FXStreet
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China’s Commerce Ministry: Imposing tariffs arbitrarily on trade partners cannot solve problems within US
Commenting on US President-elect Donald Trunp’s tariff threat, Chinese Commerce Ministry said on Thursday that “China’s stance of opposing unilateral tariff increases has been consistent.” “Imposing tariffs arbitrarily on trade partners cannot solve the problems within the United States itself,” the
Nov 28, 2024
GBP/USD edges lower to near 1.2650 as latest US inflation report keeps Fed on alert
GBP/USD faces challenges due to increasing caution surrounding the Fed’s decision next month.
Nov 28, 2024
EUR/JPY Price Forecast: Retakes 160.00 mark on weaker JPY; not out of the woods yet
The EUR/JPY cross gains some positive traction during the Asian session on Thursday and moves away from its lowest level since early October, around the 159.10 region touched the previous day.
Nov 28, 2024
Gold price trades with modest losses, downside seems limited amid trade war fears
Gold price (XAU/USD) extends the previous day's retracement slide from the $2,658 region and drifts lower during the Asian session on Thursday.
Nov 28, 2024
Silver Price Forecast: XAG/USD falls below $30.00 due to easing geopolitical tensions
Silver price (XAG/USD) extends its losses for the second consecutive day, trading around $29.90 per troy ounce during the Asian session on Thursday.
Nov 28, 2024
Donald Trump says Mexico's President agreed to stop migration
US President-elect Donald Trump said on Wednesday that Mexico's President Claudia Sheinbaum agreed to stop migration through Mexico, and into the United States, effectively closing our Southern Border, per the New York Times.
Nov 28, 2024
GBP/USD recovers ground as markets tilt into risk-on sentiment
GBP/USD finally broke back above 1.2600 on Wednesday, propelled higher by a broad-market softening in the Greenback’s recent bullish stance.
Nov 28, 2024
Ripple's XRP eyes rally to $2.58 as whales step up buying pressure
Ripple's XRP rallied 6% on Wednesday following increased buying pressure among whales in the past two weeks. The remittance-based token could stage a move to $2.58 amid increased institutional interest in the launch of an XRP exchange-traded fund (ETF) in the US.
Nov 28, 2024
EUR/USD gains ground, but recovery remains limited
EUR/USD caught a broad-market bid on Wednesday, taking a new run at the 1.0600 handle during the midweek market session. Fiber’s bullish rebound was due mostly to investors broadly taking a step out of recent Greenback buying pressure, rather than any instrinsic strength within the Euro itself.
Nov 28, 2024
US expected to unveil further AI chip sanctions against China on Monday
The US is expected to announce another set of measures on Monday designed to further restrain China's ability to develop advanced artificial intelligence, per WIRED.
Nov 28, 2024
Crude Oil ticks up rumours picking up on OPEC+ discussions
OPEC+ has started discussions on its production restart plans.
Nov 27, 2024
Silver Price Forecast: XAG/USD consolidates around $30.50 as US PCE inflation takes center stage
Silver price oscillates around $30.50 as the focus shifts to US PCE inflation data for October.
Nov 27, 2024
Mexican Peso trades flat but tense on escalating war of words
The Mexican Peso (MXN) trades flat as one of the country’s trademark tortillas on Wednesday after closing on average over 1.5% lower on Tuesday, however, markets remain tense as the rhetoric ramps up between the two countries’ leaders.
Nov 27, 2024
New Zealand: RBNZ delivers another 50 bps cut to OCR at last 2024 meeting – UOB Group
The Reserve Bank of New Zealand (RBNZ) decided to reduce the official cash rate (OCR) by 50 bps to 4.25%.
Nov 27, 2024
Gold price builds on Tuesday’s bounce from one-week low, climbs closer to $2,650
Gold price gains follow-through traction for the second day amid trade war concerns.
Nov 27, 2024
USD/CAD Price Forecast: Bulls have the upper hand, move back above 1.4100 awaited
USD/CAD regains some positive traction and draws support from a combination of factors.
Nov 27, 2024
Silver Price Forecast: XAG/USD tests key resistance zone near $30.50
Silver price (XAG/USD) remains steady near $30.50 per troy ounce during the Asian hours on Wednesday.
Nov 27, 2024
Australian Dollar advances despite lower-than-expected monthly Consumer Price Index
The Australian Dollar (AUD) halts its three-day losing streak on Wednesday as the US Dollar (USD) remains subdued amid bond market optimism. Additionally, the Reserve Bank of Australia's (RBA) hawkish outlook on future interest rate decisions provides support for the AUD.
Nov 27, 2024
Bitcoin remains short of $100K as long-term holders capitalize on recent price rise
Bitcoin (BTC) trades below $95K on Tuesday following increased selling pressure among long-term holders (LTH) after a series of new all-time highs (ATH).
Nov 27, 2024
USD/CAD drifts lower to near 1.4050, potential downside seems limited amid Trump tariff threat
The USD/CAD pair trades with mild losses around 1.4055 during the early Asian session on Wednesday. The Canadian Dollar (CAD) recovers some lost ground after reaching a 55-month low due to US President-elect Donald Trump vowing tariffs on Mexico and Canada and extra tariffs on China.
Nov 27, 2024
