FXStreet
72669 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.
Japanese Yen stays subdued below 161.90 as Fed caution limits Dollar weakness
USD/JPY trades slightly negative below the 161.90 area as the Japanese Yen (JPY) finds modest support, while the US Dollar (USD) remains underpinned by cautious remarks from New York Fed President John Williams and lingering inflation concerns.
Tue, Jul 7
Chinese Yuan: PBoC strengthens Hong Kong hub and links – BNY
BNY’s Geoff Yu reports that the People's Bank of China (PBoC) expanded the Renminbi (RMB) Business Facility and Southbound Bond Connect quotas, boosting Hong Kong’s role as the main offshore yuan hub.
Tue, Jul 7
Gold stalls below $4,200 as inflation fears rise
Gold (XAU/USD) price retreats by 0.44% on Tuesday as the yellow metal fails to clear $4,200 amid rising US consumer inflation expectations and threats of a resumption of hostilities in the Middle East, following reports of attacks in the Strait of Hormuz.
Tue, Jul 7
Canadian Dollar sees through its own record surplus
Canada delivered the kind of trade headline that should have put a firm bid under the Loonie, and the currency barely noticed.
Tue, Jul 7
Singapore Dollar: Range consolidation holds against US Dollar – Commerzbank
Commerzbank’s Charlie Lay highlights that USD/SGD has been stable around 1.2920, with SGD NEER estimated at roughly +0.8% above its mid-point. The pair has traded within a 1.29–1.30 range for a month and Lay expects near-term consolidation.
Tue, Jul 7
USD/CAD Price Forecast: Buyers retain the upper hand even as momentum weakens
USD/CAD edges lower on Tuesday even as the US Dollar (USD) holds firm, with the Canadian Dollar (CAD) drawing support from a modest rebound in crude Oil prices following renewed attacks on commercial vessels near the Strait of Hormuz. At the time of writing, the pair is trading around 1.4188.
Tue, Jul 7
Indonesia: Deficit seen contained – UOB
UOB Global Economics & Markets Research economists Enrico Tanuwidjaja and Vincentius Ming Shen assess Indonesia’s fiscal metrics, noting a primary surplus in May despite rapid expenditure growth.
Tue, Jul 7
United States 3-Year Note Auction down to 4.179% from previous 4.192%
United States 3-Year Note Auction down to 4.179% from previous 4.192%
Tue, Jul 7
Swiss Franc's rebound runs on empty
There is a certain honesty to a currency with nothing to say for itself, and the Swiss Franc spent Tuesday doing exactly that. With not one Swiss data release on the calendar this week, the Franc has no story of its own, leaving USD/CHF to drift on whatever the Dollar side of the tape serves up.
Tue, Jul 7
Dow Jones Industrial Average tags a record, then hides behind its dullest stocks
The Dow Jones Industrial Average spent Tuesday arriving late to a party the rest of the market had already begun to leave.
Tue, Jul 7
Ondo launches Perps with 20x leverage on tokenized stocks
Ondo Finance has expanded its financial services suite to include perpetual futures contracts for tokenized stocks. The platform, referred to as Ondo Perps, will provide 24/7 trading and over 20x leverage, utilizing tokenized stocks as collateral.
Tue, Jul 7
New Zealand Dollar weakens as Middle East tensions lift US Dollar ahead RBNZ hike
NZD/USD trades around 0.5685 at the time of writing on Tuesday, down 0.26% on the day.
Tue, Jul 7
Germany: Factory recovery prospects – Commerzbank
Commerzbank’s Dr. Ralph Solveen notes that German industrial output rose 0.9% in May versus April, leaving April–May production slightly above the first-quarter average.
Tue, Jul 7
WTI climbs over 2% as Strait of Hormuz attacks revive supply concerns
West Texas Intermediate (WTI) crude Oil edges higher on Tuesday as fresh attacks near the Strait of Hormuz threaten the recovery in shipping seen in recent weeks following the interim US-Iran peace deal. At the time of writing, WTI is trading around $70.44, up about 2.65% on the day.
Tue, Jul 7
British Pound slips as Hormuz attacks revive USD demand
The Pound Sterling retreats against the US Dollar on Tuesday as tensions in the Middle East rise, following reports of attacks on two ships in the Strait of Hormuz. The GBP/USD trades at 1.3373, down 0.11%.
Tue, Jul 7
Canada: Trade surplus widens as investment rises – RBC
Royal Bank of Canada (RBC) economists Abbey Xu and Nathan Janzen note that Canada’s merchandise trade surplus increased to $4.2 billion in May from $3.4 billion in April, as exports grew and imports slipped.
Tue, Jul 7
Euro: Upside bias against US Dollar as ECB repriced – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret report the Euro (EUR) is slightly softer versus the US Dollar (USD) but supported by a sharp recovery in yield spreads and stronger German industrial production.
Tue, Jul 7
United States 52-Week Bill Auction increased to 3.86% from previous 3.75%
United States 52-Week Bill Auction increased to 3.86% from previous 3.75%
Tue, Jul 7
Australian Dollar falls amid cautious Fedspeak
AUD/USD declines toward 0.6940 as the Australian Dollar (AUD) loses momentum, while the US Dollar (USD) remains supported by cautious remarks from the Federal Reserve (Fed) and lingering uncertainty over inflation.
Tue, Jul 7
Silver falls below $61 as markets await Fed minutes
Silver (XAG/USD) extends its decline for a second consecutive day on Tuesday, trading around $60.70 at the time of writing, down 2.21% on the day.
Tue, Jul 7
