Crude Oil Prices Risk Forming a “Lower High” on Viral Concerns, Stockpiles Fall

Crude Oil Prices Risk Forming a “Lower High” on Viral Concerns, Stockpiles Fall https://www.dailyfx.com/forex/market_alert/2021/07/28/Crude-Oil-Prices-Risk-Forming-a-Lower-High-on-Viral-Concerns-Stockpiles-Fall-.html

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DailyFX - Market News FX

Silver Price Forecast: XAG/USD climbs to near $113.50 on safe-haven appeal 28 January 2026

Silver price (XAG/USD) surges to near $113.50 during the Asian session on Wednesday. The rally of the white metal is bolstered by economic and geopolitical risks, and interest rate cut expectations. The US Federal Reserve (Fed) interest rate decision will be in the spotlight later on Wednesday.

Gold Price Forecast: XAU/USD surges to fresh record high above $5,200 ahead of Fed rate decision 28 January 2026

Gold price (XAU/USD) rises to near a fresh record high around $5,220 during the Asian trading hours on Wednesday. The precious metal extends its upside amid a weaker US Dollar (USD), ongoing geopolitical tensions and economic uncertainty.

Australian Dollar remains subdued following CPI inflation data 28 January 2026

The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Wednesday after registering over 1% gains in the previous session.

PBOC sets USD/CNY reference rate at 6.9755 vs. 6.9858 previous 28 January 2026

On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.9755 compared to the previous day's fix of 6.9858 and 6.9231 Reuters estimate.

Australia’s CPI inflation climbs to 3.6% YoY in December, as expected 28 January 2026

Australia’s Consumer Price Index (CPI) climbed by 3.6% year-over-year (YoY) in December, following a 3.5% increase (revised from 3.4%) reported in the previous reading, the latest data published by the Australian Bureau of Statistics (ABS) showed on Wednesday.

AUD/JPY sticks to gains near 107.00 on strong Aussie CPI prints; lacks follow-through 28 January 2026

The AUD/JPY cross builds on the overnight bounce from the vicinity of the 106.00 mark, or a nearly one-week low, and attracts buyers for the second day on Wednesday.

Australia Quarterly RBA Trimmed Mean CPI (YoY) above forecasts (3.2%) in 4Q: Actual (3.4%) 28 January 2026

Australia Quarterly RBA Trimmed Mean CPI (YoY) above forecasts (3.2%) in 4Q: Actual (3.4%)

Australia Quarterly RBA Trimmed Mean CPI (QoQ) registered at 0.9% above expectations (0.8%) in 4Q 28 January 2026

Australia Quarterly RBA Trimmed Mean CPI (QoQ) registered at 0.9% above expectations (0.8%) in 4Q

Australia Quarterly Consumer Price Index (QoQ) above forecasts (0.7%) in 4Q: Actual (1%) 28 January 2026

Australia Quarterly Consumer Price Index (QoQ) above forecasts (0.7%) in 4Q: Actual (1%)

Australia Quarterly Consumer Price Index (YoY) above forecasts (3.6%) in 4Q: Actual (3.8%) 28 January 2026

Australia Quarterly Consumer Price Index (YoY) above forecasts (3.6%) in 4Q: Actual (3.8%)

GBP/USD soars amid Greenback collapse, breaches four-year highs 28 January 2026

GBP/USD is well on its way to a second straight week of strong gains as the US Dollar (USD) gives up the ghost on the back of ongoing trade war rhetoric undercutting the Greenback’s strength.

BoJ Minutes: Members agree will continue to raise rates if its economic projection materialize 28 January 2026

The Bank of Japan (BoJ) board members shared their views on the monetary policy outlook on Wednesday, per the BoJ Minutes of the December meeting.

US President Donald Trump: Value of the US Dollar is great — Reuters 27 January 2026

US President Donald Trump said that the value of the ‌US Dollar (USD) is great when asked whether he thought it had declined too much, Reuters reported on Tuesday.

USD/JPY tumbles below 152.50 on intervention speculation, Fed rate decision looms 27 January 2026

The USD/JPY pair slumps to over three-month lows near 152.30 during the early Asian session on Wednesday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) on speculation about a possible coordinated intervention by Japanese and US authorities.

EUR/USD hits five-year peak above 1.2080 as Trump dismisses Dollar 27 January 2026

EUR/USD skyrockets to a new five-year high of 1.2082 on Tuesday after US President Donald Trump expressed that he does not think the Dollar has fallen too much, triggering a sell-off of the Greenback, which is down so far over 1.31% in the day.

United States API Weekly Crude Oil Stock above expectations (-0.7M) in January 23: Actual (-0.25M) 27 January 2026

United States API Weekly Crude Oil Stock above expectations (-0.7M) in January 23: Actual (-0.25M)

AUD/JPY Price Forecast: Stabilizes near 106.00 as fears of Yen intervention cool 27 January 2026

The AUD/JPY halts its downtrend and trades flat during Tuesday’s US session after posting back-to-back bearish daily candles, on speculation of intervention in the FX markets to boost the Japanese Yen.

Euro-area labour market: Resilience amid challenges – Standard Chartered 27 January 2026

Standard Chartered's Christopher Graham discusses the resilience of the Euro-area labour market despite recent economic shocks. The report highlights that employment growth and vacancies indicate a more balanced labour market, which may lead to lower wage growth and inflation.

Silver Price Forecast: XAG/USD jumps above $108 as trade war fuels 'Sell America' flows 27 January 2026

Silver price trades choppy on Tuesday, after extending its gains on Monday, sponsored by heightened geopolitical tensions and the US trade war with its allies, reigniting the 'sell America' trade during the day. XAG/USD trades at $108.00 after bouncing off daily lows of $103.00, modestly up 0.05%

Canadian Dollar gets bolstered by battered Greenback 27 January 2026

The Canadian Dollar (CAD) caught a sharp rise against the US Dollar (USD) on Tuesday despite being an overwhelmingly low performer across global markets.

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Crude Oil Prices Risk Forming a “Lower High” on Viral Concerns, Stockpiles Fall

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