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FXStreet Forex News

Penny stock explodes for 3,300% gain: What investors should know

Bright Minds Bio stock rose more than 1,400% on Tuesday...

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Elliott Wave forecast: Bullish trends ahead for global indices including S&P 500, Nasdaq 100 [Video]

We maintain a bullish outlook on the following indices: S&P 500, NASDAQ 100, Russell 2000, DAX 40, FTSE 100, and ASX...

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EUR/USD extends downside to near 1.0850, with all eyes on ECB rate decision

The EUR/USD pair extends its decline to near 1.0850 during the early Asian session on...

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Morning briefing: Euro is weak towards 1.0800 ahead of the ECB policy meeting

Good Morning! The Dollar Index is bullish towards 104 and the Euro is weak towards 1.08 ahead of the ECB policy meeting where markets expect a 25bps rate...

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Silver Price Forecast: XAG/USD falls to near $31.50, downside appears limited

Silver price (XAG/USD) dips slightly after two days of gains, trading around $31.60 per troy ounce during Thursday's Asian...

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Japanese Yen recovers a part of overnight losses against USD, upside seems limited

The Japanese Yen (JPY) ticks higher against its American counterpart during the Asian session on Thursday and reverses a part of the overnight losses back closer to the lowest level since early...

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PBOC Deputy Governor: Rate cut applies to 90% of existing mortgages

People’s Bank of China (PBOC) Deputy Governor spoke on several topics on the supportive measures implemented to shore up the property...

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Elliott Wave intraday view in Silver (XAG/USD) favoring the upside [Video]

Short term Elliott Wave View in spot Silver (XAG/USD) suggests that rally from 8.8.2024 low is in progress as an...

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NZD/USD moves above 0.6050, upside seems limited due to easing inflation in New Zealand

NZD/USD breaks its three-day losing streak, trading around 0.6070 during the Asian hours on...

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Gold price flirts with record peak, seems poised to appreciate further

Gold price (XAU/USD) built on its uptrend witnessed over the past week or so and retested the all-time high on Wednesday amid the expected interest rate cuts by major central...

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Australian Dollar gains ground following solid employment data

The Australian Dollar (AUD) halts its three-day losing streak against the US Dollar (USD) after a strong Australian employment report was released on...

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PBOC sets USD/CNY reference rate at 7.1220 vs. 7.1191 previous

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1220, as compared to the previous day's fix of 7.1191 and 7.1208 Reuters...

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WTI drops to two-week low below $71.00 on easing fears of oil supply disruption

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $70.70 on...

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USD/CAD posts modest gains above 1.3750, eyes on US Retail Sales data

The USD/CAD pair posts modest gains to near 1.3755 during the early Asian session on...

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USD/CHF appreciates above 0.8650 ahead of Swiss Trade Balance data

USD/CHF extends its gains for the second successive day, hovering around 0.8660 during the Asian trading hours on...

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India Gold price today: Gold rises, according to FXStreet data

Gold prices rose in India on Thursday, according to data compiled by...

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GBP/USD seems vulnerable below 1.3000, its lowest level since August 20

The GBP/USD pair remains below the 1.3000 psychological mark during the Asian session on Thursday and is currently placed near its lowest level since August 20 touched the previous...

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Cisco stock gains over 4% on Buy rating from Citi

Cisco Systems (CSCO) got a needed upgrade from Wall Street on Wednesday, which helped it gain 4.25%, its best showing in some...

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Gold Price Forecast: XAU/USD looks to $2,700 after Wednesday’s close above $2,670

Gold price is consolidating gains near record highs in Asian trading on Thursday, trading in the green for the third day in a...

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Another unconvincing policy briefing fails to inspire confidence

In the ever-fickle pickle world of trading China stocks, the market giveth and the market taketh...

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USD/INR drifts higher ahead of US Retail Sales data

The Indian Rupee (INR) trades with mild losses on the stronger US Dollar (USD) on...

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China’s Housing Minister: Will add one million village urbanization projects

Speaking at the property market briefing on Thursday, China’s Housing Minister said that they “will add one million village urbanization...

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USD/JPY holds below 149.50 ahead of US Retail Sales data

The USD/JPY pair weakens to around 149.40 despite the stronger US Dollar (USD) during the Asian trading hours on...

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Breaking: Australia’s Unemployment Rate drops to 4.1% in September vs. 4.2% expected

The Australian Bureau of Statistics (ABS) will release the monthly employment report at 00:30 GMT on...

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Breaking: Australia’s Unemployment Rate decreases to 4.1% in September vs. 4.2% expected

The Australian Bureau of Statistics (ABS) will release the monthly employment report at 00:30 GMT on...

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Asia open: The disinflationary tug from lower Oil prices

Asian markets are set to open on a firmer footing Thursday, riding the tailwind from Wall Street’s rebound and softer Treasury yields, with encouraging signs that global inflationary pressures are finally loosening their...

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EUR/USD backslides to a ten-week swing low ahead of ECB rate call

EUR/USD is in freefall, plummeting to multi-week lows as the Euro continues to crumple ahead of the European Central Bank’s (ECB) upcoming rate call on...

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