News
Important Only
FxstreetJun 12, 2024
US Dollar sideways ahead of US CPI, Fed decision
Gold struggles on trimmed Fed rate cut bets, China buying pause
FxstreetJun 12, 2024
US Federal Reserve Decision Preview: Dot plot could shed light on Fed’s interest rate path
USD/CAD Price Analysis: Corrects from 1.3800 as US Dollar’s rally stalls ahead of Fed’s decision
Germany 10-y Bond Auction rose from previous 2.53% to 2.6%
EUR/USD finds support as US Dollar edges down ahead of CPI, Fed decision
Indices
US Dollar sideways ahead of US CPI, Fed decision
The US Dollar (USD) trades nearly flat in Wednesday’s European session and holds above the 105.00 level ahead of two key economic events: the US Consumer Price Index (CPI) release for May and the US Federal Reserve (Fed) interest rate decision.Fxstreet
Jun 12, 2024
Commodities
Gold struggles on trimmed Fed rate cut bets, China buying pause
Gold (XAU/USD) trades marginally lower on Wednesday as expectations that interest rates in the US will remain high, and news the People’s Bank of China (PBoC) has halted Gold buying after an 18-month spree, weigh on the precious metal.Fxstreet
Jun 12, 2024
Economic Indicator
US Federal Reserve Decision Preview: Dot plot could shed light on Fed’s interest rate path
The US Federal Reserve (Fed) will announce monetary policy decisions following the June policy meeting and release the revised Summary of Economic Projections (SEP), the so-called dot plot, on Wednesday.Fxstreet
Jun 12, 2024
Forex
EUR/USD finds support as US Dollar edges down ahead of CPI, Fed decision
EUR/USD edges higher to 1.0750 in Wednesday’s European session ahead of the United States (US) Consumer Price Index (CPI) data for May and the Federal Reserve’s (Fed) interest rate decision, which are scheduled for the American session.Fxstreet
Jun 12, 2024
Commodities
IEA lowers 2024 global demand growth forecast by 100,000 bpd to 960,000 bpd
In its monthly oil market report published on Wednesday, the International Energy Agency (IEA) slashed the 2024 global oil demand growth forecast by 100,000 bpd to 960,000 barrels per day (bpd).
Fxstreet
Jun 12, 2024
Forex
NZD/USD depreciates to near 0.6150 as the Fed is expected to keep the policy rate unchanged
NZD/USD edges lower as traders favor the US Dollar (USD) ahead of the Federal Reserve's (Fed) decision and the release of US inflation figures for May, scheduled for later in the North American trading hours.
Fxstreet
Jun 12, 2024
Cryptocurrencies
Floki price eyes rally following liquidity sweep
Floki (FLOKI) price could experience a nearly 30% rebound in the short-to-medium term, according to technical indicators and on-chain metrics, as the meme coin heads towards a key level that has previously acted as a support and amid a rise in development activity.Fxstreet
Jun 12, 2024
Forex
Pound Sterling steadies after UK GDP data shows economy stalled in April
The Pound Sterling (GBP) hovers around 1.2750 against the US Dollar (USD) in Wednesday’s London session, broadly unaffected by the United Kingdom's (UK) monthly Gross Domestic Product (GDP) and Industrial Production data for April.
Fxstreet
Jun 12, 2024
Forex
Forex Today: US inflation report and Fed policy decisions to dominate markets
Here is what you need to know on Wednesday, June 12: The US Dollar (USD) holds steady early Wednesday as investors gear up for key macroeconomic events that could significantly impact the currency's valuation.Fxstreet
Jun 12, 2024
Economic Indicator
ECB’s Villeroy: France should clarify its budget strategy amid political tensions
European Central Bank (ECB) Governing Council member and Bank of France President, Francois Villeroy de Galhau, made some comments on the French economic and political scenario on Wednesday.Fxstreet
Jun 12, 2024
