FXStreet Forex News

20 Dec 2024 14:12

JJ's narrative and chaos in DC sends stocks reeling, moves amplified at year end

And the chop continues – lower…. 10- yr kisses 4.59%. Oil down, gold down, commodities...

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FXStreet Forex News

20 Dec 2024 14:05

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FXStreet Forex News

20 Dec 2024 14:02

USD slips, market jitters rise – Scotiabank

Markets are ending the week of a bit of a sour note. The USD has been clipped back somewhat in overnight trade as investors ponder a looming US government...

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FXStreet Forex News

20 Dec 2024 13:40

Fed's Daly: Risks to the outlook are equally balanced

In an interview with Bloomberg on Friday, San Francisco Federal Reserve President Mary Daly said that she thinks the policy is in a good...

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FXStreet Forex News

20 Dec 2024 12:54

USD/JPY dips to test a previous top at 156.60 following hot Japanese inflation

The Yen is picking up from five-month lows on Friday, supported by a somewhat softer US Dollar and hot Japanese inflation...

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FXStreet Forex News

20 Dec 2024 12:22

Mexican Peso pares some losses with all eyes on US PCE inflation

The Mexican Peso (MXN) trades with minor gains against the US Dollar (USD) on Friday, regaining some of the ground lost following a ”hawkish cut” by the Federal Reserve (Fed) on...

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FXStreet Forex News

20 Dec 2024 12:11

British Pound stabilizes as Retail Sales edge up

The British pound has steadied on Friday, after sliding 1.6% in the past two...

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FXStreet Forex News

20 Dec 2024 12:01

AUD/USD trades sideways slightly above 0.6200 as US PCE inflation takes centre stage

The AUD/USD pair trades inside Thursday’s trading range slightly above the two-year low of 0.6200 near...

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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 14:11

USD/CAD fails at 1.4435 and pulls back below 1.4400 weighed by a softer US Dollar

From a wider perspective, the pair maintains its broader positive bias intact and is on track to complete a four-week rally from levels below 1.4000 in late...

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FXStreet Forex News

20 Dec 2024 14:05

CAD steadies but retains a weak bias – Scotiabank

The Canadian Dollar (CAD) is little changed in overnight trade. Factors driving the CAD lower this week have moderated and the USD remains quite significantly overvalued relative to my short-term equilibrium estimate (1.4280 today), Scotiabank’s Chief FX Strategist Shaun Osborne...

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FXStreet Forex News

20 Dec 2024 13:41

A new phase for monetary policy - but only in the US

The direction of global yields has shifted in recent weeks following significant declines towards the end of...

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FXStreet Forex News

20 Dec 2024 13:14

US Dollar hits fresh two-year high ahead of PCE inflation

The US Dollar (USD) retreats slightly on Friday, with the DXY Index trading at around 108.20 after eking out another fresh two-year high of 108.55 during the Asian-Pacific trading session. The move was supported by rising US Treasury yields,...

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FXStreet Forex News

20 Dec 2024 12:28

Crude Oil set for weekly loss as Fed cuts off any rally attempt

Crude Oil prices dips lower for the fifth consecutive day in a row on Friday. The mood soured overnight again as investors got concerned about the Federal Reserve’s (Fed) hawkish tilt, which could quickly kill off any economic boosts from the...

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FXStreet Forex News

20 Dec 2024 12:17

SUI expecting the final bullish wave to break above $5

Since our previous Video blog about SUI, the coin rallied more than...

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FXStreet Forex News

20 Dec 2024 12:01

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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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