The Mexican Peso trades in a tight range on Tuesday as the currency recovers from the post-election sell-off. President-elect Claudia Sheinbaum seeks to calm markets with positive messages about the economy and the popularity of reforms. USD/MXN continues pulling back in the midst of a short and medium-term uptrend. The Mexican Peso (MXN) appreciates on […]
Gold soars above $2,330 as investors bet on Fed rate cuts later this year. Risk aversion due to European political turmoil boosts demand for safe-haven assets like gold. US Consumer Sentiment dips in June, inflation expectations remain above Fed’s 2% target. XAU/USD is underpinned by fall of 10-year US Treasury yield. Gold’s price spiked during […]
The Mexican Peso fell over 8.0% in its key pairs last week as a result of election volatility. The Peso further weakens after a speech by outgoing president Obrador argues radical reforms are required to cure endemic corruption. USD/MXN keeps marching higher and now trades well above 18.00. The Mexican Peso (MXN) makes a marginal […]
Gold price declines after the release of US Nonfarm Payrolls data for May, shows a higher-than-expected change in employment and wages. Gold was already trending lower after data unveiling PBoC reserves showed no change in May compared to April. Short-term technical picture remains volatile as Gold whipsaws higher and then lower. Gold (XAU/USD) falls all the […]
Gold climbs 0.23% on Friday but is set for weekly drop above 3%. US Durable Goods Orders exceed expectations, though March’s revised down data softened the impact. XAU/USD recovers on mixed US data that weighs on US Dollar. Traders now anticipate only 25 basis points of Fed rate cuts in 2024, reducing expectations for easing. […]
Share: Natural Gas price recovers following the release of US inflation data which comes out lower than expected, weighing on the US Dollar. Natural Gas had been trading flat-to-lower prior to the data on Friday due to greater-than-expected stockpiles in Europe. This largely eclipsed US data out on Thursday showing a fall in inventories last […]
