FXStreet Forex News

21 Dec 2024 15:01

The US Dollar ends the year on a strong note

The US Dollar ends the year on a strong note, hitting two-year highs at 108.45. The Fed expects a 50-point rate cut for the full year 2025 versus 4 cuts one quarter earlier, citing higher inflation forecasts and a stubbornly strong labour market.

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FXStreet Forex News

20 Dec 2024 22:42

USD/JPY retreats to 156.50 after reaching multi-month highs on softer US PCE data

The USD/JPY pair pulled back from its highest levels since July, retreating to 156.50 following the release of US Personal Consumption Expenditure (PCE)...

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FXStreet Forex News

20 Dec 2024 20:23

'Twas the night before shutdown

The federal government is careening towards a government shutdown as we go to print, with Congress still struggling to pass a bill that would fund the government beyond December...

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FXStreet Forex News

20 Dec 2024 19:30

US Dollar eases amid profit-taking and year-end positioning

The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, took a hit after soft Personal Consumption Expenditures (PCE) data was released during the European...

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FXStreet Forex News

20 Dec 2024 17:06

Making sense of the latest Fed action to lower interest rates

On December 18, the Federal Reserve Board announced a 25-basis point drop in its target for the federal funds interest...

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FXStreet Forex News

20 Dec 2024 16:58

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FXStreet Forex News

20 Dec 2024 16:52

Renewed progress on inflation amid sustained consumer spending

If Fed policymakers were making wishes, they'd want services spending to cool, goods spending to pick up and for all of this to happen with inflation coming down and a labor market strong enough to sustain income...

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FXStreet Forex News

20 Dec 2024 16:48

Year ahead – What does 2025 hold for the US Dollar and Japanese Yen?

‘Trump trade’ reinforces dollar bulls The Federal Reserve finally cut interest rates in September, but far from falling, the US dollar embarked on a fresh rally as policymakers dashed hopes of aggressive policy...

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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

21 Dec 2024 11:01

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FXStreet Forex News

20 Dec 2024 21:13

Australian Dollar holds near 0.6200 after PCE data from the US

The Australian Dollar consolidates around 0.6200 on Friday as traders digest November’s US Personal Consumption Expenditures (PCE) inflation...

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FXStreet Forex News

20 Dec 2024 19:46

Amgen stock gains on NovoNordisk's weightloss drug blunder

Amgen stock gained more than 2% in Friday’s morning session after foreign weightloss drug competitor NovoNordisk (NVO) plunged following the results of new drug...

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FXStreet Forex News

20 Dec 2024 18:24

Weekly economic and financial commentary

United States: That's a Wrap The outlook for 2025 is riddled with uncertainty, yet data released this week demonstrate a...

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FXStreet Forex News

20 Dec 2024 17:01

EUR/USD Price Analysis: Slight end-of-week rebound fails to break key resistance

After suffering a sharp drop of more than 1% on Wednesday, the EUR/USD managed a minor rebound by the end of the week, adding 0.28% to trade near 1.0395 on...

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FXStreet Forex News

20 Dec 2024 16:58

US Dollar is coming into resistance as expected

USDollar Is Coming Into Resistance As Expected, as we have been tracking a five-wave impulse from technical and Elliott wave...

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FXStreet Forex News

20 Dec 2024 16:52

EUR/USD price outlook: Will the downtrend continue or is profit booking imminent?

EUR/USD is the most traded currency in the world. Predicting the exact direction of EUR/USD is challenging due to the complex interplay of economic and political...

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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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