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FXStreet Forex News

All eyes on CPI

Today’s US CPI print for November is pivotal for markets. It is expected to show a 0.3% MoM gain for headline inflation, the annual rate is expected to rise to 2.7% from 2.6%, while the annual rate of core inflation is expected to remain at...

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Pound Sterling trades lackluster against US Dollar as US inflation data looms

The Pound Sterling (GBP) trades in a tight range near 1.2750 against the US Dollar (USD) in Wednesday’s European...

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Forex Today: US CPI data and BoC rate decision to lift market volatility

Here is what you need to know on Wednesday, December 11: The US Dollar (USD) stays resilient against its major rivals early Wednesday, with the USD Index holding comfortably above...

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EUR/GBP remains weak below 0.8250 ahead of ECB rate decision

The EUR/GBP cross remains on the defensive near 0.8245 during the early European trading hours on...

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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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AUD/JPY moves below 96.50 due to market caution, robust Japan’s PPI

AUD/JPY continues to lose ground for the second successive day, trading around 96.30 during early European hours on...

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Today’s eco calendar is compact, but interesting with November US CPI inflation

German Bunds outperformed US Treasuries and UK Gilts yesterday as we approach final policy meetings of respective central banks which are set to widen their diverging...

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WTI continue to rise toward $69.00 due to improved demand outlook in China

West Texas Intermediate (WTI) Oil price extends its gains for the third successive session, trading around $68.80 per barrel during Asian hours on...

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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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