MEXICO CITY (Reuters) – Mexico’s peso weakened nearly 23% this year to close the final day of trading at 20.82 pesos per U.S. dollar on Tuesday, the currency’s deepest drop against the greenback since the 2008 global financial crisis. The peso’s volatile year kicked off with months of steady gains until the days following June’s […]
Happy New Year Welcome to 2025! The clock has turned on the foreign exchange market and we’re onto the new charts. Here are the final closing levels for 2024 for the major pairs Euro: 1.0354 Japanese Yen: 157.21 British Pound: 1.2524 Swiss Franc: 0.9072 Canadian Dollar: 1.4380 Australian Dollar: 0.6188 New Zealand Dollar: 0.5582 US […]
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any […]
It was a great year for the bulls as every dip was bought. It was a tougher scenario globally but the US market was a big winner. On the day: S&P 500 -0.4% Nasdaq -0.9% DJIA -0.1% Russell 2000 +0.1% Toronto TSX Comp +0.4% On the month: S&P 500 -2.5% Nasdaq +0.5% DJIA +0.5% Russell […]
NZDJPY daily chart in 2024 The New Zealand dollar and Japanese yen are the two-worst performing major currencies of 2024. That’s an odd occurrence as they often find themselves on the opposite sides of the spectrum as a traditional high yielder (NZD) and low yielder (JPY). This year, the US dollar took an 11.6% bite […]
XAU/USD is holding north of $2,600/ounce, but topside momentum remains limited. Another spat of risk-off market sentiment pushed Gold higher on the year-end market session. Global markets will largely be shuttered on Wednesday for the New Year’s holiday. XAU/USD caught a bid on a quiet Tuesday, rising back into $2,625.00 per ounce after taking a […]
The strength of the US dollar was the story of the year in the forex market once again in 2024 and it’s finishing strong today. The dollar slumped late in 2023 as the market saw rate cuts but they didn’t start until late in 2024 and now some analysts think they’re already done, while the […]
GBP/USD Price Forecast: Tests nine-day EMA above descending channel near 1.2550 GBP/USD retraces its recent losses, trading around 1.2550 during the European hours on Tuesday. The daily chart analysis suggests a weakening bearish bias as the pair is positioned above the upper boundary of the descending channel pattern. Read More… GBP/USD holds gains near 1.2550, driven […]
Clyde Russell at Reuters takes a look at a few scenarios for global markets in 2025 and how they will play out. It’s a good time to think through some different ideas, even if you disagree with some of the takes here. Not surprisingly, the list is dominated by the uncertainty of how Trump and […]
Stock heatmap by FinViz.com Tue, 31 Dec 2024 14:46:05 GMT Sector Overview: Winners and Losers in Focus The US stock market is presenting a mixed bag of performances today, where certain sectors and key players are standing out. 🚗 Consumer Cyclical: Tesla (TSLA) steals the spotlight with a significant rise of 1.89%. This surge highlights […]
Prices up 4.2% y/y vs +4.6% prior Prices down 0.2% m/m vs -0.4% prior non-seasonally adjusted Prices up 0.3% vs +0.2% expected, seasonally adjusted Separate housing data from the FHFA: Prices +0.4% m/m vs +0.7% prior Prices +4.5% y/y vs +4.5% prior Home builders have been one of the worst-performing sectors in Q4 as rates […]
PODGORICA (Reuters) -Montenegro on Tuesday extradited Terraform Labs co-founder Do Kwon to the United States, where he faces charges of having deceived investors about the stability of the TerraUSD cryptocurrency and how an app used the Terraform blockchain. Kwon was handed over to U.S. law enforcement officers and agents of the Federal Bureau of Investigation […]
