FXStreet Forex News

18 Dec 2024 10:23

DXY: FOMC in focus today – OCBC

A 25bp cut is more or less a done deal but the focus is on the refreshed dot plot, which will provide guidance on Fed members’ expectation on rate cut trajectory into 2025 - 26. Dollar Index (DXY) was last seen at 107.00, OCBC’s FX analyst Frances Cheung and Christopher Wong...

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FXStreet Forex News

18 Dec 2024 10:09

ECB’s Lane :It is prudent to maintain meeting-by-meeting approach

European Central Bank (ECB) Chief Economist Philp Lane said in an MNI interview on Wednesday that “it is prudent to maintain meeting-by-meeting approach.” Additional takeaways Also prudent not to pre-commit to any particular rate...

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FXStreet Forex News

18 Dec 2024 09:54

Silver Price Forecast: XAG/USD struggles near $30.40 area, seems vulnerable below 100-day SMA

Silver (XAG/USD) struggles to capitalize on the previous day's modest rebound from the vicinity of the monthly low, around the $30.00 psychological mark and attracts some sellers on...

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FXStreet Forex News

18 Dec 2024 09:50

S&P BSE Sensex (INDIA) Index Elliott Wave technical analysis [Video]

S&P BSE Sensex (INDIA) Elliott Wave Analysis Trading Lounge Day...

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FXStreet Forex News

18 Dec 2024 09:39

Fed one last time on autopilot – Commerzbank

Tonight, the Federal Open Market Committee (FOMC) of the US Federal Reserve meets for the last time this year to decide on monetary policy. It would take a miracle for the FOMC to do anything other than cut interest rates by 25 basis...

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FXStreet Forex News

18 Dec 2024 09:24

AUD/JPY remains tepid around 97.00 due to rising odds of RBA reducing rates sooner

AUD/JPY loses ground for the second consecutive session, trading around 97.00 during the European hours on...

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FXStreet Forex News

18 Dec 2024 09:22

Emini SP 500 support at 6050/45 is key to direction again this week

Emini S&P December retested support at 6050/45 yesterday. The low & high for the last session were 6011 -...

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FXStreet Forex News

18 Dec 2024 09:12

ECB’s Wunsch: Four more rate cuts is a meaningful scenario that I feel relatively comfortable with

European Central Bank (ECB) policymaker Pierre Wunsch said on Wednesday that “four more rate cuts is a meaningful scenario that I feel relatively comfortable with.” Additional quotes Impact of tariffs depends on reaction in the exchange...

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FXStreet Forex News

18 Dec 2024 08:59

Live Coverage: Fed feared to stage hawkish cut, dot-plot in focus in last rate decision of 2024

Rate cut now, but what about 2025? Investors await Fed Chair Jerome Powell and his colleagues with...

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FXStreet Forex News

18 Dec 2024 08:56

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FXStreet Forex News

18 Dec 2024 08:53

NZD/USD falls below 0.5750 due to increased risk aversion, awaits FOMC monetary policy

NZD/USD extends losses for the second successive day, trading around 0.5740 during early European hours on...

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FXStreet Forex News

18 Dec 2024 08:44

Markets brace for Fed decision amid mixed data

Retail sales for November were solid on face value though the details offered a more balanced...

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FXStreet Forex News

18 Dec 2024 08:20

Forex Today: Fed rate decision, revised dot plot to trigger next big action

Here is what you need to know on Wednesday, December 18: Financial markets remain quiet midweek as investors stay on the sidelines while getting ready for the Federal Reserve (Fed) to announce its monetary policy decisions following the last meeting of the...

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FXStreet Forex News

18 Dec 2024 08:00

Fed cut coming up

Focus today will be on tonight's FOMC meeting. We expect a 25bp cut, which is also fully discounted by...

