Mexican Peso tanks as USD/MXN rises over 1.50% weekly, reaching new yearly highs. US Dollar Index climbs as Treasury yields jump, boosting Greenback strength. Mexican economic data shows resilience, but US elections add uncertainty for emerging market currencies. The Mexican Peso depreciated sharply against the Greenback on Friday and recorded new yearly highs of 20.29, […]
US Dollar finds supports after NFPs
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US Dollar retreated after posting solid gains in recent weeks. Nonfarm Payrolls increased by 12,000 in October, falling short of market expectations. Markets remain almost fully pricing in a 25 bps cut by the Fed next week. The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, […]
AUD/USD declines due to modest US dollar gains after a packed economic calendar. Weak Chinese PMIs weigh on the Australian Dollar. RBA expected to maintain a hawkish stance, supporting AUD/USD, but concerns over China’s economy linger. The AUD/USD pair declined by 0.40% to 0.6560 in Friday’s session, pressured by a modest US dollar recovery and […]
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Investing.com — The U.S. presidential election outcome may be too tight to call, but Charles Gave of Gavekal Research believes that if Republicans win big on Tuesday, then investors should sell the and the French bond market as quickly as possible as the single market’s economic woes are certain to deepen. “I have no idea whether […]
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Markets: Gold down $10 to $2734 US 10-year yields up 10 bps to 4.38% WTI crude oil up 20-cents to $69.46 S&P 500 up 0.4% GBP leads, CHF lags The crosscurrents in markets continued on Friday as we count down to the US election. It’s tough to separate moves based on economic data from election […]
NZD/JPY has been trading sideways recently, with mixed signals from technical indicators. The pair is currently supported at 90.70 and faces resistance at 91.90. There are some signs of bearish momentum mounting which could threaten the 20-day SMA. Friday’s trading saw the NZD/JPY pair continue its sideways movement of the past sessions. The pair exhibits […]
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Intel stock has its best performance in some time. INTC shares lifted 8% by better Q4 guidance. Intel misses on bottom line with $-0.46 loss in Q3 Revenue was benefited by AI and Edge computing. Intel (INTC) stock surged more than 8% on Friday after the embattled legacy semiconductor firm announced major progress on […]
There was a popular theory among central bankers coming out of the post-covid inflation shock: That the world had changed. The overwhelming line of thought is that we would never get back to ZIRP or negative interest rates and that the neutral rate was higher. I’ve yet to hear a compelling reason for why that […]
By Saqib Iqbal Ahmed and Laura Matthews NEW YORK (Reuters) -The dollar rose against the euro and rebounded against most major currencies on Friday after traders digested data showing U.S. job growth slowed sharply in October amid disruptions from hurricanes and strike action by aerospace factory workers. Nonfarm payrolls rose by 12,000 jobs after a […]
