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United States Capacity Utilization came in at 76.2%, below expectations (76.5%) in January
United States Capacity Utilization came in at 76.2%, below expectations (76.5%) in January
United States Industrial Production (MoM) above forecasts (0.4%) in January: Actual (0.7%)
United States Industrial Production (MoM) above forecasts (0.4%) in January: Actual (0.7%)
EUR/GBP: Rate convergence supports long bias – Nomura
Nomura Research Analysts Dominic Bunning and Yusuke Miyairi argue that UK wage and inflation data still point to further monetary policy convergence with the Euro area, while rising UK political risks are seen as under-priced and supportive of Euro outperformance versus Pound.
Xcel Energy (XEL) in early stages of a powerful wave (III) Ral
NASDAQ-listed XEL completes corrective wave (II) at $43.64 and turns higher, signaling the beginning of a potentially explosive impulsive advance.
CAD: Softer CPI lowers BoC reaction threshold – TD Securities
TD Securities analysts note that Canadian January CPI surprised slightly to the downside at 2.3% year-on-year, with core measures also easing. They argue the Bank of Canada is unlikely to overreact but say softer core momentum reduces the bar for policy response to future growth headwinds.
United States Redbook Index (YoY) rose from previous 6.5% to 7.2% in February 13
United States Redbook Index (YoY) rose from previous 6.5% to 7.2% in February 13
Gold steadies as easing geopolitical tensions and firm US Dollar cap gains
Gold (XAU/USD) trades firmer on Wednesday after sliding to its lowest level in nearly two weeks at $4,842 the previous day, as dip buyers stepped in to limit the downside and keep the pullback relatively shallow. At the time of writing, XAU/USD is trading around $4,952, up nearly 1.50% on the day.
US Durable Goods Orders contracted 1.4% in December
Durable Goods in the US dropped to $319.6 billion, or 1.4%, in December, the US Census Bureau reported on Wednesday. This print followed the 5.4% increase recorded in the previous month and surpassed market expectations for a 2.0% contraction.
US Dollar Index (DXY) holds gains above 97.00 ahead of FOMC Minutes
The US Dollar Index (DXY), which tracks the Greenback's value against a basket of six major currencies, holds steady on Wednesday as traders position ahead of key US economic releases. At the time of writing, the index trades near 97.29, up roughly 0.20% on the day.
Euro: EU integration and Sweden EMU talk support – Rabobank
Rabobank argues that the European Commission’s forthcoming push for a Savings and Investment Union and capital markets union, alongside Sweden’s possible reconsideration of EMU membership, are structurally supportive for the Euro.
Philippines Gold price today: Gold rises, according to FXStreet data
Gold prices rose in Philippines on Wednesday, according to data compiled by FXStreet.
EUR/USD loses ground below 1.1850 ahead of FOMC Minutes
The EUR/USD pair loses traction near 1.1840 during the early European session on Wednesday, pressured by renewed US Dollar (USD) demand. Traders brace for the Federal Open Market Committee (FOMC) Minutes for signals on future rate cuts, which will be released later on Wednesday.
United Arab Emirates Gold price today: Gold rises, according to FXStreet data
Gold prices rose in United Arab Emirates on Wednesday, according to data compiled by FXStreet.
Pakistan Gold price today: Gold rises, according to FXStreet data
Gold prices rose in Pakistan on Wednesday, according to data compiled by FXStreet.
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Wednesday, according to data compiled by FXStreet.
Japanese Yen weakens vs. USD as fiscal woes offset BoJ rate hike bets ahead of FOMC Minutes
The USD/JPY pair attracts fresh buyers following the previous day's volatile price swings and climbs above mid-153.00s during the Asian session on Wednesday.
Malaysia Gold price today: Gold rises, according to FXStreet data
Gold prices rose in Malaysia on Wednesday, according to data compiled by FXStreet.
USD/INR opens flat ahead of FOMC Minutes
The Indian Rupee (INR) opens almost flat against the US Dollar (USD) on Wednesday. The USD/INR pair is expected to wobble near its current levels at around 90.80 as investors await the release of Federal Open Market Committee (FOMC) Minutes at 19:00 GMT.
Gold regains positive traction after Tuesday's over 2% slump as traders await FOMC Minutes
Gold (XAU/USD) gains some positive traction during the Asian session on Wednesday and recovers a part of the previous day's heavy losses more than 2%, to the $4,843-4,842 region or a nearly two-week low.
NVIDIA trend shift again? The battle to reclaim the parallel channel
For much of the past year, NVIDIA Corporation (NVDA) has largely been contained in an inclining parallel channel. However, the price action on Thursday and Friday of last week marked a significant departure from this trend.
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