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Little RBA Cheer for Aussie Dollar Bears - UBS The Reserve Bank of Australia's (RBA) decision to leave the cash rate on hold at 1.75% earlier this week was expected. According to the UBS team, not so was the neutral rates bias delivered in the post-meeting media release...

Oil Reaches Fresh 10-Month Highs Amid Output Disruptions Oil prices rose to fresh 10-month highs on Wednesday, as a drawdown in US stockpiles and output disruptions in Nigeria helped to ease supply glut concerns. West Texas Intermediate crude oil for July rose 1.7% and settled at $51...

Oil Pulls Back After Fresh Highs Despite Inventory Drawdown Oil futures reached fresh 10-month highs and immediately turned lower despite data showed US crude oil inventories declined more than expected last week. US Department of Energy reported US crude oil inventories fell by 3...

Triple Witch and the Fed are Around the Corner, Blow Off High Next Week...

GBP/CAD Resumes Decline, Hits Fresh 1-Month Lows The GBP/CAD cross shed around 130 pips on Wednesday, resuming its decline as crude oil prices rallied to fresh 10-month highs...

EUR/USD: Upside Seen Limited - UBS UBS analyst team still think the Fed will hike rates this year, which should shift US yields higher and support the USD, however they warn against opening positions ahead of the June 14-15 meeting. Key Quotes “Today we closed our short EUR vs...

EUR/USD Consolidating Gains Hovers Around 1.1400 EUR/USD rose to 1.1410, hitting the highest level since May 12 at 1.1410 after the beginning of the American session. Afterward it pulled back modestly and it has been moving in a range during the last hours between 1.1385 and 1.1410...

Gold Advances to 3-Week Highs Gold advanced to fresh 3-week high on Wednesday, as fading hopes of a Fed rate hike continued to weigh on the dollar. The yellow metal reached its highest since mid May at $1,264.32 an ounce, to finally settle above the $1,260.00 mark. Gold has recovered up to the 61...

FxWirePro: USD/CAD Pauses Decline, Downside Risk Remains The USD/CAD pair continued its decline on Wednesday, as the Canadian dollar gained strength as the prices of oil gained further ground. A weaker U.S. dollar added to gains for the loonie...

EUR/USD: Modest Advance Keeps the Risk Towards the Upside EUR/USD Current Price: 1.1402 The American dollar ends the day marginally lower against most of its major rivals, with the EUR/USD pair extending its rally up to 1.1410...

EUR/JPY: Bearish Towards 120.20/40 Price Zone - FXStreet Valeria Bednarik, chief analyst at FXStreet noted that the EUR/JPY pair fell down to 121.32, but trimmed all of its daily losses ahead of the US close, to end the day pretty much flat below the 122.00 figure...

AUD Remains Strong, Watch Fed and Aussie Q2 CPI's - UOB While the AUD/USD remains strong, analysts at UOB reminded us that the Reserve Bank of Australia kept the Official Cash Rate (OCR) unchanged at a record low 1.75% on Tuesday...

USD/JPY Intermarket: Still Down Despite Risk Appetite USD/JPY moved off session lows during the last hours but is still about to end the day in negative territory near 107.00. Risk appetite failed to weaken the yen in the market...

USD/JPY: Increasing Sensitivity to Broader Market Sentiment - Scotiabank Analysts at Scotiabank USD/JPY has faded the bulk of its rally from Monday’s one month low...

Intermarket Analysis: USD/CAD on the Defensive as Oil Rallies USD/CAD extended losses into a fourth consecutive day on Wednesday, striking a 5-week low sub-1.2700 with sharp oil advance as the main driver behind the move...

Gold Inter-Market: Yellow Metal Set to Extend the Ongoing Bullish Momentum After a brief pause and a minor pull back on Tuesday, Gold resumed its disappointing US NFP led rally and touched a 3-week high level of $1260...

EUR/USD Gathers Further Traction Near 1.1400 The buying interest around the shared currency is now picking up pace, pushing EUR/USD to test post-Payrolls peaks near 1.1400 the figure...