Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
British Pound declines as Fed hawkish rate holds boost US Dollar, BoE rate decision looms
The GBP/USD pair attracts some sellers to near 1.3345 during the early European trading hours on Thursday. The US Dollar (USD) edges higher against the British Pound (GBP) amid hawkish Federal Reserve (Fed) signals and escalating Middle East tensions.
Indian Rupee ticks lower due to higher US bond Yields
The Indian Rupee (INR) drops against the US Dollar (USD) on Thursday. The USD/INR pair edges down to near 95.60, with the Indian currency facing a tough fight against higher United States (US) Treasury Yields.
France Gross Domestic Product (QoQ) in line with forecasts (0.2%) in 2Q
France Gross Domestic Product (QoQ) in line with forecasts (0.2%) in 2Q
France Consumer Spending (MoM) came in at 0.4%, above forecasts (-0.1%) in June
France Consumer Spending (MoM) came in at 0.4%, above forecasts (-0.1%) in June
Indonesian Rupiah holds ground as Bank Indonesia intensifies efforts to stabilize markets
USD/IDR inches higher after opening at a bearish gap, remaining in negative territory and trading around 18,110 during the Asian hours on Thursday.
British Pound drifts lower vs Japanese Yen as bulls look to BoE and BoJ policy updates
The GBP/JPY cross struggles to capitalize on the previous day's solid bounce from the 217.15 area, or a two-week low, and meets with some supply during the Asian session on Thursday.
Japan Consumer Confidence Index came in at 34.9, above forecasts (34.2) in July
Japan Consumer Confidence Index came in at 34.9, above forecasts (34.2) in July
Australian Dollar weakens against Japanese Yen as chances of RBA rate hikes fall
The AUD/JPY cross declines to around 113.65 during the early European session on Thursday. The pair currently trades 0.65% lower on the week as the likelihood of the Reserve Bank of Australia (RBA) raising interest rates has fallen.
Swiss Franc erodes part of Wednesday's gains to one-week top amid reviving USD demand
The USD/CHF pair regains positive traction on Thursday, rebounding from a one-week low and stalling its retracement slide from over a one-year high – levels just above the 0.8200 mark.
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Thursday, according to data compiled by FXStreet.
EUR/JPY Price Forecast: Trades near 187.00 after pulling back from ascending channel top
EUR/JPY depreciates after two days of gains, trading around 187.20 during the Asian hours on Thursday. The currency cross is maintaining a bullish near-term bias as it holds above both the nine-day and 50-day Exponential Moving Averages (EMAs).
Silver Price Forecast: XAG/USD remains below $58.00 amid Fed hawkish pause
Silver price (XAG/USD) depreciates after registering modest gains in the previous day, trading around $57.90 per troy ounce during the Asian hours on Thursday.
AUD/USD Price Forecast: Struggles near 0.6950 as bears retain control below 100-EMA on H4
The AUD/USD pair turns lower following a modest Asian session uptick to the 0.6965 region on Thursday amid the emergence of some US Dollar (USD) dip-buying.