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Forex News

Today's FXStreet Newswire

The latest news that can have the most noticeable market impact

0:00
December 09, 2022
WTI Price Analysis: Justifies bullish RSI divergence to regain $72.00
WTI crude oil licks its wounds near the yearly low. Bearish MACD signals, key resistances challenge the black gold buyers. Three-week-old descending support line challenges further downside. WTI crude oil picks up bids to pare weekly losses around the lowest levels in 2022 as bulls poke the $72.00 level during Friday’s Asian session. In doing…
23:45
December 08, 2022
USD/CHF declines towards 0.9350 as focus shifts to Fed/SNB interest rate decision
USD/CHF is likely to display weakness to near 0.9350 as a risk-on impulse has hogged the limelight. Volatility in the currency market is accelerating as the Fed is set to announce the last monetary policy of CY2022. Investors have ignored uncertainty over Fed’s interest rate peak. The USD/CHF pair has failed to extend its recovery…
23:30
December 08, 2022
NZD/USD grinds near 0.6400 on mixed NZ data, focus locked on China/US statistics
NZD/USD struggles to extend three-day uptrend, eyes to snap seven-week uptrend. New Zealand Manufacturing Sales improved in Q3, Electronic Card Retail Sales came in mixed for November. Anxiety ahead of the key data/events keeps traders on dicey floor, light macro also contributes to market’s inaction. China inflation, US Michigan Consumer Sentiment Index will entertain traders…
23:15
December 08, 2022
Bank of England to add 50 bps to Bank Rate on December 15; peak at 4.25% in Q2 – Reuters poll
“The Bank of England will add another 50 basis points to Bank Rate next week and take borrowing costs to 3.50%, despite the economy falling into recession, as it battles inflation running at more than five times its target,” stated the latest survey from Reuters. Key findings One of the first major central banks to…
23:15
December 08, 2022
GBP/USD eyes more gains above 1.2250 amid upbeat market mood, UK GDP eyed
GBP/USD is aiming to overstep the 1.2250 hurdle on expectations of slowdown in Fed’s rate hike pace. The BOE is set to hike rates further by 50 bps despite the economy falling into recession. S&P500 snapped a three-day losing streak as investors shrugged off recession fears. The GBP/USD pair is gathering momentum to surpass the…
23:15
December 08, 2022
South Korea Current Account Balance came in at 0.88B, above forecasts (0.21B) in October
23:00
December 08, 2022
USD/CAD Price Analysis: Stays defensive above 50-SMA support
USD/CAD licks its wounds after the biggest daily loss in over a week. 50-DMA restricts immediate downside but bearish Doji candlestick, seven-week-old resistance line probe bulls. Ascending trend line from mid-November puts a strong floor under the prices. USD/CAD seesaws around 1.3600 as bearish take a breather during early Friday morning in Asia, after the…
22:45
December 08, 2022
Gold Price Forecast: XAU/USD pares week’s loss, consumer-centric data from China, United States eyed
Gold price extends three-day uptrend to reverse Monday’s heavy losses. Firmer sentiment, downbeat United States statistics weighed on the US Dollar. Optimism surrounding China Covid conditions adds strength to Gold price. China inflation numbers, US Michigan Consumer Sentiment Index and 5-year Consumer Inflation Expectations in focus. Gold price (XAU/USD) grinds higher towards $1,800 as broad…
22:45
December 08, 2022
AUD/USD hovers below 0.6800 as investors await China/US inflation
AUD/USD is oscillating below 0.6800, more upside seems favored amid the risk appetite theme. The commentary from Janet Yellen that the US could avoid recession has supported bond yields. Lower inflation print could force PBOC to call for more policy easing ahead. The AUD/USD pair is displaying back-and-forth moves below the critical hurdle of 0.6800…
22:15
December 08, 2022
EUR/USD aims to test weekly highs around 1.0600 ahead of US forward inflation indicator
EUR/USD is eying more upside towards a weekly high at 1.0600 amid a cheerful market mood. The US Treasury yields have extended their gains to near 3.49% as the Fed is set to hike the interest rate further. The ECB is looking to hike interest rates by 50 bps next week. The EUR/USD pair climbed…