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The EUR/JPY pair struggles to capitalize on a modest intraday uptick on Wednesday and remains below the 181.00 round figure through the Asian session. Meanwhile, mixed fundamental cues keep spot prices confined in the weekly range and warrant some caution before placing aggressive directional bets.
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Pound Sterling Price News and Forecast: GBP/USD rises ahead of the UK Autumn Budget
GBP/USD continues its winning streak for the fifth consecutive day, trading around 1.3190 during the Asian hours on Wednesday. Traders await the UK Chancellor of the Exchequer, Rachel Reeves, to deliver the Autumn Budget later in the day. -
Taiwan warns China speeding up military preparations and intensifying grey-zone pressure
Taiwan’s president warned that Beijing is intensifying military, political and information pressure on the island, accusing China of accelerating preparations to seize Taiwan by force. Speaking late Tuesday, the president said Beijing is working to redefine “democratic Taiwan” as “China’s Taiwan,” while stepping up military drills, grey-zone harassment and influence operations designed to undermine the island’s autonomy.
The president also said China’s threats to the broader Indo-Pacific were rising, adding that Taiwan faces increasing attempts at infiltration and coercion. The remarks come amid a steady increase in Chinese military activity around the island, as well as ongoing cyber, disinformation and political-influence campaigns documented by Taipei’s security agencies.
Taiwan reiterated that it would continue strengthening its defence posture and deepening partnerships with like-minded democracies to deter conflict and preserve regional stability.
Earlier:
This article was written by Eamonn Sheridan at investinglive.com.
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Silver Price Forecast: XAG/USD gains further to near $52 as US yields remain under pressure
Silver price (XAG/USD) extends its three-day recovery move to near $52.00 during the Asian trading session on Wednesday. -
Japanese Yen gains on BoJ rate hike bets, USD/JPY pressured by dovish Fed and weaker USD
The Japanese Yen (JPY) attracts some dip-buyers during the Asian session on Wednesday in reaction to a news piece that the Bank of Japan (BoJ) is ramping up rate hike messaging. -
China accuses Japan, Taiwan’s DPP of provoking tensions and warns against interference
Gold has been underpinned during the session, helped by lower US yields and a softer USD. Geopolitics playing a role too, with some strong rhetoric out of China.
China has accused Japan and Taiwan’s ruling Democratic Progressive Party (DPP) of provoking tensions in the Taiwan Strait, with Beijing warning that any external interference will meet firm retaliation. Taiwan Affairs Office spokesperson Peng Qingen said Japan was “stirring up trouble” by engaging more actively on Taiwan-related issues, while alleging that the DPP was working with foreign partners to create instability.
Peng’s remarks were made in response to Taiwan’s “external affairs” chief Lin Chia-lung, who encouraged people in Taiwan to travel to Japan and support Japanese products. Beijing cast the comments as provocative, though Taiwan media noted divided opinions on the island.
Reiterating its long-held position, Beijing said the Taiwan issue remains a domestic matter and that China will “resolutely strike back” against any outside attempts to influence cross-Strait affairs.
This article was written by Eamonn Sheridan at investinglive.com.
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WTI drifts higher above $58.00 on Fed rate cut hopes
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $58.15 during the Asian trading hours on Wednesday. The WTI edges higher on the prospect of the US Federal Reserve (Fed) rate reduction and a weaker US Dollar (USD) broadly. -
Recap: Trump drops deadline 4 Ukraine peace deal as U.S. seeks rapid agreement with Russia
President Donald Trump has walked back his earlier insistence that Ukraine agree to a U.S.-backed peace plan by Thanksgiving, saying there is no firm deadline for a deal and that “the deadline for me is when it’s over.”
Speaking to reporters aboard Air Force One en route to Florida for the Thanksgiving break, Trump said U.S. negotiators were making headway in talks with both Kyiv and Moscow, and that Russia had agreed to certain concessions — though he declined to specify what they were.
The emerging U.S. framework for ending the conflict, reported last week, has raised concern that Washington may be pressuring Ukraine into terms that favour Moscow. Trump confirmed that his envoy, Steve Witkoff, will travel to Moscow soon to meet President Vladimir Putin. He also said Jared Kushner, who helped broker the Gaza ceasefire, is involved in the negotiations.
Trump had previously floated Thursday as the date he wanted an agreement in place, but both he and senior officials have since softened the stance, saying they simply aim for a deal “as soon as possible.”
The president also suggested Russia currently holds a battlefield advantage and warned that Ukraine risks losing additional territory in the coming months. He said talks were underway with European partners on potential security guarantees for Kyiv as part of any settlement.
This article was written by Eamonn Sheridan at investinglive.com.
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Australian Dollar advances as monthly CPI boosts RBA caution
The Australian Dollar (AUD) advances against the US Dollar (USD) on Wednesday, extending its gains for the fourth successive session. -
USD/JPY Mid-Day Outlook
Daily Pivots: (S1) 156.46; (P) 156.82; (R1) 157.30; More… USD/JPY’s pullback from 157.88 extends lower today but stays well above 154.47 resistance turned support. Intraday bias remains neutral and further rally is expected. On the upside, break of 157.88 will resume the whole rally from 139.87, and target 161.8% projection of 146.58 to 153.26 from […]
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