FXStreet

FXStreet provides real-time forex news and analysis with a focus on technical and fundamental analysis. The site covers a wide range of currencies, indices, and commodities, including gold and oil prices. The articles often contain charts and graphs to help readers visualize market trends. While the site does not have an about us section, it is known for its team of experienced analysts and reporters who provide accurate and insightful reporting on the foreign exchange market.

87%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermines the credibility of the source. It is calculated as:
Analysis.OverallConflictOfInterestScore * 0.3F + Analysis.OverallBiasScore * 0.3F + Analysis.DeceptivenessScore * 0.3F + Analysis.ReadabilityScore * 0.1F

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

The Daily's Verdict

This news site has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on its reporting.

Bias

86%

Examples:

  • The articles provided show a slight bias towards the positive for various currencies and indices.

Conflicts of Interest

90%

Examples:

  • There are no clear conflicts of interest reported in the articles.

Contradictions

64%

Examples:

  • There are instances of contradictions in the articles regarding economic indicators and market expectations.

Deceptions

86%

Examples:

  • The articles provide accurate information but may use misleading language or present information in a way that could be confusing.

Recent Articles

  • Labour Party on the Brink of Historic UK Election Victory: Starmer's Manifesto and Key Issues

    Labour Party on the Brink of Historic UK Election Victory: Starmer's Manifesto and Key Issues

    Broke On: Thursday, 04 July 2024 The UK faces a political shift as the Labour Party, led by Sir Keir Starmer, aims for a historic election victory on July 4th, 2024. The snap election follows PM Rishi Sunak's Conservative party facing criticism and poor polling results. Labour's manifesto focuses on tackling cost-of-living crisis, creating wealth for working class, reducing NHS waiting lists, addressing housing crisis and investing £24 billion in green technologies. Potential outcomes include significant changes in UK policies on Brexit, immigration, housing, healthcare and economic growth.
  • Japanese Yen Holds Ground Against US Dollar: BOJ Ready to Intervene Amid Uncertainty

    Japanese Yen Holds Ground Against US Dollar: BOJ Ready to Intervene Amid Uncertainty

    Broke On: Monday, 24 June 2024 Amid economic concerns and potential interest rate differentials, the Japanese Yen holds steady against the US Dollar. BOJ and Ministry of Finance officials prepare for intervention if necessary, with Masato Kanda ready to act around the clock. The US Dollar Index edges higher as Fed delays first interest rate cut in 2024, contributing to yen weakness. BOJ closely monitors inflation and economic readings while considering raising interest rates.
  • Mexican Peso Weakens Following Claudia Sheinbaum's Landslide Presidential Victory: Implications for the Economy

    Mexican Peso Weakens Following Claudia Sheinbaum's Landslide Presidential Victory: Implications for the Economy

    Broke On: Monday, 03 June 2024 Mexican President-elect Claudia Sheinbaum's landslide victory in the Mexican presidential election, along with her party's dominance in Congress, has caused volatility in Mexican assets such as the peso. Concerns over increased state control of the economy and potential fiscal implications have led to a weakening of the peso against major currencies. Sheinbaum's plans for ambitious spending programs aim to boost consumer spending but may put pressure on interest rates.
  • Eurozone Inflation Hits 2.6% Year-on-Year in May: ECB Anticipated to Cut Rates

    Eurozone Inflation Hits 2.6% Year-on-Year in May: ECB Anticipated to Cut Rates

    Broke On: Friday, 31 May 2024 The Eurozone's inflation rate rose to 2.6% YoY in May, with core inflation reaching 2.9%. Germany, France, and Spain all reported higher annual inflation rates. The European Central Bank is anticipated to make an interest rate cut at their June 6 meeting due to cooling down overall inflation and patchy economic growth within the Eurozone. Services saw the highest annual rate of inflation at 4.1%, while food, alcohol, and tobacco also experienced a rise.
  • Gold Prices: Central Banks Boost Demand Amid Volatility and Economic Uncertainty

    Gold Prices: Central Banks Boost Demand Amid Volatility and Economic Uncertainty

    Broke On: Friday, 03 May 2024 Central banks' gold purchases and the Federal Reserve's interest rate hold boosted gold prices above $2,300, but profit-taking and easing tensions led to a correction. Key drivers of demand include central banks and Asian household spending. Goldman Sachas expects prices to reach $2,700 by year-end despite volatility from economic data and geopolitical events.
  • U.S. Dollar Surges Ahead in 2024: Fed's Restrictive Monetary Policy and Strong Economic Data Bolster Greenback

    U.S. Dollar Surges Ahead in 2024: Fed's Restrictive Monetary Policy and Strong Economic Data Bolster Greenback

    Broke On: Thursday, 18 April 2024 In 2024, the U.S. dollar has unexpectedly strengthened due to economic growth and persistent inflation, with Federal Reserve officials indicating no urgency to cut interest rates. Strong manufacturing data supports this trend, but potential intervention from other central banks remains a concern.
  • Australian Dollar Loses Ground on Soft CPI Data, RBA May Cut Interest Rates Sooner Than Expected

    Australian Dollar Loses Ground on Soft CPI Data, RBA May Cut Interest Rates Sooner Than Expected

    Broke On: Wednesday, 27 March 2024 The Australian Dollar has lost ground on softer-than-expected monthly Consumer Price Index (CPI) data, which fell slightly below the expected 3.5% in February. The annual rate of inflation remained steady at 3.4%, but it is on track to fall faster than the Reserve Bank of Australia (RBA) anticipated, potentially opening up an interest rate cut.
  • Gold Prices on Rollercoaster Ride with Material Short Squeeze Possibility, According to Top Markets Solutions Ltd.

    Gold Prices on Rollercoaster Ride with Material Short Squeeze Possibility, According to Top Markets Solutions Ltd.

    Broke On: Tuesday, 13 February 2024 Gold prices have experienced a significant short squeeze, according to Top Markets Solutions Ltd. This private limited company registered in Cyprus is licensed by the CySEC and provides information for investment purposes only.
  • European Stock Markets Close Slightly Lower; World Economic Forum in Davos Concludes

    European Stock Markets Close Slightly Lower; World Economic Forum in Davos Concludes

    Broke On: Friday, 19 January 2024 European stock markets closed slightly lower on Friday, with major bourses and sectors pointing in opposite directions. Mining stocks led losses, down 1.2%, while technology stocks rose 0.6%. European central bank president Lagarde will take stage later Friday to speak at the World Economic Forum Davos.

  • Asian Stock Markets Dip Ahead of Major Economic Events

    Broke On: Monday, 30 October 2023 Asian stock markets experienced a significant downturn at the end of October 2023 Japan's Nikkei index led the losses The downturn occurred ahead of the Bank of Japan's meeting and the Federal Reserve's rate decision