FXStreet
72829 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.
United Kingdom: Services-led growth and price risks – Nomura
Nomura’s European Economics team highlights that UK composite output PMI rose to 52.5 in August, with services offsetting weaker manufacturing. GfK consumer confidence improved to its highest level in two years, supporting activity.
Fri, Aug 21
EUR/GBP slips as strong PMIs cancel out and Iran signals de-escalation
The Euro (EUR) is falling against the British Pound (GBP). EUR/GBP held the mid-0.8500s on Friday, hovering just below the 0.8570 area, even after a strong round of August flash Purchasing Managers Indexes (PMIs) on both sides of the cross.
Fri, Aug 21
US Dollar: Jackson Hole volatility over credibility – TD Securities
TD Securities strategists argue that Kevin Warsh’s Jackson Hole speech will focus on structural themes such as productivity, AI-driven growth and Federal Reserve (Fed) regime change.
Fri, Aug 21
Euro: PMI strength supports against US Dollar – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad reports EUR/USD is firmer on broad US Dollar (USD) weakness and stronger-than-expected Eurozone August Purchasing Managers' Index (PMI) data. Elias Haddad highlights the composite PMI at a nine-month high, driven by manufacturing.
Fri, Aug 21
Japanese Yen strengthens against US Dollar as inflation backs BoJ rate hike bets
USD/JPY trades around 158.85 on Friday at the time of writing, edging lower after rebounding from the 158.00 level on Thursday.
Fri, Aug 21
European gas: Storage gap supports high prices – Commerzbank
Norman Liebke at Commerzbank warns that low European gas storage, suspended LNG exports from Qatar and the end of the refilling phase are keeping European gas prices elevated.
Fri, Aug 21
Canada: Q2 GDP rebound faces future headwinds – RBC
Royal Bank of Canada economists Nathan Janzen and Abbey Xu expect Canadian gross domestic product data for June and Q2 to confirm a strong rebound after winter stagnation.
Fri, Aug 21
Euro pares gains against US Dollar but eyes fourth weekly advance
EUR/USD reverses its earlier gains on Friday as the US Dollar (USD) steadies after retesting the three-month low touched the previous day. At the time of writing, the pair trades around 1.1677, easing from an intraday high of 1.1711, its highest level since May 14.
Fri, Aug 21
Japanese Yen: Soft Dollar and BoJ outlook shift near-term tone – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret point out that Japan’s July Consumer Price Index (CPI) and stronger August Purchasing Managers' Index (PMI) data support expectations for Bank of Japan (BoJ) tightening, with about 20 bps of hikes priced in swaps.
Fri, Aug 21
Gold: Upside asymmetry into next week – TD Securities
TD Securities’ Ryan McKay and Bart Melek note that Gold and broader precious metals are trading in a higher range that could trigger another round of CTA (Commodity Trading Advisors) buying.
Fri, Aug 21
British Pound: Mixed data but Sterling supported – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad says GBP/USD is firmer on broad US Dollar (USD) weakness despite mixed United Kingdom (UK) data.
Fri, Aug 21
Canadian Dollar: Bullish structure points to 1.35 handle against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note that the Canadian Dollar (CAD) continues to show strength against the US Dollar (USD).
Fri, Aug 21
Euro area: PMIs signal resilient growth – Nomura
Nomura’s European Economics team notes that Euro area August Purchasing Managers' Index (PMI) showed resilient growth, led by a strong manufacturing rebound, while price pressures eased.
Fri, Aug 21
Canadian Dollar heads for fourth weekly gain on weaker US Dollar, elevated Oil prices
USD/CAD extends its decline on Friday as broad US Dollar (USD) weakness and elevated Oil prices provide a double boost to the Canadian Dollar (CAD). At the time of writing, the pair trades around 1.3745, while the Loonie is on track for a fourth consecutive weekly gain.
Fri, Aug 21
Brent: Supply risks keep prices elevated – Commerzbank
Commerzbank’s Barbara Lambrecht says tensions around the Strait of Hormuz and tight diesel inventories continue to support Brent. With prices near USD 94 and almost 20% above their early-August lows, Brent remains well below its April peak.
Fri, Aug 21
WTI advances as supply tensions overshadow US inventory build
West Texas Intermediate (WTI) US Oil trades around $86.50 on Friday at the time of writing, up 0.63% on the day. US Oil remains close to Thursday’s high of $87.38, its highest level in more than three weeks, as concerns about global energy supplies continue to support prices.
Fri, Aug 21
US Dollar: Bearish regime reinforced by bull flattener – TD Securities
TD Securities strategists argue that the United States (US) Treasury buyback announcement has reinforced bearish momentum for the Dollar.
Fri, Aug 21
Japanese Yen: Support test as Japan data firm – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad highlights USD/JPY testing key support at its 200-day moving average as Japanese data firm.
Fri, Aug 21
Indonesia: Expansionary stance with narrowing buffer – Standard Chartered
Standard Chartered’s Aldian Taloputra assesses Indonesia’s 2027 fiscal plans, noting a targeted deficit of 2.4% of GDP versus 2.9% in 2026. The bank maintains its own forecast of a 2.9%-of-GDP deficit, citing ambitious revenue assumptions and potential tax shortfalls.
Fri, Aug 21
Gold: Safe-haven bid on US debt worries – Commerzbank
Commerzbank’s Carsten Fritsch notes Gold has surged, breaking above USD 4,500 per troy ounce as safe‑haven demand rises on US debt concerns and a weaker Dollar.
Fri, Aug 21
