ไทม์ไลน์ข่าวสาร forex

21:12 Fed’s Beige Book: Outlooks were mildly optimistic
This report was prepared at the Federal Reserve (Fed) Bank of Richmond based on information collected on or before january 5, 2026.

20:55 FX Today: Focus remains on US data, Fedspeak, and UK GDP figures
In quite an erratic week, the US Dollar (USD) reversed Tuesday’s marked advance and shifted its attention to the opposite direction on the back of jitters surrounding the Fed’s independence as well as swelling speculation of further interest rate cuts by the Federal Reserve later in the year.

In quite an erratic week, the US Dollar (USD) reversed Tuesday’s marked advance and shifted its attention to the opposite direction on the back of jitters surrounding the Fed’s independence as well as swelling speculation of further interest rate cuts by the Federal Reserve later in the year.Here’s what to watch on Thursday, January 15:The US Dollar Index (DXY) came under fresh downside pressure, putting the 99.00 support to the test amid declining US Treasury yields across the curve. The usual weekly Initial Jobless Claims will be released alongside the NY Empire State Manufacturing Index, Export and Import Prices, the Philly Fed Manufacturing Index and TIC Flows. In addition, the Fed’s Bostic, Barr and Barkin are all due to speak.EUR/USD traded with a tepid upside bias, hovering around the 1.1650 region. Germany’s Full Year GDP Growth is due, followed by Industrial Production and the Balance of Trade in the broader Euroland.GBP/USD reversed Tuesday’s decline and clocked decent gains around the 1.34450 zone. An interesting docket will feature the RICS House Price Balance, seconded by GDP figures, Balance of Trade results, Industrial and Manufacturing Production, Construction Output, and the NIESR Monthly GDP Tracker.USD/JPY hit another multi-month top before coming under fresh downside pressure and closing the day with marked losses near the 158.00 level. Next on tap come the weekly Foreign Bond Investment figures, Producer Prices and the Reuters Tankan Index.AUD/USD failed to reclaim the area beyond 0.6700 the figure, receding toward the 0.6680 zone amid an inconclusive price action. The Consumer Inflation Expectations measured by the Melbourne Institute will be the salient event in Oz.WTI prices extended their uptick for the fifth consecutive day, approaching the $62.00 mark per barrel as traders continued to evaluate potential risks of Iranian supply disruptions.Another day, another record high in Gold prices. This time the yellow metal approached the $4,640 mark per troy ounce amid rising speculation of further rate cuts by the Fed. The same can be said of Silver, which advanced past the $92.00 mark per ounce for the first time in history.

20:16 WTI hits highest since late October as Iran unrest fuels risk premium
West Texas Intermediate (WTI) extends its rebound on Wednesday, rising for a fifth straight day as escalating unrest in Iran fuels a fresh geopolitical risk premium.

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At the time of writing, WTI trades around $61.50 per barrel, its highest level since October 27, with prices up nearly 5% so far this week.Markets remain uneasy about potential supply disruptions amid nationwide protests in Iran, which have revived fears of possible United States (US) involvement and the risk of wider regional instability.Risks of possible US military action in Iran have risen after US President Donald Trump said in a post on Truth Social on Tuesday, “Iranian Patriots, KEEP PROTESTING — TAKE OVER YOUR INSTITUTIONS!!!… HELP IS ON ITS WAY,” adding that all meetings with Iranian officials are cancelled until the violence ends. Trump has previously indicated that military action remains an option if Tehran continues its crackdown.Markets are closely watching further developments on the Iran-US front. On the data side, the latest report from the US Energy Information Administration (EIA) did little to temper bullish momentum, even as it showed a surprise 3.391 million-barrel build in crude inventories, against expectations for a 2.2 million-barrel draw and following the previous week’s 3.831 million-barrel decline.The EIA’s Short-Term Energy Outlook, published on Tuesday, points to a softer medium-term backdrop for crude prices. The agency said it expects global oil prices to decline in 2026 as worldwide production exceeds demand, pushing global inventories higher. According to the EIA, inventories are projected to continue rising into 2027, albeit at a slower pace.The EIA forecasts Brent crude will average $56 per barrel in 2026, around 19% lower than in 2025, before easing further to an average of $54 per barrel in 2027. WTI Oil FAQs What is WTI Oil? WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is considered a high quality Oil that is easily refined. It is sourced in the United States and distributed via the Cushing hub, which is considered “The Pipeline Crossroads of the World”. It is a benchmark for the Oil market and WTI price is frequently quoted in the media. What factors drive the price of WTI Oil? Like all assets, supply and demand are the key drivers of WTI Oil price. As such, global growth can be a driver of increased demand and vice versa for weak global growth. Political instability, wars, and sanctions can disrupt supply and impact prices. The decisions of OPEC, a group of major Oil-producing countries, is another key driver of price. The value of the US Dollar influences the price of WTI Crude Oil, since Oil is predominantly traded in US Dollars, thus a weaker US Dollar can make Oil more affordable and vice versa. How does inventory data impact the price of WTI Oil The weekly Oil inventory reports published by the American Petroleum Institute (API) and the Energy Information Agency (EIA) impact the price of WTI Oil. Changes in inventories reflect fluctuating supply and demand. If the data shows a drop in inventories it can indicate increased demand, pushing up Oil price. Higher inventories can reflect increased supply, pushing down prices. API’s report is published every Tuesday and EIA’s the day after. Their results are usually similar, falling within 1% of each other 75% of the time. The EIA data is considered more reliable, since it is a government agency. How does OPEC influence the price of WTI Oil? OPEC (Organization of the Petroleum Exporting Countries) is a group of 12 Oil-producing nations who collectively decide production quotas for member countries at twice-yearly meetings. Their decisions often impact WTI Oil prices. When OPEC decides to lower quotas, it can tighten supply, pushing up Oil prices. When OPEC increases production, it has the opposite effect. OPEC+ refers to an expanded group that includes ten extra non-OPEC members, the most notable of which is Russia.

19:46 Fed’s Bostic: Inflation challenge has not been won yet
Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic said that inflation is still quite far from where they need it to be even though the economy has been pretty resilient at the Atlanta Business Chronicle 2026 Economic Outlook event on Wednesday.

19:41 Fed’s Kashkari: Inflation is still too high
Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari said that the overall economy seems quite resilient and that He has seen less tariff pass through than expected at the Midwest Economic Forecast Forum hosted online by the Wisconsin Bankers Association on Wednesday.

19:13 BoE’s Ramsden: Labour market is continuing to weaken
Bank of England Deputy Governor David Ramsden said that wages will remain a key focus for him this year and that his view is that policy remains restrictive in a speech at King's College, in London on Wednesday.

18:54 NZD/USD edges higher on upbeat Chinese trade data, limited by strong US Dollar
NZD/USD trades higher on Wednesday, hovering around 0.5750 at the time of writing, up 0.25% on the day.

18:06 USD/JPY retreats as Japan warns on excessive FX moves
The Japanese Yen (JPY) strengthens against the US Dollar (USD) on Wednesday after fresh warnings from Japanese authorities revived speculation of possible intervention to curb excessive Yen weakness.

17:44 GBP/USD rallies as Fed independence threats hammer Dollar
The British Pound extended its gains on Wednesday as the Greenback is punished by investors due to threats to the Federal Reserve’s independence and a verbal intervention by Japanese officials, boosted the Yen. The GBP/USD trades at 1.3461 up by 0.30%.

17:42 Fed’s Miran: Deregulation last year was 'substantial'
Federal Reserve (Fed) governor Stephen Miran said that he thinks deregulation should put downward pressure on prices, and stated that if central banks don't accommodate the impact of deregulation, it makes policy too tight, in a speech at the Delphi Economic Forum in Athens on Wednesday.

17:30 United States EIA Crude Oil Stocks Change came in at 3.391M, above expectations (-2.2M) in January 9
United States EIA Crude Oil Stocks Change came in at 3.391M, above expectations (-2.2M) in January 9

17:09 Fed's Kashkari: Wary about cutting rates
President of the Federal Reserve (Fed) Bank of Minneapolis Neel Kashkari defended Jerome Powell, the Fed chair, and said that interest rates should be held steady this month in an interview with the New York Times on Wednesday.

17:01 Fed’s Paulson: Cautiously optimistic on inflation moving back to target
President of the Federal Reserve (Fed) Bank of Philadelphia Anna Paulson said on Wednesday that she sees further rate cuts later this year if the forecast meets their expectations.

17:00 United States Business Inventories came in at 0.3%, above forecasts (0.2%) in October
United States Business Inventories came in at 0.3%, above forecasts (0.2%) in October

17:00 United States Existing Home Sales (MoM) above forecasts (4.21M) in December: Actual (4.35M)
United States Existing Home Sales (MoM) above forecasts (4.21M) in December: Actual (4.35M)

17:00 United States Existing Home Sales Change (MoM) up to 5.1% in December from previous 0.5%
United States Existing Home Sales Change (MoM) up to 5.1% in December from previous 0.5%

16:55 AUD/USD holds steady as US data, Chinese support balance outlook
AUD/USD trades around 0.6680 on Wednesday at the time of writing, virtually unchanged on the day, as investors digest a series of key macroeconomic releases from the United States (US) and Asia.

16:54 Oil rebound strengthens NOK outlook against the Euro – Société Générale
Renewed geopolitical tensions and rising oil volatility have reconnected EUR/NOK with crude dynamics, setting the stage for potential NOK strength if supply risks escalate, Société Générale's FX analysts Olivier Korber and Kit Juckes reports.

Renewed geopolitical tensions and rising oil volatility have reconnected EUR/NOK with crude dynamics, setting the stage for potential NOK strength if supply risks escalate, Société Générale's FX analysts Olivier Korber and Kit Juckes reports.Geopolitical risks revive crude-NOK correlation"Since September, EUR/NOK has reconnected with oil dynamics. Renewed geopolitical tensions in the Americas and Iran have injected fresh volatility into crude markets, and the rebound from $60/bbl looks more like a starting point than a peak. Our commodity team highlights that a full disruption of Iranian supply, even for a week, could lift oil prices by at least $15/bbl. Such a scenario would materially strengthen NOK.""December’s underlying inflation surprised to the upside at 3.1% vs. 3.0% expected, reinforcing the central bank’s cautious stance. While growth is projected below trend, persistent price pressures limit the scope for aggressive rate cuts. Markets remain reluctant to price more than half a cut in 1H, and stickly inflation doesn’t suggest a dovish Norges Bank. The central bank cautiousness should underpin NOK resilience.""NOK/SEK has been trading near multi-year lows just above 0.91, suggesting a technical floor. With downside potential likely capped in this cross, NOK’s vulnerability across the board looks contained."

16:46 EUR/CHF edges higher as safe-haven demand fades – Société Générale
EUR/CHF is gradually moving higher as easing geopolitical tensions trigger a partial unwind of the Swiss Franc’s (CHF) safe-haven premium, Société Générale's FX analysts Olivier Korber and Kit Juckes reports.

EUR/CHF is gradually moving higher as easing geopolitical tensions trigger a partial unwind of the Swiss Franc’s (CHF) safe-haven premium, Société Générale's FX analysts Olivier Korber and Kit Juckes reports. CHF weakens despite soft EUR/USD performance"Safe-haven unwind and carry advantage. As geopolitical jitters ease, EUR/CHF has edged higher despite EUR/USD softness since the Christmas peak at 1.18, signaling a gradual unwind of CHF’s safe-haven bid. Pairing CHF shorts with NOK longs secures attractive carry, thanks to Norway’s elevated rates.""Switzerland’s PMI miss confirms downside risks. Switzerland’s economy downside risks deepened with December’s manufacturing PMI plunging to 45.8 (largely below the most pessimistic forecast of 49). Coupled with 3Q GDP contraction, this reinforces economic fragility and undermines CHF’s defensive appeal."

16:41 EUR/USD stabilizes after pullback from December highs – Scotiabank
The Euro (EUR) is trading marginally higher against the US Dollar (USD), consolidating after its retreat from late-December highs as European Central Bank (ECB) commentary strikes a more balanced tone, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Euro (EUR) is trading marginally higher against the US Dollar (USD), consolidating after its retreat from late-December highs as European Central Bank (ECB) commentary strikes a more balanced tone, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report. ECB rhetoric turns more neutral as EUR consolidates"The EUR is steady, up fractionally vs. the USD as it consolidates its recent pullback from its late December highs around 1.18. Fundamental releases have been limited and comments from the ECB have reintroduced a slightly more neutral bias with comments from GC Villeroy highlighting both upside and downside risks." "The EUR’s latest pullback looks to have found support around the 50 day MA at 1.1660 and momentum remains close to neutral with an RSI hovering just below the diving threshold at 50. We look to a nearterm range bound between 1.16 and 1.17."

16:32 EUR/USD remains range-bound near one-month lows after mixed US data
The Euro (EUR) trades little changed against the US Dollar (USD) on Wednesday, with traders showing a muted reaction to the latest US Producer Price Index (PPI) and Retail Sales data.

16:23 Canadian dollar steadies as oil rebound offers support – Scotiabank
The Canadian Dollar (CAD) is steady, up fractionally vs. the US Dollar (USD) as it trades in a tight consolidation range following its decline from late December. The recovery in oil prices is important and is offering the CAD some fundamental support.

The Canadian Dollar (CAD) is steady, up fractionally vs. the US Dollar (USD) as it trades in a tight consolidation range following its decline from late December. The recovery in oil prices is important and is offering the CAD some fundamental support. Interest rate differentials are also showing signs of a turn, reversing lower to fade their recent (CAD-negative) widening over the past week or so, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report. USD/CAD rally stalls below key technical resistance"Our FV assessment for USDCAD is reflecting these developments and appears to be rolling over, in tandem with both spreads (narrower) and oil (higher). Or FV assessment is currently at 1.3823. Near-term domestic risk appears to be limited ahead of Thursday’s existing home sales and manufacturing sales data, and there are no BoC speeches currently scheduled ahead of the next rate decision (and MPR release) on January 28. We are neutral/bullish CAD noting that seasonal trends typically turn bullish for the currency toward the end of January.""USD/CAD’s rally looks to have faltered above several key technical levels including trend resistance around the 50 day MA (1.3887), the 38.2% retracement of the June/Nov rally, as well as the psychologically important 1.39 level. Momentum is marginally bullish however the RSI appears to be fading from its modest 60+ highs and is quickly fading back to the neutral threshold at 50." "Downside levels include the midpoint of the June/Nov range in the mid-1.38s, around the 200 day MA at 1.3838, and finally the 61.8% retracement of the June/Nov rally in the upper 1.37s. We are neutral/bearish targeting near-term weakness toward 1.3820 and see a near-term range bound between 1.3820 and 1.3920."

15:42 US headline Producer Prices rose by 3.0% in November
US Producer Prices rose 3.0% in November from a year earlier, according to the latest figures from the Bureau of Labour Statistics (BLS). The print came in above estimates and October’s 2.8% gain.

15:35 United States Producer Price Index ex Food & Energy (YoY) increased to 2.9% in October from previous 2.6%
United States Producer Price Index ex Food & Energy (YoY) increased to 2.9% in October from previous 2.6%

15:35 United States Producer Price Index ex Food & Energy (MoM) rose from previous 0.1% to 0.3% in October
United States Producer Price Index ex Food & Energy (MoM) rose from previous 0.1% to 0.3% in October

15:34 United States Producer Price Index (YoY) climbed from previous 2.7% to 2.8% in October
United States Producer Price Index (YoY) climbed from previous 2.7% to 2.8% in October

15:33 EUR/CHF trims gains as ECB officials signal caution, focus shifts to Eurozone data
The Euro (EUR) trims part of its gains against the Swiss Franc (CHF) on Wednesday as traders digest remarks from key European Central Bank (ECB) officials amid a thin economic calendar on both sides.

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At the time of writing, EUR/CHF trades around 0.9330, pulling back from an intraday peak near 0.9350, its highest level since December 17.ECB Vice-President Luis de Guindos, speaking at Spain Investors Day in Madrid, flagged elevated geopolitical tensions as a key downside risk to the growth outlook, noting that the high level of uncertainty may not be fully reflected in market pricing. Guindos said inflation is currently around the ECB’s target and domestic demand has supported activity, but warned that global trade disruptions and broader financial stability risks continue to cloud the outlook.Mārtiņš Kazāks, Governor of the Bank of Latvia and a member of the ECB’s Governing Council, said risks to the outlook remain on both sides and warned that uncertainty is still high, including the risk of non-linear shocks. He added that the ECB is delivering on its inflation mandate and that the central bank remains in a good place.Overall, ECB officials continue to signal a steady and cautious policy approach, with little indication that the central bank is in a rush to raise interest rates.ECB Governing Council member and Banque de France Governor François Villeroy de Galhau warned that France could enter a “danger zone” in the eyes of international investors if its budget deficit were to exceed 5% of GDP next year.Figures released on Tuesday showed that France’s central government budget deficit narrowed to about EUR 155.4 billion in the first 11 months of 2025, from EUR 172.5 billion a year earlier.Attention now turns to inflation data from France and Spain, alongside Eurozone Industrial Production and Trade Balance figures due on Thursday. Euro FAQs What is the Euro? The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%). What is the ECB and how does it impact the Euro? The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde. How does inflation data impact the value of the Euro? Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control. Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money. How does economic data influence the value of the Euro? Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency. A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone’s economy. How does the Trade Balance impact the Euro? Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

15:33 United States Producer Price Index (MoM): 0.1% (October) vs previous 0.3%
United States Producer Price Index (MoM): 0.1% (October) vs previous 0.3%

15:31 United States Producer Price Index ex Food & Energy (YoY) came in at 3%, above forecasts (2.7%) in November
United States Producer Price Index ex Food & Energy (YoY) came in at 3%, above forecasts (2.7%) in November

15:31 United States Producer Price Index ex Food & Energy (YoY) increased to 3% in October from previous 2.6%
United States Producer Price Index ex Food & Energy (YoY) increased to 3% in October from previous 2.6%

15:31 United States Producer Price Index (YoY) above expectations (2.7%) in November: Actual (3%)
United States Producer Price Index (YoY) above expectations (2.7%) in November: Actual (3%)

15:31 United States Producer Price Index (MoM): 0.2% (October) vs previous 0.3%
United States Producer Price Index (MoM): 0.2% (October) vs previous 0.3%

15:31 United States Producer Price Index (YoY) climbed from previous 2.7% to 3% in October
United States Producer Price Index (YoY) climbed from previous 2.7% to 3% in October

15:31 United States Producer Price Index ex Food & Energy (YoY) came in at 3.5%, above expectations (2.7%) in November
United States Producer Price Index ex Food & Energy (YoY) came in at 3.5%, above expectations (2.7%) in November

15:30 United States Producer Price Index ex Food & Energy (MoM) declined to 0% in October from previous 0.1%
United States Producer Price Index ex Food & Energy (MoM) declined to 0% in October from previous 0.1%

15:30 United States Producer Price Index ex Food & Energy (MoM) below forecasts (0.2%) in November: Actual (0%)
United States Producer Price Index ex Food & Energy (MoM) below forecasts (0.2%) in November: Actual (0%)

15:30 United States Retail Sales Control Group declined to 0.4% in November from previous 0.8%
United States Retail Sales Control Group declined to 0.4% in November from previous 0.8%

15:30 United States Retail Sales (YoY) fell from previous 3.5% to 3.3% in November
United States Retail Sales (YoY) fell from previous 3.5% to 3.3% in November

15:30 United States Producer Price Index (MoM) meets forecasts (0.2%) in November
United States Producer Price Index (MoM) meets forecasts (0.2%) in November

15:30 United States Retail Sales ex Autos (MoM) registered at 0.5% above expectations (0.4%) in November
United States Retail Sales ex Autos (MoM) registered at 0.5% above expectations (0.4%) in November

15:30 United States Current Account up to $-226.4B in 3Q from previous $-251.3B
United States Current Account up to $-226.4B in 3Q from previous $-251.3B

15:30 United States Retail Sales (MoM) registered at 0.6% above expectations (0.4%) in November
United States Retail Sales (MoM) registered at 0.6% above expectations (0.4%) in November

15:27 USD/CHF steady as US inflation data, geopolitical tensions balance pair
USD/CHF trades around 0.8010 on Wednesday, virtually unchanged on the day at the time of writing. The pair draws mild support from the US Dollar (USD) after US inflation data were released broadly in line with market expectations.

