EUR/USD
The EUR/USD pair struggles to capitalize on the overnight bounce from the 1.1530 region, or the lowest level since November 2025, and lower for the third consecutive day on Wednesday. Spot prices slide back below the 1.1600 mark during the Asian session and seem vulnerable to slide further.
GBP/USD
GBP/USD fell about 0.35% on Tuesday, settling around 1.3350 after slipping below the 200-day Exponential Moving Average (EMA) for the first time since early December. The pair has pulled back sharply from its late-January high near 1.3870, shedding over 500 pips in a series of lower highs and lower lows. A cluster of mixed candles over the past two weeks had pointed to indecision, but the latest move lower suggests sellers are regaining control.
USD/JPY
USD/JPY rose about 0.15% on Tuesday, pushing close to 157.60 as the pair continued to grind higher following last week’s sharp rally. Price has been chopping in a wide range between about 152.00 and 159.00 since late January, with alternating large-bodied bullish and bearish candles pointing to a tug-of-war between opposing forces. The latest leg higher has carried the pair back into the upper half of that range after the early-February pullback toward the 153.00 area.
AUD/USD
AUD/USD extends its losses for the second successive session, trading around 0.7010 during the Asian hours on Wednesday. The pair remains under pressure following the release of Australian Gross Domestic Product (GDP) data. Attention now turns to the US ISM Services Purchasing Managers’ Index (PMI), due later in the day.
NZD/USD
The New Zealand Dollar extends its losses for the second straight day amid a firm US Dollar courtesy of the Middle East conflict, which fueled fears of higher inflation sparked by the jump in Oil prices. The NZD/USD trades at 0.5889, down 0.80%.
USD/CAD
USD/CAD edges higher to near 1.3695 during the early European trading hours, bolstered by broader US Dollar (USD) bid. The pair has been trending lower since the January highs close to 1.3930, carving out a series of lower highs and lower lows. Tuesday’s candle printed a narrow body, pointing to indecision around the 1.3660 area.
USD/CHF
The USD/CHF pair loses traction to around 0.7805 during the early European session on Wednesday. The Swiss Franc (CHF) gathers strength against the Greenback on safe-haven flows stemming from Middle East tensions.
CRUDE OIL
Oil prices jumped nearly 3% in Asian trading on Wednesday after two days of sharp gains, as an intensifying conflict between the U.S., Israel, and Iran kept supply disruption risks at the forefront of investor concerns.
Gold (XAU/USD) preserves its modest intraday gains through the Asian session on Wednesday and currently trades just above the $5,150 level, up around 1.30% for the day. Investors remain concerned about a prolonged conflict in the Middle East and its impact on the global economy amid an already uncertain environment. In fact, US President Donald Trump said that the US military operation in Iran could take four to five weeks, and more strikes would continue for as long as necessary. This continues to weigh on investors’ sentiment, which is evident from a generally weaker tone around the equity markets and underpins demand for the safe-haven bullion.
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