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.
WTI remains depressed below $68.50; OPEC+ meeting eyed for fresh impetus
WTI drifts lower for the second successive day, though any meaningful slide seems elusive.
Dec 5, 2024
Breaking: Bitcoin price breaks above the $100K milestone
Bitcoin's (BTC) price surpassed the $100K mark on Thursday after its recent pullback last week.The momentum indicator, the Relative Strength Index (RSI), indicates a continuation of the uptrend, while the technical outlook suggests a rally toward $125K.
Dec 5, 2024
Australian Dollar attracts some sellers as weaker data spurs RBA rate cut speculation
The Australian Dollar (AUD) remains under selling pressure on Thursday. The disappointing Australian economic data and rising expectations for an early interest rate cut by the Reserve Bank of Australia (RBA) drag the Aussie lower.
Dec 5, 2024
Gold price edges higher on Powell’s comments
Gold price advances during Wednesday’s North American session, sponsored by mixed US economic data. Nevertheless, the non-yielding metal remained slightly subdued as Federal Reserve (Fed) Chair Jerome Powell crossed the wires. The XAU/USD trades at $2,652, up 0.35%.
Dec 5, 2024
Beige Book: Fed districts report slight growth, rising business optimism for 2025
The Federal Reserve (Fed) commented in its latest Beige Book survey released on Wednesday that US economic activity increased slightly in November after little change in preceding months, and US businesses grew more upbeat about demand prospects.
Dec 5, 2024
Fed’s Daly: No urgency to decrease interest rates
Federal Reserve Bank of San Francisco President Mary Daly said on Wednesday that the central bank does not need to be urgent on rate cuts and more work ahead to achieve 2% inflation and lasting growth.
Dec 5, 2024
US Dollar edges up as traders shift focus to no-confidence vote in France
The US Dollar ticks up ahead of the release of ADP private employment and ISM Services PMI data.
Dec 4, 2024
Crude Oil pops above $70 as traders gauge potential surprises in OPEC+ supply plans
Oil prices tick up for a second day in a row ahead of the OPEC+ meeting on Thursday.
Dec 4, 2024
ECB’s Rehn: I see policy easing continuing in the coming months
“I see policy easing continuing in the coming months,” European Central Bank (ECB) policymaker Olli Rehn said on Wednesday.
Dec 4, 2024
GBP/USD Price Forecast: Bearish bias remains unchanged below 1.2700
The GBP/USD pair trades in positive territory for the second consecutive day around 1.2690 during the early European session on Wednesday.
Dec 4, 2024
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Cryptomarket stabilizes after South Korea reverses martial law
Bitcoin price hovers around $95,700 on Wednesday; technical indicators show weakness.
Dec 4, 2024
NZD/USD rebounds slightly from one-week low, still deep in the red around mid-0.5800s
The NZD/USD pair attracts fresh sellers following the previous day's good two-way price move and drops to a one-week low during the Asian session on Wednesday.
Dec 4, 2024
Gold price remains confined in a familiar range; looks to Fed’s Powell for fresh impetus
Gold price (XAU/USD) extends its consolidative price move on Wednesday and oscillates in a narrow range below the $2,650 level during the Asian session.
Dec 4, 2024
Bank of Korea: Deploy measures to stabilize FX market as needed, USD/KRW defends 1,400
Bank of Korea (BoK), the South Korean central bank, said on Wednesday that it will “deploy various measures to stabilize the FX market as needed.
Dec 4, 2024
Fed's Goolsbee: Rates need to come down a fair amount over next year
Chicago Federal Reserve President Austan Goolsbee said on Tuesday said he sees interest rates needing to come down a "fair amount" over the next year as rates remain in restrictive policy, per Reuters.
Dec 4, 2024
EUR/USD trapped below 1.06
Several EU-centric datapoints are releasing on Wednesday, but most of the figures are final prints that are unlikely to move markets, and most investors are pivoting to face US Nonfarm Payrolls (NFP) jobs data due at the end of the week.
Dec 4, 2024
Ripple's XRP investors book over $4 billion in profits amid South Korea's declaration of martial law
Ripple's XRP is down 5% on Tuesday after news of South Korea declaring martial law sparked a surge in selling activity and significant profit-taking among investors. However, whales have stepped up buying pressure as the remittance-based token looks to stage a recovery.
Dec 4, 2024
Japanese Yen struggles to gain ground ahead of Jibun Bank Services PMI data
The Japanese Yen (JPY) trades in negative territory on Wednesday. The upbeat US Manufacturing PMI data and job openings data this week indicated that the US economy remains robust, lifting the Greenback.
Dec 4, 2024
USD/JPY Price Prediction: Potential for more downside
USD/JPY has found support just above the 100-day Simple Moving Average (SMA) at 148.96 and bounced.
Dec 3, 2024
Gold edges higher after Fed speakers talk up Christmas interest-rate cut
Gold (XAU/USD) edges higher to trade in the $2,640s on Tuesday after commentary from Federal Reserve (Fed) speakers led to an uptick in the probabilities of the Fed cutting interest rates at its December policy meeting.
Dec 3, 2024
