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AUD/USD Price Forecasts: Aussie is clinging to the 0.6600 support area
The Australian Dollar is trading practically flat against the Greenback on Thursday, attempting to hold above a support area right below the 0.6600 line, to put an end to a five-day losing streak, after peaking at 0.6679 on December 10.Recent data from Australia showed that demand for employment dec
Fxstreet
Thu, Dec 18
GBP retreats after surprise drop in UK inflation – Commerzbank
The Pound Sterling (GBP) reversed its gains after UK inflation came in below expectations, leaving the market focused on the Bank of England’s (BoE) rate cut today and the potential for further easing in upcoming meetings, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
Fxstreet
Thu, Dec 18
GBP: BOE vote could trigger further Sterling weakness – OCBC
Pound Sterling (GBP) weakened overnight after softer-than-expected CPI data, with technical signals hinting at a possible reversal. Market attention turns to today’s BOE meeting and committee vote, which could drive further downside.Fxstreet
Thu, Dec 18
EUR/USD tests key multi-month resistance – Société Générale
EUR/USD has extended its rebound after breaking a short-term downtrend, but is now stalling near major resistance around 1.18, where near-term consolidation may decide whether a larger bullish trend unfolds, Société Générale's FX analysts note.Fxstreet
Thu, Dec 18
EUR/USD steadies with all eyes on the ECB monetary policy decision
EUR/USD posts marginal losses on Thursday, trading near 1.1730 at the time of writing, after bouncing from lows near 1.1700 the previous day. The pair has found some balance halfway through the weekly range after whipsawing earlier in the week.Fxstreet
Thu, Dec 18
EUR: ECB meeting takes center stage for FX – ING
Markets are focused on whether the European Central Bank’s (ECB) recent hawkish shift is confirmed by updated forecasts and rhetoric, with inflation projections the main risk and scope for a short-term dip in EUR/USD despite supportive year-end option dynamics, ING's FX analyst Chris Turner notes.Fxstreet
Thu, Dec 18
EUR holds near highs ahead of ECB decision – OCBC
Euro (EUR) consolidated near recent highs. Focus today on European Central Bank (ECB) decision. Policy rate is widely anticipated to be on hold but attention is on staff projection. Recent comments from ECB officials were somewhat more upbeat about economy – from growth to labor market.Fxstreet
Thu, Dec 18
GBP: BoE set to cut as Sterling positioning stretches – ING
The Bank of England is widely expected to cut rates by 25bp today, with rising odds of a dovish vote split after weaker November inflation data. This points to near-term downside risks for sterling, ING's FX analyst Chris Turner notes.Fxstreet
Thu, Dec 18
NZD/USD falls to near 0.5750 ahead of US CPI data
NZD/USD extends its losses for the second successive session, trading around 0.5760 during the early European hours on Thursday. The pair weakens as the New Zealand Dollar (NZD) comes under pressure, even after data revealed stronger-than-expected economic growth.
Fxstreet
Thu, Dec 18
EUR/GBP gathers strength above 0.8750, all eyes on ECB and BoE rate decicions
The EUR/GBP cross gathers strength to near 0.8785 during the early European session on Thursday. The Pound Sterling (GBP) weakens against the Euro (EUR) on softer-than-expected UK inflation data and firming Bank of England (BoE) rate cut bets.Fxstreet
Thu, Dec 18
USD/CHF consolidates around 0.7950 as investors await US inflation data
The USD/CHF pair trades in a tight range around 0.7950 during the late Asian trading session on Thursday. The Swiss Franc pair wobbles as investors await the United States (US) inflation data for November, which will be published at 13:30 GMT.
Fxstreet
Thu, Dec 18
EUR/USD Price Forecast: Could test 1.1750 amid strengthening bullish bias
EUR/USD remains flat after two days of small losses, trading around 1.1740 during the Asian hours on Thursday. On the daily chart, technical analysis indicates a strengthening of a bullish bias, as the pair continues to trade within an ascending channel pattern.Fxstreet
Thu, Dec 18
USD/INR opens flat on hopes of RBI’s follow-through intervention
The Indian Rupee (INR) opens on a flat note against the US Dollar (USD) on Thursday, with the USD/INR pair wobbling around 90.80. Investors anticipated a flat opening amid expectations that the Reserve Bank of India (RBI) could intervene again to support the Indian Rupee.Fxstreet
Thu, Dec 18
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