Dow Jones Industrial Average slides all session as the Treasury bid falls short
The Dow Jones Industrial Average trades roughly 440 points lower and under 52,400, and its session high sits within two points of the opening print.
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The Dow Jones Industrial Average trades roughly 440 points lower and under 52,400, and its session high sits within two points of the opening print.

AUD/USD stabilizes around 0.7220 at the time of writing on Wednesday, after hitting a fresh four-month high at 0.7237 earlier in the day. The Australian Dollar (AUD) loses some momentum as the US Dollar (USD) rebounds, supported by rising US Treasury yields.

Pairs on Watch - FX:NZDUSD : So far this is developing as forecasted in the SMB at the weekend. We have a healthy 50% pullback with this structured 123 drive into the volatility wick from last week. The higher timeframe makes a lot of sense for that next leg higher and now it is a case of waiting for the entry. I will be looking for a simple 15M insurance entry for the long once the 1H has followed through. FX:AUDCAD : This pair is positioned really well for both the long and short at the …

Pairs on Watch - FX:AUDCAD : The main high above has been near missed with a corrective move away, which could be signalling a potential middle section for a move higher. However, we can see a three touch structure which is hard to ignore, therefore I am looking to sell but I will adjust the type of entry I am looking for. A small stack of price once the 1H commits on this structure would confirm what I need, this prevents a tag in and out with the higher timeframe taking over. FX:EURNZD …

The GBP/USD pair trades in positive territory around 1.3550 during the early European trading hours on Wednesday. UK Chancellor John Healey unveiled a series of measures designed to encourage economic growth and draw more private investment into the UK.

The Indian Rupee (INR) extends its decline against the US Dollar (USD) on Wednesday after a sharp correction the previous day. The USD/INR pair jumps marginally above 95.00 as surging energy prices have battered the Indian currency significantly.

USD/CHF loses ground for the third consecutive day, trading around 0.8090 during the Asian hours on Wednesday. The pair remains subdued as the US Dollar (USD) holds losses despite a hawkish tone surrounding the Federal Reserve (Fed) policy outlook.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – touches a fresh three-month top, around the $92.50 area during the Asian session on Wednesday, though it lacks follow-through. Nevertheless, the commodity seems poised to climb further amid escalating US-Iran tensions.

Gold prices rose in India on Wednesday, according to data compiled by FXStreet.

Gold (XAU/USD) rebounds from a one-week low, around the $4,340 area touched during the Asian session on Wednesday and, for now, seems to have snapped a three-day losing streak.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground for the third consecutive day and trading around 98.80 during Asian hours on Wednesday.

Silver price (XAG/USD) is up almost 1% to near $66.40 during the Asian trading session on Wednesday. The white metal strengthens as the US Dollar remains under pressure despite expectations that the Federal Reserve (Fed) could raise interest rates at the policy meeting next week.

Silver price struggles to clear a key technical resistance near $67.00, retraces to two-day lows at $65.31, and records a 1.42% loss. The non-yielding metal failed to sustain its early gains amid elevated US bond yields, driven by rising inflationary pressures.

The Mexican Peso remains unchanged against the US Dollar on Tuesday as market participants await the release of Mexicos Fiscal package, which will be delivered to the Mexican Congress for approval. At the time of writing, the USD/MXN trades at 16.91 flatlined.

Gold (XAU/USD) registers losses of over 0.44% on Tuesday amid a light economic docket in the US, due to a narrative dominated by the US-Iran conflict, higher Oil prices and traders bracing for the release of US inflation reports, with the PPI expected on Thursday, followed by the next days CPI.

EUR/GBP rebounds on Tuesday after slipping to a six-day low earlier in the day. The recovery comes as the British Pound (GBP) weakens against most of its major peers following cautious remarks from Bank of England (BoE) Governor Andrew Bailey.

USD/JPY holds just below 154.50, unchanged on the day after a 153-pip round trip. The pair traded well over a Yen lower on the strongest Japanese pay data since 1997 and has bought back all of it. Nothing about the wage number disappointed, and everything about it was already in the price.

USD/CAD rebounds on Tuesday after hitting an intraday low of 1.3760 and trades around 1.3790 at the time of writing, down 0.18% on the day.

EUR/USD holds above 1.1600 after a session that has covered 28 pips and left the pair half a pip from where it opened. European gas hit a three-year high on the same clock, and the European Central Bank (ECB) is expected to raise the deposit rate on Thursday. The pair has priced both at nothing.

GBP/JPYs market structure deteriorated significantly following the rejection from the 217.00–217.70 area. Since then, the pair has developed strong bearish momentum, initially breaking below the weekly support at 211.84 and then losing the key 209.50 level. However, given the strength of the bearish move, I do not consider the simple arrival inside this area sufficient reason to enter a long position. The liquidity resting below the recent lows could attract another bearish extension towards …