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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.

British Pound hangs near one-week low, eyes 1.3300 as Fed hike bets lift USD

The GBP/USD pair turns lower for the second straight day following an intraday uptick to the 1.3355 region on Wednesday, sliding back closer to a one-and-a-half-week low, which it touched the previous day.

Silver Price Forecast: XAG/USD surges to near $53 despite rising US bond Yields

Silver price (XAG/USD) is up almost 3% to near $53.00 during the European trading session on Wednesday.

Euro holds ground against Canadian Dollar amid weaker oil prices

EUR/CAD inches higher after posting minor losses in the previous day, trading around 1.5840 during European hours on Wednesday. The currency cross holds ground following the release of final German inflation data.

Fed repricing lifts US Dollar Index – Deutsche Bank

Deutsche Bank’s Henry Allen and colleagues note that a stronger US CPI print and hawkish Federal Reserve rhetoric triggered a sharp repricing of Fed expectations, lifting the Dollar Index and weighing on EUR/USD. Markets now fully price a 25 bp Fed hike in December and see some risk of 50 bp, while US yields surged across the curve, reinforcing Dollar strength.

British Pound turns lower as bulls shrug hawkish BoE; downside seems limited vs weak Yen

The GBP/JPY cross attracts fresh sellers following an intraday uptick to the 212.15-212.20 area on Wednesday, retreating to the lower end of its daily range during the first half of the European session.

US Treasuries: Bear flattening as markets price more hikes – TD Securities

TD Securities reports that US Treasuries bear flattened sharply after stronger US CPI and hawkish comments from Governor Waller led markets to price in additional Fed tightening.

Dow Jones futures surge as easing geopolitical risks, AI earnings revive market sentiment

Dow Jones futures gain 0.16% to trade around 52,400 during the European hours on Wednesday. Meanwhile, S&P 500 futures advance 0.60% to trade around 7,590 and Nasdaq 100 futures rise 1.45% to trade around 28,230.

Euro: Knot signals ECB readiness for new tools – Rabobank

Rabobank’s Global Daily flags comments from Dutch European Central Bank (ECB) presidential candidate Klaas Knot, who told the Financial Times that the ECB would not hesitate to act if circumstances require.

Federal Reserve: December rate hike expectations reinforced – Commerzbank

Commerzbank’s Dr. Christoph Balz highlights that persistent US inflation keeps pressure on the Federal Reserve to tighten further.

ECB’s Nagel: German growth likely to accelerate in Q4

The comments from Bundesbank President Joachim Nagel, also a member of the European Central Bank (ECB) Governing Council, released during the European trading session on Wednesday, signaled that he is optimistic on German economic growth in the last quarter this year.

EUR/GBP Price Forecast: Euro stalls below 0.8370 as Crude recovery weighs

The Euro (EUR) trades practically flat against the British Pound (GBP) on Wednesday, as the rebound in Oil prices is offsetting the positive risk sentiment. The EUR/GBP pair holds above the top of the previous trading range, at 0.8360 so far, but remains unable to find acceptance above 0.8370.

US Dollar Index Price Forecast: Eyes symmetrical triangle top at 102.50

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground for the second successive day and trading near 102.40 during the European hours on Wednesday.

Forex Today: US Dollar shows resilience after US inflation data

Here is what you need to know on Wednesday, November 11:

Bitcoin Price Forecast: BTC at risk of sharp moves as leverage builds in derivatives markets

Bitcoin (BTC) remains in a capped tone, trading around $73,800 on Wednesday after slipping to a low of $72,727 following the previous day’s hot US inflation figures.

USD/CAD Price Forecast: Debate over size of Fed’s next rate hike backs further upside

The Canadian Dollar (CAD) continues to under perform the US Dollar (USD) due to multiple headwinds. Lower oil prices due to United States (US)-Iran deal hopes and fresh fears of aggressive Federal Reserve (Fed) monetary tightening have strengthened the USD/CAD pair.

Australian Dollar lacks bullish conviction as Fed hike bets continue to support USD

The AUD/USD pair gains some positive traction on Wednesday and moves away from its lowest level since late March, near the 0.6845-0.6840 zone set the previous day.

Euro remains on its back foot as German CPI confirms easing price pressures

The Euro (EUR) extends losses against the US Dollar (USD) for the second consecutive day, on Wednesday, failing to find support in the final German inflation release.

Chainlink Price Forecast: LINK holds at $10 as Moody’s Ratings completes CCIP testnet pilot

Chainlink (LINK) hovers above $10 on Wednesday, struggling to find its footing amid a roughly 30% decline over the last five weeks.

Swiss Franc declines amid divergent Fed-SNB rate outlooks

USD/CHF extends its gains for the second consecutive day, trading around 0.8260 during early European hours on Wednesday. The currency pair continues to appreciate as the US Dollar (USD) remains firm following the latest US inflation report.

WTI Price Forecast: Clings to gains above mid-$85.00s; bearish potential seems intact

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts some buyers on Wednesday, looking to extend the previous day's goodish rebound from the $83.00 neighborhood, or its lowest level since late August.

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