FXStreet Forex News

15 Oct 2024 16:24

USD/CAD peaks in the 1.3820s after Canadian headline inflation data misses estimates

USD/CAD extends its stretch of gains to ten days in a row on Tuesday, clocking up over 2.7% over that period as it peaks at...

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FXStreet Forex News

15 Oct 2024 16:00

Higher Fed terminal rate, Implications for emerging markets – Standard Chartered

Market pricing of a higher Fed terminal rate seems to reflect more inflation concerns than a growth...

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FXStreet Forex News

15 Oct 2024 15:54

Central bank meeting in Serbia and June’s inflation

This week, the Serbian central bank is holding a rate-setting meeting (stability of rates is our baseline scenario), while June’s headline inflation will be observed throughout the...

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FXStreet Forex News

15 Oct 2024 15:49

UnitedHealth Group stock gets slammed as health costs soar

UnitedHealth Group (UNH) stock, the largest holding in the Dow Jones Industrial Average (DJIA), sank 9% on Tuesday after the US’s largest health insurer reported costs in the third quarter exceeding prior...

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FXStreet Forex News

15 Oct 2024 15:19

EUR/USD Price Prediction: Bleeds lower towards first target for reversal pattern

EUR/USD bleeds lower after piercing through a long-term trend...

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FXStreet Forex News

15 Oct 2024 14:52

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FXStreet Forex News

15 Oct 2024 14:44

EUR/JPY Price Prediction: Meeting brick wall of resistance at range ceiling

EUR/JPY is meeting a brick wall of resistance at the top of its ten-week range and despite repeated attempts has not been able to breakout...

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FXStreet Forex News

15 Oct 2024 14:42

USD/JPY faces resistance amid geopolitical and economic uncertainties

USD/JPY has been struggling to break past the resistance level at 149.55 despite repeated attempts over the past five trading...

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FXStreet Forex News

15 Oct 2024 14:33

Breaking: Canada CPI rose less than expected in September

The Canadian Consumer Price Index is expected to rise 1.8% YoY in...

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FXStreet Forex News

15 Oct 2024 14:05

A couple of FOMC members speaking today

USD: Dec '24 is Down at 102.930. Energies: Nov '24 Crude is Down at...

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FXStreet Forex News

15 Oct 2024 14:01

GBP finds bargain hunters on weakness to near 1.30

The Pound Sterling (GBP) continues to draw firm support on softness through the low 1.30s and has rebounded quite firmly from the intraday low again today, Scotiabank’s Chief FX Strategist Shaun Osborne...

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FXStreet Forex News

15 Oct 2024 13:55

EUR: Losing its foothold? – Rabobank

Although the EUR has still managed to outperform most of its other G10 peers in the month to date, the perception that the ECB may have become more concerned about the Eurozone growth backdrop may be punching holes in the single currency’s armour, Rabobank’s FX analyst Jane Foley...

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FXStreet Forex News

15 Oct 2024 13:51

CAD drops for tenth day on the trot ahead of CPI – Scotiabank’s

The Canadian Dollar (CAD) has lost ground against the USD for 10 days on the trot now—Bloomberg reports that this is the worst run for the CAD since...

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FXStreet Forex News

15 Oct 2024 13:30

Crude Oil nosedives after IEA says oversupply still continues

Crude Oil sinks lower for a second day in a row on Tuesday after the release of the monthly report from the International Energy Agency (IEA), and, at the time of writing, it loses almost 7% in the...

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FXStreet Forex News

15 Oct 2024 13:26

EUR: On the war to the next ECB meeting – Commerzbank

Before Thursday's ECB meeting, it is worth taking a brief review of market expectations and...

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FXStreet Forex News

15 Oct 2024 16:00

Oil prices under pressure due to demand concerns and declining supply risks – Commerzbank

Oil prices have fallen sharply since the beginning of the week, Commerzbank’s FX analyst Carsten Fritsch...

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FXStreet Forex News

15 Oct 2024 15:59

High quality public institutions generate prosperity

Czechia’s posted a surplus on the current account of CZK 18.5billion in...

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FXStreet Forex News

15 Oct 2024 15:49

Overbought, but not overbought

S&P 500 rose, adding to clients‘ long gains – so is it overbought? On a short-term basis, yes – so, the next question is whether the rally can go on, what is the message individual sectors and subsectors are sending – and at these fresh ATHs, that‘s what I‘m answering for clients in the premium section while offering you, dear readers, the volatility and options market view (assuming you‘re by now familiar with the extensive weekend macro analysis – there is plenty of positioning for retail sales...

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FXStreet Forex News

15 Oct 2024 15:41

Gold price benefits from geopolitical risks – Commerzbank

The Gold price rose to $2,667 per troy ounce yesterday, coming within less than $20 of its all-time high reached at the end of September, Commerzbank’s FX analyst Carsten Fritsch...

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FXStreet Forex News

15 Oct 2024 15:19

Will Gold be revalued?

Currencies & metals drift on Monday after getting whacked the previous night! What happens if a missile goes awry? Good...

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FXStreet Forex News

15 Oct 2024 14:52

Dollar is overbought by several measures, but no respite is in sight until Retail Sales

One of the latest Fed speeches from Waller sounds a note of caution: “I view the totality of the data as saying monetary policy should proceed with more caution on the pace of rate cuts than was needed at the September meeting.” This is a reference to sticky inflation and the need for confirming...

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FXStreet Forex News

15 Oct 2024 14:44

EUR/USD Price Forecast: Bears maintain the pressure despite market’s mood

The EUR/USD pair fell battles to retain the 1.0900 mark on Tuesday after falling to a fresh two-month low of...

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FXStreet Forex News

15 Oct 2024 14:40

Breaking: BoC core CPI ticked higher in September

The Canadian Consumer Price Index is expected to rise 1.8% YoY in...

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FXStreet Forex News

15 Oct 2024 14:12

Eurozone Industrial Production surged in August

A strong 1.8% month-on-month increase in production provides some support for third-quarter growth expectations after some dismal survey readings, but longer term issues for the industry sector have yet to be...

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FXStreet Forex News

15 Oct 2024 14:01

Gold recovers as broader uptrend resumes

Gold (XAU/USD) recovers into the $2,650s on Tuesday after weakening following an easing of tensions in the Middle...

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FXStreet Forex News

15 Oct 2024 13:58

EUR/USD: Undertone remains soft – Scotiabank

EUR/USD edged below 1.09 briefly overnight behind broader USD...

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FXStreet Forex News

15 Oct 2024 13:51

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FXStreet Forex News

15 Oct 2024 13:38

NOK: Inflation data point to earlier interest rate turnaround – Commerzbank

The Norwegian inflation figures published last week need, in my view, a little more...

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FXStreet Forex News

15 Oct 2024 13:29

Stretched USD Trades Mixed – Scotiabank

The US Dollar (USD) is trading mixed to a little lower overall on the session after a bull run that has stretched for 11 consecutive days through Monday’s trading, Scotiabank’s Chief FX Strategist Shaun Osborne...

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FXStreet Forex News

15 Oct 2024 13:22

Fall in unemployment supports Pound, but concerns grow

The UK unemployment rate fell to 4.0% in August, the lowest since January, and went down from a peak of 4.4% in April and...

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