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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.

USD/JPY Price Forecast: Eyes seven-week consolidation breakout

The Japanese Yen (JPY) trades weakly against the US Dollar (USD) on Wednesday, with the USD/JPY pair hovering near its almost seven-week high of around 159.00.

Pi Network Price Forecast: PI extends gains against a bearish market backdrop

Pi Network (PI) continues to attract some buyers on Wednesday after an over 8% rebound the previous day. PI token sustains above $0.070 as the price extends its rebound after reaching an oversold level, decoupling from the broader market correction.

Indian Rupee extends rally amid continued FIIs buying, lower oil prices

The Indian Rupee (INR) continues to outperform the US Dollar (USD) on the back of significant inflow of foreign funds into the Indian stock market and a continued decline in oil prices. In the opening trade, the USD/INR pair posts a fresh five-month low near 93.70.

EUR/USD Price Forecast: Sees fresh downside below 1.1100

The Euro (EUR) holds onto Tuesday’s losses at around 1.1166 against the US Dollar (USD) at the start of the European trading session on Wednesday.

Indonesian Rupiah weakens amid domestic political instability, stable US Dollar

USD/IDR gains ground after registering modest losses the previous day, trading around 18,140 during Asian hours on Wednesday. The currency pair advanced as the Indonesian Rupiah (IDR) came under pressure from heightened market caution following political instability in the country.

GBP/USD Price Forecast: Traders seem hesitant below 1.3300s; 200-SMA on H4 holds the key

The GBP/USD pair struggles to build on modest Asian session uptick beyond mid-1.3300s, though it holds above a one-and-a-half-week trough, touched the previous day.

India Gold price today: Gold rises, according to FXStreet data

Gold prices rose in India on Wednesday, according to data compiled by FXStreet.

Fed policy: December hike seen sealed with 50bps risk – TD Securities

TD Securities’ macro research team argues that the upside US CPI surprise and firm Core PCE projections make a December Fed rate hike virtually certain. They still favor a 25bp move but see rising odds of an additional hike in early 2027 and consider a 50bp “catch-up” move in December as a clear possibility, pending PPI data and further Fedspeak.

Dogecoin Price Forecast: DOGE slips to a new yearly low

Dogecoin (DOGE) recovers mildly, trading around $0.068 on Wednesday after hitting a new yearly low the previous day. Santiment data shows whale wallets offloading DOGE holdings, fueling near-term selling pressure.

US Dollar: Hot CPI lifts yields and Fed bets – Rabobank

Rabobank’s RaboResearch Global Economics & Markets team highlights that hotter-than-expected US CPI has pushed US 2-year and 10-year yields sharply higher, reviving talk of a possible 50 bps Federal Reserve hike. The report links the move to renewed inflation pressures in groceries, housing and services, and notes that this comes just after investors had rushed back into Treasuries.

US inflation: Core PCE range guidance – Societe Generale

Societe Generale’s Jan Groen analyzes October US inflation data, noting that October core CPI rose 0.3% month-on-month, surprising to the upside. He estimates PCE housing inflation at 0.28% and core-goods inflation around 0.25%. Depending on super-core PCE dynamics, core PCE inflation is projected in a 0.27%-0.33% range, with the October PPI release expected to refine these estimates.

New Zealand Dollar strengthens despite decreasing RBNZ rate hike odds

NZD/USD inches higher after posting over 0.5% losses in the previous day, trading around 0.5600 during Asian hours on Wednesday. However, the upside for the currency pair could remain capped as the New Zealand Dollar (NZD) faces potential headwinds.

Zcash Price Forecast: ZEC tests $1,000 support as hot US CPI data offsets Grayscale’s marketing

Zcash (ZEC) is down to almost $1,000 on Wednesday, facing intense selling pressure over the last five days, with losses totaling over 20%. The hotter-than-expected US monthly inflation data offset the Grayscale’s Zcash-focused marketing campaign and the sponsor fees contribution to the network.

Silver Price Forecast: XAG/USD bears have the upper hand below $53.00 pivotal resistance

Silver (XAG/USD) attracts some dip-buyers during the Asian session on Wednesday, reversing a part of the previous day's retracement slide from the $53.70-$53.75 region, or a one-and-a-half-week top.

United States Dollar Index steadies on Fed rate-hike odds

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining steady after registering over 0.5% gains in the previous day and trading around 102.20 during Asian hours on Wednesday.

Gold climbs to $4,050 as USD pauses hot CPI-led rally; Fed hike bets to cap upside

Gold (XAU/USD) attracts some dip buyers during the Asian session on Wednesday and climbs to the $4,050 level in the last session, reversing a part of the previous day's heavy losses.

Top 3 Price Predictions: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP extend losses as inflation heats up

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) extend their losses on Wednesday as hotter-than-expected US Consumer Price Index (CPI) figures weigh on risk appetite.

Australian Dollar attracts bids near 0.6850 against US Dollar, outlook remains uncertain

The Australian Dollar (AUD) gains ground against the US Dollar (USD) at around 0.6845, trading 0.2% higher to near 0.6878 in the Asian trade on Wednesday.

Canadian Dollar declines despite higher oil prices

USD/CAD remains stronger for the second successive day, trading around 1.4190 during Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) remains stronger following the latest inflation report, which cemented market expectations for a Federal Reserve rate hike in December.

Bitcoin leverage hits 99 percentile as Nasdaq correlation climbs

Bitcoin (BTC) is approaching a leverage level rarely seen in the past two years as the leading cryptocurrency continues to decline, according to a Tuesday report by K33.

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