FXStreet Forex News

20 Dec 2024 16:45

Week ahead – No festive cheer for the markets after hawkish Fed

Sticky inflation is the dollar’s friend There can be no doubt that 2024 was the year of the US dollar, as the tables turned from 2023 when sticky inflation gripped Europe and elsewhere, while the Fed boasted progress in its inflation...

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FXStreet Forex News

20 Dec 2024 16:26

GBP/USD rebounds towards 1.2540 following US inflation data and BoE decision

The GBP/USD pair rebounded towards 1.2540 after the release of US inflation data and the Bank of England's (BoE) monetary policy decision on...

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FXStreet Forex News

20 Dec 2024 15:10

Fed's Hammack: Rate cut was a close call, favored holding steady

In a statement released on Friday, Federal Reserve Bank of Cleveland President Beth Hammack noted that she dissented because the data supported holding the policy rate steady, per...

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FXStreet Forex News

20 Dec 2024 14:54

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FXStreet Forex News

20 Dec 2024 14:41

GBP/JPY Price Forecast: Slumps as UK Retail Sales misses estimates

The GBP/JPY pair is down almost 0.4% to 196.00 in Friday’s North American...

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FXStreet Forex News

20 Dec 2024 14:31

Breaking: US core PCE inflation holds steady at 2.8% in November vs. 2.9% expected

Inflation in the US, as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, edged higher to 2.4% on a yearly basis in November from 2.3% in October, the US Bureau of Economic Analysis (BEA) reported on...

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FXStreet Forex News

20 Dec 2024 14:26

Quadruple witching and govt shutdown - Dead ahead

USD: Dec '24 is Down at 107.830. Energies: Jan '25 Crude is Down at...

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FXStreet Forex News

20 Dec 2024 14:15

EUR/USD – Scotiabank

The Euro (EUR) trades broadly steady in the mid-1.0300s against the US Dollar (USD) on Friday even after President-elect Donald Trump threatened Europe with tariffs "all the way" unless it purchased more US energy products, Scotiabank’s Chief FX Strategist Shaun Osborne...

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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 16:42

Too labored bottoming

S&P 500 did not see convincing buying following the opening bell in the least – no surprise to clients, I had been bearish ever since the intraday update issued for them during Powell conference latter...

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FXStreet Forex News

20 Dec 2024 16:25

Fed's Goolsbee: My projections were for a little more shallow rate-path in 2025

In an interview with CNBC on Friday, Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee said that they are still on a path to get to 2% inflation, adding that it was 'nice' to get an inflation number that's better than...

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FXStreet Forex News

20 Dec 2024 14:57

The US Dollar ends the year on a strong note

The U.S. dollar ends the year on a strong note, hitting two-year highs at...

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FXStreet Forex News

20 Dec 2024 14:54

Hawkish Christmas present from the US Federal Reserve

The tradition of central banks hosting meetings just before Christmas continued this year with policy decisions in the US, Japan, UK, Norway, and...

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FXStreet Forex News

20 Dec 2024 14:34

Breaking: US core PCE inflation holds steady at 2.8% in November vs. 2.9% expected

Inflation in the US, as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, edged higher to 2.4% on a yearly basis in November from 2.3% in October, the US Bureau of Economic Analysis (BEA) reported on...

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FXStreet Forex News

20 Dec 2024 14:27

GBP/USD holds break below major trend support at 1.2520 – Scotiabank

The Pound Sterling (GBP) is flat on the session. UK Retail Sales rose a softer than expected 0.2% in November (versus +0.5% forecast), extending a run of disappointing Retail Sales data, Scotiabank’s Chief FX Strategist Shaun Osborne...

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FXStreet Forex News

20 Dec 2024 14:21

Think ahead: CEE region in focus

Our take on what a quieter week ahead could bring for markets across Central and Eastern...

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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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