FXStreet
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Gold price rebounds from one-month low amid risk-off impulse; upside seems limited
Gold price (XAU/USD) stages a goodish recovery from a one-month trough, around the $2,584-$2,583 region touched during the Asian session on Thursday and for now, seems to have snapped a two-day losing streak.
Dec 19, 2024
GBP/USD edges higher to near 1.2600 ahead of BoE rate decision
GBP/USD gains ground after declining more than 1% following the Federal Reserve’s (Fed) hawkish cut on Wednesday, trading around 1.2590 during the Asian hours on Thursday.
Dec 19, 2024
WTI posts modest gains to near $69.50 as US crude stocks fall
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $69.50 on Thursday. The WTI price posts modest gains as US crude inventories fell and the US Federal Reserve (Fed) lowered its key interest rate by a quarter percentage point on Wednesday.
Dec 19, 2024
Japanese Yen hangs near one-month low against USD; BoJ decision awaited
The Japanese Yen (JPY) will be in the spotlight this Thursday as the Bank of Japan (BoJ) is scheduled to announce its final policy decision of the year. The BoJ is widely expected to keep interest rates steady, though it might signal a potential rate hike in January.
Dec 19, 2024
Powell speech: Rate hike does not appear to be a likely outcome next year
Federal Reserve Chairman Jerome Powell explains the decision to cut the policy rate, federal funds rate, by 25 basis points to the range of 4.25%-4.5% after the December meeting and responds to questions in the post-meeting press conference.
Dec 19, 2024
EUR/USD remains on the defensive below 1.0400 on hawkish Fed rate cut
The EUR/USD pair weakens to near 1.0370 during the Asian trading hours on Thursday. The hawkish rate cut by the US Federal Reserve (Fed) lifts the US Dollar (USD) and drags the major pair lower.
Dec 19, 2024
Bank of Japan set to hold interest rates steady as rising inflation hints at early-year hike
After concluding its two-day monetary policy review on Thursday, the Bank of Japan (BoJ) is expected to hold the short-term interest rate at 0.25%.
Dec 19, 2024
Bitcoin Price Forecast: BTC edges down ahead Fed decision
Bitcoin (BTC) price edges slightly down, trading around $104,100 ahead of the US Federal Reserve (Fed) decision on interest rates on Wednesday.
Dec 18, 2024
USD/JPY pullback stalls above 153.00 with investors awaiting the Fed
The US Dollar maintains its upside trend from early December lows intact.
Dec 18, 2024
Crude Oil finds floor after surprise drawdown in US stockpiles
Oil prices are trading back around $70.00 after a surprise drawdown in US API data.
Dec 18, 2024
ECB’s Wunsch: Four more rate cuts is a meaningful scenario that I feel relatively comfortable with
European Central Bank (ECB) policymaker Pierre Wunsch said on Wednesday that “four more rate cuts is a meaningful scenario that I feel relatively comfortable with.” Additional quotes Impact of tariffs depends on reaction in the exchange rate.
Dec 18, 2024
South Korea: Will actively respond to excessive volatility in the forex market
South Korean Foreign Minister Cho Tae-yul said on Wednesday, “they will actively respond to excessive volatility in the forex market.”
Dec 18, 2024
EUR/USD strengthens above 1.0500, all eyes are on Fed rate decision
The EUR/USD pair holds positive ground to near 1.0505 during the early European session on Wednesday.
Dec 18, 2024
Gold price edges higher ahead of Fed decision; upside potential seems limited
Gold price (XAU/USD) builds on the overnight bounce from the $2,633 area, or over a one-week low and attracts some buyers during the Asian session on Wednesday.
Dec 18, 2024
Ripple's XRP struggles near $2.58 resistance as investors realize $1.5 billion in profits
Ripple (XRP) is up 3% on Wednesday after witnessing significant profit-taking among its investors following the launch of the RLUSD stablecoin. Whales have soaked up the selling pressure from profit-takers as XRP struggles near the $2.58 resistance level.
Dec 18, 2024
Australian Dollar depreciates as US Dollar remains solid ahead of Fed decision
The Australian Dollar (AUD) extends its losses for the second successive session against the US Dollar (USD) on Wednesday. Traders are bracing for a potential 25 basis point rate cut by the US Federal Reserve (Fed) later in the North American session.
Dec 18, 2024
GBP/USD remains mired near 1.2700 as central bank decisions loom large
GBP/USD stretched into a two-day winning streak on Tuesday, gaining one-fifth of one percent and recapturing the 1.2700 handle, but only just.
Dec 18, 2024
EUR/USD unplugs bullish attempt, slips back below 1.05
Bullish momentum behind the Euro evaporated on Tuesday, dragging the pair back beneath the 1.0500 handle as traders buckle down for the wait to the Federal Reserve’s (Fed) last rate call of 2024.
Dec 18, 2024
WTI holds below $70.00 as weak Chinese data sparks demand concerns
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $69.70 on Wednesday. The WTI price edges lower amid the renewed concerns about Chinese demand. Investors remains cautious ahead of the US Federal Reserve (Fed) interest rate decision on Wednesday.
Dec 18, 2024
Gold dives as markets anticipate a hawkish Fed cut
Gold fails at $2,665 and resumes its near-term bearish trend as the US Dollar picks up.
Dec 17, 2024
