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FXStreet Forex News

Pound Sterling faces pressure against USD as investors assess US economic outlook

The Pound Sterling (GBP) trades near a more-than-eight-month low around 1.2400 against the US Dollar (USD) in Friday’s European...

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USD/CAD holds losses around 1.4400, receives downward pressure from higher Oil prices

USD/CAD halts its three-day winning streak, trading around 1.4390 during the early European hours on...

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USD/CHF drops to near 0.9100 amid heightened geopolitical tensions

The USD/CHF pair weakens to near 0.9110, snapping the four-day winning streak during the early European session on...

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Riksbank minutes show members are eyeing a rate cut in January or March

From the US, the ISM Manufacturing index for December is due for...

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Focus on US Dec ISM Manufacturing PMI

Asia market update: Muted market response to China's affirmation of stimulus pledges (NDRC, PBOC); KR political drama continues, also shrugged off by markets; Focus on US Dec ISM Manufacturing...

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Silver Price Forecast: XAG/USD surges to near $29.50 due to increased safe-haven demand

Silver price (XAG/USD) extends its gains for the third successive day, trading around $29.60 per troy ounce during the Asian hours on...

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US President-elect Trump: Tariffs will pay off our debt and MAKE AMERICA WEALTHY AGAIN

US President-elect Donald Trump took to X (formerly known as Twitter) to note that "the Tariffs, and Tariffs alone, created this vast wealth for our...

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Can value stocks rebound in 2025?

Growth outperformed value by a wide margin in 2024. However, over the past six months, mid cap value stocks have beaten...

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AUD/USD hung out to dry on familiar low end

AUD/USD tried and failed to spark a bull run during the first trading session of 2025, rising on thin volumes before collapsing back into the 0.6200 handle in the later hours of the...

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Canadian Dollar stuck near familiar lows despite PMI beat

The Canadian Dollar (CAD) remained stuck on the low side against the Greenback on Thursday, with Loonie traders kicking off the new year in a tepid...

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Dow Jones Industrial Average churns to kick off new year

The Dow Jones Industrial Average (DJIA) fizzled on Thursday, kicking off the 2025 trading year with a flat performance and churning chart paper near...

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EUR/USD slumps to two-year low as growth concerns weigh

EUR/USD dumped another full percentage point on Thursday, kicking off 2025 with its lowest prices in two...

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Time to buy this tentative bottom?

S&P 500 could have put a local bottom Dec 31, but instead we had to wait for today when we got the clear 5,930 breakdown and intraday reversal that I have talked in relation to market breadth developments in yesterday‘s video (forget not to be sending your chart requests for one of the upcoming...

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Forex Today: US Dollar rally pauses ahead of Manufacturing PMI data

Here is what you need to know on Friday, January 3: The US Dollar (USD) gathered strength to start the new year as trading conditions normalized following the holiday...

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EUR/USD Price Analysis: Finds support near 1.0250 within oversold territory

The EUR/USD pair pauses its four-day losing streak, trading near 1.0270 during the Asian session on...

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FX option expiries for Jan 3 NY cut

FX option expiries for Jan 3 NY cut at 10:00 Eastern Time via DTCC can be found...

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US economic indicators drive Dollar up, Gold down in response

Thursday's positive U.S. unemployment claims data signals a healthy labor market, which can be interpreted as an indicator of economic...

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FXStreet Forex News

PBOC says rate cuts are likely in 2025 at an appropriate time

The People's Bank of China (PBOC) said on Friday that it is likely to cut interest rates from the current level of 1.5% "at an appropriate time" in 2025, per...

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NZD/USD recovers above 0.5600 as PBOC reportedly signals rate cuts

The NZD/USD pair recovers some lost ground to around 0.5605 during the early European session on...

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WTI rises to near $73.00 due to a potential policy support to revive economic growth

West Texas Intermediate (WTI) Oil price continues its winning streak for the sixth consecutive day, trading around $73.00 per barrel during the Asian session on...

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EUR/USD Price Forecast: Sellers may pause ahead of the weekly close

The EUR/USD pair fell to 1.0223, its lowest since November 2022, finally stabilizing in the 1.0250...

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USD/JPY Forecast: Buyers aim to challenge the December high at 158.07

The USD/JPY pair traded as high as 157.84 on Thursday, holding not far from the December multi-month high of 158.07 by the end of the...

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GBP/USD forecast: 2024 low at siege amid risk aversion

The US Dollar (USD) resumed its advance after the New Year holiday, challenging multi-month highs against European rivals in the American...

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XAU/USD outlook: Gold expected to remain underpinned by political and economic uncertainty

Gold gained nearly 1% in the first trading day in 2025, sending initial positive signal that recovery off $2582 (Dec 18/19 higher base) might be picking...

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Gold Price Forecast: XAU/USD on its way to retest record highs

Spot Gold trades around $2,650 a troy ounce as market players slowly return to their desks in the New Year holiday...

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US Dollar Index outlook: Dollar keeps firm tone at the start of the year

The dollar index kept firm tone and hit new two year high on the first trading day of the new year, as markets started to gain pace after a quiet holiday...

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FXStreet Forex News

Gold Price Forecast: XAU/USD jumps to near $2,650 as investors consider Trump’s impact on global economy

Gold price (XAU/USD) extends intraday gains to near $2,650 in the opening North American session on Thursday after the New Year...

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