FXStreet Forex News

12 Dec 2024 02:38

AUD/JPY gathers strength to near 97.50 as Australia's Unemployment Rate falls in November

The AUD/JPY cross gathers strength to around 97.40 during the Asian session on...

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FXStreet Forex News

12 Dec 2024 02:16

PBOC sets USD/CNY reference rate at 7.1854 vs. 7.1843 previous

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1854, as compared to the previous day's fix of 7.1843 and 7.2438 Reuters...

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FXStreet Forex News

12 Dec 2024 01:11

Chinese policymakers are considering a weaker Yuan as Trump trade risks loom

On Wednesday, China’s top leaders and policymakers are considering letting the Chinese Yuan fall to weather what is likely to be a sharp hike in tariffs, per...

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FXStreet Forex News

12 Dec 2024 00:38

EUR/USD trudges lower ahead of ECB rate call

EUR/USD fell for a fourth straight day on Wednesday, shedding one quarter of one percent and easing into the 1.0500 handle as the European Central Bank’s (ECB) latest rate call hangs over Fiber...

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FXStreet Forex News

12 Dec 2024 00:05

AUD/USD weakens below 0.6400 ahead of Australian employment data

The AUD/USD pair remains on the defensive near 0.6370 after bouncing off a fresh year-to-date (YTD) low of...

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FXStreet Forex News

11 Dec 2024 21:45

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FXStreet Forex News

11 Dec 2024 20:36

Dow Jones Industrial Average treads water after US CPI meets expectations

The Dow Jones Industrial Average (DJIA) spun in a tight circle on Wednesday, keeping close tabs on the 44,200 level after US Consumer Price Index (CPI) inflation broadly met market...

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FXStreet Forex News

11 Dec 2024 19:36

December Flashlight for the FOMC Blackout Period

We expect the FOMC will reduce the federal funds rate by 25 bps at the conclusion of its upcoming meeting on December 18 while simultaneously emphasizing that future rate cuts will be slower-going and dependent on incoming...

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FXStreet Forex News

11 Dec 2024 19:01

Canadian Dollar bucks post-BoC rate cut

The Canadian Dollar (CAD) bounced on Wednesday, regaining one-fifth of one percent against the Greenback and meagerly recovering from recent...

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FXStreet Forex News

11 Dec 2024 18:17

SPX: Market has a bad brea(d)th

TOP PANEL: SPX & Volatility Stops BOTTOM PANEL: % of SPX stocks > 20 MA , NYSE A/D line Section 1: The market has bad brea(d)th When it comes to the market’s foundation, things aren’t looking as strong as they...

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FXStreet Forex News

11 Dec 2024 17:42

Gold price rises as US inflation data supports further Fed easing

Gold prices prolonged their uptrend on Wednesday following the release of inflation figures in the United States...

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FXStreet Forex News

11 Dec 2024 16:24

The Dollar continues to defy the data

The Dollar continues to defy the data, and rally. Consumer Debt explodes higher! Good...

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FXStreet Forex News

11 Dec 2024 16:16

Silver: Little room for a mistake – TDS

Only about 90mn oz of Silver remains available in the LBMA's 'free float' before it grinds down below levels required to satisfy OTC average daily trading volumes, TDS’ Senior Commodity Strategist Daniel Ghali...

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FXStreet Forex News

11 Dec 2024 15:52

Breaking: BoC lowers policy rate by 50 bps to 3.25% as expected

The Bank of Canada (BoC) will announce its decision on monetary policy on...

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FXStreet Forex News

11 Dec 2024 15:35

Silver Price Forecast: XAG/USD rebounds from $31.60 as sticky US CPI boosts Fed rate cut bets

Silver price (XAG/USD) finds buying interest near the intraday low of $31.60 in Wednesday’s North American session after the release of the United States (US) Consumer Price Index (CPI) data for...

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FXStreet Forex News

12 Dec 2024 02:17

Australian Dollar remains stronger after the release of employment data

The Australian Dollar (AUD) halts its two days of losses against the US Dollar (USD) on...

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FXStreet Forex News

12 Dec 2024 01:36

Breaking: Australia’s Unemployment Rate declines to 3.9% in November vs. 4.2% expected

Australia’s Unemployment Rate came in at 3.9% in November, compared with the previous figure of 4.1%, according to the official data released by the Australian Bureau of Statistics (ABS) on...

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FXStreet Forex News

12 Dec 2024 00:58

NZD/USD posts modest gains to near 0.5800 as Trump trade risks loom

The NZD/USD pair trades with mild gains around 0.5790 during the early Asian session on...

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FXStreet Forex News

12 Dec 2024 00:27

GBP/USD sticks to midrange post-US CPI inflation

GBP/USD went nowhere quickly on Wednesday, churning near 1.2750 after US Consumer Price Index (CPI) figures for November widely met median market...

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FXStreet Forex News

11 Dec 2024 23:29

Crude Oil rises on Wednesday, WTI taps $70 per barrel

West Texas Intermediate (WTI) Crude Oil prices rallied on Wednesday, jumping around 2.75% and clipping into $70 per barrel after the Energy Information Administration (EIA) reported a steeper drawdown in US Crude Oil reserves than energy traders...

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FXStreet Forex News

11 Dec 2024 21:45

Forex Today: Market players eye Australia’s jobs data, ahead of US PPI and jobless claims

The US Dollar surges as inflation data in the United States holds steady, with traders anticipating a quarter-point interest rate cut by the Federal Reserve next...

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FXStreet Forex News

11 Dec 2024 20:28

Mexican Peso strengthens as US CPI supports Fed rate cut speculation

The Mexican Peso extended its gains on Wednesday after US economic data showed that November inflation was aligned with estimates, cementing the case for an interest rate cut by the Federal Reserve...

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FXStreet Forex News

11 Dec 2024 19:33

Bank of Canada delivers again

The Bank of Canada (BoC) delivered a large 50 bps rate cut for the second meeting in a row at today's announcement, lowering its policy rate to...

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FXStreet Forex News

11 Dec 2024 18:29

Gold Price Forecast: XAU/USD extends rally above $2,700

Gold is among the best performers against the US Dollar (USD) on Wednesday, changing hands at around $2.712 a troy ounce in the American...

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FXStreet Forex News

11 Dec 2024 18:03

Rate cut expectations weigh on the euro

While the Nasdaq 100 is surging again today, the euro is in retreat ahead of tomorrow’s expected ECB rate cut, says Chris Beauchamp, Chief Market Analyst at online trading platform...

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FXStreet Forex News

11 Dec 2024 16:24

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FXStreet Forex News

11 Dec 2024 16:18

Japanese Yen loses ground on shifting interest rate expectations

The Japanese Yen has lost 2.3% against the US dollar since the end of last week, roughly twice as much as the rise in the dollar index against a basket of six developed market...

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FXStreet Forex News

11 Dec 2024 15:57

November CPI: Going nowhere fast

November's CPI report delivered more evidence that progress in lowering inflation has...

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FXStreet Forex News

11 Dec 2024 15:45

Breaking: BoC cuts policy rate by 50 bps to 3.25% as expected

The Bank of Canada (BoC) will announce its decision on monetary policy on...

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FXStreet Forex News

11 Dec 2024 15:30

OPEC slashes Oil demand forecasts on weak economic outlook

The Organization of Petroleum Exporter Countries and its allies, known as OPEC+, updated its forecast, expecting less demand for Crude due to the ongoing economic slowdown in China, India, and other...

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