14:42 Gold Price Forecast: XAU/USD reaches highs past $4,630 on geopolitical tensions
Gold (XAU/USD) extends gains on Wednesday, reaching a fresh all-time high above $4,630 ahead of the US session opening.

14:10 Gold holds near record highs amid economic and geopolitical uncertainties
Gold (XAU/USD) regains a positive footing on Wednesday after a shallow pullback from record highs the previous day, as lingering economic and geopolitical uncertainties continue to underpin safe-haven demand.

.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}Gold holds near record highs as economic and geopolitical risks keep safe-haven demand firm.Softer US core CPI keeps expectations tilted toward a gradual Fed easing path.Technically, Gold continues to trend higher, though overbought signals flash caution near record highs.Gold (XAU/USD) regains a positive footing on Wednesday after a shallow pullback from record highs the previous day, as lingering economic and geopolitical uncertainties continue to underpin safe-haven demand. At the time of writing, XAU/USD trades around $4,635, hovering just below the fresh all-time high near $4,639 set earlier in the day.The yellow metal is up more than 2.5% so far this week, supported by concerns over the Federal Reserve’s (Fed) independence and rising unrest in Iran, which have revived fears of possible United States (US) involvement and the risk of wider regional instability. Markets are also closely watching Washington’s renewed interest in Greenland, with high-level talks scheduled later on Wednesday.Further support has come from signs of easing inflation pressures in the US. Data released on Tuesday showed that core Consumer Price Index (CPI) rose less than expected, reinforcing expectations that the Fed can continue along a gradual easing path.Looking ahead, the US economic docket features Producer Price Index (PPI) and Retail Sales data, along with several Fed speakers later on Wednesday, which could offer fresh cues on the monetary policy outlook.Market movers: Markets digest US CPI, Fed outlook, and rising geopolitical riskUS headline CPI rose 0.3% MoM in December, in line with expectations and unchanged from November, keeping the annual rate steady at 2.7%. Core CPI increased 0.2% MoM, below the 0.3% forecast. On a yearly basis, core inflation stood at 2.6%, below the 2.7% forecast.According to a BHH report, progress toward the Fed’s 2% inflation goal is stalling. But upside risks to prices are fading, leaving room for the Fed to lower the funds rate toward more neutral levels around 3%. Fed funds futures currently price little chance of a rate cut at the next three FOMC meetings (January, March, and April), with the next full 25-basis-point cut not priced in until the June 17 meeting.US President Trump renewed his attacks on Fed Chair Jerome Powell after the inflation data, calling the numbers “great” and pressing for rate cuts. His remarks come as markets remain unsettled by reports of a criminal investigation tied to Powell’s testimony on the Fed’s headquarters renovation, keeping concerns over central bank independence in focus.Risks of possible US military action in Iran have risen after President Donald Trump said in a post on Truth Social on Tuesday, “Iranian Patriots, KEEP PROTESTING — TAKE OVER YOUR INSTITUTIONS!!!… HELP IS ON ITS WAY,” adding that all meetings with Iranian officials are cancelled until the violence ends. Trump has previously indicated that military action remains an option if Tehran continues its crackdown.Markets are also on alert for a possible US Supreme Court ruling later on Wednesday on the legality of President Donald Trump’s use of emergency tariff powers.St. Louis Fed President Alberto Musalem said on Tuesday there is “little reason for further easing of policy in the near term” and that policy is “well positioned to balance risks on both sides.” He added that the latest inflation reading was encouraging and supports the view that inflation could converge toward 2% this year.Technical analysis: Uptrend intact despite overbought conditions
From a technical perspective, XAU/USD continues to extend its upward trajectory, shrugging off overbought conditions and fears of an overstretched rally. Buyers remain firmly in control, with price action holding comfortably above both the short- and long-term moving averages, underscoring the strength of the broader uptrend.However, some caution is warranted. The Relative Strength Index (RSI) stands at 71.54, firmly in overbought territory, and a bearish divergence on the daily and 4-hour charts suggests upside momentum is starting to cool. This may limit near-term follow-through and raise the risk of brief consolidation or shallow pullbacks. Still, the Average Directional Index (ADX) at 32.38 points to a strong underlying trend.On the downside, initial support is seen near $4,600, followed by the 21-day SMA around $4,433. On the upside, a decisive hold above current levels keeps the focus on $4,650 as the next immediate bullish target, with room for an extension toward $4,700. Gold FAQs Why do people invest in Gold? Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government. Who buys the most Gold? Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves. How is Gold correlated with other assets? Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal. What does the price of Gold depend on? The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

14:06 Silver hits new all-time high on geopolitical risks, Fed independence concerns
Silver (XAG/USD) extends its bullish momentum on Wednesday and trades around $90.50 at the time of writing, up 4.30% on the day.

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The white metal records a fourth consecutive day of gains and reaches a new all-time high, supported by a macroeconomic and geopolitical backdrop that remains highly favorable for safe-haven assets.Demand for Silver continues to be underpinned by rising geopolitical tensions, particularly in Iran, where widespread public protests linked to high inflation, the sharp depreciation of the Iranian Rial (IRR) and allegations of government corruption are challenging the authorities. The violent crackdown on demonstrators, which has reportedly resulted in hundreds of deaths according to human rights groups, has intensified risk aversion across global markets. Statements from US President Donald Trump, warning that military action could be considered if the repression continues, further add to the sense of uncertainty.Against this backdrop, Silver fully benefits from its safe-haven status. Investors are seeking protection not only from geopolitical risks but also from growing institutional concerns in the United States (US). Worries surrounding the independence of the Federal Reserve (Fed) have intensified following the launch of criminal charges against its Chair, Jerome Powell, related to the management of funds allocated to the renovation of the Fed’s headquarters in Washington. Jerome Powell has denounced the move as politically motivated, arguing that it represents a pretext to influence monetary policy decisions.These developments initially weighed heavily on the US Dollar (USD), as markets feared that an attack on the autonomy of the US central bank could undermine the country’s financial credibility and, potentially, its sovereign credit rating. Although the Greenback has shown signs of stabilization after strong public support for Jerome Powell from several major global central banks, including the European Central Bank (ECB) and the Bank of England (BoE), the broader backdrop remains supportive for precious metals.In addition, expectations of interest rate cuts by the Federal Reserve continue to play a key role. In an environment where real yields are expected to decline and the US Dollar remains structurally under pressure, Silver retains a strong appeal for investors, especially as persistent tightness in the physical market and robust demand continue to underpin its outlook. Silver FAQs Why do people invest in Silver? Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets. Which factors influence Silver prices? Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices. How does industrial demand affect Silver prices? Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices. How do Silver prices react to Gold’s moves? Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.

14:02 United States MBA Mortgage Applications climbed from previous 0.3% to 28.5% in January 9
United States MBA Mortgage Applications climbed from previous 0.3% to 28.5% in January 9

13:55 USD/CAD Price Forecast: Faces selling pressure above 50% Fibo retracement at 1.3900
The USD/CAD pair trades flat around 1.3885 during the European trading session on Wednesday. The Loonie pair consolidates ahead of the United States (US) Producer Price Index (PPI) data for October and November, and the Retail Sales data for November.

13:35 USD/JPY slips after hitting July 2024 highs – BBH
USD/JPY eased below 159.00 after hitting 159.45 overnight, prompting fresh warnings from Japanese Finance Minister Satsuki Katayama against speculative or excessive yen movements, BBH FX analysts report.

USD/JPY eased below 159.00 after hitting 159.45 overnight, prompting fresh warnings from Japanese Finance Minister Satsuki Katayama against speculative or excessive yen movements, BBH FX analysts report. Snap election talk fuels currency volatility in Japan"USD/JPY slipped under 159.00 after hitting 159.45 overnight, its highest level since July 2024. Japanese Finance Minister Satsuki Katayama issued a fresh warning against excessive yen moves." "Katayama said “We won’t rule out any means and will respond appropriately to moves that are excessive, including those that are speculative…The kind of sudden moves we saw on Jan. 9 following a newspaper report of a snap election have nothing to do with fundamentals, and are deeply concerning.” Japan’s chief currency official Atsushi Mimura echoed Katayama’s comments.""Meanwhile, Japanese Prime Minister Sanae Takaichi is expected to dissolve the lower house of the legislature on January 23, paving the way for a snap election in February. Takaichi will give further details on Monday, according to Hirofumi Yoshimura, co-head of junior coalition partner Ishin."

13:32 USD/CNH holds near weekly low amid strong Chinese trade – BBH
USD/CNH remains just above this week’s cyclical low near 6.9600 as China’s December trade data exceeded expectations, with both exports and imports showing solid year-on-year growth, BBH FX analysts report.

USD/CNH remains just above this week’s cyclical low near 6.9600 as China’s December trade data exceeded expectations, with both exports and imports showing solid year-on-year growth, BBH FX analysts report. China posts record 2025 trade surplus of $1.19 trillion"USD/CNH is holding just above this week’s new cyclical low around 6.9600. China’s December trade data is consistent with encouraging economic activity. The trade surplus totaled a record $1190bn in 2025. Both exports and imports overshot expectation in December at 6.6% y/y (consensus: 3.1%, prior: 5.9%) and 5.7% y/y (consensus: 0.9%, prior: 1.9%), respectively." "In our view, a continued appreciation in China’s currency could help the country shift its growth model towards consumer spending by boosting disposable income through cheaper imports. Bottom line: USD/CNH downtrend is intact."

13:28 USD/JPY eases below 159.00 as focus shifts to US Retail Sales, PPI data
The Japanese Yen is trimming some losses on Wednesday as the US Dollar recovery falters.

13:26 Dollar rebounds despite softer-than-expected US CPI – ING
US inflation came in softer than consensus and notably below our own expectation of a 0.4% month‑on‑month core reading.

US inflation came in softer than consensus and notably below our own expectation of a 0.4% month‑on‑month core reading. However, yesterday’s price action actually reinforced our short‑term positive bias on the dollar: despite the soft CPI print, Fed pricing barely moved, and the dollar quickly re‑appreciated, ING's FX analyst Francesco Pesole notes.Fed pricing steady as markets shrug off soft inflation"Part of this may reflect market reluctance to read too much into the CPI data, given lingering shutdown‑related distortions. But it also signals that the perceived risk to the Fed’s independence is continuing to fade – helped by a sense that the criminal investigation into Chair Powell may not progress much further, and by pushback from some GOP lawmakers. We still see a reasonable chance the dollar ultimately emerges stronger from this episode, as Powell could be viewed as more resolutely hawkish in an effort to reinforce Fed independence.""At the same time, the main takeaway from yesterday’s CPI is the persistent softness in goods prices, underscoring again how muted the tariff impact on inflation has been. Many tariff‑exposed categories remained weak, including appliances (‑4.3% MoM), furniture (‑0.4%), new vehicles (0.0%), and video and audio equipment (‑0.4%). This is a striking pattern and suggests US retailers are continuing to compress margins. All in all, it strengthens our conviction in a March Fed cut, even if markets may take time to fully embrace that view.""Today’s attention turns to November PPI (core expected at 0.2% MoM) and retail sales, which should be relatively firm. A busy slate of Fed speakers – Paulson, Miran, Kashkari, Bostic, and Williams – will also be closely watched for any subtle hawkish tilt in support of Powell and the institution’s independence. We may also get the Supreme Court ruling on tariffs today, widely expected to be unfavourable. If so, expect substantial noise from the Trump administration, but markets are unlikely to be surprised. Our base case is for a modestly positive dollar reaction."

13:07 Gold & Silver reverse dip, rally to fresh session highs – OCBC
Prices of Gold and Silver reversed the earlier dip to trade fresh highs for the session. The earlier dip was a knee-jerk response to new margin changes.

Prices of Gold and Silver reversed the earlier dip to trade fresh highs for the session. The earlier dip was a knee-jerk response to new margin changes. Effective after the close of business on 13 January, the margins for Gold, Silver, Platinum and Palladium will be based on a percentage of notional instead of the current approach of margins based on a dollar amount, OCBC's FX analysts Sim Moh Siong and Christopher Wong note.Silver tightness and macro tailwinds underpin bullish outlook"CME had previously raised the margin requirements on precious metal futures twice in the last week of Dec 2025, following a bout of volatility. Margin increases can lead to a reduction in positions especially when market liquidity conditions are less liquid. While this may undermine prices, this should not be misinterpreted as a shift in fundamental story. That said, markets may still take this opportunity to gauge if prices of precious metals continue to hold up.""Notwithstanding the risk of a near term pullback, the fundamental story remains intact. For Gold, the Venezuela episode, Trump’s comments on Greenland, and highly fluid developments in Iran underscores the persistence of geopolitical uncertainty and the risk of episodic flare-ups across multiple regions, even when individual events may de-escalate quickly. The combination of structural demand, macro tailwinds, set in an environment of heightened geopolitical uncertainty should remain supportive of Gold outlook." "Persistent physical market tightness and investor demand, compounded by recent regulatory shifts in China are some of the drivers underpinning the constructive outlook for Silver. On a technical note, Gold was last seen at 4633.00 levels. Daily momentum is mildly bullish but rise is RSI moderated near overbought conditions. Risk of pullback not ruled out in the near term. Support at 4454 (23.6% fibo retracement of Oct low to Jan high), 4416 (21 DMA)."

13:04 Germany 30-y Bond Auction increased to 3.45% from previous 3.26%
Germany 30-y Bond Auction increased to 3.45% from previous 3.26%

13:03 EU‘s von der Leyen: Unveils military and budget support for Ukraine
European Union (EU) Commission President Ursula von der Leyen announced the allocation of funds for Ukraine’s military and budget support during the European trading session on Wednesday.

13:01 USD/CNH: Likely to trade in a range between 6.9650 and 6.9800 – UOB Group
US Dollar (USD) is likely to trade in a range between 6.9650 and 6.9800. In the longer run, USD remains neutral but is now expected to trade in a lower range of 6.9520/6.9900, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

US Dollar (USD) is likely to trade in a range between 6.9650 and 6.9800. In the longer run, USD remains neutral but is now expected to trade in a lower range of 6.9520/6.9900, UOB Group's FX analysts Quek Ser Leang and Peter Chia note. USD remains neutral 24-HOUR VIEW: "Yesterday, USD traded between 6.9674 and 6.9766, narrower than our expected range of 6.9620/6.9820. The price action provides no fresh clues, and we continue to expect USD to trade in a range, most likely between 6.9650 and 6.9800." 1-3 WEEKS VIEW: "Our update from yesterday (13 Jan, spot at 6.9710) remains valid. As highlighted, we maintain our neutral view from last week, but we now expect USD to trade in a lower range of 6.9520/6.9900."

12:52 United Kingdom 10-y Bond Auction: 4.456% vs previous 4.613%
United Kingdom 10-y Bond Auction: 4.456% vs previous 4.613%

12:50 Oil hits multi‑week highs on Iran unrest and supply fears – OCBC
Oil prices climbed sharply, with Brent rising toward multi‑week highs near the mid‑$60s as escalating unrest in Iran and the threat of U.S. tariffs on countries trading with Tehran boosted supply disruption fears and added a geopolitical risk premium to crude markets, OCBC's FX analysts Sim Moh Sion

Oil prices climbed sharply, with Brent rising toward multi‑week highs near the mid‑$60s as escalating unrest in Iran and the threat of U.S. tariffs on countries trading with Tehran boosted supply disruption fears and added a geopolitical risk premium to crude markets, OCBC's FX analysts Sim Moh Siong and Christopher Wong note.Trump’s tariff threats on Iran trade add risk premium"Oil prices climbed to a two-month high as markets fretted over potential supply disruptions from escalating civil unrest in Iran. Any disruption could threaten up to 3.5mb/d of output, with nearly 2mb/d reaching global markets." "President Trump intensified pressure on Iran, announcing a 25% tariff on goods from countries 'doing business' with Tehran. Rising geopolitical risk could push Brent toward USD70/bbl in the near term. However, OPEC+’s ability to raise supply should limit the risk of a sharp price spike." "We maintain our forecast for Brent outlook to remain subdued but bottom near USD59/bbl by year-end, pending clarity on Venezuela’s new government and resource policy. OPEC’s pause in quota hikes supports soft floor for Brent in high-USD50s."

