FXStreet
76616 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.
Australian Dollar: Softer inflation tempers rate hike odds – MUFG
MUFG’s Lee Hardman notes that the Australian Dollar, a beneficiary of AI-related demand, has weakened after another softer-than-expected Australian Consumer Price Index (CPI) release.
Wed, Jul 29
Canadian Dollar gains as oil prices rebound
USD/CAD extends its losses for the second consecutive day, trading around 1.4090 during the European hours on Wednesday.
Wed, Jul 29
US Dollar: Long positioning faces FOMC risk – DBS
DBS Bank’s Philip Wee notes that Dollar bulls have built substantial long USD positions ahead of the FOMC, encouraged by Brent’s sharp rebound and expectations of a surprise rate hike by Chairman Kevin Warsh.
Wed, Jul 29
Silver Price Forecasts: XAG/USD returns above $58.00 as US Dollar weakens
Silver (XAG/USD) shows a moderate bullish tone on Wednesday, following a two-day reversal, with price action returning to levels above the $58.00 line at the early European trading session.
Wed, Jul 29
US Dollar Index Price Forecast: Likely remain subdued as Fed’s policy decision awaited
The US Dollar (USD) trades marginally lower in the European trade on Wednesday, reflecting caution ahead of the Federal Reserve’s (Fed) monetary policy announcement at 18:00 GMT.
Wed, Jul 29
Federal Reserve: Poised decision keeps markets on edge – Deutsche Bank
Deutsche Bank’s US economists expect the Federal Reserve to leave rates unchanged at a highly uncertain FOMC meeting, with markets pricing a significant chance of a hike.
Wed, Jul 29
WTI trades near $81.00 after rebounding amid supply fears mount
West Texas Intermediate (WTI) oil price gains ground after three days of losses, trading around $81.00 per barrel during the European hours on Wednesday.
Wed, Jul 29
Oil: Persian Gulf risks support prices – ING
ING analysts Warren Patterson and Ewa Manthey note Brent rebounded over 4% after recent losses as renewed attacks on US troops and Saudi energy infrastructure undermine prospects for a US–Iran deal.
Wed, Jul 29
Forex Today: Mood sours as Mideast conflict widens, focus shifts to Fed
Here is what you need to know on Wednesday, July 29:
Wed, Jul 29
Euro: Softer Fed signals may lift EUR against US Dollar – Commerzbank
Commerzbank’s Antje Praefcke argues that the FOMC under Chair Kevin Warsh is likely to deliver a "hawkish hold", with markets already pricing at least one Fed rate hike by year-end.
Wed, Jul 29
NEAR Protocol Price Forecast: NEAR risks a 15% drop as retail demand wanes
NEAR Protocol (NEAR) is trading in the red for the third consecutive day on Wednesday, bringing losses to more than 10% so far this week. Retail support for NEAR wanes, with its futures Open Interest (OI) and funding rate decreasing.
Wed, Jul 29
Indian Rupee: Hedging demand rises on bond gains – BNY
BNY’s Geoff Yu highlights that INR faces strong selling pressure from a rebalancing perspective, as Indian bonds have outperformed major peers. With INR flows broadly flat, FX exposure has risen and investors are advised to keep hedging elevated after strong duration gains.
Wed, Jul 29
US Dollar: Hawkish Fed hold may support USD – MUFG
MUFG’s Lloyd Chan expects the Federal Open Market Committee (FOMC) to deliver a hawkish hold, with the Federal Reserve (Fed) keeping rates unchanged while stressing elevated inflation risks. He notes softer recent US data but highlights that markets still price some probability of a July hike.
Wed, Jul 29
Iraqi PM calls for urgent security meeting after Saudi-US strikes
Iraqi Prime Minister (PM) Ali Faleh al-Zaydi has called for an urgent security meeting on Wednesday following joint military operation from Saudi Arabia and the United States (US), according to a statement.
Wed, Jul 29
Equities: Record highs with tech under pressure – Deutsche Bank
Deutsche Bank analysts note that lower oil prices and bond yields supported US equities, helping the equal-weighted S&P 500 reach a record high as investors rotated into defensive and non-tech sectors.
Wed, Jul 29
Japanese Yen recovery halts below 163.30 US Dollar with Fed’s decision on tap
The Japanese Yen (JPY) has trimmed some losses against the US Dollar (USD) on Wednesday, but USD/JPY dips have been capped above previous highs, in the 163.30 area so far.
Wed, Jul 29
Oil: Volatile on Iran conflict swings – UOB
UOB strategists report that Oil prices initially fell sharply as the United States (US) military campaign against Iran remained paused, with WTI dropping to USD 79.26 and Brent to USD 84.10.
Wed, Jul 29
Iran officially rejects Oman’s regional joint Hormuz management proposal
According to a senior official from Iran, the nation doesn’t support Oman's proposal for regional joint management of Strait of Hormuz, a critical chokepoint for almost 20% of global energy supply.
Wed, Jul 29
Euro edges higher against US Dollar, focus is on Fed’s policy
The Euro (EUR) ticks higher against the US Dollar (USD) at around 1.1393 during the European trading session on Wednesday. The major currency pair edges up as the US Dollar is slightly down ahead of the Federal Reserve’s (Fed) monetary policy announcement at 18:00 GMT.
Wed, Jul 29
Japanese Yen: Fed and energy drivers outweigh BoJ – ING
ING’s Chris Turner and Padhraic Garvey expect the Bank of Japan to keep its policy rate at 1.00% on 31 July, with any modestly hawkish shift seen as unlikely to materially boost the Yen or change the USD/JPY trajectory.
Wed, Jul 29
