FXStreet
72794 Articles
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 wavers within range against British Pound with markets calm and little data
The Euro (EUR) edges up for the second consecutive day against the British Pound (GBP) on Wednesday, trading halfway within the monthly range.
Wed, Aug 26
Hungarian Forint: MNB caution offers modest HUF support - Commerzbank
Commerzbank’s Tatha Ghose reports that Hungary’s central bank, Magyar Nemzeti Bank (MNB), cut its base rate to 5.50% but avoided pre-committing to further easing, stressing that September’s Inflation Report will guide policy. The bank will monitor global rate hikes, could limit the scope.
Wed, Aug 26
NZD/USD Price Forecast: Dips below 0.5950, fresh weekly low as USD firms ahead of US PCE
The NZD/USD pair comes under some renewed selling pressure on Wednesday and drops to a fresh weekly low, around the 0.5945 region during the early European session.
Wed, Aug 26
Euro: Holds near 1.1670 against US Dollar as rate moves offset - Danske Bank
Danske Research Team reports that EUR/USD remained little changed around 1.1670, with the chart showing only a modest pullback from overnight highs before a partial recovery.
Wed, Aug 26
ECB sets for September rate hike with no appetite to signal more – RTE
According to sources, the European Central Bank (ECB) is all set to hike its key policy rates at the September policy meeting, RTE reported. Sources also said that the central bank has no appetite to raise interest rates again after a hike next month.
Wed, Aug 26
Hyperliquid Price Forecast: HYPE eyes record high on rising revenue, ETF inflows
Hyperliquid (HYPE) is up 4% on Wednesday, with bulls aiming to advance last week’s 43% gains to a fresh record high above $83.30.
Wed, Aug 26
British Pound edges lower below 1.3650 as traders await US PCE release
The GBP/USD pair declines to near 1.3625 during the early European trading hours on Wednesday. The US Dollar (USD) edges higher against the British Pound (GBP) as markets turn cautious ahead of the US July Personal Consumption Expenditures (PCE) Price Index data, which is due later on Wednesday.
Wed, Aug 26
British Pound: Upside remains intact above 1.3605 against US Dollar - UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann maintain a positive 1–3 week outlook for GBP/USD, with 1.3700 still in sight as long as the pair holds above 1.3605.
Wed, Aug 26
USD/JPY Price Forecast: 20-day EMA continues to act as key barrier
The Japanese Yen (JPY) trades higher against the US Dollar (USD) on Wednesday, with USD/JPY dropping 0.1% to near 159.00. The Asia-Pacific currency gains amid firm expectations that the Bank of Japan (BoJ) will hike policy rates by 25 basis points (bps) to 1.25% in the September meeting.
Wed, Aug 26
Equities: Tech-led gains with softer Oil – Deutsche Bank
Deutsche Bank notes that Nvidia’s earnings have become a major macro catalyst, although the impact of positive surprises has faded in recent quarters.
Wed, Aug 26
US Dollar: Core PCE and Warsh remarks in focus – OCBC
OCBC Bank strategists Sim Moh Siong and Christopher Wong highlight that lower energy prices have helped pull US and European yields down, supporting a more benign macro backdrop without stoking USD debasement fears.
Wed, Aug 26
Australian Dollar: RBA waits as inflation sticks – Commerzbank
Volkmar Baur at Commerzbank notes that the Reserve Bank of Australia (RBA) is in wait-and-see mode after three rate hikes, assessing how inflation and the labor market evolve. July Consumer Price Index (CPI) eased to 3.5% but missed expectations, with trimmed-mean inflation stuck at 3.6%.
Wed, Aug 26
Canadian Dollar gives away gains amid lower oil prices, fresh trade tensions
The Canadian Dollar (CAD) reverses earlier gains against the US Dollar (USD) on Wednesday, weighed by a recent pullback in oil prices and the escalation of the trade war with the US.
Wed, Aug 26
Oil: Prices retreat on Gulf diplomacy – ING
ING analysts Warren Patterson and Ewa Manthey note that Oil prices are under renewed downward pressure, with ICE Brent breaking below $90/bbl as talks involving Iran, Oman and Pakistan on the Strait of Hormuz and the Middle East war progress.
Wed, Aug 26
Euro weakens against Japanese Yen amid firm BoJ interest rate hike prospects
The Euro (EUR) trades 0.22% lower at around 185.45 against the Japanese Yen (JPY) during the early European trading session on Wednesday.
Wed, Aug 26
Euro: Upside bias toward 1.1725 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report EUR/USD broke out of its recent tight range, closing slightly higher near 1.1675 as tentative upside momentum emerges.
Wed, Aug 26
Pi Network Price Forecast: PI lacks momentum amid mounting bullish signals
Pi Network (PI) shows mild upside movement on Wednesday, as the price holds above a crucial support level near $0.0853. The broader market recovery cooling down weighs on PI recovery odds, while the technical outlook remains mixed amid a lack of decisive momentum.
Wed, Aug 26
AUD/USD Price Forecast: Hot Australian CPI data boosts hawkish RBA bets
The Australian Dollar (AUD) outperforms its major currency peers on Wednesday, trading 0.2% higher to near 0.7180 against the US Dollar (USD) during the early European trading session.
Wed, Aug 26
ECB's Schnabel: Inflation likely to top 2% for extended period
European Central Bank (ECB) Executive Board member Isabel Schnabel said that inflation is unlikely to return to target over the medium term, and therefore further tightening will be necessary, Bloomberg reported on Wednesday.
Wed, Aug 26
EUR/USD Price Forecast: Declines to near 1.1650, overbought signals curb upside bias
The EUR/USD pair trades in negative territory near 1.1665 during the early European trading hours on Wednesday, pressured by a rebound in the US Dollar (USD). Markets turn cautious ahead of the release of the key US July Personal Consumption Expenditures (PCE) Price Index report later on Wednesday.
Wed, Aug 26
