FXStreet Forex News

02 Dec 2024 04:09

Morning briefing: Euro faces stiff resistance, upside potential limited

Good Morning! The Dollar Index can bounce back towards 107-108 in the near term while above...

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FXStreet Forex News

02 Dec 2024 03:43

EUR/USD turning point: Will 1.0650 unleash the bulls?

Looking at the 4-hour chart, the pair surpassed a connecting bearish trend line with resistance at 1.0520 on the same...

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FXStreet Forex News

02 Dec 2024 02:47

China's Caixin Manufacturing PMI jumps to 51.5 in November vs. 50.5 expected

China's Caixin Manufacturing Purchasing Managers' Index (PMI) jumped to 51.5 in November after recording 50.3 in October, the latest data showed on...

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FXStreet Forex News

02 Dec 2024 02:17

BoJ's Ueda: Wage trends key to possible rate hike

Bank of Japan (BoJ) Governor Kazuo Ueda said on Saturday that the next interest rate hikes are "nearing in the sense that economic data are on track, per...

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FXStreet Forex News

02 Dec 2024 02:08

Another BRICS in the trade war wall

As the new trading week dawns, all eyes are fixed on the dollar, particularly its traction against the currencies of emerging...

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FXStreet Forex News

02 Dec 2024 01:38

Australia’s Retail Sales climb 0.6% MoM in October vs. 0.3% expected

Australia’s Retail Sales, a measure of the country’s consumer spending, climbed 0.6% MoM in October, compared to a rise of 0.1% in September, the official data published by the Australian Bureau of Statistics (ABS) showed on...

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FXStreet Forex News

02 Dec 2024 01:20

Gold Price Forecast: XAU/USD holds below $2,650 on US Dollar rebound

Gold price (XAU/USD) edges lower to around $2,645 during the early Asian session on...

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FXStreet Forex News

02 Dec 2024 00:58

All that glitters is Gold: Bullish trend emerging

Gold (XAU/USD) has been showing promising signs of bullish...

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FXStreet Forex News

02 Dec 2024 00:50

Weekly column: Trickster timing and sudden market reversals

U.S. stocks posted their biggest monthly gains this year in November, as chip stocks rallied on...

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FXStreet Forex News

02 Dec 2024 00:43

World Trade War II: “Go find another sucker” Trump warns the BRICS crew

The global trade arena is bracing for impact as Donald Trump gears up to take the presidential oath this January, heralding what many fear could be the dawn of World Trade War...

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FXStreet Forex News

02 Dec 2024 00:28

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FXStreet Forex News

02 Dec 2024 00:06

AUD/USD softens to near 0.6500 ahead of Australian Retail Sales data

The AUD/USD pair weakens to near 0.6510 despite the renewed US Dollar demand during the early Asian session on...

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FXStreet Forex News

01 Dec 2024 20:02

Eurozone inflation ticks up, but ‘core’ is stable

The Eurozone’s inflation rate increased to 2.3% in November, with ‘core’ stable at 2.7%. Some upward pressure on prices is likely to remain in December, but weak eurozone demand will be a key driver for softer inflation next year.

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FXStreet Forex News

01 Dec 2024 11:01

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FXStreet Forex News

30 Nov 2024 21:01

Think ahead: Huddle – We need to talk about the fifth quarter

James Smith reckons American football offers the perfect analogy for central banks. Only problem? He hasn’t the foggiest idea how the sport works. Take a time out, grab yourself a corndog and read on as he and the rest of the team look ahead to another important week for financial markets.

Keep you updated! 🔥🔎

FXStreet Forex News

02 Dec 2024 04:02

Japanese Yen retreats sharply against USD from a multi-week high touched on Friday

The Japanese Yen (JPY) drifts lower against its American counterpart at the start of a critical week and reverses a part of Friday's strong move up to the highest level since October...

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FXStreet Forex News

02 Dec 2024 03:00

EUR/USD tumbles below 1.0550 as traders await ECB’s Lagarde speech, US PMI data

The EUR/USD pair faces some selling pressure to around 1.0530 amid the firmer US Dollar (USD) during the early Asian trading hours on...

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FXStreet Forex News

02 Dec 2024 02:21

GBP/USD retreats from multi-week top, slides below 1.2700 on stronger USD

The GBP/USD pair attracts some sellers on the first day of a new week and reverses a major part of Friday's positive move to mid-1.2700s, or a nearly three-week...

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FXStreet Forex News

02 Dec 2024 02:16

PBOC sets USD/CNY reference rate at 7.1865 vs. 7.1877 previous

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Monday at 7.1865, as compared to Friday's fix of...

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FXStreet Forex News

02 Dec 2024 01:38

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FXStreet Forex News

02 Dec 2024 01:34

Trump threatens BRICS nations with 100% tariffs if they try to replace US Dollar

US President-elect Donald Trump wrote on his social media platform, Truth Social, on Saturday, demanding the BRICS countries use the US Dollar (USD) as their reserve currency and threatened to impose a 100% tariff if they supported another currency to replace the USD, per...

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FXStreet Forex News

02 Dec 2024 01:07

Silver springs back: A shiny rebound from key support

Current trend: Silver remains neutral to slightly upside-biased, fluctuating near the 100-day Simple Moving Average...

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FXStreet Forex News

02 Dec 2024 00:53

Roadmap for fine gains

S&P 500 delivered on my Thanksgiving and Friday‘s expectations by holding up and rising, with Russell 2000 joining in – another great day for clients swing and intraday...

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FXStreet Forex News

02 Dec 2024 00:48

The weekender: America first

Stocks climbed in a holiday-thinned, shortened session on Friday, propelling major indexes to record highs as investors revelled in a month brimming with robust gains, fueled by a convincing post-election...

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FXStreet Forex News

02 Dec 2024 00:31

Week ahead: US jobs data in focus

The first full week of December places the spotlight on US jobs...

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FXStreet Forex News

02 Dec 2024 00:28

Russian and Syrian airstrikes hit Aleppo and Idlib as rebels take control

Russian and Syrian jets have carried out a series of air strikes on Syrian rebels who are advancing through the country after seizing its second-largest...

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FXStreet Forex News

01 Dec 2024 23:12

China's NBS Manufacturing PMI rises to 50.3 in November, Non-Manufacturing PMI eases to 50.0

China’s official Manufacturing Purchasing Managers' Index (PMI) rose to 50.3 in November, compared to 50.2 in the previous...

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FXStreet Forex News

01 Dec 2024 16:00

October’s US employment report in focus

For the USD on a fundamental level, we note the Trump effect as the key driver for its direction, despite Donald trump not having assumed office yet. Trump’s pick for the Treasury Secretary, Scott Bessent, 62, hedge fund manager, may have been the main headline over Trump’s picks in his new Government, in the past week.

Gear up for next week! 💥

FXStreet Forex News

01 Dec 2024 07:01

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FXStreet Forex News

30 Nov 2024 17:01

Week ahead – Traders lock gaze on NFP after Thanksgiving holiday

The US dollar took a breather this week, pulling back even after being temporarily boosted by US President-elect Donald Trump’s tariff threats on Canada, Mexico and China. Perhaps traders decided to capitalize on their previous Trump-related long positions heading into the Thanksgiving Holidays and ahead of next week’s all-important data releases.

NFP and ISM PMIs to shape Fed expectations 🎯