12:43 USD/JPY: Resistance at 160.00 is likely out of reach for now – UOB Group
Strong momentum indicates further US Dollar (USD) strength; the significant resistance at 160.00 is likely out of reach for now. In the longer run, strong USD rally has scope to extend, potentially breaking above 160.00, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Strong momentum indicates further US Dollar (USD) strength; the significant resistance at 160.00 is likely out of reach for now. In the longer run, strong USD rally has scope to extend, potentially breaking above 160.00, UOB Group's FX analysts Quek Ser Leang and Peter Chia note. Strong USD rally has scope to extend24-HOUR VIEW: "While we indicated yesterday that 'there is scope for USD to rise further', we were of the view that 'any advance is likely part of a 157.60/158.40 range' We stated that USD 'is unlikely to break clearly above 158.40'. We were correct on the first count, but not the second. USD broke above 158.40 and surged, reaching a high of 159.19. Strong momentum indicates further USD strength, but the deeply overbought conditions suggest a slower pace of advance, and the significant resistance at 160.00 is likely out of reach for now. Note that there is a minor resistance at 159.60. On the downside, support levels are at 158.80 and 158.50." 1-3 WEEKS VIEW: "We turned positive on USD two days ago (12 Jan, spot at 158.00), pointing out that 'with rapidly increasing upward momentum, USD is likely to continue to rise'. We also pointed out that 'the level to watch is last year’s high, near 158.90'. Our view was validated as USD rose to a high of 159.19 yesterday. Despite the deeply overbought short-term conditions, the strong USD rally has scope to extend, potentially breaking above the round-number resistance of 160.00. Overall, only a breach of 157.70 (‘strong support’ level previously at 157.00) would indicate that the current strong upward pressure has eased."

12:40 JPY weakens as Japan snap election talk intensifies – OCBC
Speculation over early elections in Japan has driven renewed Japanese Yen (JPY) underperformance, pushing USD/JPY toward the 160 level while lifting JGB yields and domestic equities.

Speculation over early elections in Japan has driven renewed Japanese Yen (JPY) underperformance, pushing USD/JPY toward the 160 level while lifting JGB yields and domestic equities. Despite elevated intervention risks, fiscal expansion fears are weakening the traditional rate-differential signal, leaving the yen outlook fragile and making fresh USD/JPY longs increasingly unattractive, OCBC's FX analysts Sim Moh Siong and Christopher Wong note.USD/JPY nears 160 amid rising intervention risk"Prospects of early elections in Japan triggered another bout of JPY underperformance versus G10 peers, alongside higher JGB yields and stronger equities. Intervention risk near 160 for USD/JPY remains a key watchpoint as Finance Minister Katayama and US Treasury Secretary Bessent reportedly 'shared' concerns over oneway JPY weakness.""Japanese Prime Minister Takaichi may call snap Lower House elections for 8 or 15 February, taking advantage of strong approval ratings. An early election aimed at solidifying the LDP’s position could pave the way for larger fiscal stimulus, reinforcing fiscal sustainability concerns." "While narrowing US‑Japan rate differentials would typically point to downside in USD/JPY, fiscal worries have weakened this transmission channel. As a result, the JPY outlook remains subdued, even as rising intervention risk makes chasing USD/JPY higher at current levels unattractive."

12:28 EUR/GBP trades lower as Pound strengthens on BoE comments ahead of UK GDP data
EUR/GBP trades around 0.8660 on Wednesday at the time of writing, down 0.12% on the day, as the Pound Sterling (GBP) benefits from cautious investor positioning ahead of UK growth data.

12:28 NZD/USD hovers below 0.5750 despite upbeat trade data from China
The New Zealand Dollar is ticking higher on Wednesday but remains trading within Tuesday’s range, with upside attempts capped below 0.5750 and FX volatility subdued.

12:23 Japan’s Yoshimura: PM Takaichi to call snap election in parliamentary session
Japan’s Ruling Ishin Party Leader Yoshimura said during European trading hours on Wednesday that Prime Minister (PM) Sanae Takaichi will call a snap election at the beginning of the parliamentary session.

12:20 NZD/USD: Increase in downward momentum is likely to lead to a lower range – UOB Group
Slight increase in downward momentum is likely to lead to a lower range of 0.5720/0.5765 rather than a continued decline. In the longer run, for the time being, NZD is likely to trade in a range between 0.5720 and 0.5805, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Slight increase in downward momentum is likely to lead to a lower range of 0.5720/0.5765 rather than a continued decline. In the longer run, for the time being, NZD is likely to trade in a range between 0.5720 and 0.5805, UOB Group's FX analysts Quek Ser Leang and Peter Chia note. NZD is likely to trade between 0.5720 and 0.580524-HOUR VIEW: "On Monday, NZD rose to a high of 0.5775. Yesterday, we highlighted the following: 'The advance has gathered momentum, and NZD could rise further today. That said, overbought conditions could limit any gains to a test of 0.5785. The major resistance at 0.5805 is not expected to come into view. Support is at 0.5775; a breach of 0.5740 would indicate that the current upward pressure has eased'. NZD subsequently rose to 0.5784 and then retreated, reaching a low of 0.5737. Upward pressure has eased, and the slight increase in downward momentum is likely to lead to a lower range of 0.5720/0.5765 rather than a continued decline." 1-3 WEEKS VIEW: "We continue to hold the same view as yesterday (13 Jan, spot at 0.5770). As highlighted, the recent downward pressure has eased, and for the time being, NZD 'is likely to trade in a range between 0.5720 and 0.5805'."

12:12 Silver rally stretches as momentum stays extreme – Société Générale
Silver has extended its breakout and is approaching the upper boundary of a steep ascending channel near $96.50–$97.00, with momentum indicators at multi-year highs despite clear signs of an overstretched trend, Société Générale's FX analysts note.

Silver has extended its breakout and is approaching the upper boundary of a steep ascending channel near $96.50–$97.00, with momentum indicators at multi-year highs despite clear signs of an overstretched trend, Société Générale's FX analysts note. XAG/USD nears channel resistance at $97"Silver broke out of its brief consolidation earlier this week, extending its upward move. It is now approaching the upper boundary of a steeper ascending channel at $96.50/$97.00. The daily MACD has surged to multi-year highs and remains well above the equilibrium line, underscoring strong momentum but also highlights an overstretched trend." "Notably, Silver is nearly 45% above the 50-DMA; this is a historically extreme deviation and highlights the risk of near-term consolidation or corrective action. However, no clear signs of a meaningful pullback have emerged yet. The upper part of recent range at $82.70 could serve as initial support."

11:42 AUD/USD: Major support at 0.6655 is not expected to come into view – UOB Group
There is a chance for Australian Dollar (AUD) to test 0.6670; the major support at 0.6655 is not expected to come into view. In the longer run, the current price movements are likely part of a range-trading phase between 0.6655 and 0.6745, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

There is a chance for Australian Dollar (AUD) to test 0.6670; the major support at 0.6655 is not expected to come into view. In the longer run, the current price movements are likely part of a range-trading phase between 0.6655 and 0.6745, UOB Group's FX analysts Quek Ser Leang and Peter Chia note. Current price movements are likely part of a range-trading phase24-HOUR VIEW: "AUD rose to a high of 0.6722 two days ago. Yesterday, when it was at 0.6705, we noted that 'the increase in upward momentum is not strong enough to suggest a continued rise'. We held the view that AUD “is more likely to trade in a higher range of 0.6685/0.6730'. During the NY session, AUD fluctuated between 0.6673 and 0.6727, closing on a soft note at 0.6681 (-0.43%). This time around, the increase in downward momentum is not sufficient to indicate a sustained decline. That said, there is a chance for AUD to test 0.6670. The major support at 0.6655 is not expected to come into view. Resistance is at 0.6700, followed by 0.6715." 1-3 WEEKS VIEW: "In our latest narrative from last Friday (09 Jan, spot at 0.6700), we highlighted that 'the current price movements are likely part of a range trading phase between 0.6655 and 0.6745'. Our view remains unchanged."

11:34 EUR/USD holds near one-month lows amid a moderate US Dollar recovery
EUR/USD is practically flat on Wednesday, trading just below 1.1650 at the time of writing, with one-month lows in the 1.1615 area in sight, which are at a relatively short distance.

.fxs-major-currency-prices-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left}.fxs-major-currency-prices-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-major-currency-prices-content{color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:8px 16px}table.fxs-major-currency-prices-currency-prices-table{width:100%;text-align:center;border-collapse:collapse;font-size:1rem}table.fxs-major-currency-prices-currency-prices-table th{background-color:#f2f2f2}table.fxs-major-currency-prices-currency-prices-table td{color:#fff}table.fxs-major-currency-prices-currency-prices-table td.green{background-color:#9cd6cd}table.fxs-major-currency-prices-currency-prices-table td.red{background-color:#faafb5}table.fxs-major-currency-prices-currency-prices-table td.blue-grey{background-color:#888a93}.fxs-major-currency-prices-currency-prices-legend{font-size:11px;margin:8px;color:#49494f}@media (min-width:680px){.fxs-major-currency-prices-content{font-size:16px;line-height:21.6px}.fxs-major-currency-prices-title{font-size:19.2px;line-height:27.2px}}.fxs-major-currency-prices-currency-price td.dark-green{background-color:#39ad9a}.fxs-major-currency-prices-currency-price td.light-green{background-color:#9cd6cd}.fxs-major-currency-prices-currency-price td.gray{background-color:#888a93}.fxs-major-currency-prices-currency-price td.light-red{background-color:#faafb5}.fxs-major-currency-prices-currency-price td.strong-red{background-color:#f55e6a} .fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}EUR/USD treads water below 1.1650 in a bearish trend from weekly highs at 1.1700.The US Dollar remains firm despite moderate US inflation figures.The pair remains in a bearish channel with one-month lows at 1.1618 in sight.EUR/USD is practically flat on Wednesday, trading just below 1.1650 at the time of writing, with one-month lows in the 1.1615 area in sight, which are at a relatively short distance. The US Dollar maintains a moderate bullish bias in a calm market session, unfazed by the softer-than-expected US core Consumer Prices Index (CPI) data released on Tuesday.Figures from the US Bureau of Labour Statistics (BLS) revealed that price pressures remained fairly steady in December, against market hopes of an uptick in the core inflation. The US Dollar, however, maintained its mild bullish tone, as the data did not change the Federal Reserve's (Fed) monetary policy expectations. Futures market is practically fully pricing a steady interest rate decision in the late-January meeting, and the chances of a rate cut in March have dropped to 26% from nearly 40% one week ago, according to the CME FedWatch tool.Market volatility has been low during a dozy Asian session. The economic calendar in Europe is void, apart from a speech by the European Central Bank’s Vice-President, Luis De Guindos. In the US, Retail Sales data and an array of Fed speakers will be in focus, although traders will keep an eye on the US Supreme Court, which might rule on US President Donald Trump’s tariffs later on Wednesday. Euro Price Today The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD -0.01% -0.09% 0.03% 0.00% -0.25% -0.16% 0.00% EUR 0.01% -0.08% 0.04% 0.02% -0.24% -0.15% 0.02% GBP 0.09% 0.08% 0.13% 0.10% -0.16% -0.07% 0.10% JPY -0.03% -0.04% -0.13% -0.00% -0.26% -0.18% -0.00% CAD -0.01% -0.02% -0.10% 0.00% -0.26% -0.17% 0.00% AUD 0.25% 0.24% 0.16% 0.26% 0.26% 0.10% 0.26% NZD 0.16% 0.15% 0.07% 0.18% 0.17% -0.10% 0.17% CHF -0.01% -0.02% -0.10% 0.00% -0.00% -0.26% -0.17% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote). Daily Digest Market Movers: US CPI data failed to hurt the US DollarThe US Dollar maintains its moderate constructive tone intact, despite the softer-than-expected core CPI figure seen on Tuesday. Headline US inflation grew 0.3% pace in December and 2.7% year-on-year, in line with market expectations, while the core CPI slowed to 0.2% from 0.3% the previous month and grew at a steady 2.6% annual pace, against market expectations of 0.3% and 2.7% increases, respectively.The US ADP employment 4-week average report, on the other hand, revealed an 11.75K increase in the first week of 2026, following the previous 11K. This reading marks the fifth consecutive week with a net increase in jobs, which has contributed to easing concerns about the labour market and strengthens the case for steady Fed interest rates in the coming months.Also on Tuesday, the heads of the European Central Bank (ECB), the Bank of England (BoE), the Bank of Canada (BoC), and nine other central banks released a statement showing their solidarity with Federal Reserve Chairman Powell in reaction to the unprecedented attacks from US President Donald Trump. The central bankers defended the independence of their institutions as a cornerstone for price, financial, and economic stability in the interest of the citizens that they serve.Later on Wednesday, November's US Retail Sales are expected to show that consumption bounced up 0.4% after a flat performance in October, boosted by higher car sales. Excluding autos, sales of all other items are seen growing at a 0.4% pace, unchanged from last month.A slew of Fed speakers will also take the stage during the American session. The focus will be on Governor Stephen Miran, Trump's latest pick for the Board, and a vocal dove. Philadelphia Fed President Anna Paulson, Atlanta Fed President Raphael Bostic, Minneapolis Fed President Neel Kashkari, and New York Fed President John Williams will also meet the press on Wednesday.Technical Analysis: EUR/USD bears eye the 1.1615 support areaEUR/USD 4-Hour Chart
The EUR/USD pair treads water below the 1.1650 line, after pulling back from the 1.1700 area earlier this week. Technical indicators show a neutral-to-bearish tone. The Moving Average Convergence Divergence (MACD) is practically flat on the 4-hour chart, showing a lack of momentum, while the Relative Strength Index (RSI) has dropped below 43, pointing to fading demand.Price action remains trapped within a descending channel from late December highs. The intraday low is near 1.1635, and the one-month low of 1.1618 remains in the bears' sight. Further down, the confluence of the channel bottom and December 2 lows, right below 1.1600, is a key area.

Immediate resistance stands at the channel top, now around 1.1685, ahead of Monday's high, near 1.1700. Further up, the target is the January 6 high, in the area of 1.1740.(The technical analysis of this story was written with the help of an AI tool.)
US Dollar FAQs What is the US Dollar? The US Dollar (USD) is the official currency of the United States of America, and the ‘de facto’ currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign exchange turnover, or an average of $6.6 trillion in transactions per day, according to data from 2022. Following the second world war, the USD took over from the British Pound as the world’s reserve currency. For most of its history, the US Dollar was backed by Gold, until the Bretton Woods Agreement in 1971 when the Gold Standard went away. How do the decisions of the Federal Reserve impact the US Dollar? The most important single factor impacting on the value of the US Dollar is monetary policy, which is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability (control inflation) and foster full employment. Its primary tool to achieve these two goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed’s 2% target, the Fed will raise rates, which helps the USD value. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates, which weighs on the Greenback. What is Quantitative Easing and how does it influence the US Dollar? In extreme situations, the Federal Reserve can also print more Dollars and enact quantitative easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system. It is a non-standard policy measure used when credit has dried up because banks will not lend to each other (out of the fear of counterparty default). It is a last resort when simply lowering interest rates is unlikely to achieve the necessary result. It was the Fed’s weapon of choice to combat the credit crunch that occurred during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy US government bonds predominantly from financial institutions. QE usually leads to a weaker US Dollar. What is Quantitative Tightening and how does it influence the US Dollar? Quantitative tightening (QT) is the reverse process whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing in new purchases. It is usually positive for the US Dollar.

11:28 USD/JPY rally accelerates as election risk returns – ING
There seems to be no way of stopping the USD/JPY rally. Speculation of snap elections is mounting, and the return of some degree of political risk premium is offering another chance to test Japan’s tolerance band on its currency.

There seems to be no way of stopping the USD/JPY rally. Speculation of snap elections is mounting, and the return of some degree of political risk premium is offering another chance to test Japan’s tolerance band on its currency. Ongoing Japan-China diplomatic tensions are also adding fuel to the fire, ING's FX analyst Francesco Pesole notes.Intervention alone unlikely to reverse USD/JPY trend"On Monday, we thought upside risks extended to 160, and while the rally may slow close to that mark on intervention fears, it’s looking increasingly likely that level will be ultimately tested. After all, in July 2024, Japan let the pair rise above 160 and only intervened when it nearly touched 162. It’s hard to pick the right level for intervention, but if the BoJ hasn’t moved so far, it’s reasonable to expect it’ll just wait for a 160+ print.""For reference, the 11 July 2024 USD/JPY move on the first intervention was -1.8%. Interestingly, back then, CFTC net non-commercial positions on the yen were -52% of open interest, and they are now instead 3% in net-long territory, even if spot action argues otherwise. What matters the most is whether FX interventions can drive a sustainable USD/JPY recovery.""As a rule of thumb, they don’t on their own. In 2024, they effectively curbed upside pressure in the short term, but the follow-up drop in USD/JPY was entirely a function of US 2-year swap rates collapsing by some 50bp in the following month. That doesn’t seem like a plausible scenario at this stage, and the risk of snap elections keeps markets reluctant to price in any BoJ hike before this summer."

11:28 GBP/JPY eases from 214.00 highs with the bullish trend intact
GBP/JPY eases below 214.00 after hitting fresh all-time highs at 214.30.

11:22 GBP/USD: Major support at 1.3390 is unlikely to come under threat – UOB Group
Pullback has scope to extend; the major support at 1.3390 is unlikely to come under threat. In the longer run, GBP is likely in a range-trading phase between 1.3390 and 1.3520, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Pullback has scope to extend; the major support at 1.3390 is unlikely to come under threat. In the longer run, GBP is likely in a range-trading phase between 1.3390 and 1.3520, UOB Group's FX analysts Quek Ser Leang and Peter Chia note. Pullback has scope to extend24-HOUR VIEW: "Following the sharp rebound in GBP that reached a high of 1.3486 two days ago, we indicated yesterday that 'the sharp rebound has scope to test 1.3495 before a pullback can be expected'. We pointed out that 'the major resistance at 1.3520 is not expected to come under threat'. Our view turned out to be correct, as GBP rose to 1.3495 and then pulled back sharply to a low of 1.3422. This time around, the pullback has scope to extend, but the major support at 1.3390 is unlikely to come under threat. Note that there is another support level at 1.3410. Resistance is at 1.3450; a breach of 1.3470 would indicate that the current downward pressure has eased." 1-3 WEEKS VIEW: "Our update from yesterday (13 Jan, spot at 1.3465) remains valid. As highlighted, the recent price action suggests that GBP 'is likely in a range-trading phase, probably between 1.3390 and 1.3520'. While we continue to hold the same view, following the pullback in the NY session, the risk of GBP breaking below 1.3390 has increased."

