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FXStreet Forex News

US: Initial Jobless Claims increased to 213K last week

US citizens filing new applications for unemployment insurance rose to 213K for the week ending November 15, as reported by the US Department of Labor (DoL) on...

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Fading Fed expectations are supportive – Scotiabank

The US Dollar (USD) is mixed to somewhat firmer on the...

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USD/JPY declines to near 154.00 even though US Dollar ticks up

The USD/JPY pair slides to near 154.00 in Thursday’s European...

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China SMEI: Services softened again in November – Standard Chartered

Headline SMEI edged down 0.3pts to 50.4 in November; credit conditions continued to...

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AUD can fall towards 0.6360/0.6340 – BBH

AUD/USD has formed an interim trough near 0.6440 last week and has staged an initial bounce, BBH analyst...

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Russia tests resolve of West with apparent first-time use of ICBM into Ukraine

EU mid-market update: Russia tests resolve of West with apparent first-time use of ICBM into Ukraine; Expectations are everything as traders assess if NVDA guidance was another "drop the mic...

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TRY: No rate change today – Commerzbank

Turkey’s central bank (CBT) is scheduled to meet today for a rate decision: it is unanimously expected that the central bank will leave its key rate unchanged at 50%, Commerzbank’s FX analyst Tatha Ghose...

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USD/CNH: Major resistance at 7.2800 is likely out of reach – UOB Group

Scope for the US Dollar (USD) to rise to 7.2630; the major resistance at 7.2800 is likely out of...

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Forex: Navigating the digital frenzy, FX markets still pack a punch

In the intricate dance of the FX markets, the Japanese yen and the euro are drawing keen attention due to imminent policy updates and economic forecasts that could sway their...

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Eurozone: Prudent approach by ECB as it takes rates lower – UOB Group

Last month (17 Oct), the European Central Bank (ECB) slashed interest rates, lowering policy rates by...

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ECB’s Stournaras: A 25 bps December rate cut is the right response to trade tariffs

European Central Bank (ECB) Governing Council member Yannis Stournaras said on Thursday that “trade tariffs are likely to provoke a...

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NZD/USD: Can retest the 0.5865 level before a rebound is likely – UOB Group

The New Zealand Dollar (NZD) could retest the 0.5865 level before a rebound is likely; the strong support at 0.5850 is unlikely come under...

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EUR/CHF: SNB policy rate can go negative again – ING

EUR/CHF remains on the low near 0.93, ING’s Chris Turner...

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AUD/USD: Has a chance to reach 0.6560, possibly 0.6600 – UOB Group

The Australian Dollar (AUD) is expected to trade between 0.6485 and...

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EUR/USD: ECB’s Villeroy says inflation is beaten – Scotiabank

The Euro (EUR) is trading softly on the session, Scotiabank’s Chief FX Strategist Shaun Osborne...

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USD/CAD: Short-term trend momentum weaken to near neutral levels – Scotiabank

The Canadian Dollar (CAD) is little changed on the...

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France’s economic outlook darkens

France’s business climate darkened again in November, suggesting weak growth over the coming...

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A new horizon: The economic outlook in a new leadership and policy era

The economic aftershocks of the COVID pandemic, which have dominated the economic landscape over the past few years, are steadily...

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Guarding against complacency in escalating Ukraine-Russia conflict – DBS

The Dollar Index (DXY) rose 0.7% to a high of 106.92 on geopolitical risks before better tech earnings fuelled a late US stock market rally and lowered the DXY to 106.65 overnight, DBS’ Senior FX Strategist Philip Wee...

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UK inflation remains stubbornly high – Commerzbank

Anyone who thought that the significant downward surprise in September's UK inflation figures would be repeated seamlessly in October was disappointed...

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Natural gas proves to be more sensitive to geopolitical risks – ING

Oil prices have been somewhat insulated by the growing tension between Russia and...

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ZAR: Another 25bp cut from South Africa today – ING

Given South Africa's exposure to China, the rand has been hit hard by the US election result and what it will mean for the Chinese economy and world trade next year, ING’s Chris Turner...

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FX daily: Soft Euro story dominates

FX markets continue to consolidate after recent volatility, but no one wants to unwind their long dollar...

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USD/JPY: Decline is likely limited to a test of 154.35 – UOB Group

The US Dollar (USD) could pull back further; any decline is likely limited to a test of...

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TRY: Last step before first rate cut – ING

The Central Bank of Turkey (CBT) is expected to leave rates unchanged at 50%...

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Silver price today: Silver rises, according to FXStreet data

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

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EUR/USD: Euro so far successfully defending the critical level of 1.0500 but risk of collapse remain high

The single European currency remains above the critical level of 1.05 with investors being conservative enough to take further large bets in favor of the US currency, but on the other hand, so far there is no catalyst on the table that is capable of changing the...

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