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FXStreet Forex News

Dr. Reddy's Laboratories Elliott Wave technical analysis [Video]

Function: Larger Degree Trend Higher (Minor degree, Grey). Mode:...

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Crude Oil consolidates as traders prepare for final weeks of 2024

Crude Oil trades in the red and loses around 1% on Friday. However, it is in a continuous tight range with traders on the sidelines awaiting the outcome of the upcoming Organization of the Petroleum Exporting Countries and its allies (OPEC+) meeting on its output policy, which has been delayed to next...

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Gold rallies on increased haven demand due to geopolitical risks

Gold (XAU/USD) stages a bigger rebound on Friday and enters the $2,660s during the European...

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USD/JPY outlook: Cracks pivotal 150 support zone on growing expectation for BoJ rate hike

USDJPY fell to six-week low on Friday, in fresh acceleration lower after stronger than expected inflation rise in Tokyo in November, boosted expectations for Bank of Japan’s rate hike in the policy meeting next...

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Euro focus: CPI rises as 50bp rate cut hopes fade

With the US still celebrating the Thanksgiving holiday, the focus has shifted to...

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Iron Ore Elliott Wave technical analysis [Video]

Iron Ore Elliott Wave Analysis The SGX TSI Iron Ore Index serves as a critical benchmark for stakeholders in the iron ore market, including traders, miners, and steelmakers who rely on it for contract settlements and managing price...

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Dow Futures (YM) extends bullish sequence from zigzag pullback

The zigzag structure is one of the three core corrective patterns explained in the Elliott Wave...

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USD/CAD finds temporary support below 1.4000, Canadian Q3 GDP in focus

The USD/CAD pair discovers some support near 1.3980 in Friday’s European...

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Eurozone Preliminary HICP inflation rises to 2.3% YoY in November, asexpected

The Eurozone Harmonized Index of Consumer Prices (HICP) increased at an annual rate of 2.3% in November after reporting a 2.0% growth in October, the official data released by Eurostat showed...

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Silver price today: Silver rises, according to FXStreet data

Most recent article: Silver price today: Silver falls, according to FXStreet data Silver prices (XAG/USD) rose on Friday, according to FXStreet...

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ECB survey: Eurozone Consumer Inflation Expectations edge up to 2.5% over next 12 months

The latest monthly Consumer Expectations Survey by the European Central Bank showed on Friday that Eurozone inflation is seen slightly higher for the year ahead in...

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AUD/USD holds steady above 0.6500, lacks bullish conviction amid trade war fears

The AUD/USD pair trims a part of intraday gains to a multi-day top and trades just above the 0.6500 psychological mark during the first half of the European session on Friday, up for the third consecutive...

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USD/JPY Price Forecast: Stronger Tokyo CPI-led slump to sub-150.00 levels favors bears

The Japanese Yen (JPY) resumed its broad-based rally following the release of stronger consumer inflation figures from Tokyo, Japan's capital, which reignited speculation about another rate hike by the Bank of Japan (BoJ) as early as...

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Eurozone inflation ticks up, but ‘core’ is stable

The Eurozone’s inflation rate increased to 2.3% in November, with ‘core’ stable at...

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US Payrolls, Frasers Group and Balfour Beatty results

US Nonfarm Payrolls (Nov) – 06/12 – The October payrolls report proved to be an unexpected surprise when it came in as hiring fell to its lowest level since the pandemic, as the US economy saw a mere 12k jobs added, well below the consensus of...

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NZD/USD holds recovery above 0.5900, focus shifts to next week’s US data

The NZD/USD pair holds gains above the round-level support of 0.5900 in Friday’s European...

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US markets technically return from Thanksgiving but volume indicates a long-weekend for most

EU Mid-Market Update: US markets technically return from Thanksgiving but volume indicates a long-weekend for most; Data driven EU session fails to move needles ahead of S&P decision on...

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Mexican Peso stabilizes after rallying on easing trade-war fears

The Mexican Peso (MXN) seesaws between tepid gains and losses in its most-traded pairs on Friday as it stabilizes after the previous day’s...

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DKNG looking to resume higher after completing the pullback

The Draft Kings, Inc. ticker symbol: DKNG is a digital sports entertainment and gaming company engaged in providing online sports...

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Pound Sterling advances against US Dollar as investors trim Trump trades

The Pound Sterling (GBP) refreshes a two-week high near 1.2750 against the US Dollar (USD) in Friday’s European...

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Yen soars as Japan’s core inflation jumps

The Japanese yen has surged higher on Friday after a strong inflation...

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Quick update before weekend

Important News for the day Fri, 29th, 12:00 CET UK Governeur Bailey speech Fri, 29th, 14:30 CET CAD Gross domestic product market Talk The Dollar seems to weaken further before the...

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GBP/USD Forecast: Pound Sterling rises above key level, attracts bulls

After posting small gains on Thursday, GBP/USD gathered bullish momentum and climbed to its highest level in over two weeks at 1.2750 early...

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EUR/USD: Euro touches 1.0600 level on a mild positive mode but further gains are a challenge

The single European currency is trading at the threshold of 1,06 level, maintaining a mild positive momentum during the early hours of Friday morning, but already the disappointing data on retail sales in Germany puts further gains in...

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EUR/GBP seeks protection near 0.8300

EURGBP experienced another failure near its 20- and 50-day simple moving averages (SMAs) earlier this week, increasing concerns that the bad days are not over...

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The weakest economic sentiment this year

3Q24 GDP in Poland was confirmed at 2.7%. The structure came as a surprise with inventories driving the growth and rather muted private consumption and investment...

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