FXStreet
72891 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.
Chinese Yuan: Activity data and PBOC stance guide FX – MUFG
MUFG’s Asia FX Weekly highlights that China’s July activity indicators, following weak Q2 GDP, will be central for the Chinese Yuan and regional FX.
Fri, Aug 14
Japanese Yen holds as soft US data meets a weak Yen
USD/JPY is holding near 159.40 at the time of writing, with little change on the day. A weak United States (US) Consumer Sentiment reading nudged the Dollar lower, but the pair has stayed close to where it started.
Fri, Aug 14
USD/CAD Price Forecast: Bears target the 200-day SMA
USD/CAD extends its decline farther below 1.4000 on Friday and heads for a third consecutive weekly loss. At the time of writing, the pair trades around 1.3877, at levels last seen in early July.
Fri, Aug 14
The Dollar Index breaks on the fourth consecutive soft print
The Dollar Index took a payroll contraction on August 7, a cooler consumer price reading on August 12 and a flat producer price reading on August 13 without surrendering its range. Friday's data finally did it.
Fri, Aug 14
Singapore Dollar: Consolidation near 1.28 with upside risks against US Dollar – OCBC
OCBC’s Sim Moh Siong and Christopher Wong note USD/SGD is consolidating around 1.28 as softer United States (US) Producer Price Index (PPI) trims Federal Reserve (Fed) hike expectations but fails to trigger fresh US Dollar (USD) selling.
Fri, Aug 14
USD/CHF Price Forecast: Bearish flag holds as bulls eye 0.8150
The USD/CHF turns negative on the day, snapping a four-day winning streak, yet it remains above 0.8100, suggesting further upside is possible if buyers reclaim key resistance levels. At the time of writing, the pair trades at a 0.12% loss.
Fri, Aug 14
Gold rallies as weak US data dents Fed hike bets
Gold price registers solid gains of nearly 0.90% on Friday as the US Dollar weakens across the board, following a week that featured softer inflation data, which decreased the chances for a rate hike by the Federal Reserve (Fed). The XAU/USD trades at $4,386, still below the $4,400 threshold.
Fri, Aug 14
South Korean Won: Gains target 1407 against US Dollar – Societe Generale
Societe Generale analysts note USD/KRW has corrected after losing its 200-day moving average near 1478 and is now testing an ascending trend line from 2023 around 1407.
Fri, Aug 14
Chinese Yuan: Range trade persists near 6.7450 against US Dollar – UOB
United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann note that USD/CNH remains confined to a tight intraday range, with momentum indicators still flat and the pair expected to trade between 6.7400 and 6.7500.
Fri, Aug 14
The Dow Jones Industrial Average learns who paid for disinflation
Two cooling inflation readings carried the broad market to a record on Thursday, taking the S&P 500 through 7,800 for the first time, and Friday morning supplied the explanation for where the cooling came from.
Fri, Aug 14
New Zealand Dollar charges toward 0.5900 as US Dollar loses ground
NZD/USD gains 0.75% on Friday and trades around 0.5895 at the time of writing, with its rally losing some momentum as it approaches the psychological 0.5900 level.
Fri, Aug 14
Natural gas: Tight European balance and storage risks – Commerzbank
Commerzbank’s Norman Liebke stresses that European natural gas remains structurally tighter than Oil as Qatar LNG is cut off and US cargoes are redirected to Asia.
Fri, Aug 14
Silver Price Forecast: XAG/USD holds gains but struggles for fresh momentum
Silver (XAG/USD) trades on the front foot on Friday but lacks strong follow-through and remains within the narrow range seen this week. At the time of writing, XAG/USD trades around $65 after bouncing from an intraday low of $63.51.
Fri, Aug 14
Euro: Spreads support upside bias against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret report EUR/USD trading in the mid-1.15s with modest gains versus the US Dollar (USD), supported by euro area Gross Domestic Product (GDP) and a return to trade surplus.
Fri, Aug 14
EUR/GBP stuck in a tight range as traders observe the war
EUR/GBP has traded in a tight range around the mid-0.8500s on Friday, little changed on the day. The latest Eurozone figures came in close to forecasts, and they did nothing to push the pair out of the range it has held all week.
Fri, Aug 14
ASEAN FX: Regional data and growth concerns – MUFG
MUFG analysts focus on several ASEAN indicators for regional currencies. They flag Singapore’s July non-oil domestic exports after June’s strong 20.7% year-on-year rise, and expect Malaysia’s CPI to stay contained at 1.9% year-on-year.
Fri, Aug 14
Canada: Core softness guides BoC path – TD Securities
TD Securities’ Robert Both expects Canadian headline CPI to rise to 2.9% year-on-year in July, driven by higher gasoline and food prices, while ex. food/energy components stay muted.
Fri, Aug 14
Indonesia: Policy continuity supports Rupiah – ING
ING’s Lynn Song expects Bank Indonesia to keep its benchmark rate unchanged at 5.75% this week, prioritizing Rupiah stability while avoiding an immediate hike. The report highlights BI’s growing reliance on non-rate tools such as SRBI yields and FX intervention.
Fri, Aug 14
British Pound advances as weak US sales deepen USD slide
The Pound Sterling rises by some 0.40% on Friday as a batch of US data justifies the Fed's dovish approach, with consumer sentiment deteriorating while the disinflation process improved. The GBP/USD trades at 1.3545 after bouncing off daily lows of 1.3482.
Fri, Aug 14
Japanese Yen: Policy risks support gains against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret observe USD/JPY trading near 159, with modest Japanese Yen (JPY) gains offering reassurance to the Ministry of Finance (MoF) after recent weakness.
Fri, Aug 14