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FXStreet Forex News

18 Dec 2024 07:02

US Dollar Index drifts lower below 107.00 ahead of Fed rate decision

The US Dollar Index (DXY) trades with a mild negative bias near 106.85 during the early European trading hours on...

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FXStreet Forex News

18 Dec 2024 10:09

EUR/USD trades sideways ahead of Fed policy outcome

EUR/USD trades in a tight range near the psychological figure of 1.0500 in Wednesday’s European...

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FXStreet Forex News

18 Dec 2024 10:09

Elliott Wave structure is pointing for higher USD todays, but FEDs decides

It’s finally Wednesday, likely the most important day of the week as we await the Fed’s...

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FXStreet Forex News

18 Dec 2024 09:53

USD: Trump policy pledges to be felt at the FOMC – ING

Our view for today’s Fed rate announcement is that the risks are broadly balanced for the dollar, and we see limited scope for a surprise driving major FX moves, ING’s FX analyst Francesco Pesole...

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FXStreet Forex News

18 Dec 2024 09:39

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FXStreet Forex News

18 Dec 2024 09:38

The Australian Dollar's struggle: How rising debt and slowing Chinese demand could pummel AUD in 2025

The Australian dollar (AUD) faces mounting challenges as we approach 2025, with key fiscal and macroeconomic factors outlined in the Mid-Year Economic and Fiscal Outlook (MYEFO) deepening concerns about the currency's...

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FXStreet Forex News

18 Dec 2024 09:23

EUR/USD Elliott Wave technical analysis [Video]

EURUSD Elliott Wave Analysis Trading Lounge Euro/U.S. Dollar (EURUSD) Day Chart EURUSD Elliott Wave Technical Analysis Function: Bearish Trend Mode: Impulsive Structure: Orange Wave 3 Position: Navy Blue Wave 3 Direction Next Lower Degrees: Orange Wave 3 (Started) Details: Orange wave 2 is considered...

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FXStreet Forex News

18 Dec 2024 09:13

Fitch changes Romania’s outlook to negative

Fitch changed the Romania’s outlook to negative and kept the rating at...

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FXStreet Forex News

18 Dec 2024 09:07

AUD/USD Price Forecast: Selling bias remains unabated ahead of Fed; fresh YTD low and counting

The AUD/USD pair extends its descending trend through the first half of trading action on Wednesday and drops to the 0.6300 neighborhood, or its lowest level since November 11 during the early European...

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FXStreet Forex News

18 Dec 2024 08:58

EUR/USD Forecast: Euro looks to break out of range on Fed policy decisions

EUR/USD registered small losses on Tuesday but managed to stabilize near 1.0500 in the European morning on...

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FXStreet Forex News

18 Dec 2024 08:56

Insurance Australia Group Limited analysis and Elliott Wave forecast [Video]

Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with INSURANCE AUSTRALIA GROUP LIMITED –...

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FXStreet Forex News

18 Dec 2024 08:49

Pound Sterling steadies as UK inflation meets expectations

The Pound Sterling (GBP) whipsaws against its major peers on Wednesday after the release of the United Kingdom (UK) Consumer Price Index (CPI) data for November, which showed that price pressures rose in line with...

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FXStreet Forex News

18 Dec 2024 08:22

EUR/GBP attracts some buyers above 0.8250 after UK CPI inflation data

The EUR/GBP cross holds positive ground near 0.8275, snapping the two-day losing streak during the early European session on...

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FXStreet Forex News

18 Dec 2024 08:08

Who pays the bill?

Canada joined the global political gloom. The sudden resignation of the finance minister on Monday started raising questions about Trudeau’s leadership as politicians there try to find ways to deal with economic slowdown topped by Trump’s tariff...

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FXStreet Forex News

18 Dec 2024 07:09

FX option expiries for Dec 18 NY cut

FX option expiries for Dec 18 NY cut at 10:00 Eastern Time via DTCC can be found...

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FXStreet Forex News

18 Dec 2024 06:51

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