FXStreet Forex News

20 Oct 2024 17:01

USD marching alongside with Gold and stocks

The dollar has been on an impressive streak, gaining almost daily, particularly against emerging market currencies. This is the currency market’s reaction to Trump’s higher chances of winning the presidential race, fuelled by his promises of increased trade tariffs. Even the anticipation of these measures is driving up the US currency.

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FXStreet Forex News

20 Oct 2024 11:00

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FXStreet Forex News

19 Oct 2024 17:01

Gold breaks above $2,700 for first time

Gold is one of this year’s strongest performing commodities, with gains of more than 30% so far, supported by rate-cut optimism, strong central bank buying and robust Asian purchases. Safe-haven demand amid heightened geopolitical risks as well as uncertainty ahead of the US election in November have also supported gold’s record-breaking rally this year.

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FXStreet Forex News

19 Oct 2024 10:57

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FXStreet Forex News

18 Oct 2024 23:55

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FXStreet Forex News

18 Oct 2024 23:53

USD/JPY Price Forecast: Retreats below 150.00 sponsored on falling yields

The USD/JPY retreats after hitting a two-month high of 150.32, edges down over 0.45%, and trades at 149.55 at the time of...

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FXStreet Forex News

18 Oct 2024 22:39

Apple stock closes 1.23% higher on Friday

Apple (AAPL) closed at $235.00 on Friday, 1.23% higher on the...

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FXStreet Forex News

18 Oct 2024 21:13

Gold soars to record high above $2,700 on geopolitical tensions

Gold prices continued to print record highs after breaching the $2,700 figure amid uncertainty surrounding the US election and tensions in the Middle...

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FXStreet Forex News

18 Oct 2024 20:19

Dow Jones Industrial Average trudges higher on Friday

The Dow Jones Industrial Average (DJIA) tested cautiously into higher ground on Friday, clipping into another record high and keeping the needle pinned firmly into the bullish...

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FXStreet Forex News

18 Oct 2024 20:05

US Dollar declines as market awaits Fed signals

The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, is declining on Friday as profit-taking sets in following a strong rally earlier in the...

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FXStreet Forex News

18 Oct 2024 18:43

American Express sells off on lower full-year revenue guidance

American Express (AXP) stock swooned over 5% on Friday after it reported third-quarter...

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FXStreet Forex News

18 Oct 2024 18:41

OPEC remains much more optimistic about oil demand than IEA – Commerzbank

Both OPEC and the IEA revised their oil demand forecasts downwards again this week, Commerzbank commodity analyst Carsten Fritsch...

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FXStreet Forex News

18 Oct 2024 18:35

US Dollar Weekly Forecast: Outlook turns to bullish above the 200-day SMA

The US Dollar (USD) had another strong performance these past few days, extending its gains for the third consecutive week, including a test of the critical 200-day SMA around 103.80 when tracked by the US Dollar Index (DXY) for the first time since the...

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FXStreet Forex News

18 Oct 2024 18:20

Oil prices fall drastically – Commerzbank

Provided there is no renewed escalation of tensions in the Middle East, oil prices are likely to retreat further due to weaker fundamental data, Commerzbank commodity analyst Carsten Fritsch...

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FXStreet Forex News

18 Oct 2024 18:03

EUR/GBP Price Analysis: Bulls attempt recovery and clear daily losses from multi-year lows

In Friday's session the EUR/GBP mildly rose to 0.8330 after falling to multi-year lows around...

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FXStreet Forex News

20 Oct 2024 14:01

Week ahead: BoC to speed up rate cuts – Flash PMIs eyed for growth clues

Expectations that the Bank of Canada will cut rates by 50 basis points at its October meeting firmed up after the latest CPI data. Nevertheless, markets are not fully convinced of an outsized move, hence, there is a little bit of uncertainty heading into Wednesday’s decision by Canada’s central bank.

BoC to likely cut by half a point 🔪

FXStreet Forex News

19 Oct 2024 21:01

Canada debates whether to supersize rate cuts

A fourth consecutive Bank of Canada rate cut is expected, but the market senses it will accelerate the move towards neutral policy rates with a 50bp step change. Inflation is finally below target and unemployment is trending higher, but the economy is still growing. We narrowly favour the BoC sticking with 25bp increments, but would not be shocked by 50bp.

Close call between 25bp and 50bp 📞

FXStreet Forex News

19 Oct 2024 14:02

Weekly focus: ECB delivers a lot of words and little guidance

ECB's widely anticipated 25bp rate cut did not end up rocking the markets, as Lagarde delivered little concrete guidance on what the central banks' next steps will be. Markets saw her remarks slightly on the dovish side, as she noted inflation risks 'may' be slightly tilted to the downside.

Read the full weekly focus! 🤩

FXStreet Forex News

19 Oct 2024 00:32

EUR/USD snaps four-day losing streak, but its a long way up

EUR/USD drifted into a rebound on Friday, snapping a four-day losing...

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FXStreet Forex News

18 Oct 2024 23:55

GBPUSD extends meager recovery from 1.30

GBP/USD extended a near-term recovery rally to wrap up the trading week, inching back in a familiar congestion zone and clawing back meager gains from the midweek’s backslide into the 1.3000...

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FXStreet Forex News

18 Oct 2024 23:49

NZD/JPY Price Analysis: Buyers lose momentum, eyes on SMA crossover

In Friday's session, the NZD/JPY pair declined by 0.20% to 90.80, encountering increased resistance and losing ground still holding the key 20-day Simple Moving Average...

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FXStreet Forex News

18 Oct 2024 21:59

Australian Dollar rises as weak USD and strong data support Aussie

The AUD/USD pair extended its recovery momentum on Friday and rose mildly to 0.67055, with a positive risk tone and hawkish Reserve Bank of Australia (RBA) expectations due to strong local data underpinning the...

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FXStreet Forex News

18 Oct 2024 21:02

​Gold hits upside target, what next? [Video]

In this Trading Opportunities Webinar, Neerav Yadav (Author of “Think with the Markets”) has discussed charts of Forex, Commodities,...

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FXStreet Forex News

18 Oct 2024 20:06

Mexican Peso erases earlier gains amid a weak US Dollar

The Mexican Peso remained firm against the US Dollar on Friday yet erased earlier gains, which saw the emerging market currency appreciate over...

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FXStreet Forex News

18 Oct 2024 19:19

USD/JPY Price Forecast: Bearish Rising Wedge pattern radically alters chart

USD/JPY keeps rising and forming a Rising Wedge pattern as it closes in on an old major...

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FXStreet Forex News

18 Oct 2024 18:41

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FXStreet Forex News

18 Oct 2024 18:40

Forecasting the upcoming week: Markets’ attention remains on the real economy

Despite closing with modest losses on Friday, the US Dollar had another very positive performance these past days, extending its positive streak for the third...

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FXStreet Forex News

18 Oct 2024 18:22

Silver Price Forecast: XAG/USD skyrockets as buyers eye $33.00

Silver's price skyrocketed during the North American session, sponsored by falling US Treasury bond...

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FXStreet Forex News

18 Oct 2024 18:11

Weekly economic and financial commentary

United States: Fall Data and It's the Same Retail sales came in stronger than expected in September, industrial production was weaker than expected and residential construction...

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FXStreet Forex News

18 Oct 2024 18:00

Significantly lower Swiss Gold exports to India – Commerzbank

The record high price level is having a dampening effect on demand for Gold in Asia, as shown by data on Switzerland's Gold exports for September published yesterday by the Swiss Federal Customs Authority, Commerzbank commodity analyst Carsten Fritsch...

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