Forex News
Latest News
Broker promotions
Editors’ Picks
AUD/USD holds higher ground above 0.6700 ahead of Powell's speech
AUD/USD is trading with modest gains above 0.6700 in the Asian session on Friday. Fresh US Dollar selling, amid the US/JPY sell-off, underpins the pair. However, further upside appears elusive, as traders turn to the sidelines ahead of Fed Chair Jerome Powell's speech.
EUR/USD: Further advances appear in the pipeline
Another solid weekly performance saw EUR/USD clinch its fourth consecutive week of gains, including a new 2024 peak in the 1.1180–1.1185 band. The strong move higher in the pair came in response to the heightened downward bias hitting the US Dollar.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold buyers are encouraged as yellow metal rises above $2,500
Gold corrected lower after touching a new all-time-high last week but managed to climbs above the key $2,500 level on Friday. This week’s economic calendar will feature key inflation data from the US.
SUI, OP, ZETA lead $160 million crypto token unlocks this week
The crypto market will witness another round of heavy token unlocks this week, with $164.2 million of cliff unlocks entering into the circulating supply of several top altcoins, per crypto intelligence firm Token Unlocks.
Week ahead: PCE inflation eyed as Fed lays groundwork for September cut
Focus to stay on the Fed as PCE inflation to be week’s main highlight. Eurozone inflation data to be crucial for ECB rate cut hopes. Australian and Tokyo CPI, plus Canadian GDP also on the agenda.