FXStreet Forex News

16 Dec 2024 04:02

EUR/USD wavers: A tough road ahead for the bulls

Looking at the 4-hour chart, the pair traded below a connecting bullish trend line with support at...

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FXStreet Forex News

16 Dec 2024 03:29

Japanese Yen drops to three-week low, around 154.00 against USD

The Japanese Yen (JPY) struggles to capitalize on a modest Asian session uptick on Monday and touches a three-week low against its American counterpart in the last...

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FXStreet Forex News

16 Dec 2024 03:08

China’s NBS: Economy generally stable in Nov, sees increasing positive changes

Following the publication of the high-impact China’s activity data for November, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on...

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FXStreet Forex News

16 Dec 2024 02:16

PBOC sets USD/CNY reference rate at 7.1882 vs. 7.1876 previous

On Monday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1882, as compared to Friday's fix of 7.1876 and 7.2769 Reuters...

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FXStreet Forex News

16 Dec 2024 02:12

EUR/USD holds ground above 1.0500 as looming Fed decision

EUR/USD starts the week by extending its gains, trading around 1.0520 during the Asian session on...

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FXStreet Forex News

16 Dec 2024 01:50

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FXStreet Forex News

16 Dec 2024 01:46

China's GDP growth estimated around 5% this year, senior official says

The deputy director of China's central financial and economic affairs commission said on Saturday that the country's economy is estimated to grow by about 5% this year, per...

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FXStreet Forex News

16 Dec 2024 01:26

The golden cycle: Insights into Gold's long-term trends and near-term potential

The Golden Cycle: Insights into Gold's Long-Term Trends and Near-Term Potential Gold (XAU/USD) has had a rich and intricate long-term price cycle since...

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FXStreet Forex News

16 Dec 2024 00:32

South Korean parliament votes to impeach president Yoon over martial law attempt

On Sunday, South Korea’s parliament voted to impeach President Yoon Suk Yeol following his fleeting failed attempt to impose martial law in early December, per...

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FXStreet Forex News

16 Dec 2024 00:19

The weekender: As bond markets recalibrate, TINA still stands tall

Despite a U.S. equity market wobble, TINA still stands...

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FXStreet Forex News

16 Dec 2024 00:16

Weekly column: Market reversal echoes 2018 under astrological alignments

A measure of wholesale prices rose more than expected in November as questions percolated over whether progress in bringing down inflation has...

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FXStreet Forex News

15 Dec 2024 23:58

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FXStreet Forex News

15 Dec 2024 22:00

Is it the season for rate cuts?

As economic data continues to confirm that the inflation problem is more or less over, there is no longer a need for central banks to maintain restrictive levels of interest rates. Hence, this has been a week of rate cuts, and we expect next week to be the same – with some important nuances and exceptions.

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FXStreet Forex News

15 Dec 2024 11:01

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FXStreet Forex News

14 Dec 2024 15:00

Review the last week main economic events and and prepare for what's ahead

This last week has been a tail of two US inflation reports. The CPI was seen as benign enough to almost guarantee a rate cut at next week’s Fed meeting. There is a 96% chance of a cut priced in by the market right now. However, the stronger than expected PPI report on Thursday and the surge in jobless claims muddied the waters on the outlook for Fed rate cuts and the outlook for future US growth.

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FXStreet Forex News

16 Dec 2024 03:37

China stimulus effect cools as calls for helicpoter drops grow louder

China's retail sector hit a speed bump in November, with sales growth cooling to a tepid 3% year-over-year, the slowest pace in three months and a stark drop from October's 4.8%...

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FXStreet Forex News

16 Dec 2024 03:13

Australian Dollar remains steady following the release of Chinese key data

The Australian Dollar (AUD) halts its four-day losing streak on Monday as the US Dollar (USD) edges lower amid tepid US Treasury yields ahead of the Federal Reserve’s (Fed) interest rate decision set for...

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FXStreet Forex News

16 Dec 2024 03:02

China’s November Retail Sales rise 3.0%, Industrial Production up 5.4%

China’s November Retail Sales increased 3.0% year-on-year (YoY)...

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FXStreet Forex News

16 Dec 2024 02:12

GBP/USD edges higher to 1.2630, looks to UK/US PMIs for some impetus

The GBP/USD pair ticks higher at the start of a busy week and for now, seems to have snapped a three-day losing streak to the 1.2600 neighborhood, or over a two-week low touched on...

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FXStreet Forex News

16 Dec 2024 02:08

Gold Price Forecast: XAU/USD holds steady below $2,650 ahead of US PMI data

The Gold price (XAU/USD) trades flat around $2,650 during the early Asian session on...

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FXStreet Forex News

16 Dec 2024 01:50

Asia market open: Investors eye bull run extension amid global monetary easing wave

Asia is set to launch the final comprehensive trading week of 2024 with the pivotal 'China data dump' on Monday, setting the stage for what promises to be a dynamic close to the...

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FXStreet Forex News

16 Dec 2024 01:32

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FXStreet Forex News

16 Dec 2024 01:06

Israel approves plan to expand Golan Heights settlement, cites threats from Syria

Israel's government approved a plan to double its population on the occupied Golan Heights on Sunday, citing threats from Syria, per...

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FXStreet Forex News

16 Dec 2024 00:21

How close SPY top?

S&P 500 did retrace some of Thursday‘s decline, providing opportunity to cash in swing gains on the long side, and as well to benefit mightily in intraday terms via S&P 500 and Russell 2000 intraday...

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FXStreet Forex News

16 Dec 2024 00:18

ECB’s Holzmann: It’s not the job of the ECB to boost the economy

The European Central Bank (ECB) Governing Council member Robert Holzmann said on Friday that it would be wrong for the ECB to cut interest rates with the sole purpose of boosting the economy, per...

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FXStreet Forex News

16 Dec 2024 00:09

Australia's Judo Bank Manufacturing PMI eases to 48.2 in December, Services PMI declines to 50.4

The preliminary reading of Australia's Judo Bank Manufacturing Purchasing Managers Index (PMI) eased to 48.2 in December from 49.4 in November, the latest data published by Judo Bank and S&P Global showed on...

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FXStreet Forex News

15 Dec 2024 23:58

AUD/USD extends the decline to near 0.6350 as Fed rate decision looms

The AUD/USD pair extends its downside to near 0.6355 during the early Asian session on Monday, pressured by the firmer...

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FXStreet Forex News

15 Dec 2024 18:00

Fed’s interest rate decision in focus

The bank is expected to cut rates by 25 basis points and pause rate cuts in its next meeting. Hence we place substantial attention on the bank’s forward guidance which is to be included in the accompanying statement and Fed Chairman Powell’s press conference later on. Also the bank’s macroeconomic projections and new dot plot are to affect the market’s reaction.

🗓 Get ready for the coming week!

FXStreet Forex News

14 Dec 2024 19:02

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FXStreet Forex News

14 Dec 2024 11:00

Four key economic events to follow next week

This week, central banks around the globe made significant monetary policy decisions. While the Reserve Bank of Australia maintained its interest rate, the Bank of Canada, the Swiss National Bank, and the European Central Bank all implemented rate cuts.

Let's take a closer look at what to expect in the coming week 🔎