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.
Fed to cut funds rate once or twice this year
67 out of 100 economists who took part in a recently conducted Reuters poll said that the Federal Reserve (Fed) will cut the policy rate by 25 basis points to the range of 4%-4.25% at the September policy meeting.
Fri, Aug 15
Japanese Yen rallies to multi-week high against a broadly weaker USD
The Japanese Yen (JPY) prolongs its uptrend against a broadly weaker US Dollar (USD) for the third straight day and spikes to over a three-week high during the Asian session on Thursday.
Thu, Aug 14
Google clarifies non-custodial wallets not part of recent ban on unlicensed crypto exchanges and wallets
Google Play released a policy statement on Wednesday, requiring crypto exchange and wallet developers to register with regulatory agencies before it will list their apps on its platform. The company added that non-custodial wallets do not fall under the new policy.
Thu, Aug 14
Bitcoin hits new all-time high, blows past $123,200 as soft CPI fuels demand
Bitcoin reached a new all-time high on Wednesday, one month after establishing a similar record in July. The rally comes follows a soft Consumer Price Index (CPI) index print on Tuesday, which fueled hopes for a rate cut in the next Federal Open Market Committee (FOMC) meeting in September.
Thu, Aug 14
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US inflation figures interpreted as dovish – Commerzbank
Yesterday's eagerly awaited US inflation figures led to a significant weakening of the USD. Rather than heading towards 1.16, EUR/USD is back on track for 1.17 this morning, Commerzbank's FX analyst Michael Pfister notes.
Wed, Aug 13
US Dollar Index loses traction to near 98.00 as traders ramp up Fed cut bets
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades in negative territory near 98.00 during the Asian trading hours on Wednesday. The DXY extends the decline due to the prospect of an imminent Federal Reserve (Fed) rate cu
Wed, Aug 13
Treasury Sec. Bessent: US, China trade officials to meet again within three months
US Treasury Secretary Scott Bessent said early Wednesday that American and Chinese trade officials will meet again within the next two to three months to discuss the future of their economic ties.
Wed, Aug 13
Top 3 AI tokens to watch as Perplexity offers $34.5 billion for Google Chrome
Artificial Intelligence (AI) tokens are back in the trend underpinned by the altcoins market recovery and Perplexity’s $34.5 billion longshot offer for Google Chrome on Tuesday. Bittensor (TAO), Near Protocol (NEAR), and Render (RNDR) are leading the gains among the top AI tokens
Wed, Aug 13
Australian Dollar dips as RBA rate cut signals easing inflation trends, cooling employment
The Australian Dollar (AUD) declines on Wednesday after registering gains in the previous session. The AUD/USD pair remains subdued following the release of Wage Price Index data for the second quarter.
Wed, Aug 13
Former St. Louis Fed President Bullard: Will accept Fed chair job if we aim for low and stable inflation
In an interview with CNBC on Tuesday, Former St. Louis Federal Reserve Bank President James Bullard said that he spoke with US Treasury Secretary Scott Bessent last week, per Reuters.
Tue, Aug 12
Japanese Yen slides to over one-week low against mostly flat USD amid BoJ uncertainty
The Japanese Yen (JPY) drifts lower against its American counterpart for the third straight day and slides to a one-and-a-half-week low during the Asian session on Tuesday. Against the backdrop of political uncertainty, the potential negative impact of higher US tariffs on the domestic economy...
Tue, Aug 12
RBA expected to cut interest rate as inflation cools, unemployment rises
The Reserve Bank of Australia (RBA) is expected to announce a 25 basis points (bps) cut to the Official Cash Rate (OCR) to 3.6% from 3.85% following the conclusion of its August monetary policy meeting on Tuesday. The decision will be announced at 04:30 GMT.
Tue, Aug 12
WTI holds below $63.00 as traders await possible US-Russia meeting
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.75 during the early Asian trading hours on Monday. The WTI remains under selling pressure after posting the steepest weekly losses since late June in the previous session.
Mon, Aug 11
Fed’s Bowman: Latest jobs data stiffens support for three rate cuts this year
Federal Reserve (Fed) Governor Michelle Bowman said on Saturday that the latest weak labor market data underscores her concerns about labor market fragility and strengthens her confidence in her own forecast that three interest rate cuts will likely be appropriate this year.
Mon, Aug 11
Forex Today: US Dollar stabilizes, Gold tests $3,400
The US Dollar (USD) stays resilient against its rivals early Friday, with the USD Index stabilizing slightly above 98.00. The US economic calendar will not feature any high-impact macroeconomic data releases
Fri, Aug 8
Dow Jones futures rise on dovish Fed outlook, chip stocks outperform
Dow Jones futures advance during early European hours, ahead of the market opening in the United States (US) on Friday, trading above 44,100, up by 0.14%. Meanwhile, S&P 500 futures rise by 0.16% to 6,370, and Nasdaq 100 futures appreciate 0.18% to trade around 23,300.
Fri, Aug 8
JPMorgan slams tokenization hype, claims it is "disappointing"
JPMorgan Chase analyst Panigirtzoglou stated in a report on Wednesday that the hype surrounding tokenization has yet to attract much institutional adoption.
Fri, Aug 8
AUD/USD gains sharply to near 0.6500 as Trump hints optimism on US-China trade deal
The AUD/USD pair jumps to near 0.6500 during the European trading session. The Aussie pair strengthens as antipodeans outperform its peers amid optimism that the United States (US) and China will reach a tariff deal soon.
Wed, Aug 6
Gold Price Forecast: XAU/USD extends reversal from $3,385, bears eye $3,345 support
Gold (XAU/USD) is accelerating its reversal from two-week highs at $3,385 on Tuesday. A moderate rebound in US Treasury yields and a somewhat firmer USD are weighing on the precious metal as the markets shift their focus away from Friday’s poor employment report.
Tue, Aug 5
ISM Services PMI Preview: US services sector expected to expand in July
On Tuesday, the Institute for Supply Management (ISM) will unveil its July Services PMI, and analysts expect it to edge up to 51.5 from June’s 50.8. That would mark a second straight month of growth in the services sector — a sign of its resilience and a boost to confidence in the wider US economy.
Tue, Aug 5
