Trading news

The Japanese Yen (JPY) edges lower during the Asian session on Wednesday as bulls turn cautious and opt to wait for the Bank of Japan (BoJ) policy update before placing fresh bets. Hence, the focus will remain glued to the outcome of a two-day BoJ meeting on Friday.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $55.75 during the Asian trading hours on Wednesday. The WTI price climbs amid rising volatility around Latin American crude supply.

USD/CAD rebounds from a three-month low of 1.3730, recorded in the previous session, currently trading around 1.3770 during the Asian hours on Wednesday.

The Australian Dollar (AUD) declines against the US Dollar (USD) on Wednesday, extending its losses for the fifth consecutive day.

Gold price (XAU/USD) extends its upside to near seven-week highs above $4,300 during the Asian trading hours on Wednesday. The precious metal gains momentum as the US labor market remains relatively resilient but shows signs of slowing.

US President Donald Trump ordered a blockade of all sanctioned oil tankers entering and leaving Venezuela, Reuters reported late Tuesday. 

The EUR/USD pair steadies around the 1.1750 area during the Asian session on Wednesday, and for now, seems to have stalled the previous day's sharp retracement slide from the highest level since September 24.

On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0573 compared to the previous day's fix of 7.0602.

The NZD/USD pair struggles to capitalize on the previous day's bounce from the 0.5760-0.5755 region, or an over one-week low, and ticks lower during the Asian session on Wednesday.

The GBP/USD pair gains momentum to around 1.3425 during the early Asian session on Wednesday. The Pound Sterling (GBP) edges higher against the Greenback on the upbeat UK preliminary S&P Global Purchasing Managers' Index (PMI) data. Traders will take more cues from the Fedspeak later on Wednesday. 

Australia Westpac Leading Index (MoM) down to -0.04% in November from previous 0.11%

Australia Westpac Leading Index (MoM): 0% (November) vs previous 0.11%

Japan Adjusted Merchandise Trade Balance rose from previous ¥-4.2B to ¥62.9B in November

Japan Imports (YoY) came in at 1.3% below forecasts (2.5%) in November

Japan Machinery Orders (MoM) registered at 7% above expectations (-2.3%) in October

Japan Exports (YoY) registered at 6.1% above expectations (4.8%) in November

Japan Machinery Orders (YoY) above expectations (3.6%) in October: Actual (12.5%)

Japan Merchandise Trade Balance Total registered at ¥322.2B above expectations (¥71.2B) in November

The USD/JPY pair attracts some sellers near 154.80 during the early Asian session on Wednesday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) amid growing speculation that the Bank of Japan (BoJ) will hike rates to 0.75% on Friday. 

New Zealand Current Account - GDP Ratio climbed from previous -3.7% to -3.5% in 3Q