Peso rally targets April 2024 low

The Mexican Peso appreciates against the US Dollar, testing two-year highs near 16.85 as the USD/MXN sets aside a strong US Nonfarm Payrolls report, which was ignored by the Peso’s bears. At the time of writing, the emerging market pair trades at 16.88, poised to extend its losses and challenge the April 2024 lows at 16.74. USD/MXN Price Forecast:…

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GBP/USD: Elliott Wave Analysis and Forecast for 04.09.26–11.09.26

2026.09.04 2026.09.04 GBP/USD: Elliott Wave Analysis and Forecast for 04.09.26–11.09.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above 1.3470 with a target of 1.3870–1.4140. A buy signal: the price holds above 1.3470. Stop Loss: below 1.3425, Take Profit: 1.3870–1.4140. Alternative scenario: Breakout and consolidation below 1.3470 will allow the…

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U.S. Payrolls Crush August 2026 Forecast

U.S. employers added 162,000 jobs in August 2026, blowing past the forecast of about 53,000. The unemployment rate held at 4.1%. Here is the twist: a strong report now raises the odds of a Fed rate hike, not a cut. U.S. Jobs Report August 2026: Key Takeaways Nonfarm payrolls: +162,000 in August, versus a forecast near +53,000. That marks…

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Range-bound risks and key levels against US Dollar – OCBC

OCBC’s Christopher Wong notes that Bank Negara Malaysia (BNM) kept the OPR at 2.75% and struck a slightly firmer tone, with growth expected to stay resilient into 2027. The economist still projects an OPR normalisation to 3.00% in January 2027. Wong highlights that a relatively firm domestic backdrop should support the Malaysian Ringgit, but says near-term USD/MYR moves will…

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USD/JPY: Elliott Wave Analysis and Forecast for 04.09.26–11.09.26

2026.09.04 2026.09.04 USD/JPY: Elliott Wave Analysis and Forecast for 04.09.26–11.09.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 160.38 with a target of 151.76–148.92. A sell signal: the price holds below 160.38. Stop Loss: above 161.00, Take Profit: 151.76–148.92. Alternative scenario: Breakout and consolidation above the…

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Services PMI rebound keeps PBoC cautious – Commerzbank

Commerzbank says China’s August Services PMI rebound highlights some resilience in private-sector activity, but weak retail sales, soft inflation and higher unemployment still point to fragile domestic demand. The stronger PMI reduces the urgency for immediate PBoC easing, while leaving room for further support if growth weakens into year-end. Fragile demand keeps PBoC easing options open “China’s private services…

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