The EUR/USD slid into the 1.0900 handle on Wednesday after an equivocating Federal Reserve (Fed) put significant effort into not moving too far in either direction on rate cuts, keeping the US Dollar (USD) propped up amidst a broad-market recovery in the USD.
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Mexican Peso trims some losses against US Dollar but remains soft after Fed minutes
The Mexican Peso (MXN) began the year on a lower note against the US Dollar (USD) after the exotic pair dipped to a three-month low on December 28 of 16.86.
Gold Price Forecast: XAU/USD retreat post-Fed minutes as Greenback hits new high
Gold price slid during the last hour on Wednesday after the US Federal Reserve (Fed) released December’s meeting minutes, which didn’t deliver any dovish hints.
NZD/USD trims losses following FOMC minutes, defends the 20-day SMA
The New Zealand Dollar (NZD) encountered a downtrend in Wednesday's trading, forfeiting gains against a strong US Dollar (USD), with the NZD/USD landing near 0.6225 but then recovering towards 0.6245, above the 20-day Simple Moving Average (SMA).
GBP/JPY pinned to the high side as Yen market flows reverse direction
The GBP/JPY has climbed over 1.3% on Wednesday as the Pound Sterling (GBP) recovered recently lost ground against the Japanese Yen (JPY), rising from a two-week low near 178.75 to come within challenge range of the 182.00 handle.
EUR/JPY Price Analysis: Rallies as a bullish engulfing pattern emerges, bulls target 157.00
The EUR/JPY bounced off Tuesday’s lows of 155.06, and rallied more than 0.70% during Wednesday's session, trading at 156.47, as the Japanese Yen (JPY) began the year on the back foot.
FOMC Minutes: Interest rates seem to be at or near peaks
According to the FOMC Minutes: Members generally perceived the inclusion of the word "any" in remarks about potential additional firming as a way to convey their assessment that rates were probably at or close to the peak of the cycle.
Silver Price Analysis: XAG/USD tumbles over 3%, pressured by strong US Dollar
Silver plunged more than 3% on Wednesday, as US Treasury bond yields pare their earlier gains, while the Greenback (USD) exploits to the upside ahead of the release of the Federal Reserve’s December meeting minutes.
WTI Crude Oil rebounds into $73.00 on supply drawdown expectations, rate cut hopes
Further gains are on the cards for West Texas Intermediate (WTI) US Crude Oil after a recovery rally on Wednesday propped up barrel bids to retest the $73.00 handle as the Organization of the Petroleum Exporting Countries (OPEC) is set to bring about further production cuts in an effort to bolster flagging Crude Oil prices.
USD/CHF advances after US mid-tier economic figures, bulls momentum still limited
In Wednesday's trading session, the USD/CHF pair exhibited a bullish stance but failed to hold its momentum, which took it to a high of around 0.8555 and stabilized at 0.8515.