Forex
EUR/JPY trades around 181.85 on Wednesday at the time of writing, up 0.10% on the day, as the pair benefits from slight Japanese Yen (JPY) weakness and what is seen as a limited political impact in the Eurozone.
Forex
ING’s Chris Turner highlights a Financial Times report suggesting Christine Lagarde could leave the ECB before her term ends in October 2027, with succession politics linked to French elections. Markets are watching potential successors Pablo Hernandez de Cos and Joachim Nagel.
Crude Oil prices are trimming some of Tuesday’s losses on Wednesday, reaching session highs near $62.50 per barrel, after bouncing from two-week lows at $61,76. Investors are starting to reassess the chances of a US-Iran deal after the second round of conversations ended without any tangible advance
Forex
Scotiabank analysts Shaun Osborne and Eric Theoret note the Euro is slightly weaker versus the Dollar, drifting toward the lower end of its recent range. Yield spreads remain supportive and the broader EUR/USD trend is still seen as bullish.
Forex
The NZD/USD pair adds to the dovish Reserve Bank of New Zealand (RBNZ)-inspired losses and drops to a nearly two-week low, below the 0.6000 psychological mark during the early European session on Tuesday.
UK inflation fell to a 10-month low of 3.0% in January 2026, driven by easing food and transport costs. With core inflation dropping to 3.1% and monthly prices reversing their recent climb, pressure is mounting on the Bank of England to pivot. This report explores how the latest CPI data paves the way for a potential interest rate cut to 3.5% at the upcoming March meeting.
Forex
The USD/CAD pair trades marginally higher to near 1.3653 during the early European trading session on Wednesday. The Loonie pair edges up as the US Dollar (USD) ticks higher ahead of the release of the Federal Open Market Committee (FOMC) Minutes at 19:00 GMT.
Forex
The United Kingdom (UK) Consumer Price Index (CPI) data for January is scheduled to be published today at 07:00 GMT.
Commodities
Silver price (XAG/USD) rises to near $74.75 on Wednesday at the time of writing, up 1.90% on the day. The white metal rebounds amid persistent tensions between the United States (US) and Iran, which boost safe-haven demand.
Forex
The GBP/USD pair struggles to capitalize on the previous day's late rebound from an over one-week low – levels below the 1.3500 psychological mark – and trades with a negative bias for the third consecutive day on Wednesday.
