Forex News - TradeCenterFX

US Dollar Forecast: DXY Holds Firm Near 2-Year High as Fed Signals Fewer 2025 Cuts

DXY rises 0.81% for the week as the Fed signals fewer 2025 rate cuts, Treasury yields climb, and inflation concerns persist.

Sat, 21 Dec 2024 05:08:10 -0500

Natural Gas Price Forecast: Long Term Bullish Reversal Triggers

Natural gas rallies above key resistance, confirming bullish reversal signals on multiple time frames and opening the door for extended gains toward 4.33.

Fri, 20 Dec 2024 16:31:56 -0500

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground As Dollar Pulls Back

Oil markets are moving higher as U.S. dollar declined from yearly highs.

Fri, 20 Dec 2024 13:14:27 -0500

The Weekly Bottom Line: Fed Signals a More Cautionary Stance on Rate Cuts Next Year

What a year this week was! The show stealer was Minister Freeland's surprise resignation the day she was set to deliver the Fall Economic Statement (FES).

Fri, 20 Dec 2024 12:43:46 -0500

October GDP to Look Marginally Stronger After Slew of Weak Data

The final major data point from Statistics Canada in 2024 will be Monday's gross domestic product release for October, which will be the last GDP print before the Bank of Canada's Jan. 29 meeting. We look for a 0.2% increase that would be the strongest monthly gain since April, and firmer than the 0.1% advance estimate a month ago.

Fri, 20 Dec 2024 12:37:39 -0500

Weekly Focus – Hawkish Christmas Present from US Federal Reserve

The tradition of central banks hosting meetings just before Christmas continued this year with policy decisions in the US, Japan, UK, Norway, and Sweden. The largest present came from the US Federal Reserve in the shape of a significant hawkish surprise.

Fri, 20 Dec 2024 12:35:32 -0500

US Dollar Ends the Year on a Strong Note

The U.S. dollar ends the year on a strong note, hitting two-year highs at 108.45. The Fed expects a 50-point rate cut for the full year 2025 versus 4 cuts one quarter earlier, citing higher inflation forecasts and a stubbornly strong labour market.

Fri, 20 Dec 2024 12:32:53 -0500

Canada October budget balance C$-1.49 billion vs previous C$-3.17 billion

Budget balance for October C$-1.49 billion versus October 2023 balance of C$-6.96 billion prior month C$-3.17 billion. YTD C$14.50 billion vs year ago of C$-15.13 billion This article was written by Greg Michalowski at www.forexlive.com.

Fri, 20 Dec 2024 11:04:11 -0500

Natural Gas Weekly Price Outlook – Natural Gas Continues to Power Higher

The natural gas market has been bullish all week, and it broke a massive resistance barrier on Thursday. At this point, we are still focusing on the winter cold, and the demand that we will see from the US.

Fri, 20 Dec 2024 11:03:52 -0500

Crude Oil Weekly Price Forecast – Crude Oil Drops for the Week

The crude oil market continues to see a lot of sideways action overall, as the market is stuck in a well-defined range. At this point, I suspect that we aren't going to be going anywhere in the short term.

Fri, 20 Dec 2024 10:53:56 -0500

Natural Gas Price Outlook – Natural Gas Continues to See Buyers

The natural gas market has been a bit sluggish at the moment, after running hot on Thursday. However, any pullback at this point in time is likely to attract buyers on the dip, as the markets continue to price in the cold weather in America.

Fri, 20 Dec 2024 10:32:12 -0500

Crude Oil Price Outlook – Crude Oil Continues to See Sideways Action

The crude oil market continues to see a lot of sideways action, as the market continues to wait for January to make any real move. At this point, the market is likely to continue to see more of a base building operation.

Fri, 20 Dec 2024 10:26:56 -0500

Fed's Goolsbee: My projections were for a little more shallow rate-path in 2025

In an interview with CNBC on Friday, Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee said that they are still on a path to get to 2% inflation, adding that it was 'nice' to get an inflation number that's better than expected.

Fri, 20 Dec 2024 10:24:00 -0500

EU consumer confidence flesh for December -14.5 versus -13.7 last month

Prior month -13.7 EU consumer confidence flesh for December -14.5% versus -14.0 estimate: The high for the year was -12.5 in November. The low for the year was -16.1 in January This article was written by Greg Michalowski at www.forexlive.com.

Fri, 20 Dec 2024 10:17:34 -0500

Dollar Pauses After PCE Miss, Markets Digest Fed Comments

Dollar's strong rally paused in early US trading after PCE inflation data came in below expectations, easing concerns that Fed might maintain higher rates for an extended period. Markets are also digesting remarks from Fed officials following the hawkish rate cut earlier in the week.

Fri, 20 Dec 2024 10:07:19 -0500

Brazilian Real rebounds past 6.1 per USD amid Central Bank interventions

The Brazilian real showed signs of recovery on Friday, rising over 6.1 per US dollar after falling to a record low of 6.29 on December 18. This comeback is primarily due to strong interventions by the Central Bank of Brazil (BCB), which has sought to support the currency amid continued budgetary uncertainty.

Fri, 20 Dec 2024 10:05:04 -0500

Eurozone Consumer Confidence registered at -14.5, below expectations (-14) in December

Fri, 20 Dec 2024 10:00:21 -0500

University of Michigan consumer sentiment final 74.0 versus 74.0 preliminary

Prior month 71.8 consumer sentiment Index 74.0 versus 74.0 estimate 74.0 preliminary. Last month 71.8.