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.
Japanese Yen trades near multi-year low on Fed hawkish bias, Japan intervention risk
USD/JPY trades around 160.85 on Thursday at the time of writing, up 0.12% on the day after reaching 160.95, its highest level since July 2024.
Thu, Jun 18
United Kingdom: Inflation risks and Bank Rate path – RaboResearch
RaboResearch Global Economics & Markets discusses the Bank of England’s decision to keep Bank Rate at 3.75% with a 7–2 split, noting that two members preferred a 25bp hike. The sharp fall in energy prices suggests inflation may peak below earlier projections.
Thu, Jun 18
Canadian Dollar: Range-bound trading bias outlined – NBC
National Bank of Canada (NBC) discusses USD/CAD, noting recent moves and the bank’s expectations for the pair. The report highlights key support and resistance levels and outlines scenarios under which USD/CAD could break out of its current range.
Thu, Jun 18
Ripple Price Forecast: XRP risks extending drop as June lows come into view
Ripple (XRP) ticks down below $1.20 with short-term support at $1.16 intact at the time of writing on Thursday. An early-week rally was rejected at $1.28, weighing on sentiment as traders broadly de-risked.
Thu, Jun 18
Norwegian Krone: August hike prospects rise – Nomura
Nomura economists Josie Anderson, George Buckley, Andrzej Szczepaniak and David Seif note that Norges Bank kept its policy rate at 4.25% in June but delivered hawkish guidance and a higher rate path.
Thu, Jun 18
ECB’s Lane says further rate hikes remain justified even under milder outlook
The European Central Bank (ECB) remains committed to maintaining a restrictive monetary policy stance in order to contain the inflationary impact of the energy shock, even under a milder economic scenario.
Thu, Jun 18
Canada Employment Insurance Beneficiaries Change (MoM) declined to -0.5% in April from previous 0.4%
Canada Employment Insurance Beneficiaries Change (MoM) declined to -0.5% in April from previous 0.4%
Thu, Jun 18
United States Initial Jobless Claims dropped to 226K last week
According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance shrank to 226K for the week ending June 13.
Thu, Jun 18
Canadian Dollar dips as Fed hawkish outlook, weaker Oil pressure CAD
USD/CAD trades around 1.4130 on Thursday, up 0.21% on the day, as the US Dollar (USD) maintains a positive tone following the Federal Reserve’s (Fed) monetary policy decision. The pair continues to hold above the 1.4100 level, supported by a reassessment of US interest rate expectations.
Thu, Jun 18
United States Continuing Jobless Claims above expectations (1.8M) in June 5: Actual (1.81M)
United States Continuing Jobless Claims above expectations (1.8M) in June 5: Actual (1.81M)
Thu, Jun 18
United States Philadelphia Fed Manufacturing Survey registered at 10.3 above expectations (10) in June
United States Philadelphia Fed Manufacturing Survey registered at 10.3 above expectations (10) in June
Thu, Jun 18
United States Initial Jobless Claims 4-week average: 223.25K (June 12) vs 219K
United States Initial Jobless Claims 4-week average: 223.25K (June 12) vs 219K
Thu, Jun 18
United States Initial Jobless Claims above forecasts (225K) in June 12: Actual (226K)
United States Initial Jobless Claims above forecasts (225K) in June 12: Actual (226K)
Thu, Jun 18
Canada Industrial Product Price (MoM) below expectations (1.8%) in May: Actual (1.2%)
Canada Industrial Product Price (MoM) below expectations (1.8%) in May: Actual (1.2%)
Thu, Jun 18
Canada Raw Material Price Index registered at 0.7%, below expectations (1.1%) in May
Canada Raw Material Price Index registered at 0.7%, below expectations (1.1%) in May
Thu, Jun 18
Mexico Private Spending (YoY): 2.2% (1Q) vs previous 4%
Mexico Private Spending (YoY): 2.2% (1Q) vs previous 4%
Thu, Jun 18
Mexico Private Spending (QoQ) fell from previous 1% to -0.8% in 1Q
Mexico Private Spending (QoQ) fell from previous 1% to -0.8% in 1Q
Thu, Jun 18
Crypto Today: Bitcoin, Ethereum and XRP pare losses on increasing bets of Fed tighter monetary policy
Cryptocurrency prices are broadly moderating downwards on Thursday, as market participants assess the impact of the Federal Reserve’s (Fed) hawkish monetary policy stance. Bitcoin (BTC) edges lower, with support at $64,000 holding.
Thu, Jun 18
Swiss Franc: SNB steady with FX intervention option – Nomura
Nomura reports that the Swiss National Bank kept its policy rate at 0.00% in June and reiterated an increased willingness to intervene in FX markets if necessary to curb Swiss Franc strength.
Thu, Jun 18
Euro rallies against the British Pound as BoE leaves rates unchanged
The Euro (EUR) accelerated its recovery against a weaker British Pound (GBP) on Thursday, following the Bank of England’s (BoE) decision to leave interest rates unchanged.
Thu, Jun 18
