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Eurostoxx futures +0.4% in early European trading
Eurostoxx futures +0.4% in early European trading
A slight bounce slated for the open after the late recovery in Wall Street
US Dollar Index Price Forecast: Key support level emerges near 103.00, oversold RSI condition eyed
US Dollar Index Price Forecast: Key support level emerges near 103.00, oversold RSI condition eyed
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, recovers to near 103.55 after bouncing off four-month lows around 103.20.
DollarIndex
Technical Analysis
BoJ’s Ueda: Very worried about uncertainty over overseas economy, prices
BoJ’s Ueda: Very worried about uncertainty over overseas economy, prices
The Bank of Japan (BoJ) Governor Kazuo Ueda said on Wednesday that he is “very worried about uncertainty over overseas economy, prices.” Additional quotes Underlying inflation still remains below 2%.
BOJ
CentralBanks
InterestRate
USDJPY
UK’s Reynolds: Negotiating a wider economic agreement to eliminate additional tariffs.
UK’s Reynolds: Negotiating a wider economic agreement to eliminate additional tariffs.
UK Trade Minister Jonathan Reynolds said on Wednesday that they are “negotiating a wider economic agreement to eliminate additional tariffs.” Further comments It's disappointing that the US has imposed global tariffs on steel and aluminum.
UnitedKingdom
TradeWar
UnitedStates
GBPUSD
EC President von der Leyen: EU responds with countermeasures to US tariffs on steel
EC President von der Leyen: EU responds with countermeasures to US tariffs on steel
European Commission President Ursula von der Leyen said on Wednesday that the European Union (EU) has launched 'swift and proportionate countermeasures' on US imports in the EU in response to steel tariffs.
Eurozone
TradeWar
EURUSD
RiskAversion
Little on the agenda today as the focus is on the US CPI report
Little on the agenda today as the focus is on the US CPI report
No major releases coming up in European morning trade
economic calendar
USD/CHF strengthens to near 0.8850 ahead of US CPI inflation release
USD/CHF strengthens to near 0.8850 ahead of US CPI inflation release
The USD/CHF pair trades in positive territory for the third consecutive day near 0.8840 during the early European session on Wednesday.
USDCHF
Majors
Macroeconomics
EU says to respond to US steel, aluminum tariffs with countermeasures
EU says to respond to US steel, aluminum tariffs with countermeasures
The counter tariffs applied will try and match the €26 billion worth of tariffs by the US, starting from next month
Politics
USD/MXN Price Forecast: Seems vulnerable while below 100-day SMA; US CPI awaited
USD/MXN Price Forecast: Seems vulnerable while below 100-day SMA; US CPI awaited
The USD/MXN pair struggles for a firm intraday direction on Wednesday and oscillates in a narrow trading band, around the 20.2790-20.2795 region through the Asian session.
USDMXN
Technical Analysis
Fed
Inflation
Currencies
EUR/JPY climbs above 161.50 amid a slight uptick in global risk sentiment
EUR/JPY climbs above 161.50 amid a slight uptick in global risk sentiment
EUR/JPY continues its upward momentum for the second consecutive day, trading around 161.60 during Wednesday’s Asian session.
EURJPY
Crosses
Macroeconomics
Japan
Eurozone
Gold price remains confined in a range near weekly top ahead of US inflation data
Gold price remains confined in a range near weekly top ahead of US inflation data
Gold price (XAU/USD) trades near the weekly high during the Asian session on Wednesday and looks to build on the previous day's goodish rebound from the $2,880 region, or a one-week low.
Gold
Commodities
TradeWar
SEO
CPI
India Gold price today: Gold steadies, according to FXStreet data
India Gold price today: Gold steadies, according to FXStreet data
Gold prices remained broadly unchanged in India on Wednesday, according to data compiled by FXStreet.
Gold
India
Commodities
Metals
EUR/USD declines to near 1.0900 on renewed US Dollar demand, US CPI data looms
EUR/USD declines to near 1.0900 on renewed US Dollar demand, US CPI data looms
The EUR/USD pair attracts some sellers to near 1.0900, snapping the three-day winning streak during the Asian trading hours on Wednesday.
EURUSD
Majors
Macroeconomics
Trump's steel and aluminum tariffs take effect
Trump's steel and aluminum tariffs take effect
This is the 25% tariffs as what was touted before
Politics
USD/CAD holds gains near 1.4450 ahead of US CPI data, BoC interest rate decision
USD/CAD holds gains near 1.4450 ahead of US CPI data, BoC interest rate decision
USD/CAD maintains its gains after a previous session of losses, trading around 1.4440 during Asian hours on Wednesday.
USDCAD
Majors
Macroeconomics
TradeWar
BOC
ForexLive Asia-Pacific FX news wrap: EUR/USD drifted back under 1.09 (barely)
ForexLive Asia-Pacific FX news wrap: EUR/USD drifted back under 1.09 (barely)
Forex news for Asian trading on Wednesday, March 12, 2025
Session wrap
Wrap Asia
Silver Price Forecast: XAG/USD hovers near $33.00, four-month highs
Silver Price Forecast: XAG/USD hovers near $33.00, four-month highs
Silver price (XAG/USD) loses ground after registering gains in the previous session, trading around $32.80 during the Asian hours on Wednesday.
Silver
XAGUSD
Technical Analysis
Commodities
Metals
GBP/USD trades with negative bias below mid-1.2900s, downside seems limited ahead of US CPI
GBP/USD trades with negative bias below mid-1.2900s, downside seems limited ahead of US CPI
The GBP/USD pair edges lower during the Asian session on Wednesday and erodes a part of the previous day's strong move up to over a four-month peak, around the 1.2965 area.
