 1.3400 on US-Iran Peace Optimism
The British pound strengthened against the US dollar, with GBP/USD trading near 1.3430 in early Asian hours on Wednesday, supported by optimism over US-Iran peace prospects.
Central Banks' Gold Buying Intentions Hit Record High
45% of central banks plan to buy gold over the next 12 months, the highest reading on record, according to the World Gold Council survey of 74 central banks.
PBOC Sets USD/CNY Fix at 6.8096 vs. 6.8108 Previous
The People's Bank of China set the USD/CNY central parity rate at 6.8096 for Wednesday, slightly lower than Tuesday's fix of 6.8108 and below a Reuters estimate of 6.7659.
USD/JPY Inches Lower as Yen Hovers Near Intervention Zone Ahead of FOMC
The USD/JPY pair edged down in Asian trading Wednesday, staying close to its highest level since late April amid persistent yen weakness despite the Bank of Japan's recent rate hike. Traders eye the upcoming FOMC decision.
WTI Crude Hovers Near $76 After 5% Drop
West Texas Intermediate crude oil trades around $75.80 per barrel during Asian hours, following a nearly 5% decline the previous day, as rising global supply prospects weigh on prices.
Australian Dollar Holds Above 0.7050 After RBA Hawkish Hold
The AUD/USD pair edges higher to near 0.7070 in early Asian trade Wednesday after the Reserve Bank of Australia struck a hawkish tone by holding rates steady.
EUR/USD Holds Steady Near 1.1610 Ahead of Fed Decision
EUR/USD traded sideways around 1.1610 during early Asian hours on Wednesday as traders awaited the Federal Reserve's interest rate decision and US retail sales data.
Gold Holds Above $4,300 on US-Iran Peace Hopes, Fed in Focus
Gold price remains supported above $4,300 during Asian trading on Wednesday, recovering from yearly lows after reports of a US-Iran framework deal. Traders await the Fed rate decision for further direction.
GBP/USD Coils Ahead of Inflation Data and Fed Decision
GBP/USD remains range-bound, closing slightly higher on Tuesday as traders await key inflation data and the Fed's next move.