FX

Gold falls 1%, retreating from $2,350, despite typically supportive lower US Treasury yields. US economic events, including inflation data and a speech by Fed Chair Powell, are poised to influence markets. Fed Vice-Chairman Jefferson was hawkish, stressed importance of driving inflation toward 2% target. Gold prices retreated sharply on Monday from near $2,350 even though

Mexican Peso strengthens as the USD/MXN drops 0.21%, following April’s hot inflation report Consumer Price Index data shows prices remain above Banxico’s target range, hinting it may hold rates at 11.00%. USD/MXN traders’ eye upcoming decisions from Banxico and its updates to economic projections. The Mexican Peso appreciated against the US Dollar after the latest

US Nonfarm Payrolls report from April underperformed, showing a lower-than-expected increase. The odds of a rate cut in September increased, which seems to be applying pressure on the USD. The US Dollar Index (DXY) is visiting the 105 level with sharp losses at the end of the trading week. This comes after Friday’s report of

Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% and responds to questions in the post-meeting press conference. Key quotes “Our decisions depend on incoming data.” “We think policy is well positioned to address different paths the economy might take.” “If inflation

Mexican Peso strengthens against US Dollar, buoyed by positive market mood, mixed economic reports. US inflation remains hot as core PCE Price Index increases above March expectations. Mexico shows a deficit, yet Unemployment Rate drops, presenting mixed economic scenario. The Mexican Peso counterattacks registered solid gains versus the US Dollar on Friday as economic data

Increasing appetite for the risk-linked space weighed further on the US Dollar, while disheartening US PMIs also kept the currency depressed. So far, the ECB is expected to cut rates in June, while the Fed is still seen reducing its rates in September. Here is what you need to know on Wednesday, April 24: Further

Federal Reserve Bank of Chicago President Austan Goolsbee argued on Friday that it would make sense to wait to get more clarity on the inflation outlook before taking a policy step. Key takeaways “Progress on US inflation has stalled.” “Fed’s current restrictive monetary policy is appropriate.” “Proper Fed policy going forward will depend on the

Dow Jones index is practically flat on afternun trading after having given away early gains.  High yields and concerns about an escalation of the Middle East conflict have offset the upbeat quarterly results by Goldman Sachs. The technical picture remains bearish with DJIA drifting away from March high.  The Dow Jones Industrial Average (DJIA) is

GBP/USD Price Analysis: Pound is under increasing bearish pressure with 1.2500 support in play The Sterling keeps trading within a bearish channel from early March lows and seems ready to test an important support area at 1.2500. Wednesday’s long negative candle reflects an impulsive bearish move and gives sellers hope to explore fresh year-to-date lows. Read More…

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