GBPUSD
Inflation
Fed
TradeWar
Currencies
Breaking: US CPI inflation softens to 2.8% in February vs. 2.9% forecast
Breaking: US CPI inflation softens to 2.8% in February vs. 2.9% forecast
The United States (US) Bureau of Labor Statistics (BLS) is set to publish the high-impact Consumer Price Index (CPI) inflation report for February on Wednesday at 12:30 GMT.
EconomicIndicator
EURUSD
SEO
Inflation
Breaking
Japanese Yen sticks to intraday losses against recovering USD; lacks bearish conviction
Japanese Yen sticks to intraday losses against recovering USD; lacks bearish conviction
The Japanese Yen (JPY) continues losing ground against its American counterpart for the second straight day on Wednesday and moves away from the highest level since October touched the previous day.
USDJPY
BOJ
Inflation
TradeWar
SEO
Toyota has met union pay rise request in full
Toyota has met union pay rise request in full
Hitachi has also met the request in full
16 analyst forecast for the US CPI, headline and core, for February 2025
16 analyst forecast for the US CPI, headline and core, for February 2025
Consensus is 2.9% y/y and 3.2% y/y respectively (& 0.28% and 0.28% m/m)
Bonds
SPX
Nasdaq
Fed
USD
USD/INR gathers strength as traders await Indian/US CPI inflation releases
USD/INR gathers strength as traders await Indian/US CPI inflation releases
The Indian Rupee (INR) rebounds on Wednesday. The potential foreign exchange intervention from the Reserve Bank of India (RBI) and strong Asian currencies, especially the offshore Chinese Yuan provide some support to the Indian currency.
USDINR
SEO
India
Macroeconomics
EmergingMarkets
NZD/USD remains subdued near 0.5700 ahead of US CPI data
NZD/USD remains subdued near 0.5700 ahead of US CPI data
NZD/USD edges lower after registering gains in the previous session, trading around 0.5710 during the Asian hours on Wednesday.
NZDUSD
Macroeconomics
TradeWar
NewZealand
Majors
PM Albanese: Retaliatory measures would only increase costs for Australian consumers and fuel inflation
PM Albanese: Retaliatory measures would only increase costs for Australian consumers and fuel inflation
Australia’s Prime Minister (PM) Albanese said on Wednesday that “retaliatory measures would only increase costs for Australian consumers and fuel inflation.” PM Albanese confirmed that “Australia will not impose reciprocal tariffs on the United States (US).” His comments come after US President Donald Trump proceeded with 25% tariffs on all imported steel and aluminium.
Australia
TradeWar
UnitedStates
AUDUSD
Australia rules out retaliatory tariffs after Trump moves forward with steel duties
Australia rules out retaliatory tariffs after Trump moves forward with steel duties
Australian Prime Minister Albanese said retaliatory measures would only increase costs for Australian consumers and fuel inflation.
Politics
AUD
PBOC sets USD/CNY reference rate at 7.1696 vs. 7.1741 previous
PBOC sets USD/CNY reference rate at 7.1696 vs. 7.1741 previous
On Wednesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1696 as compared to the previous day's fix of 7.1741 and 7.2324 Reuters estimates.
USDCNY
PBOC
CentralBanks
Currencies
Australian Dollar depreciates as US Dollar gains ground amid market caution
Australian Dollar depreciates as US Dollar gains ground amid market caution
The Australian Dollar (AUD) weakens against the US Dollar (USD) on Wednesday, weighed down by broad risk aversion.
AUDUSD
SEO
Macroeconomics
TradeWar
Australia
Japan firms set to offer strong wage hikes for third straight year
Japan firms set to offer strong wage hikes for third straight year
Japan’s largest companies are expected to offer substantial wage hikes for a third consecutive year, helping workers cope with inflation and retain staff amid labour shortages, per Reuters.
Japan
Macroeconomics
WTI recovers above $66.00 on softer US Dollar
WTI recovers above $66.00 on softer US Dollar
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $66.25 during the early Asian session on Wednesday.
Oil
WTI
Commodities
Macroeconomics
BoJ's Ueda: Higher long-term rates reflecting market views on economy
BoJ's Ueda: Higher long-term rates reflecting market views on economy
Bank of Japan Governor Kazuo Ueda said early Wednesday that it is natural for long-term rates to shift in line with the market view on the outlook for short-term policy rates.
BOJ
CentralBanks
InterestRate
Macroeconomics
Ukraine agrees to 30-day ceasefire if Russia accepts
Ukraine agrees to 30-day ceasefire if Russia accepts
Ukrainian President Volodymyr Zelensky said late Tuesday that Ukraine agreed to a 30-day ceasefire proposed by the United States if Russia accepts the plan, following critical peace talks between US and Ukrainian officials in Saudi Arabia, per CNN.
Ukraine
RussianFederation
Macroeconomics
UnitedStates
Canada warns of oil export restrictions amid escalating trade tensions with US
Canada warns of oil export restrictions amid escalating trade tensions with US
Canada’s Energy Minister Jonathan Wilkinson said late Tuesday that the country may impose non-tariff measures, including restrictions on oil exports to the United States if trade tensions with Washington escalate further.
Canada
UnitedStates
TradeWar
Macroeconomics
EUR/USD rises despite trade war risks as markets pivot to US CPI inflation data
EUR/USD rises despite trade war risks as markets pivot to US CPI inflation data
EUR/USD bidders found the gas pedal on Tuesday, bolstering Fiber further and sending the pair back into the 1.0950 level, albeit briefly.
EURUSD
TradeWar
CPI
Inflation