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Euro remains steady against British Pound Gains due to ECB rate hike bets

EUR/GBP remains steady after experiencing volatility, hovering around 0.8580 during European hours on Wednesday. However, the currency cross may gain ground as the Euro (EUR) could receive support ahe ...

Pound-Yen faces fresh pressure as Japan prepares for higher rates

The British pound-Japanese yen (GBP/JPY) pair has come under pressure as expectations for another Bank of Japan (BoJ) rate hike strengthen demand for the yen.

Silver Price Forecast: XAG/USD approaches $67.00 as bulls await trading range breakout

Silver (XAG/USD) builds on its intraday ascent and climbs back closer to the weekly high, around the $67.00 neighborhood during the early European session on Wednesday.

Brent Breaks $100 for the First Time in Nearly Two Months

Oil prices hit the $100 per barrel mark early on Wednesday in Asian trade as the ongoing crisis in the Middle East has diminished hopes of U.S.-Iran talks and a return to normal oil flows soon.  As of ...

Oil surges toward $100 as inflation risks reshape global markets

Higher oil prices are the main macro theme. Tit-for-tat attacks on US/Iranian vessels and Houthi-attacks against Saudi energy facilities prompted a first attempt to rally beyond $100/b in Asian tradin ...

Oil hits $100 for first time since July

Brent crude advances amid fears of a renewed global supply crunch

Experts agree: Faster BoJ tightening prospects fuel Japanese Yen’s remarkable surge

The Japanese Yen (JPY) trades firmly against its major currency peers this week. The USD/JPY pair is down 0.63% in the European trading session on Wednesday and 1.85% so far this week at around 153.00 ...

Euro nudges up above 1.1640 amid broad-based US Dollar weakness

The Euro (EUR) attempts to resume its uptrend against the US Dollar (USD) on Wednesday’s early European session despite the risk-off mood and the high Crude prices.

Canadian Dollar gains ground as Middle East tensions boost oil prices

The USD/CAD pair declines to around 1.3770 during the early European session on Wednesday. Reports of a US strike on Iranian tankers and attacks on Saudi infrastructure boost crude oil prices and lift ...

Rising Oil Prices Threaten China’s Independent Refiners

Chinese independent refiners may be about to start reducing their processing rates as international oil prices rise and supply from major exporters such as Venezuela and Iran dries up as a result of U ...

Bessent warns traders against yen bets: ‘I am the house now’: report

Oil, Apple and JPY in focus

Oil prices are rising on Wednesday as tit-for-tat strikes between Iran and the US threaten oil supplies as the two sides battle for control of the Strait of Hormuz.