11:15 USD: Soft core CPI eases tariff fears but Fed seen on hold – OCBC
December’s softer-than-expected US core CPI suggests tariff-driven inflation pressures may be fading, but shutdown-related distortions leave markets confident the Fed will hold rates steady in January, OCBC's FX analysts Sim Moh Siong and Christopher Wong note.

December’s softer-than-expected US core CPI suggests tariff-driven inflation pressures may be fading, but shutdown-related distortions leave markets confident the Fed will hold rates steady in January, OCBC's FX analysts Sim Moh Siong and Christopher Wong note.USD downside eyed in 1H26 amid political uncertainty"December’s softer-than-expected US core CPI suggests tariff pass-through may have peaked. Yet, data distortions from the government shutdown mean markets still expect the Fed to keep rates steady at its January meeting." "Inflation remains secondary to labour data for policy decisions. We anticipate modest USD weakness in 1H26, driven by dovish risk from Fed leadership changes and heightened scrutiny over Fed independence—especially with oral arguments in the Lisa Cook case on 21 January, ahead of the FOMC meeting on 27-28 January." "However, cyclical strength in US data continues to argue for USD upside. A USD rebound could come sooner than expected if US growth accelerates ahead of mid-term elections."

11:06 Pound Sterling trades higher ahead of key UK GDP data
The Pound Sterling (GBP) gains against its major peers, except antipodeans, on Wednesday. The British currency trades higher ahead of the United Kingdom (UK) monthly Gross Domestic Product (GDP) and factory data, which will be released on Thursday.

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The British currency trades higher ahead of the United Kingdom (UK) monthly Gross Domestic Product (GDP) and factory data, which will be released on Thursday.The UK Office for National Statistics (ONS) is expected to show that the economy expanded 0.1% in November. Meanwhile, month-on-month (MoM) Manufacturing Production is estimated to have grown steadily by 0.5%, with Industrial Production remaining broadly flat.Investors will pay close attention to the UK GDP growth data to get cues on the current state of the economy. The UK GDP declined by 0.1% in both September and October after remaining flat in August.The data will also drive market expectations for the Bank of England’s (BoE) monetary policy outlook. In the December policy meeting, the BoE guided that monetary policy will remain on a gradual downward path.During European trading hours, BoE policymaker Alan Taylor said in a summit in Singapore that he expects interest rates to fall to their neutral levels soon, citing that price pressures could return to target by mid of 2026.Daily digest market movers: Global central bank chiefs back Fed’s PowellThe Pound Sterling trades 0.2% higher to near 1.3445 against the US Dollar (USD) during the European trading session on Wednesday. The GBP/USD pair rises amid Sterling’s outperformance, while the US Dollar ticks lower.As of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, edges down to near 99.10, but is still close to its monthly high near 99.26.The US Dollar gained sharply on Tuesday after the release of the US Consumer Price Index (CPI) data for December. The CPI report showed that both headline and core inflation remained steady at 2.7% and 2.6% year-on-year (YoY), respectively, firming expectations that the Federal Reserve (Fed) will not cut interest rates in its policy meeting later this month.However, US President Donald continued to increase the pressure on Fed Chair Jerome Powell to cut interest rates further, while praising steady inflation figures. “We have very low inflation. That would give ’too late Powell’ the chance to give us a nice beautiful big rate cut," Trump said, according to a Reuters report.For more cues on inflation, investors will focus on the United States (US) Producer Price Index (PPI) data for October and November, which will be published at 13:30 GMT.Meanwhile, chiefs of global central banks have shown support towards Fed Chair Jerome Powell over his criminal charges, which he called a “pretext” for refraining from follow the president’s preferences. Chiefs from the European Central Bank (ECB), the BoE, and nine other central banks said collectively that “independence of central banks is a cornerstone of price, financial and economic stability in the interest of the citizens that we serve”, and “we stand in full solidarity with the Fed System and its Chair Jerome H. Powell”.Technical Analysis: GBP/USD wobbles near 20-day EMAGBP/USD trades at 1.3437 as of writing. The 20-day Exponential Moving Average has stalled around 1.3439, with price testing this dynamic cap. A close above the average would improve near-term traction. The RSI at 52 (neutral) edges higher, but still reflects balanced momentum.Measured from the 1.3780 high to the 1.3006 low, the 50% Fibonacci retracement at 1.3393 acts as resistance on rebounds, while the 61.8% retracement at 1.3485 caps the upside. A close above the latter would signal the bearish trend is fading and could extend the recovery, while failure there would keep the pair range-bound.(The technical analysis of this story was written with the help of an AI tool.) Pound Sterling FAQs What is the Pound Sterling? The Pound Sterling (GBP) is the oldest currency in the world (886 AD) and the official currency of the United Kingdom. It is the fourth most traded unit for foreign exchange (FX) in the world, accounting for 12% of all transactions, averaging $630 billion a day, according to 2022 data. Its key trading pairs are GBP/USD, also known as ‘Cable’, which accounts for 11% of FX, GBP/JPY, or the ‘Dragon’ as it is known by traders (3%), and EUR/GBP (2%). The Pound Sterling is issued by the Bank of England (BoE). How do the decisions of the Bank of England impact on the Pound Sterling? The single most important factor influencing the value of the Pound Sterling is monetary policy decided by the Bank of England. The BoE bases its decisions on whether it has achieved its primary goal of “price stability” – a steady inflation rate of around 2%. Its primary tool for achieving this is the adjustment of interest rates. When inflation is too high, the BoE will try to rein it in by raising interest rates, making it more expensive for people and businesses to access credit. This is generally positive for GBP, as higher interest rates make the UK a more attractive place for global investors to park their money. When inflation falls too low it is a sign economic growth is slowing. In this scenario, the BoE will consider lowering interest rates to cheapen credit so businesses will borrow more to invest in growth-generating projects. How does economic data influence the value of the Pound? Data releases gauge the health of the economy and can impact the value of the Pound Sterling. Indicators such as GDP, Manufacturing and Services PMIs, and employment can all influence the direction of the GBP. A strong economy is good for Sterling. Not only does it attract more foreign investment but it may encourage the BoE to put up interest rates, which will directly strengthen GBP. Otherwise, if economic data is weak, the Pound Sterling is likely to fall. How does the Trade Balance impact the Pound? Another significant data release for the Pound Sterling is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought-after exports, its currency will benefit purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

11:04 WTI holds losses below $60.50 as Venezuela resumes exports, US stocks rise
West Texas Intermediate (WTI) Oil price halts its four-day winning streak, trading around $60.40 per barrel during the European hours on Wednesday. Crude Oil prices lost ground as Venezuela resumed exports.

.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}WTI slips as Venezuela begins reversing Oil production cuts imposed during the US embargo.Two supertankers departed Venezuela carrying about 1.8 million barrels each, likely the first shipments under a US supply deal.API reported US crude Oil inventories rose by 5.27 million barrels in the week ended January 9.West Texas Intermediate (WTI) Oil price halts its four-day winning streak, trading around $60.40 per barrel during the European hours on Wednesday. Crude Oil prices lost ground as Venezuela resumed exports.Venezuela has started scaling back oil production cuts introduced during the US embargo. Crude exports are also resuming, signaling a gradual return of supply to global markets. Two supertankers left Venezuelan waters on Monday carrying roughly 1.8 million barrels of crude each, potentially marking the first deliveries under a 50-million-barrel supply agreement with the United States, sources cited by Reuters.The American Petroleum Institute (API) reported Tuesday that Weekly Crude Oil Stock rose by 5.27 million barrels in the week ended January 9. The US Energy Information Administration (EIA) ‍will release Crude Oil Stocks Change later on Wednesday. A Reuters poll on Tuesday showed US crude oil stockpiles likely fell last week, while gasoline and distillate inventories were expected to rise.However, Oil prices held near a three-month high, supported by growing supply risks linked to escalating protests in Iran. The US-based HRANA rights group reported the protest death toll at 2,571. US President Donald Trump has canceled talks with Iranian officials and urged demonstrators to continue, raising fears that potential US involvement could threaten Iran’s roughly 3.3 million bpd Oil output.Indian Oil Corporation has purchased its first cargo of Ecuador’s Oriente crude for end-March delivery as India’s largest refiner broadens its sourcing to partially replace Russian Oil. US and EU sanctions on Russian producers and vessels have disrupted supplies, pushing Indian refiners to seek alternative sources, per Reuters. WTI Oil FAQs What is WTI Oil? WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is considered a high quality Oil that is easily refined. It is sourced in the United States and distributed via the Cushing hub, which is considered “The Pipeline Crossroads of the World”. It is a benchmark for the Oil market and WTI price is frequently quoted in the media. What factors drive the price of WTI Oil? Like all assets, supply and demand are the key drivers of WTI Oil price. As such, global growth can be a driver of increased demand and vice versa for weak global growth. Political instability, wars, and sanctions can disrupt supply and impact prices. The decisions of OPEC, a group of major Oil-producing countries, is another key driver of price. The value of the US Dollar influences the price of WTI Crude Oil, since Oil is predominantly traded in US Dollars, thus a weaker US Dollar can make Oil more affordable and vice versa. How does inventory data impact the price of WTI Oil The weekly Oil inventory reports published by the American Petroleum Institute (API) and the Energy Information Agency (EIA) impact the price of WTI Oil. Changes in inventories reflect fluctuating supply and demand. If the data shows a drop in inventories it can indicate increased demand, pushing up Oil price. Higher inventories can reflect increased supply, pushing down prices. API’s report is published every Tuesday and EIA’s the day after. Their results are usually similar, falling within 1% of each other 75% of the time. The EIA data is considered more reliable, since it is a government agency. How does OPEC influence the price of WTI Oil? OPEC (Organization of the Petroleum Exporting Countries) is a group of 12 Oil-producing nations who collectively decide production quotas for member countries at twice-yearly meetings. Their decisions often impact WTI Oil prices. When OPEC decides to lower quotas, it can tighten supply, pushing up Oil prices. When OPEC increases production, it has the opposite effect. OPEC+ refers to an expanded group that includes ten extra non-OPEC members, the most notable of which is Russia.

10:54 USD: US-Greenland talks offer limited but positive risk relief for EUR – ING
A US delegation led by JD Vance and Marco Rubio meets Danish and Greenlandic officials today, but markets have so far priced little risk from US threats, leaving only modest scope for any geopolitical premium to unwind, ING's FX analyst Francesco Pesole notes.

A US delegation led by JD Vance and Marco Rubio meets Danish and Greenlandic officials today, but markets have so far priced little risk from US threats, leaving only modest scope for any geopolitical premium to unwind, ING's FX analyst Francesco Pesole notes.EUR/USD downside intact despite potential constructive headlines"A US delegation, including JD Vance and Marco Rubio, will meet today with officials from Denmark and Greenland. So far, the US threats regarding Greenland have had little discernible market impact – beyond some moves in EUR/DKK forwards – so there is limited risk premium to unwind even if the talks point toward a cooperative outcome. Still, any progress could remove a lingering geopolitical 'black swan' risk for European currencies.""Indeed, there appears to be some room for a deal. That would likely hinge on the US stepping back from any notion of 'ownership' of Greenland – an idea strongly opposed by both Denmark and Greenland – in exchange for a combination of economic partnerships and an expanded US military presence.""Constructive headlines could slow the EUR/USD decline a touch, but we continue to target 1.1600 in the coming days."

10:40 EUR/USD: A break below 1.1615 appears unlikely – UOB Group
Slight increase in downward momentum could lead to Euro (EUR) edging lower, but a break of 1.1615 appears unlikely.

Slight increase in downward momentum could lead to Euro (EUR) edging lower, but a break of 1.1615 appears unlikely. In the longer run, weakness in EUR from early last week has stabilized; for the time being, it is likely to consolidate between 1.1615 and 1.1730, UOB Group's FX analysts Quek Ser Leang and Peter Chia note. Weakness in EUR from early last week has stabilized24-HOUR VIEW: "On Monday, EUR rebounded strongly to a high of 1.1698. In the early Asian session yesterday, when EUR was at 1.1665, we highlighted the following: 'The sharp rebound appears to be running ahead of itself, and EUR is unlikely to rise much. Today, EUR is more likely to trade in a range, probably between 1.1640 and 1.1700'. EUR subsequently traded sideways until the NY session, when it rose briefly to 1.1677 before dropping to a low of 1.1633. EUR closed slightly lower at 1.1641 (-0.22%). The price action has led to a slight increase in downward momentum. Today, we expect EUR to edge lower but a break of the major support at 1.1615 appears unlikely. On the upside, resistance levels are at 1.1660 and 1.1670." 1-3 WEEKS VIEW: "After holding a negative EUR stance for a week, we revised our view yesterday (13 Jan, spot at 1.1665), indicating that 'the weakness in EUR from early last week has stabilized'. We highlighted that EUR 'appears to have entered a consolidation phase, and for the time being, it is likely to trade between 1.1615 and 1.1730'. There is no change in our view. Looking ahead, if EUR breaks and holds below 1.1615, it could potentially trigger a decline toward 1.1585."

10:38 ECB’s de Guindos: Financial stability risks remain elevated
European Central Bank (ECB) Vice President Luis de Guindos said in a speech during European trading hours on Wednesday that there are noticeable downside growth risks due to geopolitical woes.

10:18 BoE's Taylor: Expects monetary policy to normalize soon
Bank of England (BoE) policymaker Alan Taylor said in a summit at National University of Singapore that he expects interest rates to fall to their neutral levels soon.

10:03 AUD/USD Price Forecast: Hovers around 0.6700, nine-day EMA
The AUD/USD pair is recovering its recent losses registered in the previous session, trading around 0.6700 during the European hours on Wednesday. The daily chart’s technical analysis indicated a weakening bullish bias as the pair is positioned slightly below the ascending channel pattern.

09:37 EUR/JPY hits record highs above 185.50 due to Japan fiscal concerns
EUR/JPY extends its winning streak for the fourth successive session and reaches fresh all-time highs, trading around 185.40 during the early European hours on Wednesday.

09:22 Japan Chief Cabinet Secretary Kihara: Warns of intervention to support Yen
Japan Chief Cabinet Secretary Seiji Kihara said during European trading hours on Wednesday that the government could intervene due to one-way excessive moves against the Japanese Yen (JPY).

09:00 Sweden New Orders Manufacturing (YoY) climbed from previous 12.1% to 23% in November
Sweden New Orders Manufacturing (YoY) climbed from previous 12.1% to 23% in November

09:00 US Retail Sales to provide hints on Q4 GDP progress
The United States (US) Census Bureau will publish November Retail Sales on Wednesday. The delayed data is expected to show that sales rose a modest 0.4% in the month, following no change in October.

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50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}The United States Census Bureau will release Retail Sales data for November. US Retail Sales are expected to have increased by 0.4% in the month.The US Dollar is weak ahead of the announcement, affected by geopolitical turmoil.The United States (US) Census Bureau will publish November Retail Sales on Wednesday. The delayed data is expected to show that sales rose a modest 0.4% in the month, following no change in October. The report was delayed by the government shutdown, which diminishes its potential impact on the US Dollar (USD). The Retail Sales report is a key indicator of consumer spending and consumer demand, which are major drivers of the US economy.Retail Sales Control Group, a smoother reading that excludes automobiles, gasoline, building materials, and food services, surged 0.8% in October after an unrevised 0.1% dip in September. The figure is relevant as it corresponds most closely with the consumer spending component of Gross Domestic Product (GDP). The US economy kick-started the last quarter of 2025 on a strong footing, yet with mounting inflationary pressure that took its toll on consumption, particularly affecting lower and middle-income households. Market participants do not seem worried about the latest economic developments, as real GDP increased at an annual rate of 4.3% in the three months to September, reflecting “increases in consumer spending, exports, and government spending that were partly offset by a decrease in investment,” according to the Bureau of Economic Analysis (BEA) official report.But what will happen with the last quarter of 2025? Not only did the government shut down, dragging consumption lower, but also inflation remained stubbornly high. In the meantime, the Federal Reserve (Fed) delivered modest interest rate cuts and had to deal with US President Donald Trump's anger over the matter. What to expect from the November US Retail Sales report?As previously noted, sales are likely to show a modest 0.4% increase, while market players will be paying close attention to the core reading outcome after the 0.8% advance posted in the previous month.In the meantime, the US published the December Consumer Price Index (CPI) data. The annual inflation rate was reported at 2.7% by the CPI, while the monthly reading was 0.3%, matching expectations. The core annual CPI increased by 2.6% while the monthly advance was 0.2%, slightly below expectations but matching November’s readings. The USD came under modest selling pressure with the news, but given that the data was pretty much in line with expectations, the FX board showed no relevant reaction.With that in mind, deviations between the actual Retail Sales figure and expectations will be critical for the USD direction. A much weaker than anticipated report could put pressure on the Greenback, while much stronger-than-expected data should boost the American currency. Still, the reaction is likely to be limited to the near term, as investors maintain their eyes elsewhere: US President Trump has been quite busy at the start of 2026, generating geopolitical noise. Not only did Trump conduct a military operation in Venezuela and capture former President Nicolás Maduro and his wife, but he also escalated threats to annex Greenland, a Danish territory rich in rare earth elements. But it did not end there: early on Tuesday, Trump announced a 25% new tariff on those countries doing business with the Islamic Republic of Iran. When will US Retail Sales data be released, and how can it affect EUR/USD?The US December Retail Sales data is due at 13:30 GMT, and as previously stated, the market reaction will be directly linked to the degree of deviation from expectations on the headline and the result of the Retail Sales Control Group reading. Ahead of the announcement, the EUR/USD pair is trapped between 1.1600 and 1.1700, with the risk skewed to the downside yet without any directional momentum.Valeria Bednarik, FXStreet Chief Analyst, notes: “The EUR/USD pair consolidates around 1.1650 and is technically neutral. The bearish case could become stronger if the pair falls through 1.1590, a strong static support level. Bulls, on the contrary, will likely prefer to jump in once the 1.1740 resistance area is cleared. In between, choppy trading is likely to persist by the hands of sentiment. Economic Indicator Retail Sales (MoM) The Retail Sales data, released by the US Census Bureau on a monthly basis, measures the value in total receipts of retail and food stores in the United States. Monthly percent changes reflect the rate of changes in such sales. A stratified random sampling method is used to select approximately 4,800 retail and food services firms whose sales are then weighted and benchmarked to represent the complete universe of over three million retail and food services firms across the country. The data is adjusted for seasonal variations as well as holiday and trading-day differences, but not for price changes. Retail Sales data is widely followed as an indicator of consumer spending, which is a major driver of the US economy. Generally, a high reading is seen as bullish for the US Dollar (USD), while a low reading is seen as bearish. Read more. Next release: Wed Jan 14, 2026 13:30 Frequency: Monthly Consensus: 0.4% Previous: 0% Source: US Census Bureau Why it matters to traders? Retail Sales data published by the US Census Bureau is a leading indicator that gives important information about consumer spending, which has a significant impact on the GDP. Although strong sales figures are likely to boost the USD, external factors, such as weather conditions, could distort the data and paint a misleading picture. In addition to the headline data, changes in the Retail Sales Control Group could trigger a market reaction as it is used to prepare the estimates of Personal Consumption Expenditures for most goods. US Dollar FAQs What is the US Dollar? The US Dollar (USD) is the official currency of the United States of America, and the ‘de facto’ currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign exchange turnover, or an average of $6.6 trillion in transactions per day, according to data from 2022. Following the second world war, the USD took over from the British Pound as the world’s reserve currency. For most of its history, the US Dollar was backed by Gold, until the Bretton Woods Agreement in 1971 when the Gold Standard went away. How do the decisions of the Federal Reserve impact the US Dollar? The most important single factor impacting on the value of the US Dollar is monetary policy, which is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability (control inflation) and foster full employment. Its primary tool to achieve these two goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed’s 2% target, the Fed will raise rates, which helps the USD value. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates, which weighs on the Greenback. What is Quantitative Easing and how does it influence the US Dollar? In extreme situations, the Federal Reserve can also print more Dollars and enact quantitative easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system. It is a non-standard policy measure used when credit has dried up because banks will not lend to each other (out of the fear of counterparty default). It is a last resort when simply lowering interest rates is unlikely to achieve the necessary result. It was the Fed’s weapon of choice to combat the credit crunch that occurred during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy US government bonds predominantly from financial institutions. QE usually leads to a weaker US Dollar. What is Quantitative Tightening and how does it influence the US Dollar? Quantitative tightening (QT) is the reverse process whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing in new purchases. It is usually positive for the US Dollar.

