Commodities
Bank of Canada holds rates, WTI Crude Oil explodes higher and PPI marks yet another increase – Check out morning reactions and a few key charts ahead of today's FOMC event.
Forex
EUR/GBP holds firm on Wednesday after paring earlier losses, as steady Eurozone inflation data underpins the Euro (EUR), leaving the British Pound (GBP) under modest pressure.
Forex
DBS’s Philip Wee notes that Japanese authorities have sharply escalated verbal intervention as the Japanese Yen weakens toward 160 against the Dollar, citing speculative moves and rising living costs.
Commodities
Gold (XAU/USD) slides 2.3%, aggressively testing the $5,000 psychological support ahead of the FOMC meeting. Will a hawkish Fed trigger a freefall, or is this a discount opportunity?
Forex
ING’s Francesco Pesole highlights that EUR/USD is driven by war developments and Federal Reserve communication, with a hawkish Dot Plot revision posing downside risks for the pair.
The Bank of Japan is expected to hold rates at 0.75% as it navigates stagflation risks driven by the US–Iran war 2026. Despite weak sentiment reflected in the Nikkei 225, rising wages support a tightening bias. Meanwhile, USD/JPY trades near the 159.45–161.95 intervention zone, keeping markets on edge.
Forex
The AUD/USD pair trades marginally higher to near 0.7115 during the European trading session on Wednesday. The Aussie pair is expected to trade broadly sideways as investors await the Federal Reserve’s (Fed) monetary policy outcome at 18:00 GMT.
Forex
According to UOB’s Quek Ser Leang, GBP/USD rebounded to 1.3364 and may edge higher toward 1.3410, though a clear break above that level is seen as unlikely given only modest momentum. Intraday, gains are expected to stay below 1.3390, with support at 1.3335 and 1.3320.
Commodities
European shares extend their recovery on easing oil prices and stronger global sentiment. The US dollar weakens, while other major currencies gain. Focus shifts to the upcoming FOMC meeting, where a 'hawkish hold' is anticipated, possibly adjusting 'Dot Plot' projections to zero rate cuts for 2026. Technical analysis suggests a downside tilt for the FTSE 100
Forex
Here is what you need to know on Wednesday, March 18:
