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FXStreet Forex News

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FXStreet Forex News

All eyes on US CPI

The most important data release of the day will be the US November...

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FX option expiries for Dec 11 NY cut

FX option expiries for Dec 11 NY cut at 10:00 Eastern Time via DTCC can be found...

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EUR/USD stays below 1.0550 as traders exercise caution ahead of the US CPI

EUR/USD remains subdued for the fourth consecutive day, trading around 1.0530 during the Asian session on...

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EUR/JPY drops to near 159.50 as traders brace for ECB rate decision

The EUR/JPY cross attracts some sellers to around 159.50 during the early European...

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

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

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GBP/USD steadies near 1.2800 as traders expect BoE to maintain current interest rates

GBP/USD extends its winning streak for the third successive session, trading around 1.2780 during the Asian hours on...

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US CPI inflation set to rebound slightly in November, core to remain high

The US Consumer Price Index (CPI) report for November, a key measure of inflation, will be unveiled on Wednesday at 13:30 GMT by the Bureau of Labor Statistics...

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USD/INR strengthens as new RBI chief spurs rate cut bets

The Indian Rupee (INR) weakens near a record low on Wednesday as the appointment of career bureaucrat Sanjay Malhotra as the next governor of the Reserve Bank of India (RBI) prompted traders to raise their bets on the interest rate...

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Australian Dollar steadies despite a market caution ahead of US CPI

The Australian Dollar (AUD) hovers against the US Dollar (USD) on Wednesday after experiencing losses in the previous...

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PBOC sets USD/CNY reference rate at 7.1843 vs. 7.1896 previous

On Wednesday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1843, as compared to the previous day's fix of 7.1896 and 7.2379 Reuters...

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WTI remains capped below $68.50 on disappointing Chinese data, surprise climb in crude inventories

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $68.20 on...

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EUR/USD retests 1.05 ahead of US CPI inflation, ECB rate call in the barrel

EUR/USD shed close to 0.2% on Tuesday, chalking in a third straight declining trading day and testing down into the 1.0500 handle as the Euro’s near-term bullish recovery fizzles...

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USD/CAD extends upside above 1.4150, all eyes on US CPI data, BoC rate decision

The USD/CAD pair extends the rally to near 1.4180 during the early Asian session on Wednesday, bolstered by the firmer US dollar (USD)...

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USD/CHF holds positive ground above 0.8800 as US CPI data looms

The USD/CHF pair trades in positive territory for the fourth consecutive day around 0.8835 during the early European session on...

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Markets listless ahead of tonight’s US Nov CPI

- Japan’s Nov PPI y/y was the highest since Jun 2023. JPY/USD traced back a small portion of losses suffered since the week began, with 10-yr yields...

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USD/CAD Price Forecast: Bulls turn cautious ahead of US CPI report and BoC decision

The USD/CAD pair edges lower during the Asian session on Wednesday, though it lacks follow-through and remains close to the highest level since April 2020 touched the previous...

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Elliott Wave view: Dow Futures (YM) looking for further upside [Video]

Short Term Elliott Wave in Dow Futures (YM) suggests rally from 11.5.2024 low is in progress as a 5 waves...

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Morning briefing: Euro has a bullish bias towards 1.0600-1.0650

Good Morning! The Dollar Index needs to see a decisive break past 106.75 to head back towards...

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Gold price retreats from over two-week top; bulls turn cautious ahead of US CPI

Gold price (XAU/USD) prolongs its weekly uptrend for the third consecutive day on Wednesday and climbs to a two-and-half-week high during the Asian...

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Oil markets: More sanctions on Russian Oil on the way

Oil markets have been under significant pressure lately due to anticipated supply gluts and China's accelerating transition to electric vehicles...

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Silver Price Forecast: XAG/USD rises above $32.00 toward monthly highs

Silver price (XAG/USD) extends its gains for the third successive session, trading around $32.00 during the Asian hours on...

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Japanese Yen sticks to stronger PPI-led modest gains; lacks follow-through buying

The Japanese Yen (JPY) edges higher during the Asian session on Wednesday as a stronger Producer Price Index (PPI) from Japan keeps the door open for a December interest rate hike by the Bank of Japan...

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NZD/USD holds below 0.5800 as traders brace for US CPI release

The NZD/USD pair trades on a softer note around 0.5795 during the Asian session on...

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FXStreet Forex News

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FXStreet Forex News

Preparing for an inflation uptick

US stocks paused on Tuesday, with investors treading cautiously on the eve of a critical consumer inflation report that could dictate the Federal Reserve's next move on interest...

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GBP/USD tries to push north through near-term congestion

GBP/USD found some room on the high side on Tuesday, gaining almost 0.2% and inching back toward the 1.2800 handle, grasping for the key price level that has flummoxed bullish momentum in recent...

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Silver Price Forecast: XAG/USD nears $32 hurdle amid Fed rate cut speculation

Silver price climbed some 0.19% on Tuesday yet failed to clear the $32.00 hurdle after hitting a three-week high of $32.27 at the beginning of the...

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