08:53 BoJ’s Ueda says rate-hike path intact if economy, prices, wages develop in line
Bank of Japan (BoJ) Governor Kazuo Ueda said that he still intends to lift interest rates if economic and price development are in line with the forecast, wages and prices rise moderately, Bloomberg reported on Wednesday.

08:43 US Dollar Index steadies above 99.00 ahead of Retail Sales, PPI data
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is inching lower after registering modest gains in the previous session. The DXY hovers around 99.10 during the Asian hours on Wednesday.

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The DXY hovers around 99.10 during the Asian hours on Wednesday. Traders brace for the US Retail Sales and Producer Price Index (PPI) data later in the North American session.The Greenback may further appreciate as the US Consumer Price Index (CPI) broadly met expectations, reinforcing views that the Federal Reserve (Fed) will likely hold policy steady this month, even as underlying price pressures showed signs of easing.US Consumer Price Index rose by 0.3% month-over-month in December 2025, matching market expectations. The headline inflation remains at 2.7% increase year-over-year (YoY) as expected. Meanwhile, Core CPI, excluding food and energy, rose 0.2% in December, below market expectations, while annual core inflation held at 2.6%, matching a four-year low.The US CPI data provided a clearer sign of easing inflation after earlier releases were skewed by shutdown effects. However, last Friday’s strong Nonfarm Payrolls report, a dip in the Unemployment Rate, and a solid four-week average ADP Employment Change point to a resilient labor market.The upside impact of inflation data on the US Dollar could be offset by concerns over Fed independence. US federal prosecutors have threatened to indict Fed Chair Jerome Powell over his congressional comments on a building renovation project, raising questions about the central bank’s autonomy. The Trump administration has been pressuring the Fed to cut interest rates, with Powell describing the threat as a “pretext” to influence policy.Traders remain cautious amid escalating geopolitical tensions. Reuters, citing the US-based HRANA rights group, reported on Wednesday that the death toll from Iran’s protests has reached 2,571. US President Donald Trump has urged Iranians to continue protesting, pledging that help is on the way. US Dollar FAQs What is the US Dollar? The US Dollar (USD) is the official currency of the United States of America, and the ‘de facto’ currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign exchange turnover, or an average of $6.6 trillion in transactions per day, according to data from 2022. Following the second world war, the USD took over from the British Pound as the world’s reserve currency. For most of its history, the US Dollar was backed by Gold, until the Bretton Woods Agreement in 1971 when the Gold Standard went away. How do the decisions of the Federal Reserve impact the US Dollar? The most important single factor impacting on the value of the US Dollar is monetary policy, which is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability (control inflation) and foster full employment. Its primary tool to achieve these two goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed’s 2% target, the Fed will raise rates, which helps the USD value. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates, which weighs on the Greenback. What is Quantitative Easing and how does it influence the US Dollar? In extreme situations, the Federal Reserve can also print more Dollars and enact quantitative easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system. It is a non-standard policy measure used when credit has dried up because banks will not lend to each other (out of the fear of counterparty default). It is a last resort when simply lowering interest rates is unlikely to achieve the necessary result. It was the Fed’s weapon of choice to combat the credit crunch that occurred during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy US government bonds predominantly from financial institutions. QE usually leads to a weaker US Dollar. What is Quantitative Tightening and how does it influence the US Dollar? Quantitative tightening (QT) is the reverse process whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing in new purchases. It is usually positive for the US Dollar.

08:32 Forex Today: US Dollar regains ground, eyes on US Retail Sales, PPI data
Here is what you need to know on Wednesday, January 14:

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US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD -0.00% -0.04% 0.13% 0.03% -0.21% -0.07% 0.03% EUR 0.00% -0.04% 0.13% 0.04% -0.21% -0.08% 0.03% GBP 0.04% 0.04% 0.17% 0.07% -0.18% -0.04% 0.07% JPY -0.13% -0.13% -0.17% -0.09% -0.33% -0.21% -0.09% CAD -0.03% -0.04% -0.07% 0.09% -0.24% -0.12% -0.00% AUD 0.21% 0.21% 0.18% 0.33% 0.24% 0.13% 0.24% NZD 0.07% 0.08% 0.04% 0.21% 0.12% -0.13% 0.11% CHF -0.03% -0.03% -0.07% 0.09% 0.00% -0.24% -0.11% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote). Following the recent US CPI inflation data for December, Fed funds futures traders' pricing showed that an interest rate cut is not seen as likely until June.

Traders will keep an eye on the release of the US Retail Sales and Producer Price Index (PPI) reports later on Wednesday. The US Retail Sales are expected to see an increase of 0.4% MoM in November. Meanwhile, the headline and core PPI are estimated to see a rise of 2.7% YoY in November.

Unprecedented pressure from the White House to lower interest rates raises concerns over the Fed’s independence. Fed Chair Jerome Powell said on Sunday that the Fed has received subpoenas from the Justice Department over statements he made to Congress last summer on cost overruns for a $2.5 billion building renovation project at the central bank's headquarters in Washington. Powell called the threats a "pretext" for putting pressure on the US central bank to cut the interest rates.

Traders will closely monitor the latest geopolitical developments surrounding the Iranian civil unrest. US President Donald Trump canceled all meetings with Iranian officials and promised protesters that help is on the way. Trump has frequently threatened to intervene if the Iranian government kills protestors. Related news China’s Trade Balance: Surplus widens in December as Exports surge Silver Price Forecast: XAG/USD extends rally to near $90.00 amid geopolitical woes WTI declines below $61.00 as US stockpile builds, Venezuelan exports resume AUD/USD attracts some buyers near 0.6700 amid hawkish expectations surrounding the Reserve Bank of Australia’s (RBA) rate outlook. Additionally, China posted a trade surplus of $114.10B in December, defying the renewed tariff pressures from Trump. China’s Exports grew by 6.6% in value terms year-on-year in December, beating the market expectations of a 3% increase.

USD/JPY rises to the highest levels since July 2024, around 159.30, on reports that Japanese Prime Minister Sanae Takaichi may call a snap election on February 8 to consolidate her power. Bank of Japan (BoJ) Governor Ueda said on Wednesday that the central bank will continue to raise interest rates if economic and price development are in line with the forecast, and wages and prices rise moderately.

EUR/USD trades on a flat note below 1.1650 amid a data-empty European calendar, while GBP/USD holds steady around 1.3435. Traders brace for the UK Gross Domestic Product (GDP) report for November, which is due on Thursday. The Harmonized Index of Consumer Prices (HICP) from Germany will be published on Friday.

Gold holds positive ground near a record high above $4,625 as traders pile into safe-haven metals amid geopolitical and economic uncertainties. Silver rises more than 3.65% to set a new all-time high of $91.57 in Wednesday’s early European session.

WTI edges lower to $60.70 as Venezuela resumes exports and the American Petroleum Institute (API) shows a big build in US crude inventories. Heightened concerns surrounding Iran and potential supply disruptions will be closely watched. Risk sentiment FAQs What do the terms"risk-on" and "risk-off" mean when referring to sentiment in financial markets? In the world of financial jargon the two widely used terms “risk-on” and “risk off'' refer to the level of risk that investors are willing to stomach during the period referenced. In a “risk-on” market, investors are optimistic about the future and more willing to buy risky assets. In a “risk-off” market investors start to ‘play it safe’ because they are worried about the future, and therefore buy less risky assets that are more certain of bringing a return, even if it is relatively modest. What are the key assets to track to understand risk sentiment dynamics? Typically, during periods of “risk-on”, stock markets will rise, most commodities – except Gold – will also gain in value, since they benefit from a positive growth outlook. The currencies of nations that are heavy commodity exporters strengthen because of increased demand, and Cryptocurrencies rise. In a “risk-off” market, Bonds go up – especially major government Bonds – Gold shines, and safe-haven currencies such as the Japanese Yen, Swiss Franc and US Dollar all benefit. Which currencies strengthen when sentiment is "risk-on"? The Australian Dollar (AUD), the Canadian Dollar (CAD), the New Zealand Dollar (NZD) and minor FX like the Ruble (RUB) and the South African Rand (ZAR), all tend to rise in markets that are “risk-on”. This is because the economies of these currencies are heavily reliant on commodity exports for growth, and commodities tend to rise in price during risk-on periods. This is because investors foresee greater demand for raw materials in the future due to heightened economic activity. Which currencies strengthen when sentiment is "risk-off"? The major currencies that tend to rise during periods of “risk-off” are the US Dollar (USD), the Japanese Yen (JPY) and the Swiss Franc (CHF). The US Dollar, because it is the world’s reserve currency, and because in times of crisis investors buy US government debt, which is seen as safe because the largest economy in the world is unlikely to default. The Yen, from increased demand for Japanese government bonds, because a high proportion are held by domestic investors who are unlikely to dump them – even in a crisis. The Swiss Franc, because strict Swiss banking laws offer investors enhanced capital protection.

08:31 India WPI Inflation came in at 0.83%, above expectations (0.3%) in December
India WPI Inflation came in at 0.83%, above expectations (0.3%) in December

08:06 USD/JPY Price Forecast: Approaches 160.00 on Yen’s continued underperformance
The USD/JPY pair posts a fresh one-and-a-half-year high near 159.45 during the early European trading session on Wednesday. The pair strengthens as the Japanese Yen (JPY) continues to underperform across the board amid political uncertainty in Japan.

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p{font-size:14.72px;line-height:20px}.fxs-event-module-read-more{font-size:14.72px;line-height:20px}.fxs-event-module-calendar-title{font-size:22.4px;line-height:25.6px}.fxs-event-module-title{font-size:19.2px;line-height:27.2px}.fxs-event-module-header{font-size:19.2px;line-height:25.92px}.fxs-event-module-content{font-size:16px;line-height:21.6px}}USD/JPY refreshes a one-and-a-half-year high near 159.45 amid weakness in the Japanese Yen.Japan PM Takaichi could unveil her intentions to dissolve parliament’s lower house on Wednesday.The US Dollar gains after the release of steady US inflation data for December.The USD/JPY pair posts a fresh one-and-a-half-year high near 159.45 during the early European trading session on Wednesday. The pair strengthens as the Japanese Yen (JPY) continues to underperform across the board amid political uncertainty in Japan. Japanese Yen Price This week The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies this week. Japanese Yen was the weakest against the British Pound. USD EUR GBP JPY CAD AUD NZD CHF USD -0.08% -0.28% 0.73% -0.21% -0.20% -0.21% 0.08% EUR 0.08% -0.20% 0.87% -0.12% -0.11% -0.12% 0.16% GBP 0.28% 0.20% 1.07% 0.08% 0.09% 0.07% 0.36% JPY -0.73% -0.87% -1.07% -0.97% -0.96% -0.97% -0.68% CAD 0.21% 0.12% -0.08% 0.97% -0.01% -0.00% 0.29% AUD 0.20% 0.11% -0.09% 0.96% 0.00% -0.01% 0.27% NZD 0.21% 0.12% -0.07% 0.97% 0.00% 0.01% 0.27% CHF -0.08% -0.16% -0.36% 0.68% -0.29% -0.27% -0.27% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote). Concerns over Japan’s political outlook stemmed after reports stating that Prime Minister Sanae Takaichi could call an early snap election. According to Japan’s regional news outlet Nikkei, Takaichi is to inform her intent to dissolve parliament on Wednesday, a precursor to the onset of new elections.Additionally, hopes of a looser monetary and fiscal policy this year are constantly keeping the Japanese Yen on the back foot.Meanwhile, strength in the US Dollar (USD) is also acting as a tailwind for the pair. The US Dollar Index (DXY) trades close to its monthly high near 99.25 as speculation for the Federal Reserve (Fed) holding interest rates steady remains intact, following the release of the United States (US) inflation data for December. The data showed that the US headline and core Consumer Price Index (CPI) rose steadily at an annualized pace of 2.7% and 2.6%, respectively.USD/JPY technical analysisUSD/JPY trades higher to near 159.33 at the time of writing. Price holds well above a rising 20-week Exponential Moving Average (EMA) at 154.19, underscoring a strong bullish trend. The 14-week Relative Strength Index (RSI) at 70.85 (overbought) flags stretched momentum and heightens the risk of a pause.With momentum stretched, further gains could slow, and consolidation could emerge. A dip would be expected to find support at 154.19, the 20-week EMA, while trend bias remains positive above that gauge. (The technical analysis of this story was written with the help of an AI tool.) Economic Indicator Consumer Price Index (YoY) Inflationary or deflationary tendencies are measured by periodically summing the prices of a basket of representative goods and services and presenting the data as The Consumer Price Index (CPI). CPI data is compiled on a monthly basis and released by the US Department of Labor Statistics. The YoY reading compares the prices of goods in the reference month to the same month a year earlier.The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally speaking, a high reading is seen as bullish for the US Dollar (USD), while a low reading is seen as bearish. Read more. Last release: Tue Jan 13, 2026 13:30 Frequency: Monthly Actual: 2.7% Consensus: 2.7% Previous: 2.7% Source: US Bureau of Labor Statistics Why it matters to traders? The US Federal Reserve (Fed) has a dual mandate of maintaining price stability and maximum employment. According to such mandate, inflation should be at around 2% YoY and has become the weakest pillar of the central bank’s directive ever since the world suffered a pandemic, which extends to these days. Price pressures keep rising amid supply-chain issues and bottlenecks, with the Consumer Price Index (CPI) hanging at multi-decade highs. The Fed has already taken measures to tame inflation and is expected to maintain an aggressive stance in the foreseeable future.

08:00 USD/INR falls on positive outcome from US-India trade talks
The Indian Rupee (INR) trades higher against the US Dollar in the opening session on Wednesday. The USD/INR pair drops to near 90.30 as the Indian Rupee gains on the outcome of trade talks between the United States (US) and India on Tuesday.

