Market news
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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.
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.
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.
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.
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.
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.
JustMarkets Wins Most Innovative Broker Award at FMAS 2026 for Second Consecutive Year
JustMarkets won the Most Innovative Broker award at the Finance Magnates Africa Summit (FMAS) 2026, its second consecutive year receiving the honor.