FXStreet
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EUR/USD sticks to positive bias around 1.0500 ahead of ECB; not out of the woods yet
The EUR/USD pair edges higher during the Asian session on Thursday and for now, seem to have snapped a four-day losing streak to over a one-week low touched the previous day.
Dec 12, 2024
WTI edges higher to near $70.00 on China stimulus, New EU sanctions against Russia
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $69.95 on Thursday.
Dec 12, 2024
Japanese Yen trims part of its weekly losses against USD; upside potential seems limited
The Japanese Yen (JPY) gains some positive traction during the Asian session on Thursday, with the USD/JPY pair snapping a three-day winning streak to a two-week high touched the previous day.
Dec 12, 2024
Australian Dollar remains stronger after the release of employment data
The Australian Dollar (AUD) halts its two days of losses against the US Dollar (USD) on Thursday. The AUD remains stronger after the release of domestic mixed employment data.
Dec 12, 2024
EUR/USD trudges lower ahead of ECB rate call
EUR/USD fell for a fourth straight day on Wednesday, shedding one quarter of one percent and easing into the 1.0500 handle as the European Central Bank’s (ECB) latest rate call hangs over Fiber traders.
Dec 12, 2024
NZD/USD posts modest gains to near 0.5800 as Trump trade risks loom
The NZD/USD pair trades with mild gains around 0.5790 during the early Asian session on Thursday. Trump trade risks continue to undermine the China-proxy New Zealand Dollar (NZD).
Dec 12, 2024
Ripple's XRP eyes massive rally after posting bullish flag, high profit-taking poses threat
Ripple's XRP continued its rally on Wednesday as it looks to test the upper boundary of a key flag channel. Following the recent price rise, investors booked profits worth nearly $800 million while options traders bet on the remittance-based token hitting the $5 mark.
Dec 12, 2024
Chinese policymakers are considering a weaker Yuan as Trump trade risks loom
On Wednesday, China’s top leaders and policymakers are considering letting the Chinese Yuan fall to weather what is likely to be a sharp hike in tariffs, per Reuters.
Dec 12, 2024
Bitcoin Price Forecast: BTC faces setback from Microsoft’s rejection
Rising institutional inflows, Ray Dalio’s endorsement of BTC, and Mara Digital and Riot Platforms’ increased Bitcoin holdings provide some support.
Dec 11, 2024
Crude Oil rebounds amidst Middle East flare-up
Oil prices are gaining some momentum with the heightened tensions in the Middle East.
Dec 11, 2024
US Dollar keeps gains ahead of US CPI data, key for determining Fed outcome
The US Dollar edges up slightly ahead of the US CPI report for November.
Dec 11, 2024
BoC set to cut interest rate again as inflation steadies and growth slows
The Bank of Canada (BoC) will announce its decision on monetary policy on Wednesday.
Dec 11, 2024
Forex Today: US CPI data and BoC rate decision to lift market volatility
Here is what you need to know on Wednesday, December 11: The US Dollar (USD) stays resilient against its major rivals early Wednesday, with the USD Index holding comfortably above 106.00.
Dec 11, 2024
WTI continue to rise toward $69.00 due to improved demand outlook in China
West Texas Intermediate (WTI) Oil price extends its gains for the third successive session, trading around $68.80 per barrel during Asian hours on Wednesday.
Dec 11, 2024
EUR/USD stays below 1.0550 as traders exercise caution ahead of the US CPI
EUR/USD remains subdued for the fourth consecutive day, trading around 1.0530 during the Asian session on Wednesday.
Dec 11, 2024
Gold price retreats from over two-week top; bulls turn cautious ahead of US CPI
Gold price (XAU/USD) prolongs its weekly uptrend for the third consecutive day on Wednesday and climbs to a two-and-half-week high during the Asian session.
Dec 11, 2024
US CPI inflation set to rebound slightly in November, core to remain high
The US Consumer Price Index (CPI) report for November, a key measure of inflation, will be unveiled on Wednesday at 13:30 GMT by the Bureau of Labor Statistics (BLS).
Dec 11, 2024
Australian Dollar steadies despite a market caution ahead of US CPI
The Australian Dollar (AUD) hovers against the US Dollar (USD) on Wednesday after experiencing losses in the previous session.
Dec 11, 2024
Could Google's supercomputer crack Bitcoin? Crypto community maintains positive outlook
Bitcoin faced mixed sentiments on Tuesday after crypto community members spoke on the potential of Google's new quantum chip Willow's ability to crack blockchain networks and render the security of public key cryptography useless.
Dec 11, 2024
WTI remains capped below $68.50 on disappointing Chinese data, surprise climb in crude inventories
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $68.20 on Wednesday. The WTI price remains on the defensive amid a surprise climb in crude inventories and weak demand outlooks, particularly in China.
Dec 11, 2024
