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FXStreet Forex News

Morning briefing

Good Morning! The Dollar Index extended the fall to the low of 105.85 but has recovered from there and now has a scope to bounce back towards 108-110 in the medium...

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GBP/USD edges lower to near 1.2650 as latest US inflation report keeps Fed on alert

GBP/USD holds losses as the US Dollar (USD) advances as the latest US inflation report indicated solid growth in consumer spending for October, but it also highlighted a stagnation in progress toward lowering inflation, keeping the Fed on...

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Chevron Inc. (CVX) stocks Elliott Wave technical analysis

CVX Elliott Wave Analysis Trading Lounge Chevron Inc., (CVX) Daily Chart CVX Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Minute...

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USD/INR holds positive ground amid rising month-end US Dollar demand

The Indian Rupee (INR) edges higher on Thursday. The month-end US Dollar (USD) demand from importers weighs on the local...

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Gold Price Forecast: XAU/USD looks to revisit $2,600 amid Bear Cross on Thanksgiving Day

Gold price reverts toward the weekly low of $2,605 in Asian trading on Thanksgiving Thursday, snapping a two-day...

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NZD/USD posts modest gains to near 0.5900 amid weaker US Dollar

The NZD/USD pair gains traction to around 0.5900 during the Asian trading hours on Thursday, bolstered by the weaker US Dollar...

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PBOC sets USD/CNY reference rate at 7.1894 vs. 7.1982 previous

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1894, as compared to the previous day's fix of 7.1982 and 7.2227 Reuters...

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WTI steadies above $68.50 amid large surprise crude draw

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $68.65 on...

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EUR/USD gains ground, but recovery remains limited

EUR/USD caught a broad-market bid on Wednesday, taking a new run at the 1.0600 handle during the midweek market...

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RBNZ’s Silk: Manufacturing, retail, construction will start to see recovery in 2025

Reserve Bank of New Zealand (RBNZ) Assistant Governor Karen Silk said on Thursday that residential investment, manufacturing, retail trade and construction in New Zealand will start to see more recovery in early...

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Wall Street slips Into a Quasi-Hibernation for the Thanksgiving stretch

As US traders headed into what amounts to their annual 4-day Thanksgiving holiday event on Wall Street, focus sharpened on inflation and month-end portfolio...

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Canadian Dollar catches a break from selling pressure on Wednesday

The Canadian Dollar (CAD) caught a much-needed bid on Wednesday, clawing back a sliver of recently-lost ground after the Loonie was pushed into multi-year lows by a correlated decline in Crude Oil prices earlier in the...

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Gold bounces back amid weak US Dollar, falling US yields

Gold prices recover on Wednesday after dropping to a weekly low of $2,605, bolstered by a soft US Dollar responding to the release of US economic...

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Forex Today: Markets will now look to inflation in Europe

The Greenback faced strong and sudden downward pressure, retreating to multi-day lows due to lower US yields and investors’ adjustments to month-end...

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Elliott Wave: Nasdaq ETF (QQQ) looking for more downside [Video]

Rally in Nasdaq ETF (QQQ) from 10.13.2022 low is in progress as a 5 waves...

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Gold price trades with modest losses, downside seems limited amid trade war fears

Gold price (XAU/USD) extends the previous day's retracement slide from the $2,658 region and drifts lower during the Asian session on...

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Silver Price Forecast: XAG/USD falls below $30.00 due to easing geopolitical tensions

Silver price (XAG/USD) extends its losses for the second consecutive day, trading around $29.90 per troy ounce during the Asian session on...

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Japanese Yen trims a part of overnight strong gains against USD, to five-week top

The Japanese Yen (JPY) weakens slightly against its American counterpart during the Asian session on Thursday and erodes a part of the recent strong gains to a five-week top touched the previous...

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Australian Dollar maintains position after the release of Private Capital Expenditure

The Australian Dollar (AUD) holds steady against the US Dollar (USD) following the release of stronger-than-expected Private Capital Expenditure on...

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A french fright

French sovereign bonds and equities took a hit on Wednesday, with investor worries deepening over a contentious draft budget that could topple Prime Minister Michel Barnier’s...

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Donald Trump says Mexico's President agreed to stop migration

US President-elect Donald Trump said on Wednesday that Mexico's President Claudia Sheinbaum agreed to stop migration through Mexico, and into the United States, effectively closing our Southern Border, per the New York...

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US expected to unveil further AI chip sanctions against China on Monday

The US is expected to announce another set of measures on Monday designed to further restrain China's ability to develop advanced artificial intelligence, per...

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GBP/USD recovers ground as markets tilt into risk-on sentiment

GBP/USD finally broke back above 1.2600 on Wednesday, propelled higher by a broad-market softening in the Greenback’s recent bullish...

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USD/CAD holds below 1.4050 on softer US Dollar

The USD/CAD pair edges lower to near 1.4025 during the early Asian session on...

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FXStreet Forex News

NZD/USD Price Analysis: Pair soared and approaches 20-day SMA

The NZD/USD rose by 1.02% to trade near 0.5895 in Wednesday's session, continuing its recovery and approaching the 20-day Simple Moving Average (SMA) at around...

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Australian Dollar gains as US Dollar remains weak after high-tier data release

In Wednesday's session, the AUD/USD rose to 0.6480 as the US Dollar remained weak following the release of high-tier economic...

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SuperVerse initiating the Elliott Wave super rally

SuperVerse SUPER is building the Web3 infrastructure for Gaming and expected to be one of the leading pioneers in the...

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