Daily market news

forex Forex
20:00 - 21.02.2024
Author: Oanda News

NZD/USD holds neutral as investors await Fed minutes

In Wednesday's session, the NZD/USD traded modestly higher at 0.6167 with the upside limited amid speculations of the Federal Reserve’s (Fed) unchanged rate outlook and softer New Zealand inflation data making the Kiwi struggle to gain ground.

forex Forex
18:00 - 21.02.2024
Author: Oanda News

USD/CAD churns on Wednesday ahead of Fed meeting Minutes

USD/CAD briefly tested a fresh high for the week, but the pair continues to churn in near-term consolidation levels as markets buckle down for the latest meeting Minutes from the Federal Reserve’s (Fed) Federal Open Market Committee (FOMC).

forex Forex
17:00 - 21.02.2024
Author: Oanda News

AUD/USD could struggle to trade consistently above 0.7000 – ING

Disappointment summarises the start of 2024 for the Australian Dollar (AUD).

commodities Commodities
16:00 - 21.02.2024
Author: Oanda News

Gold Price Forecast: XAU/USD to rise towards $2,200 by year-end – ANZ

Over the past six months, Gold prices have risen over 3%. Economists at ANZ Bank analyze the yellow metal’s outlook.

forex Forex
15:00 - 21.02.2024
Author: Oanda News

GBP/USD: Gains through 1.2675/1.2685 should be positive – Scotiabank

GBP/USD nudges lower. Economists at Scotiabank analyze the pair’s outlook.

forex Forex
14:00 - 21.02.2024
Author: Oanda News

Investor conviction over a lower EUR/USD is fading – ING

The FX options market hints that investors may not be that pessimistic on EUR/USD after all, economists at ING say.

forex Forex
13:00 - 21.02.2024
Author: Oanda News

USD/CAD will continue to trade above the 200-DMA at around 1.3480 in the near term – MUFG

The Canadian Dollar (CAD) has continued to trade at weaker levels after the release on Tuesday of the softer-than-expected Canadian CPI report for January.

forex Forex
12:00 - 21.02.2024
Author: Oanda News

USD/CHF Price Analysis: Trades sideways above 0.8800, FOMC minutes in focus

The USD/CHF pair oscillates in a narrow range slightly above the round-level support of 0.8800 in the London session on Wednesday.

forex Forex
11:00 - 21.02.2024
Author: Oanda News

AUD/USD to maintain positive momentum – Commerzbank

AUD/USD has made some gains recently to come close to the 0.6600 level.

commodities Commodities
10:00 - 21.02.2024
Author: Oanda News

Silver Price Forecast: XAG/USD holds onto gains above $23 ahead of FOMC minutes

Silver price (XAG/USD) turns sideways around $23.15 after a strong recovery in the European session on Wednesday.

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