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FXStreet Forex News

Relaxed into French no-confidence vote

South Korea briefly stole the light from the French political chaos after President Yoon suddenly imposed the martial law yesterday accusing the opposition party – which holds the majority in the parliament – of paralysing his administration, only to lift it a few hours...

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French politics in limbo as Barnier faces no-confidence vote

The no-confidence vote against French PM Michel Barnier is set to take center stage and is scheduled this afternoon at 16:00...

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South Korean opposition parties submit impeachment bill against President Yoon, KRW rebounds

Reuters is carrying a story on Wednesday, citing that South Korean opposition parties submitted an impeachment bill against President Yoon Suk...

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Focus moves to US Nov ISM services PMI, Fed Chair Powell

Asia market update: Asia risk-off as Geopolitics dominates markets; Weak AU GDP; Focus moves to US Nov ISM Services PMI, Fed Chair...

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FX option expiries for Dec 4 NY cut

FX option expiries for Dec 4 NY cut at 10:00 Eastern Time via DTCC can be found...

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Morning briefing: Euro is likely to fall back towards 1.0400

Good Morning! The Dollar Index looks bullish towards 107-108 in the near term while above...

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Gold Price Forecast: XAU/USD awaits Fed Chair Powell’s speech for a fresh directional impetus

Gold price is holding onto minor bids early Wednesday, struggling to build on the previous bounce, anticipating a fresh batch of top-tier US economic data releases and Federal Reserve (Fed) Chairman Jerome Powell’s...

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Gold price remains confined in a familiar range; looks to Fed’s Powell for fresh impetus

Gold price (XAU/USD) extends its consolidative price move on Wednesday and oscillates in a narrow range below the $2,650 level during the Asian...

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USD/JPY impulsive decline favors more downside [Video]

Short Term Elliott Wave structure in USD/JPY suggests that rally to 156.76 ended wave...

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Bank of Korea: Deploy measures to stabilize FX market as needed, USD/KRW defends 1,400

Bank of Korea (BoK), the South Korean central bank, said on Wednesday that it will “deploy various measures to stabilize the FX market as...

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China’s Caixin Services PMI drops to 51.5 to in November vs. 52.5 expected

China's Services Purchasing Managers' Index (PMI) declined to 51.5 in November from 52.0 in October, according to the latest data published by Caixin on...

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Australian Treasurer Chalmers sees positive but weak GDP growth in today's national accounts

Australia Treasurer Jim Chalmers said on Wednesday that the national accounts show positive but weak Gross Domestic Product (GDP)...

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PBOC sets USD/CNY reference rate at 7.1934 vs. 7.1996 previous

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Wednesday at 7.1934, as compared to the previous day's fix of...

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Breaking: Australian Gross Domestic Product expands 0.3% QoQ in Q3 vs. 0.4% expected

Australia will release Gross Domestic Product (GDP) figures for the third quarter (Q3) on...

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GBP/USD Price Forecast: Bearish bias remains unchanged below 1.2700

The GBP/USD pair trades in positive territory for the second consecutive day around 1.2690 during the early European session on...

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AUD/JPY Price Forecast: Recovers after intraday slump to sub-96.00 levels, bearish bias remains

The AUD/JPY cross dropped to its lowest level since September 18 during the Asian session on Wednesday as softer Australian GDP print lifted bets for an early interest rate cut by the Reserve Bank of Australia...

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Nordic outlook: More growth, new risks

Recent political events have not made the world easier to navigate for businesses, investors and other...

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Sports betting stocks score in November as DraftKings, Flutter surge

DraftKings and Flutter Entertainment stocks have gained more than 20% over the past...

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

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

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NZD/USD rebounds slightly from one-week low, still deep in the red around mid-0.5800s

The NZD/USD pair attracts fresh sellers following the previous day's good two-way price move and drops to a one-week low during the Asian session on...

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ECB’s Holzmann: 25 bps rate cut is conceivable in December, not more.

European Central Bank (ECB) policymaker Robert Holzmann said on Wednesday that a “25 basis points (bps) rate cut is conceivable in December, not more.” Additional quotes Nothing decided on next rate move, will depend on data available at December...

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USD/INR holds steady as traders await Indian Services PMI release

The Indian Rupee (INR) trades on a flat note on Wednesday after reaching its all-time low in the previous...

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USD/CAD consolidates near weekly high, around 1.4070 as traders await Powell’s speech

The USD/CAD pair struggles to capitalize on its gains registered over the past two days and oscillates in a range, around the 1.4070 area during the Asian session on...

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Australian Dollar seems vulnerable after weaker domestic GDP and China's Services PMI

The Australian Dollar (AUD) moves lower in reaction to weaker domestic Gross Domestic Product (GDP) growth...

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Fed's Goolsbee: Rates need to come down a fair amount over next year

Chicago Federal Reserve President Austan Goolsbee said on Tuesday said he sees interest rates needing to come down a "fair amount" over the next year as rates remain in restrictive policy, per...

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Breaking: Australian Gross Domestic Product rises 0.3% QoQ in Q3 vs. 0.4% expected

Australia will release Gross Domestic Product (GDP) figures for the third quarter (Q3) on...

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Japanese Yen struggles to gain ground ahead of Jibun Bank Services PMI data

The Japanese Yen (JPY) trades in negative territory on...

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