FXStreet
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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.
Australian Dollar edges up, RBA hawkish hold does little to revive rate hike expectations
The Australian Dollar (AUD) attracts bids against its major currency peers after the Reserve Bank of Australia’s (RBA) monetary policy decision, but is still trading marginally lower at around 0.7050 against the US Dollar (USD) during the European trading session on Tuesday.
Tue, Aug 11
Canadian Dollar remains near two-month highs against US Dollar as Oil prices rise
USD/CAD trades around 1.3935 on Tuesday at the time of writing, virtually unchanged on the day with a modest 0.03% decline.
Tue, Aug 11
WTI Oil hits fresh highs at $83.50 as Hormuz reopening hopes vanish
Oil prices rally for the second consecutive day on Tuesday, with the barrel of the US benchmark West Texas Intermediate (WTI) trading at $83.50 during the European trading session.
Tue, Aug 11
Federal Reserve: Dovish repricing on data and inflation focus – BNY
John Velis at BNY Markets reiterates that he expects no Federal Reserve rate hikes this year, even as risks remain skewed to the upside.
Tue, Aug 11
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $64.78 per troy ounce, down 2.72% from the $66.59 it cost on Monday.
Tue, Aug 11
Brent: Inflation risks rise with Hormuz standoff – Deutsche Bank
Deutsche Bank strategists highlight that Brent Oil has broken above $85, closing near $88 as the Strait of Hormuz remains shut and rhetoric between the US and Iran escalates.
Tue, Aug 11
US Dollar: Volatility sinks as carry trades hold – ING
ING’s Chris Turner notes that FX volatility is falling as investors appear comfortable with the Federal Reserve holding or potentially tightening rates in September.
Tue, Aug 11
British Pound sits near one-week top, above 215.00 vs weak Yen ahead of UK GDP
The GBP/JPY cross recovers a modest intraday dip and climbs above the 215.00 psychological mark during the first half of the European session on Tuesday.
Tue, Aug 11
Euro falls against Canadian Dollar as US-Iran tensions heighten oil supply concerns
EUR/CAD continues its losing streak for the fifth consecutive day, trading around 1.6080 during the European hours on Tuesday. The Euro (EUR) is under pressure as rising risk aversion, driven by escalating US-Iran tensions, weighs on the cross.
Tue, Aug 11
Japanese Yen: Yield outlook fails to lift Yen – Societe Generale
Societe Generale strategists note the Japanese Yen (JPY) remains the main G10 laggard despite higher domestic yields and Bank of Japan (BoJ) tightening.
Tue, Aug 11
EUR/GBP Price Forecast: Under growing bearish pressure below 0.8550
The Euro (EUR) extends losses for the second consecutive day against the British Pound (GBP) on Tuesday, weighed by a cautious market mood as hopes of a swift end to Iran’s war wane and Oil prices climb. The EUR USD pair remains capped below 0.8550 after hitting two-week lows at 0.8536 on Monday.
Tue, Aug 11
Australian Dollar : Hawkish hold keeps risks alive – TD Securities
TD Securities’ Prashant Newnaha and Alex Loo note that the Reserve Bank of Australia left the cash rate at 4.35% in a unanimous decision, with the Statement and updated forecasts sounding less hawkish than expected.
Tue, Aug 11
Dow Jones futures slip as US-Iran tensions, rate hike fears weigh on sentiment
Dow Jones futures decline by 0.11% to trade around 54,000 during European hours on Tuesday. Meanwhile, S&P 500 futures are steady around 7,770 and Nasdaq 100 futures gain 0.12%, trading near 29,770.
Tue, Aug 11
US Dollar Index Price Forecast: Supported by rising Oil prices
The US Dollar (USD) extends its Monday recovery move on Tuesday, as rising Oil prices due to prolonged fears of energy supply disruption keep global inflation expectations de-anchored.
Tue, Aug 11
Hungarian Forint: Near-term gains against Euro before renewed pressure - Commerzbank
Commerzbank’s Tatha Ghose describes recent Forint weakness as a high-beta correction that only partly erases post-election outperformance.
Tue, Aug 11
New Zealand Dollar declines as US Dollar rebounds on safe-haven demand
NZD/USD extends its losses for the second successive day, trading around 0.5880 during the European hours on Tuesday. The pair depreciates as the US Dollar (USD) gains on increased safe-haven demand amid heightened geopolitical tensions.
Tue, Aug 11
Italy Trade Balance EU: €1.577B (June) vs €0.845B
Tue, Aug 11
Italy Global Trade Balance registered at €4.232B, below expectations (€4.74B) in June
Tue, Aug 11
Japanese Yen struggles below 159.00 vs USD amid fiscal woes, US-Japan rate gap
The USD/JPY pair reverses an intraday dip to sub-159.00 levels and climbs to the top end of its daily range during the early part of the European session on Tuesday.
Tue, Aug 11
Equities: Risk sentiment holds despite oil and rates – Deutsche Bank
Deutsche Bank strategists report that US equities saw modest losses as Oil extended gains, with the S&P 500 easing slightly from record highs and chipmakers leading declines. Energy and health care outperformed.
Tue, Aug 11
