FXStreet Forex News

16 Dec 2024 16:36

Bank of England preview: Christmas pause in cutting cycle

We expect the Bank of England (BoE) to keep the Bank Rate unchanged at 4.75% on Thursday 19 December in line with consensus and market...

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FXStreet Forex News

16 Dec 2024 16:12

China economic and FX outlook: Scenario analysis

With China particularly sensitive to changes in U.S. trade and tariff policy, we find value in laying out scenarios for how China's economy and currency could evolve going...

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FXStreet Forex News

16 Dec 2024 15:52

US S&P Global Manufacturing PMI declines to 48.3 in December, Services PMI improves to 58.5

US S&P Global Composite PMI rose to 56.6 in December's flash estimate from 54.9 in November, showing that the business activity in the US' private sector continued to expand at an accelerating...

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FXStreet Forex News

16 Dec 2024 15:13

Rate cuts all around

The Dollar rallies strongly late last week! Another Engineered Takedown of the...

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FXStreet Forex News

16 Dec 2024 14:52

AUD/USD faces pressure near 0.6380 ahead of flash US PMI, Fed policy in focus

The AUD/USD pair surrenders its intraday gains and turns flat after failing to extend its upside move above 0.6380 in Monday’s North American...

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FXStreet Forex News

16 Dec 2024 14:08

CAD steady but trade tensions weigh – Scotiabank

There is no relenting in the still developing pressure on the Canadian Dollar...

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FXStreet Forex News

16 Dec 2024 14:06

Silver Price Forecast: XAG/USD finds support at $30.30 to trim some losses

Silver Prices (XAG/USD) are trading in a mild positive bias on Monday, trimming some losses after the rejection from levels above $32.00 last...

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FXStreet Forex News

16 Dec 2024 13:59

EUR/USD Price Forecast: Cautious pressure amid looming Federal Reserve

The EUR/USD pair is under mild pressure on Monday as demand for the US Dollar (USD)...

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FXStreet Forex News

16 Dec 2024 13:48

Oil: The final test of the year

The price of a barrel of WTI crude oil fell by 0.7% and was in danger of falling below...

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FXStreet Forex News

16 Dec 2024 13:40

US Dollar mixed as PMI releases shake up markets

The US Dollar (USD) trades slightly lower on Monday after a string of data and headlines that took away the attention from the US Federal Reserve’s rate decision, which will be released later this week on...

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FXStreet Forex News

16 Dec 2024 13:34

US net debt is likely to continue to grow rapidly – Commerzbank

The US current account is in deficit because the US economy constantly imports more than it...

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FXStreet Forex News

16 Dec 2024 13:25

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FXStreet Forex News

16 Dec 2024 13:12

USD/CAD resumes uptrend to test long-term highs at 1.4240

The US Dollar keeps trading firm against its weaker Canadian...

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FXStreet Forex News

16 Dec 2024 12:59

CAD: A few more months until the turnaround – Commerzbank

Given the combination of further rate cuts, a still-weak real economy, risks from US tariffs and a strong US Dollar (USD), expect the Canadian Dollar (CAD) to continue to struggle for several months, Commerzbank’s BoC is expected to end the cut cycle for the time being “In the meantime, we are even trading slightly above our expected peak of 1.41 in the first quarter of 2025 with USD/CAD at...

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FXStreet Forex News

16 Dec 2024 12:38

Downbeat Eurozone projections boost Euro

The last European Central Bank meeting of the year delivered on what most of the market had expected: a 25 basis point cut, and a sombre downgrade of its expectations for Eurozone growth in 2025 and 2026, which Lagarde hinted could be negatively impacted by Trump’s...

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FXStreet Forex News

16 Dec 2024 16:27

China: Growth normalised in November – Standard Chartered

IP growth picked up partly due to base effect; FAI and retail sales growth normalised from October...

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FXStreet Forex News

16 Dec 2024 16:00

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FXStreet Forex News

16 Dec 2024 15:34

NZD/USD Price Forecast: Trades at make or a break near 0.5770

The NZD/USD pair rises to near 0.5785 in Monday’s North American session after refreshing a yearly low near 0.5750 on...

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FXStreet Forex News

16 Dec 2024 15:03

USD/JPY Price Forecast: Soars past 154.00, ignoring upbeat Japanese data

The USD/JPY extended its gains as the Japanese Yen (JPY) remains the laggard in the G10 FX...

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FXStreet Forex News

16 Dec 2024 14:14

GBP outperforms modestly – Scotiabank

Despite some sloppy GDP data for October reported Friday and today’s less than stellar December PMIs, there is little anticipation of any BoE rate action this...

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FXStreet Forex News

16 Dec 2024 14:06

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FXStreet Forex News

16 Dec 2024 14:06

CNY: Yields in free fall – Commerzbank

In China, the significant decline in the current interest rate for 10-year government bonds continues, and today's economic data are not likely to do much to stop this...

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FXStreet Forex News

16 Dec 2024 13:49

USD mixed but retains firm undertone – Scotiabank

The US Dollar (USD) squeezed out a sixth, if marginal, consecutive gain overall on Friday and the Dollar Index (DXY) is tracking marginally higher for a potential seventh to start the week off, Scotiabank’s Chief FX Strategist Shaun Osborne...

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FXStreet Forex News

16 Dec 2024 13:44

Pound higher as Services PMI rises, job report next

The British pound has moved higher on Monday, after declining 1% last...

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FXStreet Forex News

16 Dec 2024 13:35

Tech holds tight, Gold tumbles – Will JJ stuff your stocking?

It’s Fed week…. (yawn). Former Fed members say, ‘Slow...

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FXStreet Forex News

16 Dec 2024 13:26

Five fundamentals for the week: Fed dominates the last full and busy trading week of the year

Christmas is coming – but there's a high likelihood of wild price action before the holiday season...

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FXStreet Forex News

16 Dec 2024 13:25

Santa Claus rally in 2024?

USD: Dec '24 is Up at 106.695. Energies: Jan '25 Crude is Down at...

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FXStreet Forex News

16 Dec 2024 13:09

USD/CNH: Consolidate in recent range – OCBC

USD/CNH firmed but levels remain within recent range. Pair was last at 7.2916 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong...

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FXStreet Forex News

16 Dec 2024 12:42

USD/SGD: Consolidation is likely near term – OCBC

USD/SGD resumed its rise, tracking the move higher in UST yield while weaker JPY and RMB saw negative spillover...

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FXStreet Forex News

16 Dec 2024 12:37

Mexican Peso hovers around 20.00 as the US Dollar pulls back

The Mexican Peso (MXN) opens the week with moderate gains and consolidates near the 20.00...

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