EUR/USD cheers broad US Dollar weakness as it prepares for the key Federal Open Market Committee (FOMC) monetary policy meeting announcements early Wednesday, picking up bids to refresh intraday high near 1.1025 by the press time. (FXStreet)

GBP/USD recently gave a break above the sideways consolidation during December and March affirming extension in bounce. Gradual up move should persist, in the view of economists at Société Générale. (FXStreet)

The USD/CHF pair extends the overnight downfall from the vicinity of the 0.9000 psychological mark, or a nearly two-week high and remains under heavy selling pressure for the second successive day on Wednesday. The downward trajectory remains uninterrupted through the first half of the European session and drags spot prices to a one-week low, around the 0.8875 region in the last hour. (FXStreet)

The USD/JPY pair extends the previous day's sharp retracement slide from the 137.75-137.80 region, or a nearly two-month high and remains under heavy selling pressure for the second successive day on Wednesday. The downfall remains uninterrupted through the early European session and drags spot prices below the 136.00 mark, or a fresh weekly low in the last hour. (FXStreet)

The AUD/USD pair struggles to gain any meaningful traction on Wednesday and seesaws between tepid gains/minor losses, just above mid-0.6600s through the early part of the European session. (FXStreet)

The NZD/USD pair has sensed selling pressure after a rally to near 0.6250 in the Asian session. The Kiwi asset is expected to continue its upside journey as the US Dollar Index (DXY) is under immense pressure amid expectations that higher interest rates by the Federal Reserve (Fed) were the major reason behind the United States banking fiasco. (FXStreet)

The USD/CAD pair is displaying a sideways performance around 1.3620 in the Tokyo session. The Loonie asset displayed a perpendicular rally after defending the crucial support of 1.3540 as oil prices nosedived amid deepening fears of a recession in the United States. (FXStreet)

The continuation of the upside in USD/CNH remains in the pipeline for the time being, note Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. (FXStreet)

The USD/INR pair has rebounded after dropping to near 81.70 in the Asian session. The major has defended its downside despite weakness in the US Dollar Index (DXY) amid debt ceiling woes and a bloodbath in the oil price. (FXStreet)

AUD/NZD takes offers to refresh the intraday low near 1.0690 during early Wednesday. In doing so, the exotic pair ignores upbeat Australia Retail Sales as sellers cheer firmer prints of New Zealand employment numbers for the first quarter (Q1) of 2023. (FXStreet)

AUD/JPY remains depressed around 90.85, keeping the previous day’s losses near the highest levels in 2.5 months, even as Australia’s Retail Sales for March manage to print upbeat figures for March early Wednesday. In doing so, the quote portrays a cautious mood ahead of the top-tier data/events. Also challenging the cross-currency pair are the holidays in China and Japan, as well as fears emanating from baking sector fallouts and hawkish central bank bias, backed by the latest surprise from the Reserve Bank of Australia (RBA). (FXStreet)

The EUR/GBP pair is aiming to capture the critical resistance of 0.8840 as the cross has confidently established above the round-level resistance of 0.8800 in the Asian session. The cross has attracted significant bids as stubborn Eurozone inflation is supporting a continuation of bumper interest rate hikes from the European Central Bank (ECB). (FXStreet)



WTI crude oil stays depressed at the lowest levels since late March, poked the previous day, as energy bearish make rounds to $71.50 during early Wednesday in Europe. In doing so, the black gold price takes clues from the dicey markets ahead of the Federal Open Market Committee (FOMC) monetary policy meeting announcements. (FXStreet)

Gold price (XAU/USD) is gathering strength for a breakout above the immediate resistance of $2,020.00 in the Asian session. The precious metal has shifted into a bullish trajectory as concerns for the United States are mounting. After the headlines from US Treasury Secretary Janet Yellen that the Treasury will run out of funds in early June if the administration fails to raise the debt ceiling and will face problems in making payments. (FXStreet)

Silver struggles to capitalize on the previous day's solid bounce from the vicinity of the $24.50-$24.40 strong horizontal support and edges lower during the first half of trading on Wednesday. The white metal sticks to a mildly negative tone and remains below mid-$25.00s through the early European session, though the downside potential seems limited. (FXStreet)

Natural Gas (XNG/USD) price seesaws around the intraday high of $2.32 as bulls await fresh clues to extend the previous day’s rebound from a 12-day low. In doing so, the energy instrument traces the broad market anxiety ahead of the key Federal Open Market Committee (FOMC) monetary policy meeting announcements early Wednesday. (FXStreet)

Source: FXStreet

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