High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
Mexican Peso’s demand increases despite Banxico’s surprising decision. Banxico lowers rates by 25 bps in a 3-2 split decision. Central bank signals further easing ahead despite inflation risks and growth concerns. Core inflation continues to decline, projected to dip below 4% by Q4 2024. The Mexican Peso advanced for the third straight day following a surprising monetary policy decision…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
NZD/USD bulls struggle above 0.6000, bears eye 0.5950. RSI neutralizes at 54, MACD flattens. The pair will tally a 0.80% weekly gain. In Friday’s session, the NZD/USD pair declined mildly to 0.6010, marking the seventh consecutive day within a narrow range. The technical readings suggest that the pair remains in a consolidative phase, with bulls struggling to push above…
The AUDUSD moved to the lowest level since November 2023 on Monday as Japan stocks plummeted. However, after breaking below the low from 2024 at 0.63614, the price could only make it to 0.6348 before it snapped back to the upside and started to start the recovery. Although that recovery had its fits and starts midweek, the pair ultimately…
Dow Jones is set to end the week close to where it started. The major equity index recovered after Monday’s thousand-point plunge, but nothing more. Markets now pivot to focus on next week’s inflation data. The Dow Jones Industrial Average (DJIA) traded mostly flat on Friday, testing the waters near the week’s opening bids after a run of volatility…
UPCOMING EVENTS: Tuesday: Australia Wage Price Index, UK Labour Market report, Eurozone ZEW, US NFIB Small Business Optimism Index, US PPI. Wednesday: RBNZ Policy Decision, UK CPI, US CPI. Thursday: Japan Q2 GDP, Australia Labour Market report, China Industrial Production and Retail Sales, UK Q2 GDP, US Retail Sales, US Jobless Claims, US Industrial Production and Capacity Utilisation, NAHB…
Stabilization in risk sentiment lends support to the USD despite lack of fresh fundamentals. Fed officials paint an optimistic picture of the US labor markets despite slow job growth. Market adjusts easing expectations; first rate cut expected in September with slightly lower odds. The US Dollar (USD), measured by the US Dollar Index (DXY), showed sideways movement above the…
12th-16th August 2024 Mon: OPEC Monthly Oil Market Report; Japanese Market Holiday (Mountain Day), German Retail Sales (May), Indian Trade Balance (Jul)Tue: IEA Oil Market Report, Australian Wage Price Index (Q2), UK Jobs (Jun/Jul), German ZEW Survey (Aug), US PPI (Jul)Wed: RBNZ Announcement and Quarterly MPS, Bank of Israel Announcement, UK Inflation (Jul), Swedish CPIF (Jul), Indian WPI (Jul),…
GBP/USD chalked in a fourth consecutive down week. Despite early losses, Cable clawed back some ground late in the week. Coming up next week: UK and US CPI inflation updates. GBP/USD wrapped up a fourth straight week in the red, closing lower around four-tenths of one percent despite a late-week recovery from lows below the 1.2700 handle. A thin…
