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FXStreet Forex News

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Australian Dollar trades lower as markets brace for hawkish cut

The Australian Dollar approaches 0.6300, weighed by broad risk aversion ahead of the Federal Reserve’s (Fed) policy announcement and lingering China-related...

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US Dollar drifts as Fed decision looms

The US Dollar Index, which measures the value of the USD against a basket of currencies, trades neutrally near the 107.00 mark on Wednesday as it consolidates ahead of the Federal Reserve (Fed) interest rate...

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Gold price dips ahead of key Federal Reserve decision

Gold price extended its downtrend for the second consecutive day as traders brace for the Federal Reserve (Fed) monetary policy...

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Dow gains ahead of Fed decision

Traders await this evening’s Fed decision with some trepidation, but Wall Street has managed to make gains so far today, says Chris Beauchamp, Chief Market Analyst at online trading platform...

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U.S.: More growth, more inflation and fewer rate cuts – National Bank of Canada

The latest U.S. data suggest that the economy will end the year on a high...

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GBP/JPY: Ahead of central banks meetings and afterwards

On Wednesday, the focus of market participants will be the publication (at 19:00 GMT) of the Federal Reserve’s interest rate...

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Silver Price Forecast: XAG/USD slumps to near $30.30 amid uncertainty ahead of Fed policy meeting

Silver price (XAG/USD) falls to near $30.30 in the North American session on...

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UK inflation jumps to 8-month high, Pound shrugs

British pound is showing little movement on Wednesday. Early in the North American session, GBP/USD is trading at 1.2679, down 0.07% on the...

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Equities report: Fed decision and inflation data to wrap up 2024

Major US stock market indexes and in particular, the NASDAQ 100 and S&P 500 appear to be moving in an upwards fashion for the...

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USD/JPY: BoJ in focus tomorrow – OCBC

Consensus leans towards no move while we stuck to our view for a hike. Typically, BoJ MPC decision can matter for USD/JPY but this time, the USD/JPY may also matter for BoJ given the >3% decline in JPY...

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US Housing Starts decline 1.8 in November, Building Permits rise 6.1%

Housing Starts in the US declined 1.8% in November to 1.289 million units, the monthly data published by the US Census Bureau revealed on...

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USD mixed ahead of Fed – Scotiabank

The US Dollar (USD) is narrowly mixed ahead of the outcome of the Fed policy decision later today. DXY gains through 107.15 should trigger another leg up in the index, Scotiabank’s Chief FX Strategist Shaun Osborne...

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The commodities feed: WTI holds at $70/bbl

The oil market has steadied after falling for two consecutive sessions as the latest inventory numbers from the American Petroleum Institute (API) remain largely...

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Breaking: Fed cuts interest rate by 25 bps to 4.25%-4.5% in December as expected

The US Federal Reserve (Fed) will announce monetary policy decisions following the December policy meeting on...

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Mexican Peso regains ground ahead of Fed and Banxico meeting

The Mexican Peso recovered some ground against the US Dollar on Wednesday as market participants await the Federal Reserve’s (Fed) monetary policy...

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FXStreet Forex News

It's FOMC day

Good day... And a Wonderful Wednesday to one and all! Well, tomorrow I finally go to Houston, to MD Anderson Cancer...

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Gold Price Forecast: XAU/USD near weekly lows ahead of Fed

Speculative interest holds its breath on Wednesday, resulting in little action across the FX...

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EUR/USD Price Analysis: Pair hovers near 1.0500, lacking momentum ahead of Fed decision

The EUR/USD pair remains in a holding pattern on Wednesday, hovering near the 1.0500...

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FXStreet Forex News

Housing starts declined in November

Total housing starts declined 1.8% during November. The unexpected drop was mostly owed to a sharp fall in multifamily...

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GBP/USD Price Forecast: Dips under 1.2700 despite hot UK inflation

The Pound Sterling lost some ground against the US Dollar on Wednesday even though UK inflation data for November was higher than in the previous...

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FOMC surprise move

S&P 500 saw intraday rallies being sold into, and that included tech as well – the sectors picked seeing most inflows last few...

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CAD holds near low for now – Scotiabank

There is an uncomfortable mix of internal and external uncertainties facing the Canadian Dollar (CAD) right now. The charts suggest no relief for the CAD, Scotiabank’s Chief FX Strategist Shaun Osborne...

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GBP pressures resistance in low 1.27s – Scotiabank

UK inflation data reflected the expected pick up in prices in November. The Pound Sterling (GBP) picked up a little support over the course of European trade but Cable is finding it difficult to hold gains through the low 1.27s, Scotiabank’s Chief FX Strategist Shaun Osborne...

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FXStreet Forex News

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FXStreet Forex News

USD/CHF Price Forecast: Rotates near key supply zone ahead of Fed policy

The USD/CHF pair moves slightly higher to near 0.8945 in the North American session ahead of the Federal Reserve’s (Fed) monetary policy meeting at 20:00...

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EUR/GBP gives away gains, retreats to 0.8250 on dovish ECB

The Euro has given away previous gains and is practically unchanged on the daily chart as ECB speakers, Lane and Wunsch have hinted at further rate cuts by the European Central...

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US Dollar flattens ahead of last Fed meeting for 2024

The US Dollar (USD) consolidates on Wednesday, with the DXY Index hovering around 107.00, in the runup to the Federal Open Market Committee (FOMC) interest-rate...

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