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FXStreet

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FXStreet is a website visited by over 1 million users nowadays, deliver the most advanced information and tools such as rates and charts, market analysis, forex news, economic calendar or webinars together with a wide variety of sources of information for traders to access the market in a conscious way.

FXStreet is made up of a team of approximately 60 people, 30 of them working from the head office in Barcelona. The rest of the staff is working from around the world.

Euro posts modest gains near 1.1100 as traders assess ECB's rate path

The EUR/USD pair posts modest gains near 1.1095 during the early Asian trading hours on Thursday. However, the potential upside for the major pair might be limited by expectations of a bigger interest rate hike from the US Federal Reserve (Fed) this year.

Japanese Yen recovers from two-month low as BoJ rate hike bets meet intervention risk

The USD/JPY pair attracts some sellers during the Asian session on Thursday, snapping a two-day winning streak to its highest level since early September, around the 160.00 psychological mark touched the previous day.

BoJ's Asada says must be mindful of expected effect of past rate increases on economy

Bank of Japan (BoJ) board member Toichiro Asada said on Thursday that the central bank must be mindful of expected effect of past rate increases on economy. Asada added that underlying inflation fluctuates around levels consistent with BoJ's price target.

UK inflation: Deutsche Bank sees further upside – Deutsche Bank

Deutsche Bank economists Sanjay Raja and Maui Brennan expect UK inflation to move higher in October, driven by energy, tobacco and modest food and services gains. They forecast headline CPI at 3.80% year-on-year, with Core CPI and Services CPI also rising. Looking ahead, they see headline CPI pushing closer to 4.25% early next year, with price pressures remaining sticky.

Canadian Dollar remains steady as hawkish Fed bets keep US Dollar stable

USD/CAD holds steady around 1.4250 during Thursday's Asian trading session after posting two consecutive days of gains. Despite the pause, the pair could resume its upward climb as the US Dollar (USD) may draw strength from an increasingly hawkish Federal Reserve (Fed) policy outlook.

PBOC sets USD/CNY reference rate at 6.774 vs. 6.7191 previous

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.774 compared to the previous day's fix of 6.7191 and 6.6797 Reuters estimate.

Japan’s Mimura says forex fluctuations are too rapid

Japan's top currency diplomat Atsushi Mimura said on Wednesday that recent currency moves, including those of the past few days, are too rapid.

WTI declines as US, Iran avoids further escalation, rising OPEC+ output

West Texas Intermediate (WTI) oil price extends it losses for the fifth consecutive day, trading around $85.00 per barrel during Asian hours on Thursday.

British Pound steadies above 1.3250 as traders await UK GDP data

The GBP/USD pair holds steady around 1.3275 during the early Asian session on Thursday. Traders continue to assess the monetary policy path from the Bank of England (BoE) and the US Federal Reserve (Fed).

Iran says Strait of Hormuz will remain closed until leader of the revolution orders

Iranian Armed Forces Deputy Chief of Staff Brigadier General Kioumars Heidari said that Tehran has closed the Strait of Hormuz and will not open it except by the order of the leader of the revolution, Al Jazeera reported on Wednesday.

US Dollar: Supportive fundamentals offset deficit worries – Rabobank

Rabobank’s FX Strategy team argues that reduced fears of political interference at the Federal Reserve and evidence of renewed safe-haven demand support the Dollar. The bank notes that concerns over the US budget deficit and treasury market stresses could weigh on the Dollar over the medium term, but concludes that last year’s Dollar debasement fears were exaggerated.

BoE’s Greene says it is appropriate to proactively tighten our monetary policy stance

Bank of England's (BoE) Monetary Policy Committee (MPC) member, Megan Greene, said on Wednesday that it was appropriate to "proactively tighten ‌our monetary policy stance" to ward against the risk of wage growth getting stuck at higher levels and firms passing those costs on.

Gold falls below $4,000 as Fed rate hike bets grow

Gold price (XAU/USD) tumbles to near $3,985 during the early Asian session on Thursday. The precious metal extends its downside as persistent inflation forces the US Federal Reserve (Fed) to maintain its tightening policy.

Australian Dollar dips under 0.6850 as Fed-RBA policy divergence widens

The Australian Dollar lost 0.27% against the US Dollar on Wednesday as market participants priced in further Federal Reserve tightening, amid a light economic docket in Australia and the US. The AUD/USD trades below 0.6850.

Yen slides toward 160.00 with Fed speakers and US PPI ahead

The 160.00 level is within reach of USD/JPY for the first time since early September, with Fed speakers and US producer prices still to come before the weekend. USD/JPY has left the range it held for seven weeks and reached just under 160.00, its highest since September 2.

UK growth figures are next for a Pound at a three-week low

Third-quarter Gross Domestic Product (GDP) on Thursday is forecast to show the UK economy growing faster, and GBP/USD goes into it at its lowest since mid-October.

AI stocks rebound and carry the NASDAQ 100 to a one-week high

The more artificial intelligence (AI) a US index holds, the more of the fall that began on November 5 it has now recovered. The NASDAQ 100 touched just under 28,600, above where it started that session, and is trading near 28,400.

Mexican Peso defies Fed hike bets as Banxico signals longer pause

The Mexican Peso (MXN) recovered some ground against the US Dollar (USD) on Wednesday after losing 0.45% in the previous week, following a US inflation report that was higher than expected, which increased the odds of further Federal Reserve (Fed) tightening.

Bitcoin Bull Score falls to 20 as USDT supply shrinks – CryptoQuant

Bitcoin's (BTC) market indicators have turned bearish at the same time, raising concerns that the top crypto could face a deeper correction despite historical similarities to previous market bottoms.

GBP/JPY Price Forecast: Bullish harami tests 213.00 resistance

The GBP/JPY trades choppily despite posting gains of 0.17% on Wednesday, with price action remaining within Tuesday’s daily range of 211.44-212.65, indicating that a potential ‘bullish harami’ or inside day pattern is forming near a key resistance area.

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