Forex
USD/CHF trades without a clear trend around 0.7750 on Wednesday at the time of writing, showing an almost unchanged performance on the day. The pair remains trapped in a narrow range as the US Dollar (USD) struggles to find a clear catalyst following the release of mixed US macroeconomic data.
Forex
The Japanese Yen (JPY) became the worst-performing currency of the G8 on Wednesday.
Forex
The AUD/USD pair trades marginally lower around 0.7020 during the European trading session on Wednesday. The Aussie pair ticks down as the US Dollar (USD) trades higher ahead of the key United States (US) economic data releases in the North American session.
Forex
The Euro has pulled back from session highs and is trading at 1.1815 against the US Dollar (USD), at the time of writing, showing marginal losses in the daily chart.
Forex
The New Zealand Dollar is practically flat against the US Dollar on Wednesday, trading at 0.6040 at the time of writing, after being rejected at 0.6063 on Tuesday. A string of mixed New Zealand employment figures has halted the pair’s recovery from weekly lows at 0.5990.
Forex
Eurostat will publish the preliminary Eurozone Harmonized Index of Consumer Prices (HICP) data for January later on Wednesday at 10:00 GMT.
Forex
The USD/CAD pair turns lower for the second straight day and trades below mid-1.3600s through the early European session on Wednesday, though the downtick lacks bearish conviction amid mixed cues.
The ECB is expected to hold its key interest rates, keeping the Deposit Facility Rate at 2.00% as January's inflation hit the 2% target. The focus shifts from rate cuts to "how long" rates will remain stable. However, the Euro's recent strength poses a double-edged moment helping to suppress imported inflation but threatening Eurozone export competitiveness and growth. The press conference will be key for future policy signals.
Equities
Alphabet (GOOGL) heads into Q4 earnings after strong year-to-date outperformance versus the S&P 500, but technical signals are flashing caution. A bearish reversal pattern, RSI divergence, and weakening relative strength suggest the medium-term uptrend may be exhausted. A break below key supports could trigger a multi-week corrective pullback despite solid earnings expectations.
Forex
The EUR/JPY cross attracts some buyers near 184.95 during the early European session on Wednesday. The Japanese Yen (JPY) weakens against the Euro (EUR) amid fiscal concerns on the back of Japanese Prime Minister Sanae Takaichi's reflationary policies.
