FXStreet Forex News

06 Jan 2025 14:45

CAD: PM may resign this week – Scotiabank

The Canadian Dollar (CAD) perked up notably overnight on news that PM Trudeau may resign this week. Reports suggesting President-elect Trump might moderate plans for a broad application of tariffs have added to gains, Scotiabank’s Chief FX Strategist Shaun Osborne...

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FXStreet Forex News

06 Jan 2025 14:07

Euro surges close to 1%, German CPI looms

The euro has started the week with sharp gains. In the European session, EUR/USD is currently trading at 1.0403, up 0.91% on the...

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FXStreet Forex News

06 Jan 2025 13:59

From holiday dip to market flip: Algos, rates, and Janet’s fiscal time bomb fuel Wall Street’s

Stocks rallied; Bond declined. Oil surging renewed China demand and new Biden...

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FXStreet Forex News

06 Jan 2025 13:38

Johnson re-elected

USD: Mar '25 is Down at 107.810. Energies: Feb '25 Crude is Up at...

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FXStreet Forex News

06 Jan 2025 13:17

APTOS (APT) last buying area before rally above $19

APTOS APT rallied for 5 straight Months since August 2024 and made +255% move before the recent 45%...

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FXStreet Forex News

06 Jan 2025 13:16

Gold price stuck in consolidation while nervousness picks up towards Trump’s inauguration

Gold’s price (XAU/USD) stabilizes near $2,640 on Monday after a quick sprint higher the first trading day of 2025 as traders were quite eager and quick to reopen their trimmed positions they had ahead of...

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FXStreet Forex News

06 Jan 2025 13:14

S&P 500 ETF (SPY) Elliott Wave: Forecasting the future path

In this technical article, we’re going to take a quick look at the Elliott Wave charts of the SPY ETF , published in the members area of the...

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FXStreet Forex News

06 Jan 2025 12:27

USD/JPY: Chance of a rate hike at the next MPC – OCBC

USD/JPY continued to hover near recent highs. BOJ Governor Ueda reiterated that BOJ will raise policy rate if economic conditions continue to improve this year. Pair was last seen trading at 157.63, OCBC’s FX analysts Frances Cheung and Christopher Wong...

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FXStreet Forex News

06 Jan 2025 12:15

CAD: Trudeau reportedly about to resign – ING

A media report is suggesting the Canada’s prime minister Justin Trudeau will resign as leader of the Liberal Party this week. That would not necessarily lead to early elections, as a leadership contest would take place to select a new prime...

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FXStreet Forex News

06 Jan 2025 11:45

NVIDIA Corp. (NVDA) Elliott Wave technical analysis [Video]

NVDA Elliott Wave Analysis Trading Lounge. NVIDIA Corp., (NVDA) Daily...

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FXStreet Forex News

06 Jan 2025 11:37

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FXStreet Forex News

06 Jan 2025 11:24

Euro extends recovery as markets digest political turmoil

The Euro is setting forth a second day of recovery and trades above 1.0350 at the time of writing on Monday, heading further away from the fresh 2-year low of 1.0224 seen on...

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FXStreet Forex News

06 Jan 2025 11:13

Gold beat the 14-day high at 2,638/39 for a buy signal hitting my target at 2,663/65

Gold beat the 14 day high at 2638/39 for a buy signal hitting my target & minor resistance at 2663/65 with a high for the day week exactly...

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FXStreet Forex News

06 Jan 2025 11:05

Forex: Any potential Dollar weakness may be short-lived

Over the festive season, FX markets held steady. Yet the dollar consistently bucked the typical seasonal downtrend, drawing unexpected strength, even as a brief rally in US Treasuries at year-end...

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FXStreet Forex News

06 Jan 2025 10:48

EUR/USD: Dead cat bounce? – OCBC

Euro (EUR) fell to a low of 1.0225 (2 Jan) before rebounding. The large slippage was likely due to poor market liquidity. Pair was last seen trading at 1.0353 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong...

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FXStreet Forex News

06 Jan 2025 14:38

USD drops as Trump moderates tariff threat – Scotiabank

The US Dollar (USD) is down for a second trading session in a...

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FXStreet Forex News

06 Jan 2025 14:07

Germany annual CPI inflation rises to 2.6% in December vs. 2.4% expected

Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), rose to 2.6% on a yearly basis in December from 2.2% in November, Destatis' flash estimate showed on...

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FXStreet Forex News

06 Jan 2025 13:55

The commodities feed: solid start to the year for Oil

The oil market has had a relatively strong start to the year on the back of a stronger physical market in the Middle...

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FXStreet Forex News

06 Jan 2025 13:37

EUR/USD Price Forecast: Optimism fuels Euro demand

The EUR/USD pair advances at the beginning of the week, holding near an intraday high of 1.0431 posted during European trading hours amid a better market...

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FXStreet Forex News

06 Jan 2025 13:16

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FXStreet Forex News

06 Jan 2025 13:14

American Express (AXP) hit target extending in wave ((5))

American Express Company (Amex), symbol AXP, is an American multinational financial services corporation that specializes in payment...

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FXStreet Forex News

06 Jan 2025 12:58

US President-elect Trump aides considering universal tariffs on critical imports – Washington Post

US President-elect Donald Trump's aides are considering tariffs that would be applied to every country but only cover critical imports, the Washington Post reported on Monday, per...

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FXStreet Forex News

06 Jan 2025 12:21

Gold Elliott Wave technical analysis [Video]

Gold Elliott Wave Analysis Gold is still within the bearish correction that started in late October when it reached a fresh record...

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FXStreet Forex News

06 Jan 2025 11:53

Warmer data in a cold environment but unlikely to change ECB thinking

EU mid-market update: Warmer data in a cold environment but unlikely to change ECB thinking; Week ahead highlighted by US jobs report, NVIDIA CES...

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FXStreet Forex News

06 Jan 2025 11:45

DXY: Watching US data this week – OCBC

US Dollar (USD) eased slightly from the year’s high after while FX flows gradually normalised post-holiday liquidity. DXY was last seen at...

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FXStreet Forex News

06 Jan 2025 11:37

Five fundamentals for the week: Nonfarm Payrolls to keep traders on edge in first full week of 2025

Did the US economy enjoy a strong finish to 2024? That is the question in the first full week of trading in...

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FXStreet Forex News

06 Jan 2025 11:19

EUR: Looking for a lifeline – ING

EUR/USD recovered some ground on Friday, in line with our expectations. From a valuation standpoint, there is still short-term upside potential for the pair, which at current levels embeds a risk premium of around 1.5-2.0%, ING’s FX analyst Francesco Pesole...

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FXStreet Forex News

06 Jan 2025 11:07

Evolution of wages “key number” within Friday's US labour report

The relentless rise in interest rates as prospects for generous Federal Reserve cuts diminish will be tested this Friday by the latest US labour market...

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FXStreet Forex News

06 Jan 2025 11:02

FX daily: Dollar corrections should have short legs

The dollar could lose some momentum this week as a return of normal market conditions allows for some reconciliation with slightly lower...

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FXStreet Forex News

06 Jan 2025 10:45

USD: Rally may lose some steam – ING

The Christmas holiday period was not particularly eventful for FX markets, but it was again remarkable how the dollar kept finding support, defying both seasonal negative pressure and a brief rally in US Treasuries at the end of...

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