FXStreet Forex News

20 Dec 2024 11:41

Volatility expected amid triple witching for options

EU mid-market update: Selloff maintained as partial US govt shutdown looks likely; Volatility expected amid triple witching for...

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FXStreet Forex News

20 Dec 2024 11:17

The commodities feed: Stronger USD prompts Oil sell-off

Crude oil extended its fall in the early trading session today as broader market concerns have weighed on the complex, while a stronger dollar has also added further...

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FXStreet Forex News

20 Dec 2024 11:09

GBP/USD: Weigh by vote split – OCBC

The Pound Sterling (GBP) fell on surprise BoE vote split even as BoE keeps policy rate on hold at 4.75%. MPC voted 6-3 to keep rates on hold. Deputy Governor Dave Ramsden, Swati Dhingra and Alan Taylor all voted to cut by 25bp. The GBP/USD was last seen at...

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FXStreet Forex News

20 Dec 2024 11:03

USD/JPY: BoJ verbal intervention – OCBC

USD/JPY rose sharply after BoJ kept policy rate on hold yesterday. USD/JPY’s rise can also be attributed to the rise in UST yields as Fed guided for slower pace of rate cuts. The pair was last seen at 156.71. Back to BoJ, Governor Ueda’s remarks seem more cautious and appear to be ‘buying...

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FXStreet Forex News

20 Dec 2024 10:45

DXY: All eyes on the core PCE report – OCBC

US Dollar (USD) continues to trade near its 2-year highs. Dollar Index (DXY) was last seen at 108.23, OCBC’s FX analysts Christopher Wong...

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FXStreet Forex News

20 Dec 2024 10:42

Metals: Indonesia mulls mining cuts – ING

Indonesia is considering implementing deep cuts to the nickel mining quota primarily to support the falling prices of the battery metal, ING’s commodity analysts Ewa Manthey and Warren Patterson...

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FXStreet Forex News

20 Dec 2024 10:39

Asian central banks are ‘leaning against the wind’ – OCBC

Most Asian FX are trading near their respective lows against the US Dollar...

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FXStreet Forex News

20 Dec 2024 10:30

Silver price today: Silver falls, according to FXStreet data

Silver prices (XAG/USD) fell on Friday, according to FXStreet...

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FXStreet Forex News

20 Dec 2024 10:19

Brent Oil under pressure again: USD and China in focus

Brent crude oil prices fell below 73 USD per barrel on Friday, reflecting ongoing downward...

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FXStreet Forex News

20 Dec 2024 10:03

AUD/USD remains close to multi-year low, holds above 0.6200 ahead of US PCE data

The AUD/USD pair attracts some dip-buyers near the 0.6215 area on Friday and turns positive for the second successive day on Friday, though it lacks bullish...

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FXStreet Forex News

20 Dec 2024 09:43

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FXStreet Forex News

20 Dec 2024 09:42

Have you already done Christmas shopping?

This is the last CEE Daily this year. Next will be released on January 7,...

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FXStreet Forex News

20 Dec 2024 09:14

Pound Sterling attempts to gain ground after UK Retail Sales data

The Pound Sterling (GBP) attempts to recover against its major peers on Friday after the release of the United Kingdom (UK) Retail Sales data for November, which rose less than...

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FXStreet Forex News

20 Dec 2024 08:43

BoE’s 6-3 vote for a hold yesterday was a tighter call than it appeared

Front end US yields returned a few bps of the sharp Fed-induced gains yesterday but the long end extended its march...

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FXStreet Forex News

20 Dec 2024 08:39

Forex Today: Fed-inspired USD rally pauses, eyes on PCE inflation data

Here is what you need to know on Friday, December 20: After rising sharply on Wednesday, the US Dollar (USD) Index preserved its bullish momentum on Thursday and touched its highest level in over two years early Friday before entering a consolidation...

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FXStreet Forex News

20 Dec 2024 11:25

China SMEI: Activity picked up in December – Standard Chartered

Headline SMEI recovered 0.2pts to 50.6 in December; average reading rebounded to above-50 level in Q4. While services activity improved, performance and expectations sub-indices stayed below 50. Manufacturing SMEs continued to outperform on a solid m/m increase in sales and new...

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FXStreet Forex News

20 Dec 2024 11:15

Gold edges up, trimming some recent losses with US PCE inflation on focus

Gold (XAU/USD) is trading with a moderate positive tone on Friday following the sharp sell-off earlier this...

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FXStreet Forex News

20 Dec 2024 11:03

Silver Price Forecast: XAG/USD consolidates around $29 as investors await US PCE inflation data

Silver price (XAG/USD) trades in a tight range around $29.00 in Friday’s European trading...

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FXStreet Forex News

20 Dec 2024 10:54

EU lowers corn and wheat output estimates – ING

In its latest cereals market situation report, the European Commission estimated that the bloc’s grain production could fall to 255.8mt for the 2024/25 season, compared to its previous projections of...

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FXStreet Forex News

20 Dec 2024 10:42

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FXStreet Forex News

20 Dec 2024 10:40

GBP/USD Forecast: Pound Sterling could renew multi-month lows

Following Wednesday's loss of more than 1%, GBP/USD extended its slide on...

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FXStreet Forex News

20 Dec 2024 10:36

EUR/USD trades with caution as Fed’s hawkish cut boosts US Dollar’s appeal

EUR/USD slightly recovers but trades cautiously near the yearly lows around 1.0350 in Friday’s European...

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FXStreet Forex News

20 Dec 2024 10:30

Oil: WTI settles below $70/bbl – ING

Crude oil prices edged lower with NYMEX WTI closing below $70/bbl while ICE Brent settled below $73/bbl yesterday. The oil market witnessed a second straight session of decline as the strengthening dollar weighs on the complex, ING’s commodity analysts Ewa Manthey and Warren Patterson...

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FXStreet Forex News

20 Dec 2024 10:07

EUR/USD: Euro on reaction mode below 1.0400 level but the climate still favors the Dollar

The single European currency is trying to approach 1,04 level again in the early hours of Friday as the dust from the recent Fed meeting has not yet settled, keeping the American currency in the...

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FXStreet Forex News

20 Dec 2024 09:46

Gold consolidates ahead of the release of US PCE data

Gold prices managed to recover some of Wednesday’s losses on...

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FXStreet Forex News

20 Dec 2024 09:43

EUR/USD Forecast: Euro remains bearish despite recent recovery

EUR/USD found support following Wednesday's sharp decline and closed marginally higher on...

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FXStreet Forex News

20 Dec 2024 09:22

USD/JPY Price Forecast: Bulls pause for breather ahead of US PCE Price Index

The USD/JPY pair retreats following an intraday uptick to the 158.00 neighborhood, or a five-month peak and continues losing ground through the early European session on...

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FXStreet Forex News

20 Dec 2024 08:44

AUD/JPY falls below 98.00 following stronger inflation from Japan

AUD/JPY retraces its recent gains, trading around 97.90 during the European session on...

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FXStreet Forex News

20 Dec 2024 08:42

Where will the S&P 500 find a bottom?

Yesterday, the FED’s forecast for only two rate cuts in 2025 catalyzed the markets to usher in the correction we were already anticipating five weeks...

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FXStreet Forex News

20 Dec 2024 08:38

Stagflation fears and soaring US yields: S&P 500's next move

The Federal Reserve's hawkish outlook for 2025, with plans for only two small rate cuts, has triggered a significant selloff in the S&P 500, raising concerns about...

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