FXStreet Forex News

23 Dec 2024 02:16

PBOC sets USD/CNY reference rate at 7.1870 vs. 7.1901 previous

On Monday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1870, as compared to Friday's fix of 7.1901 and 7.2880 Reuters...

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FXStreet Forex News

23 Dec 2024 02:07

Gold Price Forecast: XAU/USD flat lines above $2,600 as traders await fresh catalysts

Gold price (XAU/USD) holds steady near $2,625 during the early Asian session on...

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FXStreet Forex News

23 Dec 2024 01:01

Trump announces his picks for key positions in the administration

US President-elect Donald Trump is announcing his picks for key positions in his...

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FXStreet Forex News

23 Dec 2024 00:27

ECB's Vujcic: Rate cuts will continue next year

The European Central Bank (ECB) Governing Council member Boris Vujcic said on Saturday that the central bank will go on lowering borrowing costs in 2025, per...

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FXStreet Forex News

22 Dec 2024 22:01

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 November. Improvement in key data across the US and the Eurozone has been crucial, while signals from the Federal Reserve indicate that monetary policy normalization is set to slow.

Stay tuned, don't miss a thing!

FXStreet Forex News

22 Dec 2024 11:01

Fed-ECB: 2025, the great decoupling?

👀 The year 2024 was marked by further progress in disinflation in both the United States and the Eurozone, sufficient to pave the way for rate cuts. The Fed and the ECB did not quite follow the same timetable and tempo, but by the end of the year, the cumulative size of their rate cuts is the same: 100 basis points.

Check it, you will find it interesting!

FXStreet Forex News

22 Dec 2024 10:19

USD/CAD Price Annual Forecast: Battered Loonie unlikely to be saved by Fed rate cuts

The Canadian Dollar (CAD) spent most of 2024 on the ropes, battling into a familiar midrange before giving up in the last quarter and backsliding into multi-year...

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FXStreet Forex News

21 Dec 2024 19:00

Weekly focus: 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 Sweden. The largest present came from the US Federal Reserve in the shape of a significant hawkish surprise.

Don't miss anything that happened this week! 🏦

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

23 Dec 2024 02:08

GBP/USD consolidates in a range around 1.2570 area; upside potential seems limited

The GBP/USD pair kicks off the new week on a subdued note and oscillates in a narrow trading range above mid-1.2500s during the Asian...

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FXStreet Forex News

23 Dec 2024 01:59

EUR/USD rises to near 1.0450 due to rising odds of Fed keeping rates unchanged in January

EUR/USD remains steady following the gains from the previous session, trading around 1.0430 during the Asian hours on...

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FXStreet Forex News

23 Dec 2024 00:45

Trump threatens to regain control of Panama Canal

US President-elect Donald Trump has demanded Panama reduce fees on the Panama Canal or return it to US control, accusing Panama of charging excessive rates to use the Central American passage, per...

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FXStreet Forex News

23 Dec 2024 00:09

AUD/USD holds steady near 0.6250 ahead of RBA Minutes

The AUD/USD pair trades on a flat note around 0.6250 during the early Asian session on...

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FXStreet Forex News

22 Dec 2024 18:00

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

US Dollar set for bullish start to new year as Fed rate cut bets pared. Yen bears make a comeback, but will they reign in 2025? Fed and BoJ policy expectations diverge after Trump’s re-election.

🔥 Navigate the market, stay informed!

FXStreet Forex News

22 Dec 2024 10:19

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FXStreet Forex News

21 Dec 2024 19:47

USD/MXN Price Annual Forecast: Economic slowdown, monetary policy, Trump to influence the Peso in 2025

In 2024, the Mexican Peso (MXN) enjoyed a wild ride, initially gaining some...

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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.

💵 Forex insights await, read!

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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