FXStreet
72610 Articles
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.
Russian Ruble: CBR pause expected as inflation risks build – Commerzbank
Commerzbank’s Tatha Ghose expects the Russian central bank to keep its key rate at 14.0%, arguing inflation fundamentals do not justify further easing despite weak growth.
Fri, Sep 11
British Pound remains weaker against Japanese Yen following UK economic data
GBP/JPY depreciates after registering gains in the previous day, trading around 208.30 during Asian hours on Friday. The currency cross loses ground as the British Pound (GBP) remains subdued against the Japanese Yen (JPY) following the release of key economic data from the United Kingdom (UK).
Fri, Sep 11
New Zealand Dollar gathers strength above 0.5800, all eyes on US CPI inflation data
The NZD/USD pair rises to around 0.5835, snapping the four-day losing streak during the early European trading hours on Friday. However, the potential upside for the pair might be limited as markets turn cautious ahead of the key US Consumer Price Index (CPI) inflation data later on Friday.
Fri, Sep 11
AUD/USD Price Forecast: Positive Divergence with RSI backs further recovery
The Australian Dollar (AUD) is up 0.22% at around 0.7175 against the US Dollar (USD) during the European trading session on Friday.
Fri, Sep 11
Equities: Oil shock and ECB hawkishness keep selloff contained – Danske Bank
Danske Research Team notes that global equities fell around 0.5% despite a hawkish European Central Bank message and sharp yield curve moves.
Fri, Sep 11
ECB’s Nagel: Too early to speculate on rate hikes
The European Central Bank (ECB) Governing Council member Joachim Nagel said on Friday that its’ too early to speculate on rate hikes.
Fri, Sep 11
Brent: Supply risks and Saudi cuts support prices – ING
ING analysts Warren Patterson and Ewa Manthey note that Brent and WTI have rallied sharply as Middle East tensions escalate and Saudi Arabia reports a steep drop in output.
Fri, Sep 11
Euro retreats from weekly highs against British Pound as UK data beats expectations
UK data released on Friday showed that Gross Domestic Product (GDP) rose 0.4% in July, above expectations of a flat reading and following a 0.3% rise in June.
Fri, Sep 11
Dogecoin Price Forecast: DOGE faces downside risk amid Bitwise ETF liquidation
Dogecoin (DOGE) ticks higher on Friday after facing two consecutive days of around 3% losses. Institutional demand declines after Bitwise announces the liquidation of its Dogecoin Exchange-Traded Fund (ETF) on Thursday.
Fri, Sep 11
Euro: Downside risks while 1.1585 holds against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann highlight growing downside momentum in EUR/USD after a sharp drop to 1.1591, though they see limited scope for a sustained break below 1.1585 in the very near term.
Fri, Sep 11
British Pound jumps after strong UK monthly GDP data
The British Pound (GBP) attracts significant bids against its peers, with the GBP/USD pair rising to near 1.3518, as the United Kingdom (UK) Office for National Statistics (ONS) has reported strong monthly Gross Domestic Product (GDP) data for July. Th
Fri, Sep 11
WTI slumps below $99.00 on profit-taking, US-Iran tensions in focus
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $98.50 during the early European trading hours on Friday. WTI tumbles as traders take some profits amid technical oversold conditions and US crude inventories fall less than expected.
Fri, Sep 11
United Kingdom Total Trade Balance: £-3.45B (July) vs £-5.537B
Fri, Sep 11
United Kingdom GDP grows by 0.4% MoM in July, vs. 0% expected
The UK Gross Domestic Product (GDP) grew by 0.4% MoM in July, following a 0.3% growth reported in June, the latest data published by the Office for National Statistics (ONS) showed on Friday.
Fri, Sep 11
USD/CAD Price Forecast: Trades near 1.3850 after breaking above nine-day EMA
USD/CAD extends its gains for the third consecutive day, trading around 1.3840 during the Asian hours on Friday. The technical analysis of the daily chart indicates the pair is remaining within the descending channel pattern, signalling a persistent bearish bias.
Fri, Sep 11
Cardano Price Forecast: Approaches critical support as correction risks grow
Cardano (ADA) recovers slightly, trading at $0.206 at the time of writing on Friday, inches above the critical support zone after losing more than 6% so far this week.
Fri, Sep 11
Indian Rupee extends decline on fresh escalation in hawkish Fed bets
The Indian Rupee (INR) extends its downward spiral against the US Dollar (USD) for the fourth trading day on Friday, with the USD/INR pair rising to near 95.80 in the opening session.
Fri, Sep 11
Indonesian Rupiah weakens against US Dollar amid budget pressures
USD/IDR gains ground for the second successive day, trading around 17,660 during the Asian hours on Friday. The pair appreciates as the Indonesian Rupiah (ID) struggles with persistent fiscal concerns. As a net oil importer, Indonesia faces mounting budget pressures from elevated oil prices.
Fri, Sep 11
Euro struggles near 1.1600 vs USD as Fed hike bets and hawkish ECB clash ahead of US CPI
The EUR/USD pair remains under some selling pressure for the second straight day on Thursday, though it lacks follow-through and holds above the weekly low, which it touched the previous day.
Fri, Sep 11
Iran and Gulf states will meet to secure deal for Strait of Hormuz shipping — FT
Iran and Gulf states are set to hold a meeting aimed at securing buy-in for a temporary deal to manage shipping through the Strait of Hormuz, the Financial Times reported on Friday.
Fri, Sep 11
