News

EUR/USD stays under pressure as ECB officials support more rate cuts

EUR/USD remains vulnerable above the psychological support of 1.0500 in European trading hours on Thursday.

Source  Fxstreet1732181013
Mexican Peso consolidates ahead of Retail Sales data

The Mexican Peso (MXN) consolidates in its most-heavily traded pairs during the European session on Thursday.

Source  Fxstreet1732180632
EUR: Geopolitics and Trump threat weigh – ING

EUR/USD looks to have been buffeted by events in Ukraine this week.

Source  Fxstreet1732179743
AUD/USD holds steady above 0.6500 on softer USD, ahead of US Jobless Claims, FedSpeak

The AUD/USD pair attracts some dip-buyers on Thursday and sticks to its modest intraday gains, around the 0.6520 area during the first half of the European session.

Source  Fxstreet1732179483
GBP/USD: Downward momentum is beginning to slow – UOB Group

Further range trading appears likely; soft underlying tone suggests a lower range of 1.2615/1.2685.

Source  Fxstreet1732179299
USD/CAD remains subdued around 1.3950 following improved crude Oil prices

USD/CAD retraces its recent gains from the previous day as the commodity-linked Canadian Dollar (CAD) receives support from the improved crude Oil prices amid rising fears of supply disruption amid geopolitical tensions.

Source  Fxstreet1732178578
EUR/USD: Below 1.0490 the downtrend in EUR is likely to resume – UOB Group

The Euro (EUR) is likely to trade in a range between 1.0505 and 1.0575.

Source  Fxstreet1732177824
Pound Sterling declines even though BoE dovish bets ease

The Pound Sterling (GBP) weakens against most of its peers on Thursday even though traders doubt whether the Bank of England (BoE) will cut interest rates again in the December meeting.

Source  Fxstreet1732175740
Forex Today: US Dollar struggles to build on recent gains, eyes on mid-tier data and Fedspeak

Here is what you need to know on Thursday, November 21: The US Dollar (USD) Index stays in a consolidation phase near 106.50 after closing in positive territory on Wednesday.

Source  Fxstreet1732172454
EUR/GBP holds thin gains near 0.8350, fears downside risks due to cautious BoE

EUR/GBP appreciates after two days of losses, trading around 0.8340 during the Asian hours on Thursday.

Source  Fxstreet1732166905
AUD/JPY Price Forecast: The crucial support level emerges near 100.00

The AUD/JPY cross trades in a narrow range near 101.05 during the early European session on Thursday.

Source  Fxstreet1732165941
USD/CHF edges lower amid geopolitical tensions; holds above 0.8800 on bullish USD

The USD/CHF pair struggles to capitalize on the previous day's recovery from the vicinity of the 0.8800 mark or a one-week low and attracts fresh sellers during the Asian session on Thursday.

Source  Fxstreet1732164671
EUR/USD edges higher to near 1.0550, downside risks appear due to safe-haven flows

EUR/USD appreciates slightly after registering losses in the previous session, trading around 1.0550 during the Asian hours on Thursday.

Source  Fxstreet1732164264
EUR/JPY Price Forecast: Bears have the upper hand while below 200-period SMA on H4/164.00

The EUR/JPY cross meets with a fresh supply following the previous day's good two-way price swings and trades around the mid-163.00s during the Asian session on Thursday, down 0.20% for the day.

Source  Fxstreet1732162071
GBP/USD trades above 1.2650, upside potential seems limited due to cautious Fed

GBP/USD edges higher to near 1.2650 during the Asian trading hours on Thursday.

Source  Fxstreet1732160818
USD/INR gathers strength ahead of US data, Fedspeak

The Indian Rupee (INR) extends its decline on Thursday. The heightened geopolitical tensions and market reactions due to Donald Trump’s victory in the US presidential elections drag the local currency lower.

Source  Fxstreet1732157606
Japanese Yen gains positive traction against USD, upside potential seems limited

The Japanese Yen (JPY) edges higher against its American counterpart during the Asian session on Thursday and drags the USD/JPY pair away from the weekly top touched the previous day.

Source  Fxstreet1732154035
Australian Dollar appreciates due to a hawkish mood surrounding the RBA policy outlook

The Australian Dollar (AUD) retraces its recent losses on Thursday, buoyed by a hawkish outlook from the Reserve Bank of Australia (RBA) concerning interest rates.

Source  Fxstreet1732153827
PBOC sets USD/CNY reference rate at 7.1934 vs. 7.1935 previous

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1934, as compared to the previous day's fix of 7.1935 and 7.2482 Reuters estimates.

Source  Fxstreet1732151771
USD/CAD remains capped below 1.4000, eyes on US jobs data, Fedspeak

The USD/CAD pair trades on a softer note around 1.3970 amid the modest decline in the Greenback during the early Asian session on Thursday.

Source  Fxstreet1732147817
GBP/USD grapples with the low side after CPI upswing fails to spark a bid

GBP/USD struggled to find a direction on Wednesday, testing the bounds of the 1.2700 handle before facing a downside rejection and ending the midweek market session a fifth of a percent lower than it started.

Source  Fxstreet1732145879
NZD/USD drifts higher above 0.5850, focus on Fedspeak

The NZD/USD pair posts modest gains to around 0.5875 during the early Asian session on Thursday.

Source  Fxstreet1732144808
Canadian Dollar ends win streak before it can fully begin

The Canadian Dollar (CAD) is back to its losing ways, backsliding 0.1% against the Greenback on Wednesday.

Source  Fxstreet1732140182
Australian Dollar pulls back from weekly high as USD rebounds

The AUD/USD declined by 0.64% to 0.6495 on Wednesday. The decline came after the pair touched a one-week high earlier in the session.

Source  Fxstreet1732132283
Mexican Peso weakens amid geopolitical tensions, dovish Banxico comments

The Mexican Peso erased some of Tuesday's gains versus the Greenback as geopolitical risks continued to drive the financial markets amid a possible escalation of the Russia-Ukraine conflict.

Source  Fxstreet1732126572
EUR/CAD Price Analysis: Pair fell deeper, approaching last week's lows, indicators deep in negative territory

The EUR/CAD fell by 0.29% on Wednesday, reaching a low of 1.4745, continuing its decline and reaching lows last seen in July.

Source  Fxstreet1732119070

Russia Producer Price Index (MoM) declined to -0.6% in October from previous 0.5%

Source  Fxstreet1732118434

Russia Producer Price Index (YoY) dipped from previous 5.6% to 2.7% in October

Source  Fxstreet1732118434
GBP/NZD Price Forecast: Correction reaches support at 50-day SMA

GBP/NZD has been correcting back in a mini channel during November after peaking at the October 30 high.

Source  Fxstreet1732117713
GBP/USD Price Forecast: Tumbles below 1.2700 after hot UK CPI

The Pound Sterling lost ground versus the US Dollar on Wednesday following a hot UK inflation report, which increased the chances that the Bank of England (BoE) would pause its easing cycle.

Source  Fxstreet1732115902
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