Buy the GBP/USD pair and set a take-profit at 1.3600.

The US Dollar (USD) posts minor losses against the Canadian Dollar (CAD) on Wednesday, and is testing session lows below 1.3650 at the time of writing, following rejection at the 1.3675 area on Tuesday.

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that AUD/USD eased to 0.7152 after recent gains, with price action offering few fresh clues. They expect intraday trading between 0.7125 and 0.7175 and see the pair locked in a 0.7060–0.7210 range over the coming weeks.

Commerzbank’s Michael Pfister argues that the extended ceasefire with Iran and ongoing closure of the Strait of Hormuz keep global inflation risks elevated, even if EUR/USD does not currently reflect this.

The US Dollar Index nudges lower to 98.30 as the US-Iran ceasefire extension shifts market sentiment. Will EUR/USD and GBP/USD capitalize on the DXY’s weakness?

USD/JPY climbed to 159.36 mid-week, with the Japanese yen losing ground for a second consecutive day. The market is pricing in the Bank of Japan’s policy outlook ahead of next week’s meeting.

The AUD/USD pair trades 0.25% higher to near 0.7170 during the European trading session on Wednesday. The Aussie pair gains as the Australian Dollar (AUD) outperforms its peers amid improved market sentiment.

The rally in EURUSD from the March 14, 2026 low is unfolding as a clear five‑wave impulsive Elliott Wave structure. Wave 1 concluded at 1.164, followed by a corrective pullback in wave 2 that ended at 1.144. The advance in wave 3 reached 1.185, which aligns precisely with the 161.8% Fibonacci extension of wave 1. This measured extension reinforces the probability that another leg higher remains possible, ultimately completing wave 5 and confirming the impulsive sequence.

Short-term forecast for oil, gold, and euro-dollar today. Oil entered a short-term uptrend yesterday.

According to Jinshi reports, the US dollar index DXY has dropped 10 points in the short term, curren