Trump: 'US will bomb and destroy' Iranian bridges or power plants
US President Donald Trump issued a fresh warning to Iran on Wednesday, threatening strikes on the country’s infrastructure if Tehran targets vessels in the Strait of Hormuz.
FX
Euro gains against British Pound after mixed UK inflation report, ECB decision looms
EUR/GBP edges higher on Wednesday as a mixed UK inflation report weighs modestly on the British Pound (GBP). At the time of writing, the cross trades around 0.8533, extending its recovery after falling to its lowest lev…
Canadian Dollar finds support from rising Oil prices, softer Greenback
USD/CAD edges lower on Wednesday as a mildly softer US Dollar (USD) and rising Oil prices help the Canadian Dollar (CAD) snap a two-day losing streak. At the time of writing, the pair trades around 1.4085, down 0.16% on…
Silver price edges higher as geopolitical tensions offset inflation concerns
Silver (XAG/USD) trades around $59.35 at the time of writing on Wednesday, up 0.94% on the day, as persistent safe-haven demand offsets the negative impact of rising inflation expectations. The white metal remains suppo…
China: Fiscal execution to support growth – Standard Chartered
Standard Chartered economists Carol Liao and Shuang Ding argue that China’s July Politburo meeting will prioritise implementation of existing fiscal plans over new stimulus. They expect fiscal execution to accelerate in…
Gold hits two-week high as traders weigh Middle East risks, Fed outlook
Gold (XAU/USD) climbs to a two-week high on Wednesday as bargain hunters step in near the $4,000 mark, while traders weigh Middle East risks and the Federal Reserve’s (Fed) monetary policy outlook.
Euro: Drifting toward ECB test – ING
Chris Turner at ING notes EUR/USD has held up relatively well despite energy price gains and wider natural gas prices. Interest rate differentials and expectations of a stronger European Central Bank (ECB) response than…
United States Sec. of State Rubio: Iran is in a lot of trouble
Following his meeting with Chinese Foreign Minister Wang Yi in Manila on Wednesday, United States (US) Secretary of State Marco Rubio said that “Iran is in a lot of trouble.”
British Pound: Heavy trade as BoE seen adjusting – BBH
Brown Brothers Harriman’s Elias Haddad notes the British Pound (GBP) remains heavy versus the US Dollar (USD) and Euro (EUR) after a mixed United Kingdom (UK) June Consumer Price Index (CPI) report, with headline inflat…
US Dollar: Range-bound gains and episodic strength – TD Securities
TD Securities strategists expect modest US Dollar (USD) strength in Q3 2026 as positioning has room to rebuild. However, they see limited sustained upside, with the USD reverting to a traditional safe-haven profile and …
Why is Banco Santander stock climbing today?
Banco Santander Chile stock, backed by the Chilean subsidiary of the global Santander group (ISIN US05968L1026), is supported by a combination of resilient profitability, solid capital ratios, and a stable market valuat…
World Bank warns of risks of global slowdown, renewed inflation
The World Bank warned that the global economy is only "a few months" away from a worst-case scenario in which global growth slows to 1.3% while inflation rises to 4.5%, according to comments by Chief Economist Indermit …
Indonesian Rupiah weakens as BI holds rate at 5.75%
USD/IDR has recovered its daily losses, trading around 17,950 during the European hours on Wednesday. The pair appreciates as the Indonesian Rupiah (IDR) struggles after the Bank Indonesia (BI) decided to hold its bench…
Japanese Yen: Weakness persists as BoJ hike talk grows – MUFG
MUFG’s Derek Halpenny highlights persistent Japanese Yen weakness as USD/JPY trades at levels last seen in 1986, with low volatility undermining the Ministry of Finance’s case for intervention. He notes limited contagio…
Euro remains stuck near 1.1400 amid rising tensions in Iran, higher Oil prices
The Euro’s (EUR) modest upside attempt against the US Dollar (USD) witnessed during Wednesday’s Asian session has been short-lived. The EUR/USD pair was capped below 1.1420, before pulling back to levels a few pips abov…
US Dollar: Trade tariffs to reshape FX volatility – MUFG
Derek Halpenny at MUFG explains that US trade tariff uncertainty is set to re-emerge as Section 122 measures expire and are replaced by more targeted Section 301 actions. He expects widespread investigations and tariffs…
Norwegian Krone: Rate path hinges on inflation data – Commerzbank
Commerzbank’s Antje Praefcke highlights recent confusion in Norway after delayed core inflation data and an unexpected slowdown in both headline and core rates. Despite Norges Bank’s earlier hawkish tilt and a policy ra…
Japanese Yen gains strongly on hopes of BoJ aggressive tightening cycle
The Japanese Yen (JPY) attracts significant bids against its major currency peers during the European trading session on Wednesday. The USD/JPY pair falls vertically to near 162.65, but quickly recovers some losses and …
Dow Jones futures slip as traders adopt caution on US-Iran tensions
Dow Jones futures lose 0.30% to trade around 52,290 during European trading hours on Wednesday. Meanwhile, S&P 500 futures and Nasdaq 100 futures decline 0.38% and 0.85%, trading near 7,520 and 29,070, respectively.
Swiss Franc weakens as risk aversion support US Dollar
USD/CHF continues its winning streak for the third successive day, trading around 0.8130 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) receives support from growing risk aversion tied …
Hungarian Forint: Rally against Euro reassessed after rate cuts – Societe Generale
Societe Generale strategists analyze the Hungarian Forint (HUF) after the central bank of Hungary, Magyar Nemzeti Bank (MNB) cut its policy rate to 5.75% and signalled more easing. They expect a 5.0% terminal rate by ye…
Gold sticks to gains near two-week high as hopes for US-Iran diplomacy cap USD
Gold (XAU/USD) maintains its bid tone heading into the European session and currently trades just below a two-week high, set earlier this Wednesday. The US Dollar (USD) drifts lower following a four-day uptrend amid hop…
WTI Price Forecast: Rises to near $85.00 on supply disruption, but remains capped below 100-day SMA
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $84.90 during the early European trading hours on Wednesday. The WTI rises as rising tensions in the Middle East raise fears of further disrup…
US President Donald Trump approves US-Saudi Arabia nuclear deal
US President Donald Trump approved a landmark agreement with Saudi Arabia that could potentially provide the kingdom with uranium enrichment capability for its civilian nuclear program, the Wall Street Journal reported …