FXStreet Forex News

16 Oct 2024 12:46

Pound suppressed by weak inflation

The British pound fell below the 1.30 level against the dollar after weak inflation data across...

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FXStreet Forex News

16 Oct 2024 12:32

NZD/USD Price Forecast: Finds temporary support near 0.6040

The NZD/USD pair finds some buying interest after posting a fresh almost two-month low near 0.6040 on...

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FXStreet Forex News

16 Oct 2024 12:26

SuperMicro Computers Inc. (SMCI) Elliott Wave technical analysis [Video]

SMCI Elliott Wave Analysis Trading Lounge Daily Chart, SuperMicro Computers Inc., (SMCI) Daily...

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FXStreet Forex News

16 Oct 2024 12:20

Gold closes in on $2,685 record high

Gold (XAU/USD) extends its recovery into the lower $2,680s on Wednesday after market jitters caused by a dip in US Manufacturing data on Tuesday led to a decline in the US Dollar (USD), a fall in US Treasury yields and a downward revision to the expected path of US interest...

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FXStreet Forex News

16 Oct 2024 12:10

EUR/USD remains fragile as traders brace for ECB policy meeting

EUR/USD falls further to near 1.0880 in Wednesday’s European...

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FXStreet Forex News

16 Oct 2024 12:01

Oil down on belief Israel's response will not be sensitive enough to trigger more conflict

EU Mid-Market Update: Oil down on belief Israel's response will not be sensitive enough to trigger more conflict; 3 weeks to US election as Trump mostly leads...

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FXStreet Forex News

16 Oct 2024 11:57

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FXStreet Forex News

16 Oct 2024 11:49

ECB meeting can provide a ‘buy the rumour, sell the fact’ scenario for EUR – DBS

EUR/USD depreciated 0.2% to 1.0893 overnight before tomorrow’s European Central Bank meeting, DBS’ FX analyst Philip Wee...

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FXStreet Forex News

16 Oct 2024 11:44

Nikkei back above 40k, CN stimulus nerves?

Asia Market Update: Nikkei back above 40k; CN stimulus nerves?; Waiting game continues for Israeli strikes against Iran even as WTI...

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FXStreet Forex News

16 Oct 2024 11:37

NZD/USD: Major support at 0.6005 is likely out of reach – UOB Group

The New Zealand Dollar (NZD) is likely to decline further; the major support at 0.6005 is likely out of reach (there is another support at...

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FXStreet Forex News

16 Oct 2024 11:30

Silver price today: Silver rises, according to FXStreet data

Silver prices (XAG/USD) rose on Wednesday, according to FXStreet...

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FXStreet Forex News

16 Oct 2024 11:28

AUD/USD: Can decline further to 0.6650 – UOB Group

The Australian Dollar (AUD) could decline further to 0.6650; the major support at 0.6620 is likely out of...

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FXStreet Forex News

16 Oct 2024 11:21

Swiss Market Index Elliott Wave technical analysis [Video]

Swiss Market Index Elliott Wave Analysis Trading Lounge Day...

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FXStreet Forex News

16 Oct 2024 11:17

USD/CAD Price Forecast: Tests 1.3800; grapples to remain within the ascending channel

The USD/CAD pair recovers from recent losses and trades around 1.3790 during European hours on...

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FXStreet Forex News

16 Oct 2024 11:13

GBP/USD Forecast: Pound Sterling looks to extend losses after UK inflation data

Following a consolidation phase near 1.3100 in the Asian session on Wednesday, GBP/USD turned south and touched its lowest level since August 20 below...

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FXStreet Forex News

16 Oct 2024 12:41

United States: FHLB deposits, leading indicators of pressure on liquidity

On 30 September, the Federal Housing Finance Agency (FHFA) announced its intention to raise counterparty exposure limits on the deposit accounts of Federal Home Loan Banks1 (FHLB) to the same level as those limits set for their federal funds loans2, an approach already discussed in its December 2023...

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FXStreet Forex News

16 Oct 2024 12:27

Brent crude oil prices fall a third day in a row – DBS

Meanwhile, Brent crude oil prices fell a third day by 3.8% to $74.52 per barrel, its lowest level since October 2, DBS’ FX analyst Philip Wee...

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FXStreet Forex News

16 Oct 2024 12:23

NZD: Markets increase their dovish bets to -60bp – DBS

The New Zealand third-quarter CPI came in line with consensus that added pressure to the New Zealand Dollar (NZD) overnight, ING’s FX analyst Francesco Pesole...

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FXStreet Forex News

16 Oct 2024 12:17

DXY: Caught between two forces – DBS

The Dollar Index (DXY) failed thrice over the past two days to trade above the significant resistance of around 103.30, DBS’ FX analyst Philip Wee...

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FXStreet Forex News

16 Oct 2024 12:07

GBP/USD outlook: Dips below 1.3000 on weaker than expected UK CPI numbers

Cable accelerated lower and cracked psychological 1.30 support, to hit the lowest in almost two months in early...

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FXStreet Forex News

16 Oct 2024 11:59

CAD: To outperform into BoC rate announcement – ING

Canadian headline inflation slowed to 1.6%. The jobs market strengthened in September, expect CAD outperformance next week around the Bank of Canada rate announcement, ING’s FX analyst Francesco Pesole...

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FXStreet Forex News

16 Oct 2024 11:57

USD/CNH: Sudden surge suggests further USD strength to 7.1600 – UOB Group

USD strength is likely to continue; the levels to monitor are 7.1480 and...

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FXStreet Forex News

16 Oct 2024 11:45

USD/JPY: Likely to trade in a 148.55/149.60 range – UOB Group

The US Dollar (USD) is likely to trade in a 148.55/149.60...

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FXStreet Forex News

16 Oct 2024 11:41

CEE: Further signs of calming geopolitics means a boost for the region – ING

Yesterday's final inflation numbers confirmed an increase in inflation in Poland from 4.3% to 4.9%, ING’s FX analyst Frantisek Taborsky...

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FXStreet Forex News

16 Oct 2024 11:31

GBP: Dovish pivot for sterling – ING

The Pound Sterling (GBP) is trading almost half a percent lower this morning after the September CPI report showed the closely-monitored services inflation falling more than expected from 5.6% to 4.9%, ING’s FX analyst Francesco Pesole...

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FXStreet Forex News

16 Oct 2024 11:29

Plunging UK services inflation set to accelerate rate cuts

UK services inflation has fallen much further than expected and, crucially, is well below the Bank of England’s most recent...

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FXStreet Forex News

16 Oct 2024 11:25

FTSE 100 outperforms as sharp decline in UK inflation points towards faster easing

European markets struggle after US semiconductor selloff. Earnings season proving difficult thus far, following ASML and UHG led...

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FXStreet Forex News

16 Oct 2024 11:17

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FXStreet Forex News

16 Oct 2024 11:13

EUR/USD continues downward amid economic uncertainties

EUR/USD has sustained its position below the EMA-200 line, indicating a potential shift into a more defined...

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FXStreet Forex News

16 Oct 2024 11:11

EUR: Bracing for tomorrow's ECB decision – ING

The euro received some unusually positive news on the activity side yesterday, as the ZEW surveys came in slightly stronger than expected in Germany (13 vs 10) while rebounding quite markedly (from nine to 20) in the eurozone-wide index, ING’s FX analyst Francesco Pesole...

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