FX

Gold hits record highs, defying US Nonfarm Payrolls spike and US Dollar gains, highlighting safe-haven status. Fed rate cut outlook adjusted after employment data, central bank remarks. Geopolitical tensions and strong demand from China bolster Gold’s market strength. Gold rallied to a new all-time high, ignoring a strong March Nonfarm Payrolls report in the United

Mexican Peso rises despite higher US Treasury yields, mixed data. Atlanta Fed President Bostic’s hawkish outlook sponsored traders repricing for a less dovish Fed. US jobs data was strong, while Services PMI suggests business activity decelerates. The Mexican Peso posts gains against the US Dollar on Wednesday as US Treasury yields climbed, sponsored by Atlanta

The daily chart reveals slightly bullish momentum, with RSI at 52, signifying resilient buying traction. Indicators in the hourly chart denote a mild downward trend, which could hint at a potential shift. Buyers must successfully maintain the main SMAs to mitigate bearish threats and ensure bullish continuation. The EUR/JPY pair is currently trading at 163.13,

The Australian Bureau of Statistics (ABS) will release the Monthly Consumer Price Index (CPI) Indicator for February on Wednesday, March 27 at 00:30 GMT and as we get closer to the release time, here are forecasts from economists and researchers of six major banks regarding the upcoming inflation data. Monthly CPI is expected to grow

Lululemon Athletica plunges below $400. Full-year guidance cut to $250 million below consensus. LULU stock halts fall near long-time support at $386.50. Q4 earnings and revenue arrive above consensus. A Wall Street favorite, Lululemon Athletica (LULU) stock was dashed against the rocks on Friday due to management’s lower outlook for revenue in the current year.

Mexican Peso depreciates as local markets close for Benito Juarez’s birthday, USD/MXN aiming above 16.80. Banxico is widely anticipated to reduce interest rates slightly amidst a focus on upcoming US economic data and the FOMC outcome. Attention turns to key economic reports and central bank decisions in Mexico and the US this week. The Mexican

Gold is enjoying a remarkable start to the year. Economists at MUFG Bank analyze the yellow metal’s outlook. Gold’s structural resilience has further to run  Yet, beyond the likely solidification of Fed cut expectations in the coming weeks and months, it is the structural channels of physical demand for Gold that excites us most, which

Share: US NFP revisions worry the market on Friday. Unemployment Rate rises to 3.9%, above 3.7% consensus. China raises $27 billion investment vehicle to produce advanced chips. NASDAQ drops a full percentage point, while Nvidia loses 5%. Nvidia (NVDA) stock fell more than 5% on Friday after the US Nonfarm Payrolls (NFP) data for February distressed the market.

Share: Tiff Macklem, the Governor of the Bank of Canada (BoC), elaborates on the BoC’s choice to maintain the interest rate at 5% following the March policy gathering and addresses inquiries from the media. [embedded content] Highlights from the Bank of Canada Press Conference We have out eyes on commercial real estate, exposure in Canada

Share: Gold price catapults to $2,088.33, marking a significant rally in response to US economic reports and bond yield dynamics. Mixed manufacturing PMI reports fuel Gold’s ascent with ISM data indicating contraction in US manufacturing sector. Declining US Treasury yields bolster Gold’s attractiveness, pushing XAU/USD to new year-to-date peak. Gold price soars to a new

Share: The US Dollar turns flat after Durable Goods release. Market sentiment becomes unclear with investors awaiting further data in pivotal week. The US Dollar Index is back to flat and flirts with a leg higher towards 104.00. The US Dollar (USD) is flat for this trading session just minutes after the US opening bell.

Share: The DXY exhibits mild daily gains in Friday’s session. The Federal Reserve’s measured approach alongside a robust labor market reduces expectations of rate cuts. The market expects no chance for a March rate cut and less than a 25% chance of a cut in May.  Investors keenly await upcoming economic reports for further insights

Share: Thin Monday market churn as traders wait for big data prints this week. Canada, US both have bank holidays on Monday, throttling trading volumes. Tuesday brings Canadian CPI inflation, US FOMC Meeting Minutes on Wednesday. The Canadian Dollar (CAD) is stuck in a near-term technical range as the new trading week kicks off with

Share: Gold (XAU/USD) dipped below $2,000 for the first time since December 2023. Economists at MUFG Bank analyze the yellow metal’s outlook. Gold’s resiliency intact despite hot US inflation dampening Fed rate cut expectations Gold prices have remained in consolidation form as hotter-than-expected US inflation has dampened hopes for a rate cut in the first half

Share: Cloudflare traded up as high as 22% on Friday after releasing earnings on Thursday. Cybersecurity firm beat earnings and sales consensus for the fourth quarter. Adjustment to inflation readings helped stock indices to the upside on Friday. NET stock may find support closer to $100 psychological level. Cloudflare (NET) stock has lost just 0.85%

Share: The US Dollar retreats further from its peak performance on Monday. Traders brace Fed speakers this Wednesday in a very small economic calendar ahead.  The US Dollar Index to snap below 104 in search of support.  The US Dollar (USD) is flat for this week and tilted to move into a negative performance ahead

Share: The DXY rose by more than 0.80% to 103.90 on Friday US Nonfarm Payrolls came in higher than expected for January. US bond yields are sharply increasing as markets push to May the start of the easing cycle. The US Dollar (USD) rose to 103.90 on Friday’s Dollar Index (DXY) chart, mainly fueled by

Share: The Australian Bureau of Statistics (ABS) will release the Consumer Price Index (CPI) for December and the fourth quarter (Q4) of 2023 on Wednesday, January 31 at 00:30 GMT and as we get closer to the release time, here are forecasts from economists and researchers of six major banks regarding the upcoming inflation data.