Blogs

On Wednesday's session, the EUR/GBP was noted at 0.8608, capturing a gain of 0.12% that saw peaks to 0.8620.

The overwhelming majority of US equity indexes closed in the green on Wednesday, fueled in large part by record-setting highs in chipmaker Nvidia, while Facebook owner Meta and Google operator Alphabet both posted 12-month highs through the day.

The Canadian Dollar (CAD) is stuck within a tight intraday range on Wednesday as broader markets pivot to focus on Thursday’s upcoming US Consumer Price Index (CPI) inflation print for December.

Silver price slumps late in the North American session as high US Treasury bond yields hit precious metals prices across the board.

The US Dollar (USD) observed modest losses on Wednesday, trailing at 102.4 in the US Dollar Index, as market participants stick to the sidelines awaiting drivers.

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Gold price dropped 0.33% late in the North American session as traders awaited Thursday's release of the latest inflation report in the United States (US).

European major stock equities largely saw declines on Wednesday, driven lower as markets readjust their bets on the pace of rate cuts from the European Central Bank (ECB).

The improvement in sentiment surrounding the risk-linked galaxy weighed on the greenback and sponsored a corrective knee-jerk in the USD Index (DXY) amidst increasing prudence ahead of the release of key US CPI on Thursday.

On Wednesday, the AUD/JPY rallied to a high of 97.60, with bulls increasing their dominance on the daily chart.