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The USD/INR pair drops to near 90.30 as the Indian Rupee gains on the outcome of trade talks between the United States (US) and India on Tuesday.India’s External Affairs Minister Subrahmanyam Jaishankar stated in a post on X, formerly known as Twitter, that trade discussions with US Secretary of State Marco Rubio were good and will continue discussing issues. ”Just concluded a good conversation with @SecRubio. Discussed trade, critical minerals, nuclear cooperation, defence, and energy. Agreed to remain in touch on these and other issues,” Jaishankar posted.In response, US Ambassador to India, Sergio Gor, stated in a post on X that it was a “positive call” and the next meeting is very likely to be in February.Easing trade frictions between the US and India is favorable for the Indian Rupee, which turned out to be Asia’s worst-performing currency in 2025 due to the steepest tariffs by Washington on imports from New Delhi. The US raised tariffs on India to 50%, added 25% punitive tariffs for buying oil from Russia.Meanwhile, foreign investors continue to dump their stake in the Indian stock market amid a trade stalemate between the US and India. So far in January, Foreign Institutional Investors (FIIs) have remained net sellers in eight out of nine trading days, and have offloaded their stake worth Rs. 16,925.03 crore.In Wednesday’s session, investors will focus on the WPI Inflation data for December, which will be published at 12:00 PM IST (06:30 GMT). Inflation at the wholesale level is expected to have grown by 0.3% after declining at a similar pace in November.Daily digest market movers: US Dollar gains on steady inflation dataThe Indian Rupee rises against the US Dollar, even as the latter trades firmly against its other peers, following the release of the US Consumer Price Index (CPI) data for December. During the press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, holds onto gains near a monthly high around 99.25.On Tuesday, US Bureau of Labor Statistics (BLS) showed that inflationary pressures remained steady, keeping hopes for the Federal Reserve (Fed) to maintain interest rates at their current levels intact. On an annualized basis, the US headline and core CPI came in at 2.7% and 2.6%, respectively.Richmond Federal Reserve President Tom Barkin called December’s inflation data "encouraging," adding that he expects price pressures to remain at modest levels in the next couple of months, Reuters reported.US President Donald Trump welcomed steady inflation figures and extended its force on Fed Chair Jerome Powell to reduce interest rates further. We have very low inflation. That would give ’too late Powell’ the chance to give us a nice beautiful big rate cut," Trump told reporters at Detroit, Reuters reported.Meanwhile, Fed’s Powell is facing criminal charges for cost overruns in the renovation of the Fed's Washington headquarters, which he called a “pretext” for not taking monetary decisions as per the president’s preferences. The event has raised concerns over the Fed’s independence.In response, chiefs from global central banks have shown support for Fed’s Powell, citing that “independence of central banks is a cornerstone of price, financial and economic stability in the interest of the citizens that we serve.”In Wednesday’s session, investors will focus on the US Producer Price Index (PPI) data for October and November, and Retail Sales data for November, which will be published at 13:30 GMT.Technical Analysis: USD/INR wobbles near 20-day EMAUSD/INR trades lower near 90.3810 as of writing. Price holds above the 20-day Exponential Moving Average (EMA) at 90.29, sustaining a short-term upward bias. The 20-day EMA is edging higher, supporting the path of least resistance to the upside. The 14-day Relative Strength Index (RSI) at 53 (neutral) has eased from prior readings, confirming moderated momentum.As long as the pair holds above the rising 20-day EMA, the bias stays positive and dips remain supported, while a daily close below that gauge could open room for a deeper retracement. RSI hovering near the midline suggests balanced conditions; a further fade in momentum would favor consolidation, whereas a pickup could underpin an extension of the advance.(The technical analysis of this story was written with the help of an AI tool.) Indian Rupee FAQs What are the key factors driving the Indian Rupee? The Indian Rupee (INR) is one of the most sensitive currencies to external factors. The price of Crude Oil (the country is highly dependent on imported Oil), the value of the US Dollar – most trade is conducted in USD – and the level of foreign investment, are all influential. Direct intervention by the Reserve Bank of India (RBI) in FX markets to keep the exchange rate stable, as well as the level of interest rates set by the RBI, are further major influencing factors on the Rupee. How do the decisions of the Reserve Bank of India impact the Indian Rupee? The Reserve Bank of India (RBI) actively intervenes in forex markets to maintain a stable exchange rate, to help facilitate trade. In addition, the RBI tries to maintain the inflation rate at its 4% target by adjusting interest rates. Higher interest rates usually strengthen the Rupee. This is due to the role of the ‘carry trade’ in which investors borrow in countries with lower interest rates so as to place their money in countries’ offering relatively higher interest rates and profit from the difference. What macroeconomic factors influence the value of the Indian Rupee? Macroeconomic factors that influence the value of the Rupee include inflation, interest rates, the economic growth rate (GDP), the balance of trade, and inflows from foreign investment. A higher growth rate can lead to more overseas investment, pushing up demand for the Rupee. A less negative balance of trade will eventually lead to a stronger Rupee. Higher interest rates, especially real rates (interest rates less inflation) are also positive for the Rupee. A risk-on environment can lead to greater inflows of Foreign Direct and Indirect Investment (FDI and FII), which also benefit the Rupee. How does inflation impact the Indian Rupee? Higher inflation, particularly, if it is comparatively higher than India’s peers, is generally negative for the currency as it reflects devaluation through oversupply. Inflation also increases the cost of exports, leading to more Rupees being sold to purchase foreign imports, which is Rupee-negative. At the same time, higher inflation usually leads to the Reserve Bank of India (RBI) raising interest rates and this can be positive for the Rupee, due to increased demand from international investors. The opposite effect is true of lower inflation.

07:17 USD/CHF posts mild gains above 0.8000 as US CPI inflation data in line
The USD/CHF pair posts modest gains around 0.8010 during the early European session on Wednesday. The Greenback strengthens against the Swiss Franc (CHF) after US inflation data that was broadly in line with estimates.

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US CPI inflation report supports the case that the Fed will hold rates steady later this month.Concerns over the Fed’s independence and geopolitical tensions could boost the safe-haven flows, supporting the Swiss Franc.The USD/CHF pair posts modest gains around 0.8010 during the early European session on Wednesday. The Greenback strengthens against the Swiss Franc (CHF) after US inflation data that was broadly in line with estimates. The release of the US Retail Sales and Producer Price Index (PPI) reports will be in the spotlight later on Wednesday.Data released by the US Bureau of Labor Statistics (BLS) on Tuesday showed that the US Consumer Price Index (CPI) rose 2.7% YoY in December. This figure followed 2.7% in November and matched the forecast. Meanwhile, core CPI, which excludes the so-called more volatile food and energy components, increased by 2.6% in December, versus a 2.7% prior rise. On a monthly basis, the headline and core CPI rose by 0.3% and 0.2%, respectively.The US CPI inflation reports firm ‌expectations that the US Federal Reserve (Fed) will remain on hold later this month despite unprecedented pressure from the White House to lower interest rates. This, in turn, lifts the US Dollar (USD) against the CHF. Fed funds futures traders' pricing showed that an interest rate cut is not seen as likely until June. On the other hand, Fed uncertainty and geopolitical risks could boost traditional safe-haven currencies such as the CHF. US President Donald Trump on Sunday threatened Fed Chair Jerome Powell with a criminal indictment. Elsewhere, the Iranian government has cracked down on large-scale demonstrations, with hundreds of people reportedly dead. Trump has repeatedly threatened to intervene if the Islamic Republic kills protesters. Swiss Franc FAQs What key factors drive the Swiss Franc? The Swiss Franc (CHF) is Switzerland’s official currency. It is among the top ten most traded currencies globally, reaching volumes that well exceed the size of the Swiss economy. Its value is determined by the broad market sentiment, the country’s economic health or action taken by the Swiss National Bank (SNB), among other factors. Between 2011 and 2015, the Swiss Franc was pegged to the Euro (EUR). The peg was abruptly removed, resulting in a more than 20% increase in the Franc’s value, causing a turmoil in markets. Even though the peg isn’t in force anymore, CHF fortunes tend to be highly correlated with the Euro ones due to the high dependency of the Swiss economy on the neighboring Eurozone. Why is the Swiss Franc considered a safe-haven currency? The Swiss Franc (CHF) is considered a safe-haven asset, or a currency that investors tend to buy in times of market stress. This is due to the perceived status of Switzerland in the world: a stable economy, a strong export sector, big central bank reserves or a longstanding political stance towards neutrality in global conflicts make the country’s currency a good choice for investors fleeing from risks. Turbulent times are likely to strengthen CHF value against other currencies that are seen as more risky to invest in. How do decisions of the Swiss National Bank impact the Swiss Franc? The Swiss National Bank (SNB) meets four times a year – once every quarter, less than other major central banks – to decide on monetary policy. The bank aims for an annual inflation rate of less than 2%. When inflation is above target or forecasted to be above target in the foreseeable future, the bank will attempt to tame price growth by raising its policy rate. Higher interest rates are generally positive for the Swiss Franc (CHF) as they lead to higher yields, making the country a more attractive place for investors. On the contrary, lower interest rates tend to weaken CHF. How does economic data influence the value of the Swiss Franc? Macroeconomic data releases in Switzerland are key to assessing the state of the economy and can impact the Swiss Franc’s (CHF) valuation. The Swiss economy is broadly stable, but any sudden change in economic growth, inflation, current account or the central bank’s currency reserves have the potential to trigger moves in CHF. Generally, high economic growth, low unemployment and high confidence are good for CHF. Conversely, if economic data points to weakening momentum, CHF is likely to depreciate. How does the Eurozone monetary policy affect the Swiss Franc? As a small and open economy, Switzerland is heavily dependent on the health of the neighboring Eurozone economies. The broader European Union is Switzerland’s main economic partner and a key political ally, so macroeconomic and monetary policy stability in the Eurozone is essential for Switzerland and, thus, for the Swiss Franc (CHF). With such dependency, some models suggest that the correlation between the fortunes of the Euro (EUR) and the CHF is more than 90%, or close to perfect.

06:54 EUR/USD Price Forecast: Hovers around 1.1650 as RSI signals fading momentum
EUR/USD moves little after registering modest losses in the previous session, trading around 1.1650 during the Asian hours on Wednesday. The 14-day Relative Strength Index (RSI) momentum indicator, currently at 40 (below the 50 midline), signals weak momentum without indicating oversold conditions.

06:38 India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Wednesday, according to data compiled by FXStreet.

06:32 Gold rises above $4,600 as Fed rate cut bets, safe-haven demand grow
Gold (XAU/USD) rebounds toward the record high of $4,634.64 reached in the previous session, trading around $4,620.00 per troy ounce on Wednesday.

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Precious metals, including Gold, attract buyers amid growing bets on Federal Reserve (Fed) rate cuts following the softer inflation in the United States (US).US inflation data for December signaled easing underlying US inflation, strengthening views that price pressures are gradually cooling. Rate futures showed investors divided between expectations of two or three Fed rate cuts this year, well above policymakers’ median projection of one.Gold prices found support as safe-haven demand strengthened amid renewed concerns over the Fed’s independence after US prosecutors opened a criminal probe linked to Chair Powell’s June testimony. Geopolitical risks also remained elevated, with markets closely watching the possibility of US involvement in Iran’s political unrest following repeated warnings of potential military action.Daily Digest Market Movers: Gold remains stronger as US Dollar weakensThe US Dollar Index (DXY), which measures the value of the US Dollar against six major currencies, is edging lower after registering modest gains in the previous session. The DXY is trading around 99.10 at the time of writing, supporting dollar-denominated Gold by boosting demand from foreign-currency buyers.US Core Consumer Price Index (CPI), excluding food and energy, rose 0.2% in December, below market expectations, while annual core inflation held at 2.6%, matching a four-year low. The data provided a clearer sign of easing inflation after earlier releases were skewed by shutdown effects. Meanwhile, CPI increased by 0.3% month-over-month in December 2025, matching market expectations and repeating the rise seen in September. The annual inflation remains at 2.7% increase as expected.President Trump said on Monday that he would impose 25% tariffs on goods from any country doing business with Iran, stepping up pressure on Tehran amid widespread domestic protests. He added that the measure would take effect immediately, without providing further details. Trump warned on Sunday that action may be required before any meeting, even as he said Iran’s leadership had reached out seeking “to negotiate” after his military threats.US federal prosecutors threatened to indict Fed Chair Jerome Powell over his comments to Congress regarding a building renovation project, raising questions about the central bank’s independence. The Trump administration has been pressuring the Fed to cut interest rates, with Powell calling the threat a “pretext” to influence policy.US Nonfarm Payrolls (NFP) rose by 50,000 in December, falling short of November's 56,000 (revised from 64,000) and came in weaker than the market expectation of 60,000. However, the Unemployment Rate ticked lower to 4.4% in December from 4.6% in November, while the Average Hourly Earnings climbed to 3.8% YoY in December from 3.6% in the previous reading.Richmond Fed President Tom Barkin said the decline in the unemployment rate was welcome and described job growth as modest but stable. Barkin added that it is difficult to find firms outside healthcare or AI that are hiring and said it remains unclear whether the labor market will tilt toward more hiring or more firing.Gold technical setup warns potential bearish reversal as ascending wedge emergesGold (XAU/USD) is trading around $4,620 on Wednesday. The technical analysis of the daily chart suggests the XAU/USD pair remains within an emerging ascending wedge pattern, signaling weakening upside momentum and warning of a potential bearish reversal if the price breaks below the lower trendline with strong volume.The nine-day Exponential Moving Average (EMA) stands above the 50-day EMA, confirming a well-defined bullish bias. Gold price holds above the faster average, and the 50-day slope continues to advance, underscoring medium-term upside pressure. The 14-day Relative Strength Index (RSI) at 71.39 is overbought, flagging stretched momentum even as the trend stays intact.The immediate resistance appears at the record high of $4,634.64, reached on December 13, aligned with the upper boundary of the ascending wedge. A break above this confluence resistance zone would lead the XAU/USD pair to target $4,650 level. On the downside, the initial support lies at the nine-day EMA of $4,520.01, followed by the lower ascending wedge boundary around $4,470.00.XAU/USD: Daily Chart Gold FAQs Why do people invest in Gold? Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government. Who buys the most Gold? Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves. How is Gold correlated with other assets? Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal. What does the price of Gold depend on? The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up. (The technical analysis of this story was written with the help of an AI tool.)

05:40 Silver Price Forecast: XAG/USD extends rally to near $90.00 amid geopolitical woes
Silver price (XAG/USD) extends its winning streak for the fourth trading day on Wednesday. The white metal rallies further to near $90.00 during the Asian trading session as demand for safe-haven assets remains firm amid geopolitical tensions.

.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}Silver price posts a fresh all-time high near $90.00 as the US threatens military action in Iran.Chiefs from global central banks have criticized Washington’s attack Fed’s independence.The US Dollar recovered strongly after the chiefs of global central banks supported Fed’s Powell.Silver price (XAG/USD) extends its winning streak for the fourth trading day on Wednesday. The white metal rallies further to near $90.00 during the Asian trading session as demand for safe-haven assets remains firm amid geopolitical tensions.Civil unrest in Iran as the general public demands political change due to surging inflation, falling Rial against the US Dollar (USD), and the government’s corruption has resulted in the killing of hundreds of protesters.In response, United States (US) President Donald Trump has warned the military action in Tehran if the government continues killing protesters.Meanwhile, higher concerns over Federal Reserve’s (Fed) independence, following criminal charges on Chairman Jerome Powell over mismanaging funds allocated for the renovation of Washington’s headquarters, which he called as “pretext”, a consequence of Fed setting interest rates based on its assessment of the public interest rather than the president's preferences”, have kept safe-haven assets on the front foot.The event led to a sharp decline in the US Dollar, as market experts warned that an attack on the Fed’s autonomous status could weigh on US sovereign rating. However, the US Dollar has rebounded quickly after chiefs from global central banks have supported Fed’s Powell over his feud with President Trump.“We stand in full solidarity with the Fed System and its Chair Jerome H. Powell,” heads of the European Central Bank (ECB), Bank of England (BoE), and nine other institutions said collectively on Tuesday.Silver technical analysisXAG/USD trades higher near $90.00 as of writing. The advance remains firm, with buyers maintaining control as momentum stretches into overbought territory. The 14-day Relative Strength Index (RSI) at 74.77 (overbought) and rising from 72.52 confirms strengthening bullish pressure. While the bias points higher, stretched conditions could cap follow-through and prompt consolidation.A moderation in momentum with RSI easing toward 70 would help reset the move and support a steadier grind. Conversely, a renewed acceleration in RSI toward the prior extreme near 85.90 would leave the rally vulnerable to a sharper pullback as momentum fatigue builds.(The technical analysis of this story was written with the help of an AI tool.) Silver FAQs Why do people invest in Silver? Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets. Which factors influence Silver prices? Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices. How does industrial demand affect Silver prices? Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices. How do Silver prices react to Gold’s moves? Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.

05:19 WTI declines below $61.00 as US stockpile builds, Venezuelan exports resume
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.70 during the Asian trading hours on Wednesday. The WTI price declines as Venezuela resumes exports and the American Petroleum Institute (API) shows a big build in US crude inventories.

04:55 USD/CAD remains stronger near 1.3900 due to cautious Fed outlook
USD/CAD remains stronger for the second successive session, trading around 1.3900 during the Asian hours on Wednesday.

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The pair advances as the US Dollar strengthens after US Consumer Price Index (CPI) broadly met expectations, reinforcing views that the Federal Reserve (Fed) will likely hold policy steady this month, even as underlying price pressures showed signs of easing.US Consumer Price Index increased by 0.3% month-over-month in December 2025, matching market expectations and repeating the rise seen in September. The annual inflation remains at 2.7% increase as expected. Meanwhile, Core CPI, excluding food and energy, rose 0.2% in December, below market expectations, while annual core inflation held at 2.6%, matching a four-year low.The data provided a clearer sign of easing inflation after earlier releases were skewed by shutdown effects. However, last Friday’s strong Nonfarm Payrolls report, a dip in the Unemployment Rate, and a solid four-week average ADP Employment Change point to a resilient labor market.The upside of the USD/CAD pair could be restrained as the commodity-linked Canadian Dollar (CAD) may receive support from higher Oil prices. West Texas Intermediate (WTI) Oil price hovers near two-month highs, trading around $60.70 per barrel at the time of writing.Crude Oil prices advanced after US President Donald Trump halted talks with Iranian officials until protests ease, while voicing support for demonstrators. Ongoing unrest in Iran, coupled with the risk of US involvement, threatens the country’s roughly 3.3 million bpd oil output. Trump also warned that nations continuing business with Iran would face a new 25% tariff, intensifying concerns over potential supply disruptions. Canadian Dollar FAQs What key factors drive the Canadian Dollar? The key factors driving the Canadian Dollar (CAD) are the level of interest rates set by the Bank of Canada (BoC), the price of Oil, Canada’s largest export, the health of its economy, inflation and the Trade Balance, which is the difference between the value of Canada’s exports versus its imports. Other factors include market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – with risk-on being CAD-positive. As its largest trading partner, the health of the US economy is also a key factor influencing the Canadian Dollar. How do the decisions of the Bank of Canada impact the Canadian Dollar? The Bank of Canada (BoC) has a significant influence on the Canadian Dollar by setting the level of interest rates that banks can lend to one another. This influences the level of interest rates for everyone. The main goal of the BoC is to maintain inflation at 1-3% by adjusting interest rates up or down. Relatively higher interest rates tend to be positive for the CAD. The Bank of Canada can also use quantitative easing and tightening to influence credit conditions, with the former CAD-negative and the latter CAD-positive. How does the price of Oil impact the Canadian Dollar? The price of Oil is a key factor impacting the value of the Canadian Dollar. Petroleum is Canada’s biggest export, so Oil price tends to have an immediate impact on the CAD value. Generally, if Oil price rises CAD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Oil falls. Higher Oil prices also tend to result in a greater likelihood of a positive Trade Balance, which is also supportive of the CAD. How does inflation data impact the value of the Canadian Dollar? While inflation had always traditionally been thought of as a negative factor for a currency since it lowers the value of money, the opposite has actually been the case in modern times with the relaxation of cross-border capital controls. Higher inflation tends to lead central banks to put up interest rates which attracts more capital inflows from global investors seeking a lucrative place to keep their money. This increases demand for the local currency, which in Canada’s case is the Canadian Dollar. How does economic data influence the value of the Canadian Dollar? Macroeconomic data releases gauge the health of the economy and can have an impact on the Canadian Dollar. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the CAD. A strong economy is good for the Canadian Dollar. Not only does it attract more foreign investment but it may encourage the Bank of Canada to put up interest rates, leading to a stronger currency. If economic data is weak, however, the CAD is likely to fall.

