FXStreet Forex News

27 Nov 2024 19:35

Gold price ahead of the thanksgiving weekend

Today we finally see it – the USDX moved lower at last. USD’s breather here is nothing surprising, and it’s not bearish...

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FXStreet Forex News

27 Nov 2024 19:29

EUR/USD climbs above 1.0500 as ECB’s Schnabel turns hawkish

The Euro recovered against the Greenback in the mid-North American session due to hawkish comments by European Central Bank (ECB) member Isabel Schnabel, who said the ECB should not be accommodative on...

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FXStreet Forex News

27 Nov 2024 19:16

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FXStreet Forex News

27 Nov 2024 19:11

EUR/USD Price Forecast: A convincing breakout of 1.0600 should expose extra gains

EUR/USD quickly shrugged off Tuesday’s modest gains and continued its temporary uptrend during Wednesday’s trading, climbing toward the 1.0600...

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FXStreet Forex News

27 Nov 2024 18:53

Gold Price Forecast: XAU/USD eases from daily highs as bears seize control

Spot Gold is up on Wednesday after a bundle of United States (US) macroeconomic data ended up weighing on the US Dollar(USD), albeit...

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FXStreet Forex News

27 Nov 2024 18:10

PCE and personal income bode well for stocks

Is there anything that can disrupt the stock market rally in the US? A solid 2.8% print for Q3 GDP, strong corporate earnings, the prospect of deregulation and a steady path towards lower interest rates, all reinforce US exceptionalism as we move towards the end of...

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FXStreet Forex News

27 Nov 2024 17:17

EUR/CAD Price Analysis: Pair pushed higher, aiming to break above the 200-day SMA

The EUR/CAD rose by 0.51% to 1.4815 in Wednesday's session and is on its way to test the 200-day Simple Moving Average (SMA) following a jump in the early part of the...

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FXStreet Forex News

27 Nov 2024 16:30

Breaking: US core PCE inflation edges higher to 2.8% in October as forecast

The core Personal Consumption Expenditures Price Index is expected to rise 0.3% MoM and 2.8% YoY in...

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FXStreet Forex News

27 Nov 2024 16:14

GBP/USD Price Forecast: Surges to four-day peak, above 1.2600

The Pound Sterling rallied to a four-day peak against the US Dollar at 1.2667 as market participants shrugged off Trump’s tariffs threats, which sparked a flight to safety on...

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FXStreet Forex News

27 Nov 2024 16:02

Breaking: US core PCE inflation rises to 2.8% in October as expected

The core Personal Consumption Expenditures Price Index is expected to rise 0.3% MoM and 2.8% YoY in...

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FXStreet Forex News

27 Nov 2024 15:58

NZD/USD: A temporary bounce rather than a return to growth

The Reserve Bank of New Zealand (RBNZ) cut its key interest rate by 50 basis points to 4.25%, bringing the total number of cuts in this cycle to...

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FXStreet Forex News

27 Nov 2024 15:54

The correlation of the Treasury spreads is a key FX determinant

We get information overload today in the US--October personal income and expenditure, the PCE, durables, the trade balance, pending home sales, inventories, and weekly jobless...

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FXStreet Forex News

27 Nov 2024 15:44

Gold prices may have found a temporary equilibrium – TDS

Macro funds skillfully managed to liquidate nearly 60% of their extreme position size in the weeks that followed the US elections, mitigating subsequent downside risks, barring a change in the prevailing macro narrative, TDS’ Senior Commodity Strategist Daniel Ghali...

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FXStreet Forex News

27 Nov 2024 15:06

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FXStreet Forex News

27 Nov 2024 14:52

USD/CAD turns subdued after mid-tier US data release

The USD/CAD pair ticks down as the US Dollar (USD) extends its downside but remains broadly sideways around 1.4050 after the release of a slew of mid-tier United States (US) economic...

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FXStreet Forex News

27 Nov 2024 19:31

Weekly economic and financial commentary

United States: Data Came in Like a Butterball Anyone who has ever gobbled until they wobbled can tell you it can be challenging to digest too much at one...

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FXStreet Forex News

27 Nov 2024 19:21

US Dollar retreats after GDP, PCE data meets forecast

In Wednesday’s session, the US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, ticked 1% lower as markets assess the release of high-tier economic data including a Personal Consumption Expenditures (PCE) reading, the Federal Reserve’s (Fed) preferred gauge of...

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FXStreet Forex News

27 Nov 2024 19:16

Dow Jones Industrial Average tests new record high on Wednesday

The Dow Jones Industrial Average (DJIA) rose to another all-time high on Wednesday, tapping the 45,000 major price handle before settling back below the day’s opening bids near...

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FXStreet Forex News

27 Nov 2024 18:58

Mexican Peso recovers amid broad US Dollar weakness

The Mexican Peso recovered some ground after depreciating more than 2% since Monday, following Trump’s remarks that he would impose tariffs on...

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FXStreet Forex News

27 Nov 2024 18:12

Dow crosses 45K for the first time

The Dow has hit a new milestone this afternoon, but French stocks are under pressure as political crisis looms, says Chris Beauchamp, Chief Market Analyst at online trading platform...

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FXStreet Forex News

27 Nov 2024 17:49

AUD/USD Price Forecast: Outlook remains negative below 0.6630

The US Dollar (USD) came under marked downside pressure on Wednesday, setting aside Tuesday’s advance and pushing toward the lower end of its weekly trading...

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FXStreet Forex News

27 Nov 2024 16:35

Up down

The USD is following the textbook patterns as we saw USD buying from corporates Monday and Tuesday and as that fades, the real money USD sellers have taken...

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FXStreet Forex News

27 Nov 2024 16:14

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FXStreet Forex News

27 Nov 2024 16:07

Breaking: US core PCE inflation edges higher to 2.8% in October as expected

The core Personal Consumption Expenditures Price Index is expected to rise 0.3% MoM and 2.8% YoY in...

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FXStreet Forex News

27 Nov 2024 16:00

The clock is ticking for France

France was one of the dark horses in 2024 for political...

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FXStreet Forex News

27 Nov 2024 15:57

EUR/CHF Price Prediction: Risks further downside to target despite Hammer candle

EUR/CHF recovers after declining following a breakout from a Triangle pattern that started forming in August and completed in November (see...

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FXStreet Forex News

27 Nov 2024 15:47

US October PCE price index preview

Today, Australian CPI inflation numbers (Consumer Price Index) have already been seen, and the Reserve Bank of New Zealand has announced a 50-basis point (bp) cut during Asia Pac...

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FXStreet Forex News

27 Nov 2024 15:37

USD/JPY Price Prediction: Falls to base of Broadening Formation, threatens breakdown

USD/JPY has fallen to test the lower border line of a bearish Broadening Formation price pattern (see chart...

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FXStreet Forex News

27 Nov 2024 15:06

Core PCE meets light volume

Yet another tight range, low volume S&P 500 day was good enough for slow extension of clients‘ swing gains, and for quick intraday ones...

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FXStreet Forex News

27 Nov 2024 14:46

Equities report: Mixed signals from US equities

Major US stock market indexes seem to send some mixed signals as the Dow Jones, maintains a clearer upward movement, Nasdaq has substantial difficulty forming a higher peak, as does S&P...

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