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USD/CHF consolidates its gains, eyes on Fed rate decision, SNB’s Jordan speech

The USD/CHF pair consolidates its recent gains after climbing to multi-week highs of 0.9107 during the Asian session on Wednesday. Investors await the highly anticipated Federal Open Market Committee (FOMC) policy meeting later on Wednesday, with no change in rate expected. The pair currently trades around 0.9097, down 0.07% on the day. The US Chicago […]

Gold price remains depressed near weekly low amid expectations for hawkish Fed outlook

Gold price (XAU/USD) extends the previous day’s retracement slide from the vicinity of a five-and-half-month peak touched last week and continues losing ground for the third successive day on Wednesday. The precious metal maintains its offered tone heading into the European session and currently trades near the weekly low, around the $1,978 region. Easing concerns […]

WTI trades with modest losses below $81.00, seems vulnerable near two-month low

West Texas Intermediate (WTI) Crude Oil prices trade with a negative bias for the third successive day on Wednesday and languish near a two-month low touched the previous day. The commodity remains depressed below the $81.00/barrel mark through the Asian session and seems poised to weaken further in the wake of easing global supply concerns. Market participants seem […]

EUR/USD Price Analysis: Hovers above the 1.0550 key level ahead of Fed decision

EUR/USD consolidates ahead of the Federal Open Market Committee (FOMC) policy decision with the expectation of maintaining the current interest rate at 5.5% in November’s meeting. The pair trades lower near 1.0570 during the Asian session on Wednesday. The Eurozone Harmonised Index of Consumer Prices (HICP) exhibited a significant slowdown in a report released on Tuesday, […]