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Silver price (XAG/USD) holds positive ground around $51.90 during the early Asian session on Wednesday. The white metal retreats from an all-time high after a historic squeeze in London began to show some signs of easing.

RBNZ’s Conway speaking with Bloomberg TV:

• The 50bps rate cut was a very finely balanced decision
• Bit nerve wracking with inflation at the top of the band
• Excess capacity gives us confidence inflation will come down
• NZIER survey solidified our thinking about policy
• Open to further cuts in the cash rate as required
• Let’s see how the data plays out in the weeks and months ahead

Conway has been busy today!

RBNZ’s Conway: No new monetary policy tools planned, OCR remains main policy instrument

• RBNZ’s Conway doesn’t expect to use additional monetary policy tools again any time soon

• Reserve Bank of New Zealand’s Conway says will close the gap between Dec, Feb meetings
• RBNZ’s Conway: Rates of 2.5% at lower end of neutral range, but we are feeling our way

This article was written by Eamonn Sheridan at investinglive.com.

10am US Eastern time EUR/USD option strikes:

• 1.16
• around 4bn EUR

This article was written by Eamonn Sheridan at investinglive.com.

EURCAD: ⬆️ Buy EURCAD reversed the support level 1.6200 Likely to rise to resistance level 1.6365 EURCAD currency pair recently reversed up from the support level 1.6200 (former monthly high from August, which has been reversing the price from the start of September, as can be seen below). The support level 1.6200 was strengthened by […]

The post EURCAD Wave Analysis appeared first on Action Forex.

The euro may weaken in the months ahead if expectations rise for further European Central Bank (ECB) rate cuts, according to a report from Standard Chartered. Strategists at the bank said that while the ECB has already shifted to an easing stance, markets could begin pricing in another rate cut as early as December, particularly if inflation continues to undershoot the central bank’s 2% target.

The bank added that additional cuts in 2026 could also come into view if price pressures stay subdued. Beyond monetary policy, headwinds include U.S. tariffs, which threaten to hurt euro-area exports and growth, along with domestic challenges such as political uncertainty in France and bureaucratic hurdles in Germany slowing fiscal disbursements.

Still, Standard Chartered pointed to some structural positives for the common currency, including tentative progress on capital-market reforms and modest signs that global reserve managers are diversifying toward the euro. These, however, remain limited in scope.

The bank expects the euro to decline to $1.13 by the second quarter of 2026, down from recent levels near $1.17, as growth concerns and policy divergence continue to weigh.

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Standard Chartered’s bearish euro view reflects mounting expectations for deeper ECB easing and persistent growth risks. The outlook reinforces diverging policy trajectories with the U.S., likely supporting dollar strength into 2026.

This article was written by Eamonn Sheridan at investinglive.com.

The Westpac-Melbourne Institute Leading Index tends not to shift AUD around too much upon release.

AUD/USD is moribund around 0.6490.

From WPAC’s report:

• The six-month annualised growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, nudged back up to +0.04% in September from -0.16% in August.

• Momentum remains subdued compared to start of the year.
• Mixed signals from components with a lack of direction overall.

This article was written by Eamonn Sheridan at investinglive.com.

Gold price (XAU/USD) extends its upside to near $4,165 during the early Asian session on Wednesday. The precious metal edges higher as traders flock to safe-haven assets amid trade tensions and expectations of a US rate cut.