04:55 China Trade Balance USD above expectations ($113.6B) in December: Actual ($114.1B)
China Trade Balance USD above expectations ($113.6B) in December: Actual ($114.1B)

04:55 China Exports (YoY) CNY dipped from previous 5.7% to 5.2% in December
China Exports (YoY) CNY dipped from previous 5.7% to 5.2% in December

04:54 China Imports (YoY) above forecasts (0.9%) in December: Actual (5.7%)
China Imports (YoY) above forecasts (0.9%) in December: Actual (5.7%)

04:54 China Trade Balance CNY rose from previous 792.57B to 808.8B in December
China Trade Balance CNY rose from previous 792.57B to 808.8B in December

04:54 China Exports (YoY) registered at 6.6% above expectations (3%) in December
China Exports (YoY) registered at 6.6% above expectations (3%) in December

04:19 AUD/USD steadies below 0.6700 ahead of China’s Trade Balance
AUD/USD holds ground after registering modest losses in the previous session, trading around 0.6680 during the Asian hours on Wednesday.

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The pair may further weaken as the US Dollar (USD) advances despite the softer inflation in the United States (US), hinting that the Federal Reserve (Fed) could indeed reduce interest rates as priced in by the financial markets.US Core Consumer Price Index (CPI), excluding food and energy, rose 0.2% in December, below market expectations, while annual core inflation held at 2.6%, matching a four-year low. The data provided a clearer sign of easing inflation after earlier releases were skewed by shutdown effects. However, last Friday’s strong Nonfarm Payrolls report, a dip in the Unemployment Rate, and a solid four-week average ADP Employment Change point to a resilient labor market.However, the AUD/USD pair could gain ground as the Australian Dollar (AUD) may find support from rising expectations of further rate hikes by the Reserve Bank of Australia (RBA), following a solid rebound in Australia’s Building Permits data.Seasonally adjusted approvals for total dwellings in Australia surged 15.2% month-on-month to a near four-year high of 18,406 units in November 2025, in line with the preliminary estimate. This marked a sharp reversal from the 6.1% decline in the previous month and represented the strongest monthly increase since May 2023.Persistent strength in housing demand may raise concerns at the RBA, as it could slow progress toward easing inflationary pressures and reinforce expectations of a more restrictive policy stance. This is despite a moderation in November inflation, which remains above the central bank’s target.Traders will likely observe the Trade Balance data for December later in the day from China, Australia’s close trading partner. Trade balance is expected to widen to $113.60B in December, compared to $111.68B in the previous reading. Exports are expected to rise by 3.0% YoY in December, while Imports are projected to increase by 0.9% YoY during the same period. Australian Dollar FAQs What key factors drive the Australian Dollar? One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – is also a factor, with risk-on positive for AUD. How do the decisions of the Reserve Bank of Australia impact the Australian Dollar? The Reserve Bank of Australia (RBA) influences the Australian Dollar (AUD) by setting the level of interest rates that Australian banks can lend to each other. This influences the level of interest rates in the economy as a whole. The main goal of the RBA is to maintain a stable inflation rate of 2-3% by adjusting interest rates up or down. Relatively high interest rates compared to other major central banks support the AUD, and the opposite for relatively low. The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive. How does the health of the Chinese Economy impact the Australian Dollar? China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar (AUD). When the Chinese economy is doing well it purchases more raw materials, goods and services from Australia, lifting demand for the AUD, and pushing up its value. The opposite is the case when the Chinese economy is not growing as fast as expected. Positive or negative surprises in Chinese growth data, therefore, often have a direct impact on the Australian Dollar and its pairs. How does the price of Iron Ore impact the Australian Dollar? Iron Ore is Australia’s largest export, accounting for $118 billion a year according to data from 2021, with China as its primary destination. The price of Iron Ore, therefore, can be a driver of the Australian Dollar. Generally, if the price of Iron Ore rises, AUD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Iron Ore falls. Higher Iron Ore prices also tend to result in a greater likelihood of a positive Trade Balance for Australia, which is also positive of the AUD. How does the Trade Balance impact the Australian Dollar? The Trade Balance, which is the difference between what a country earns from its exports versus what it pays for its imports, is another factor that can influence the value of the Australian Dollar. If Australia produces highly sought after exports, then its currency will gain in value purely from the surplus demand created from foreign buyers seeking to purchase its exports versus what it spends to purchase imports. Therefore, a positive net Trade Balance strengthens the AUD, with the opposite effect if the Trade Balance is negative.

04:07 GBP/USD declines below 1.3450 ahead of US Retail Sales, PPI releases
The GBP/USD pair trades in negative territory around 1.3425 during the Asian trading hours on Wednesday, pressured by renewed US Dollar (USD) demand. Traders brace for the US Retail Sales and Producer Price Index (PPI) data later on Wednesday.

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The US CPI rose 2.7% YoY last month, the Labor Department's Bureau of Labor Statistics said.A dovish BoE tone could weigh on the Pound Sterling. The GBP/USD pair trades in negative territory around 1.3425 during the Asian trading hours on Wednesday, pressured by renewed US Dollar (USD) demand. Traders brace for the US Retail Sales and Producer Price Index (PPI) data later on Wednesday.The US Consumer Price Index (CPI) rose by 2.7% YoY in December, matching November’s increase, according to the US Bureau of Labor Statistics (BLS) reported on Tuesday. This figure aligned with the market consensus. Meanwhile, the core CPI, excluding fluctuating food and energy costs, increased by 2.6% YoY in December, versus November’s 2.7% rise. This reading came in softer than the 2.7% expected. “The initial excitement sparked by a cooler-than-anticipated core CPI was short-lived,” said Jose Torres at Interactive Brokers. “The reversal was influenced, in part, by the report’s failure to pull forward the next expected rate reduction from June to April, as fixed-income watchers project Powell’s December cut will be his last at the helm.”Renewed concerns over the Federal Reserve (Fed) independence could drag the Greenback lower. Fed Chair Jerome Powell said on Sunday that the Fed has received subpoenas from the Justice Department over statements he made to Congress last summer on cost overruns for a $2.5 billion building renovation project at the central bank's headquarters in Washington. Powell termed the threats a "pretext" for putting pressure on the Fed to lower interest rates.However, a dovish stance from the BoE could undermine the Pound Sterling (GBP) against the USD. The Bank of England (BoE) cut its interest rate to 3.75% in the December policy meeting and is expected to implement further reduction in 2026 as inflation eases, though officials note future decisions will be "closer calls.” Many analysts believe the UK central bank will hold rates steady in February, with the next 0.25% cut most likely to occur in March or April this year. Pound Sterling FAQs What is the Pound Sterling? The Pound Sterling (GBP) is the oldest currency in the world (886 AD) and the official currency of the United Kingdom. It is the fourth most traded unit for foreign exchange (FX) in the world, accounting for 12% of all transactions, averaging $630 billion a day, according to 2022 data. Its key trading pairs are GBP/USD, also known as ‘Cable’, which accounts for 11% of FX, GBP/JPY, or the ‘Dragon’ as it is known by traders (3%), and EUR/GBP (2%). The Pound Sterling is issued by the Bank of England (BoE). How do the decisions of the Bank of England impact on the Pound Sterling? The single most important factor influencing the value of the Pound Sterling is monetary policy decided by the Bank of England. The BoE bases its decisions on whether it has achieved its primary goal of “price stability” – a steady inflation rate of around 2%. Its primary tool for achieving this is the adjustment of interest rates. When inflation is too high, the BoE will try to rein it in by raising interest rates, making it more expensive for people and businesses to access credit. This is generally positive for GBP, as higher interest rates make the UK a more attractive place for global investors to park their money. When inflation falls too low it is a sign economic growth is slowing. In this scenario, the BoE will consider lowering interest rates to cheapen credit so businesses will borrow more to invest in growth-generating projects. How does economic data influence the value of the Pound? Data releases gauge the health of the economy and can impact the value of the Pound Sterling. Indicators such as GDP, Manufacturing and Services PMIs, and employment can all influence the direction of the GBP. A strong economy is good for Sterling. Not only does it attract more foreign investment but it may encourage the BoE to put up interest rates, which will directly strengthen GBP. Otherwise, if economic data is weak, the Pound Sterling is likely to fall. How does the Trade Balance impact the Pound? Another significant data release for the Pound Sterling is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought-after exports, its currency will benefit purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

03:48 NZD/USD holds losses below 0.5750 ahead of China trade data
NZD/USD extends its losses for the second successive day, trading around 0.5730 during the Asian hours on Wednesday.

.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}NZD/USD falls despite New Zealand’s November building permits rising 2.8% MoM, reversing October’s decline.China’s Trade Surplus is seen widening to $113.6B, with exports up 3.0% YoY and imports rising 0.9%.Softer US inflation suggests the Federal Reserve may cut interest rates as currently priced by markets.NZD/USD extends its losses for the second successive day, trading around 0.5730 during the Asian hours on Wednesday. The pair depreciates as the New Zealand Dollar (NZD) faces challenges following the release of domestic seasonally adjusted Building Permits, which rose 2.8% month-over-month (MoM) in November 2025, reversing an upwardly revised 0.7% decline in October.Traders will likely observe the Trade Balance data for December later in the day from China, New Zealand’s close trading partner. Trade balance is expected to widen to $113.60B in December, compared to $111.68B in the previous reading. Exports are expected to rise by 3.0% YoY in December, while Imports are projected to increase by 0.9% YoY during the same period.The NZD/USD pair also loses ground as the US Dollar (USD) gains ground despite the latest inflation in the United States (US) being benign, hinting that the Federal Reserve could indeed reduce interest rates as priced in by the financial markets.US Core Consumer Price Index (CPI), excluding food and energy, rose 0.2% in December, below market expectations, while annual core inflation held at 2.6%, matching a four-year low. The data provided a clearer sign of easing inflation after earlier releases were skewed by shutdown effects. However, last Friday’s strong Nonfarm Payrolls report, a dip in the Unemployment Rate, and a solid four-week average ADP Employment Change point to a resilient labor market. New Zealand Dollar FAQs What key factors drive the New Zealand Dollar? The New Zealand Dollar (NZD), also known as the Kiwi, is a well-known traded currency among investors. Its value is broadly determined by the health of the New Zealand economy and the country’s central bank policy. Still, there are some unique particularities that also can make NZD move. The performance of the Chinese economy tends to move the Kiwi because China is New Zealand’s biggest trading partner. Bad news for the Chinese economy likely means less New Zealand exports to the country, hitting the economy and thus its currency. Another factor moving NZD is dairy prices as the dairy industry is New Zealand’s main export. High dairy prices boost export income, contributing positively to the economy and thus to the NZD. How do decisions of the RBNZ impact the New Zealand Dollar? The Reserve Bank of New Zealand (RBNZ) aims to achieve and maintain an inflation rate between 1% and 3% over the medium term, with a focus to keep it near the 2% mid-point. To this end, the bank sets an appropriate level of interest rates. When inflation is too high, the RBNZ will increase interest rates to cool the economy, but the move will also make bond yields higher, increasing investors’ appeal to invest in the country and thus boosting NZD. On the contrary, lower interest rates tend to weaken NZD. The so-called rate differential, or how rates in New Zealand are or are expected to be compared to the ones set by the US Federal Reserve, can also play a key role in moving the NZD/USD pair. How does economic data influence the value of the New Zealand Dollar? Macroeconomic data releases in New Zealand are key to assess the state of the economy and can impact the New Zealand Dollar’s (NZD) valuation. A strong economy, based on high economic growth, low unemployment and high confidence is good for NZD. High economic growth attracts foreign investment and may encourage the Reserve Bank of New Zealand to increase interest rates, if this economic strength comes together with elevated inflation. Conversely, if economic data is weak, NZD is likely to depreciate. How does broader risk sentiment impact the New Zealand Dollar? The New Zealand Dollar (NZD) tends to strengthen during risk-on periods, or when investors perceive that broader market risks are low and are optimistic about growth. This tends to lead to a more favorable outlook for commodities and so-called ‘commodity currencies’ such as the Kiwi. Conversely, NZD tends to weaken at times of market turbulence or economic uncertainty as investors tend to sell higher-risk assets and flee to the more-stable safe havens.

02:59 New Zealand ANZ Commodity Price fell from previous -1.6% to -2.1% in December
New Zealand ANZ Commodity Price fell from previous -1.6% to -2.1% in December

02:59 Japan Money Supply M2+CD (YoY): 1.7% (December) vs previous 1.8%
Japan Money Supply M2+CD (YoY): 1.7% (December) vs previous 1.8%

02:52 When is the China’s Trade Balance and how it could affect AUD/USD?
The General Administration of Customs will publish its data for December on Wednesday at 03.00 GMT. Trade balance is expected to widen to $113.60B in December, compared to $111.68B in the previous reading.

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50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}} China’s Trade Balance OverviewThe General Administration of Customs will publish its data for December on Wednesday at 03.00 GMT. Trade balance is expected to widen to $113.60B in December, compared to $111.68B in the previous reading. Exports are expected to rise by 3.0% YoY in December, while Imports are projected to increase by 0.9% YoY during the same period.As the Chinese economy has influence on the global economy, this economic indicator would have an impact on the Forex market.How could the China’s Trade Balance affect AUD/USD?AUD/USD trades on a positive note on the day in the lead up to China’s Trade Balance data. The pair edges lower as the US Dollar (USD) strengthens following data showing that Consumer Price Index (CPI) inflation data were largely as economists expected last month.If data comes in better than expected, it could lift the Australian Dollar (AUD), with the first upside barrier seen at the January 12 high of 0.6722. The next resistance level emerges at the January 6 high of 0.6742, en route to the January 7 high of 0.6766.To the downside, the January 9 low of 0.6663 will offer some comfort to buyers. Extended losses could see a drop to the December 4, 2025 of 0.6614, followed by the 100-day EMA of 0.6587. Economic Indicator Trade Balance USD The Trade Balance released by the General Administration of Customs of the People’s Republic of China is a balance between exports and imports of total goods and services. A positive value shows trade surplus, while a negative value shows trade deficit. It is an event that generates some volatility for the CNY. As the Chinese economy has influence on the global economy, this economic indicator would have an impact on the Forex market. In general, a high reading is seen as positive (or bullish) CNY, while a low reading is seen as negative (or bearish) for the CNY. Read more. Next release: Wed Jan 14, 2026 03:00 Frequency: Monthly Consensus: $113.6B Previous: $111.68B Source: National Bureau of Statistics of China Australian Dollar FAQs What key factors drive the Australian Dollar? One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – is also a factor, with risk-on positive for AUD. How do the decisions of the Reserve Bank of Australia impact the Australian Dollar? The Reserve Bank of Australia (RBA) influences the Australian Dollar (AUD) by setting the level of interest rates that Australian banks can lend to each other. This influences the level of interest rates in the economy as a whole. The main goal of the RBA is to maintain a stable inflation rate of 2-3% by adjusting interest rates up or down. Relatively high interest rates compared to other major central banks support the AUD, and the opposite for relatively low. The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive. How does the health of the Chinese Economy impact the Australian Dollar? China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar (AUD). When the Chinese economy is doing well it purchases more raw materials, goods and services from Australia, lifting demand for the AUD, and pushing up its value. The opposite is the case when the Chinese economy is not growing as fast as expected. Positive or negative surprises in Chinese growth data, therefore, often have a direct impact on the Australian Dollar and its pairs. How does the price of Iron Ore impact the Australian Dollar? Iron Ore is Australia’s largest export, accounting for $118 billion a year according to data from 2021, with China as its primary destination. The price of Iron Ore, therefore, can be a driver of the Australian Dollar. Generally, if the price of Iron Ore rises, AUD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Iron Ore falls. Higher Iron Ore prices also tend to result in a greater likelihood of a positive Trade Balance for Australia, which is also positive of the AUD. How does the Trade Balance impact the Australian Dollar? The Trade Balance, which is the difference between what a country earns from its exports versus what it pays for its imports, is another factor that can influence the value of the Australian Dollar. If Australia produces highly sought after exports, then its currency will gain in value purely from the surplus demand created from foreign buyers seeking to purchase its exports versus what it spends to purchase imports. Therefore, a positive net Trade Balance strengthens the AUD, with the opposite effect if the Trade Balance is negative.

02:25 Gold Price Forectast: XAU/USD rises above $4,600 on US rate cut expectations, Fed uncertainty
Gold price (XAU/USD) rises to around $4,600 during the early Asian session on Wednesday. The precious metal gains momentum as traders firm up bets on US interest rate cuts after the release of inflation data.

01:37 EUR/USD slips below 1.1650 as resilient US labor data backs Dollar
EUR/USD trades with losses on Tuesday even though the latest inflation in the United States was benign, hinting that the Federal Reserve could indeed reduce interest rates as priced in by the financial markets. At the time of writing, the pair trades at 1.1642, down by over 0.20%.

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At the time of writing, the pair trades at 1.1642, down by over 0.20%.Euro weakens despite benign US inflation, as firm jobs data and Fed rhetoric boost the DollarThe Greenback recovered some ground after the December Consumer Price Index (CPI) in the US was mostly aligned with estimates, with underlying inflation ticking a tenth lower on the annual print. This would justify rate cuts by the Federal Reserve, but last Friday’s solid Nonfarm Payrolls report, the tick lower in the Unemployment Rate and a goodish ADP Employment Change 4-week average report, indicates a resilient labor market.Last year, the three rate cuts by the Fed were triggered by labor market weakness even though inflation remains high. Now, the labor market remains solid and prices, while closer to 3% than 2%, remained stable.Money market had trimmed the odds for a 25-basis point rate cut by the Fed, revealed the Interest Rate Probability tool by Prime Market Terminal. Traders see the Fed funds rate finishing at 3.23% so far, implying 52 basis points of cuts.Source: Prime Market TerminalAfter the US CPI report, US President Donald Trump, slammed the Fed Chair Jerome Powell once more, He posted in his Truth Social Network “Inflation numbers for the USA. That means that Jerome “Too Late” Powell should cut interest rates, MEANINGFULLY!!! If he doesn’t he will just continue to be, “TOO LATE!” ALSO OUT, GREAT GROWTH NUMBERS. Thank you MISTER TARIFF! President DJT.”Earlier, the ST Louis Fed President Alberto Musalem was neutral hawkish, said that the economy is likely to grow at or above its potential in 2026.On Wednesday, the Eurozone economic docket will feature a speech by the European Central Bank Vice-President Luis De Guindos. In the US, traders’ focus will be on releases of the Producer Price Index (PPI) for October and November, Retail Sales for November and a flurry of Fed officials.Daily digest market movers: Euro tumbles amid soft US inflation reportUS CPI came in largely aligned with forecasts. Headline CPI was unchanged at 0.3% MoM, matching November’s pace, while annual inflation held steady at 2.7%, exactly as projected. Core CPI showed signs of modest easing, slowing to 0.2% MoM from 0.3%, as expected. On a yearly basis, core inflation stood at 2.6%, unchanged from November but slightly below market estimates, pointing to gradual disinflation.Meanwhile jobs market data was solid. ADP’s Employment Change four-week average ticked higher, improving from 11K to 11.75K, suggesting a mild stabilization in private-sector hiring momentum.October’s New Home Sales edged 0.1% lower MoM slipping from 738K to 737K. However, U.S. Department of Commerce data showed a sharp increase on an annual basis, suggesting that easing mortgage rates and lower home prices are beginning to support to on the housing market.Technical outlook: EUR/USD slumps as sellers pile in, pushing the pair below 1.1650EUR/USD continues to consolidate after failing to clear key resistance at the 20-day Simple Moving Average (SMA) at 1.1716, which sent the pair sliding past 1.1700 and the 1.1650 figure. Momentum as measured by the Relative Strength Index (RSI) shows that sellers are in charge, as the RSI stills below its neutral level.That said, if EUR/USD slides below 1.1600, this could expose the 200-day SMA at 1.1575. A breach of the latter clears the way to challenge 1.1500 and the August 1 low of 1.1391. On the other hand, if buyers regain the 50 and 100-day SMAs, each at 1.1647 and 1.1663, then up next lies 1.1700. If surpassed, traders could target the 20-day SMA at 1.1716.EUR/USD daily chart Euro FAQs What is the Euro? The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%). What is the ECB and how does it impact the Euro? The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde. How does inflation data impact the value of the Euro? Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control. Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money. How does economic data influence the value of the Euro? Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency. A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone’s economy. How does the Trade Balance impact the Euro? Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

01:25 USD/JPY climbs above 159.00 amid Japan's fiscal, political concerns
The USD/JPY pair jumps to near 159.15, the highest since July 2024, during the early Asian session on Wednesday. The Japanese Yen (JPY) weakens against the US Dollar (USD) amid concerns about looser fiscal and monetary policy in Japan.

01:08 Fed’s Barkin: Inflation above target but not accelerating
Federal Reserve (Fed) Bank of Richmond President Thomas Barkin said on Wednesday that countries that safeguard monetary policy autonomy tend to achieve better economic outcomes, as political pressure on the US Federal Reserve remains in focus.

01:00 South Korea Unemployment Rate increased to 4% in December from previous 2.7%
South Korea Unemployment Rate increased to 4% in December from previous 2.7%

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21:12 Fed’s Beige Book: Outlooks were mildly optimistic This report was prepared at the Federal Reserve (Fed) Bank of Richmond based on information collected on or before january 5, 2026.

20:16 WTI hits highest since late October as Iran unrest fuels risk premium West Texas Intermediate (WTI) extends its rebound on Wednesday, rising for a fifth straight day as escalating unrest in Iran fuels a fresh geopolitical risk premium.

19:13 BoE’s Ramsden: Labour market is continuing to weaken Bank of England Deputy Governor David Ramsden said that wages will remain a key focus for him this year and that his view is that policy remains restrictive in a speech at King's College, in London on Wednesday.

18:54 NZD/USD edges higher on upbeat Chinese trade data, limited by strong US Dollar NZD/USD trades higher on Wednesday, hovering around 0.5750 at the time of writing, up 0.25% on the day.

18:06 USD/JPY retreats as Japan warns on excessive FX moves The Japanese Yen (JPY) strengthens against the US Dollar (USD) on Wednesday after fresh warnings from Japanese authorities revived speculation of possible intervention to curb excessive Yen weakness.

17:30 United States EIA Crude Oil Stocks Change came in at 3.391M, above expectations (-2.2M) in January 9 United States EIA Crude Oil Stocks Change came in at 3.391M, above expectations (-2.2M) in January 9

17:09 Fed's Kashkari: Wary about cutting rates President of the Federal Reserve (Fed) Bank of Minneapolis Neel Kashkari defended Jerome Powell, the Fed chair, and said that interest rates should be held steady this month in an interview with the New York Times on Wednesday.

17:01 Fed’s Paulson: Cautiously optimistic on inflation moving back to target President of the Federal Reserve (Fed) Bank of Philadelphia Anna Paulson said on Wednesday that she sees further rate cuts later this year if the forecast meets their expectations.

17:00 United States Business Inventories came in at 0.3%, above forecasts (0.2%) in October United States Business Inventories came in at 0.3%, above forecasts (0.2%) in October

17:00 United States Existing Home Sales (MoM) above forecasts (4.21M) in December: Actual (4.35M) United States Existing Home Sales (MoM) above forecasts (4.21M) in December: Actual (4.35M)

17:00 United States Existing Home Sales Change (MoM) up to 5.1% in December from previous 0.5% United States Existing Home Sales Change (MoM) up to 5.1% in December from previous 0.5%

16:55 AUD/USD holds steady as US data, Chinese support balance outlook AUD/USD trades around 0.6680 on Wednesday at the time of writing, virtually unchanged on the day, as investors digest a series of key macroeconomic releases from the United States (US) and Asia.

16:46 EUR/CHF edges higher as safe-haven demand fades – Société Générale EUR/CHF is gradually moving higher as easing geopolitical tensions trigger a partial unwind of the Swiss Franc’s (CHF) safe-haven premium, Société Générale's FX analysts Olivier Korber and Kit Juckes reports.

16:32 EUR/USD remains range-bound near one-month lows after mixed US data The Euro (EUR) trades little changed against the US Dollar (USD) on Wednesday, with traders showing a muted reaction to the latest US Producer Price Index (PPI) and Retail Sales data.

15:42 US headline Producer Prices rose by 3.0% in November US Producer Prices rose 3.0% in November from a year earlier, according to the latest figures from the Bureau of Labour Statistics (BLS). The print came in above estimates and October’s 2.8% gain.

15:35 United States Producer Price Index ex Food & Energy (YoY) increased to 2.9% in October from previous 2.6% United States Producer Price Index ex Food & Energy (YoY) increased to 2.9% in October from previous 2.6%

15:35 United States Producer Price Index ex Food & Energy (MoM) rose from previous 0.1% to 0.3% in October United States Producer Price Index ex Food & Energy (MoM) rose from previous 0.1% to 0.3% in October

15:34 United States Producer Price Index (YoY) climbed from previous 2.7% to 2.8% in October United States Producer Price Index (YoY) climbed from previous 2.7% to 2.8% in October

15:33 EUR/CHF trims gains as ECB officials signal caution, focus shifts to Eurozone data The Euro (EUR) trims part of its gains against the Swiss Franc (CHF) on Wednesday as traders digest remarks from key European Central Bank (ECB) officials amid a thin economic calendar on both sides.

15:33 United States Producer Price Index (MoM): 0.1% (October) vs previous 0.3% United States Producer Price Index (MoM): 0.1% (October) vs previous 0.3%

15:31 United States Producer Price Index ex Food & Energy (YoY) came in at 3%, above forecasts (2.7%) in November United States Producer Price Index ex Food & Energy (YoY) came in at 3%, above forecasts (2.7%) in November

15:31 United States Producer Price Index ex Food & Energy (YoY) increased to 3% in October from previous 2.6% United States Producer Price Index ex Food & Energy (YoY) increased to 3% in October from previous 2.6%

15:31 United States Producer Price Index (YoY) above expectations (2.7%) in November: Actual (3%) United States Producer Price Index (YoY) above expectations (2.7%) in November: Actual (3%)

15:31 United States Producer Price Index (MoM): 0.2% (October) vs previous 0.3% United States Producer Price Index (MoM): 0.2% (October) vs previous 0.3%

15:31 United States Producer Price Index (YoY) climbed from previous 2.7% to 3% in October United States Producer Price Index (YoY) climbed from previous 2.7% to 3% in October

15:31 United States Producer Price Index ex Food & Energy (YoY) came in at 3.5%, above expectations (2.7%) in November United States Producer Price Index ex Food & Energy (YoY) came in at 3.5%, above expectations (2.7%) in November

15:30 United States Producer Price Index ex Food & Energy (MoM) declined to 0% in October from previous 0.1% United States Producer Price Index ex Food & Energy (MoM) declined to 0% in October from previous 0.1%

15:30 United States Producer Price Index ex Food & Energy (MoM) below forecasts (0.2%) in November: Actual (0%) United States Producer Price Index ex Food & Energy (MoM) below forecasts (0.2%) in November: Actual (0%)

15:30 United States Retail Sales Control Group declined to 0.4% in November from previous 0.8% United States Retail Sales Control Group declined to 0.4% in November from previous 0.8%

15:30 United States Retail Sales (YoY) fell from previous 3.5% to 3.3% in November United States Retail Sales (YoY) fell from previous 3.5% to 3.3% in November

15:30 United States Producer Price Index (MoM) meets forecasts (0.2%) in November United States Producer Price Index (MoM) meets forecasts (0.2%) in November

15:30 United States Retail Sales ex Autos (MoM) registered at 0.5% above expectations (0.4%) in November United States Retail Sales ex Autos (MoM) registered at 0.5% above expectations (0.4%) in November

15:30 United States Current Account up to $-226.4B in 3Q from previous $-251.3B United States Current Account up to $-226.4B in 3Q from previous $-251.3B

15:30 United States Retail Sales (MoM) registered at 0.6% above expectations (0.4%) in November United States Retail Sales (MoM) registered at 0.6% above expectations (0.4%) in November

14:42 Gold Price Forecast: XAU/USD reaches highs past $4,630 on geopolitical tensions Gold (XAU/USD) extends gains on Wednesday, reaching a fresh all-time high above $4,630 ahead of the US session opening.

14:10 Gold holds near record highs amid economic and geopolitical uncertainties Gold (XAU/USD) regains a positive footing on Wednesday after a shallow pullback from record highs the previous day, as lingering economic and geopolitical uncertainties continue to underpin safe-haven demand.

14:06 Silver hits new all-time high on geopolitical risks, Fed independence concerns Silver (XAG/USD) extends its bullish momentum on Wednesday and trades around $90.50 at the time of writing, up 4.30% on the day.

14:02 United States MBA Mortgage Applications climbed from previous 0.3% to 28.5% in January 9 United States MBA Mortgage Applications climbed from previous 0.3% to 28.5% in January 9

13:35 USD/JPY slips after hitting July 2024 highs – BBH USD/JPY eased below 159.00 after hitting 159.45 overnight, prompting fresh warnings from Japanese Finance Minister Satsuki Katayama against speculative or excessive yen movements, BBH FX analysts report.

13:32 USD/CNH holds near weekly low amid strong Chinese trade – BBH USD/CNH remains just above this week’s cyclical low near 6.9600 as China’s December trade data exceeded expectations, with both exports and imports showing solid year-on-year growth, BBH FX analysts report.

13:28 USD/JPY eases below 159.00 as focus shifts to US Retail Sales, PPI data The Japanese Yen is trimming some losses on Wednesday as the US Dollar recovery falters.

13:26 Dollar rebounds despite softer-than-expected US CPI – ING US inflation came in softer than consensus and notably below our own expectation of a 0.4% month‑on‑month core reading.

13:07 Gold & Silver reverse dip, rally to fresh session highs – OCBC Prices of Gold and Silver reversed the earlier dip to trade fresh highs for the session. The earlier dip was a knee-jerk response to new margin changes.

13:04 Germany 30-y Bond Auction increased to 3.45% from previous 3.26% Germany 30-y Bond Auction increased to 3.45% from previous 3.26%

13:03 EU‘s von der Leyen: Unveils military and budget support for Ukraine European Union (EU) Commission President Ursula von der Leyen announced the allocation of funds for Ukraine’s military and budget support during the European trading session on Wednesday.

12:52 United Kingdom 10-y Bond Auction: 4.456% vs previous 4.613% United Kingdom 10-y Bond Auction: 4.456% vs previous 4.613%

12:40 JPY weakens as Japan snap election talk intensifies – OCBC Speculation over early elections in Japan has driven renewed Japanese Yen (JPY) underperformance, pushing USD/JPY toward the 160 level while lifting JGB yields and domestic equities.

12:28 EUR/GBP trades lower as Pound strengthens on BoE comments ahead of UK GDP data EUR/GBP trades around 0.8660 on Wednesday at the time of writing, down 0.12% on the day, as the Pound Sterling (GBP) benefits from cautious investor positioning ahead of UK growth data.

12:28 NZD/USD hovers below 0.5750 despite upbeat trade data from China The New Zealand Dollar is ticking higher on Wednesday but remains trading within Tuesday’s range, with upside attempts capped below 0.5750 and FX volatility subdued.

12:23 Japan’s Yoshimura: PM Takaichi to call snap election in parliamentary session Japan’s Ruling Ishin Party Leader Yoshimura said during European trading hours on Wednesday that Prime Minister (PM) Sanae Takaichi will call a snap election at the beginning of the parliamentary session.

11:34 EUR/USD holds near one-month lows amid a moderate US Dollar recovery EUR/USD is practically flat on Wednesday, trading just below 1.1650 at the time of writing, with one-month lows in the 1.1615 area in sight, which are at a relatively short distance.

11:28 USD/JPY rally accelerates as election risk returns – ING There seems to be no way of stopping the USD/JPY rally. Speculation of snap elections is mounting, and the return of some degree of political risk premium is offering another chance to test Japan’s tolerance band on its currency.

11:28 GBP/JPY eases from 214.00 highs with the bullish trend intact GBP/JPY eases below 214.00 after hitting fresh all-time highs at 214.30.

11:04 WTI holds losses below $60.50 as Venezuela resumes exports, US stocks rise West Texas Intermediate (WTI) Oil price halts its four-day winning streak, trading around $60.40 per barrel during the European hours on Wednesday. Crude Oil prices lost ground as Venezuela resumed exports.

10:40 EUR/USD: A break below 1.1615 appears unlikely – UOB Group Slight increase in downward momentum could lead to Euro (EUR) edging lower, but a break of 1.1615 appears unlikely.

10:38 ECB’s de Guindos: Financial stability risks remain elevated European Central Bank (ECB) Vice President Luis de Guindos said in a speech during European trading hours on Wednesday that there are noticeable downside growth risks due to geopolitical woes.

10:18 BoE's Taylor: Expects monetary policy to normalize soon Bank of England (BoE) policymaker Alan Taylor said in a summit at National University of Singapore that he expects interest rates to fall to their neutral levels soon.

09:37 EUR/JPY hits record highs above 185.50 due to Japan fiscal concerns EUR/JPY extends its winning streak for the fourth successive session and reaches fresh all-time highs, trading around 185.40 during the early European hours on Wednesday.

09:22 Japan Chief Cabinet Secretary Kihara: Warns of intervention to support Yen Japan Chief Cabinet Secretary Seiji Kihara said during European trading hours on Wednesday that the government could intervene due to one-way excessive moves against the Japanese Yen (JPY).

09:00 Sweden New Orders Manufacturing (YoY) climbed from previous 12.1% to 23% in November Sweden New Orders Manufacturing (YoY) climbed from previous 12.1% to 23% in November

09:00 US Retail Sales to provide hints on Q4 GDP progress The United States (US) Census Bureau will publish November Retail Sales on Wednesday. The delayed data is expected to show that sales rose a modest 0.4% in the month, following no change in October.

08:32 Forex Today: US Dollar regains ground, eyes on US Retail Sales, PPI data Here is what you need to know on Wednesday, January 14:

08:31 India WPI Inflation came in at 0.83%, above expectations (0.3%) in December India WPI Inflation came in at 0.83%, above expectations (0.3%) in December

07:17 USD/CHF posts mild gains above 0.8000 as US CPI inflation data in line The USD/CHF pair posts modest gains around 0.8010 during the early European session on Wednesday. The Greenback strengthens against the Swiss Franc (CHF) after US inflation data that was broadly in line with estimates.

06:38 India Gold price today: Gold rises, according to FXStreet data Gold prices rose in India on Wednesday, according to data compiled by FXStreet.

06:32 Gold rises above $4,600 as Fed rate cut bets, safe-haven demand grow Gold (XAU/USD) rebounds toward the record high of $4,634.64 reached in the previous session, trading around $4,620.00 per troy ounce on Wednesday.

04:55 USD/CAD remains stronger near 1.3900 due to cautious Fed outlook USD/CAD remains stronger for the second successive session, trading around 1.3900 during the Asian hours on Wednesday.

04:55 China Trade Balance USD above expectations ($113.6B) in December: Actual ($114.1B) China Trade Balance USD above expectations ($113.6B) in December: Actual ($114.1B)

04:55 China Exports (YoY) CNY dipped from previous 5.7% to 5.2% in December China Exports (YoY) CNY dipped from previous 5.7% to 5.2% in December

04:54 China Imports (YoY) above forecasts (0.9%) in December: Actual (5.7%) China Imports (YoY) above forecasts (0.9%) in December: Actual (5.7%)

04:54 China Trade Balance CNY rose from previous 792.57B to 808.8B in December China Trade Balance CNY rose from previous 792.57B to 808.8B in December

04:54 China Exports (YoY) registered at 6.6% above expectations (3%) in December China Exports (YoY) registered at 6.6% above expectations (3%) in December

04:19 AUD/USD steadies below 0.6700 ahead of China’s Trade Balance AUD/USD holds ground after registering modest losses in the previous session, trading around 0.6680 during the Asian hours on Wednesday.

03:48 NZD/USD holds losses below 0.5750 ahead of China trade data NZD/USD extends its losses for the second successive day, trading around 0.5730 during the Asian hours on Wednesday.

02:59 New Zealand ANZ Commodity Price fell from previous -1.6% to -2.1% in December New Zealand ANZ Commodity Price fell from previous -1.6% to -2.1% in December

02:59 Japan Money Supply M2+CD (YoY): 1.7% (December) vs previous 1.8% Japan Money Supply M2+CD (YoY): 1.7% (December) vs previous 1.8%

02:52 When is the China’s Trade Balance and how it could affect AUD/USD? The General Administration of Customs will publish its data for December on Wednesday at 03.00 GMT. Trade balance is expected to widen to $113.60B in December, compared to $111.68B in the previous reading.

01:00 South Korea Unemployment Rate increased to 4% in December from previous 2.7% South Korea Unemployment Rate increased to 4% in December from previous 2.7%

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