USD/MXN rises 0.20% to 19.97, hitting a four-week low of 20.14 amid ongoing political turmoil in Mexico. Judicial reform bill awaits Senate approval with potential consequences for US-Mexico relations and market sentiment. Mexico’s upcoming inflation data and US NFP are key factors that could influence further Peso movement. The Mexican Peso fell against the Greenback […]
AUD/USD rebounds strongly from an eight-month low of 0.6350 as the US Dollar hits hard. Dismal market sentiment keeps the Australian Dollar on edge. Investors await the US ISM Services PMI for July and the RBA monetary policy. The AUD/USD pair bounces back strongly after posting a fresh eight-month low near 0.6350 in Monday’s European […]
NZD/USD trades with a negative bias for the sixth straight day amid worries about China. The risk-off impulse further contributes to driving flows away from the risk-sensitive Kiwi. Dovish Fed expectations keep the USD bulls on the defensive, albeit do little to lend support. Traders now look to the US Q2 GDP for a fresh […]
In a fateful incident during a rally in Butler, Pennsylvania on Saturday, Former President Donald Trump was injured in an assassination attempt. Several bullet shots were fired at Donald Trump’s rally and one such shot ripped the upper part of his right ear. Trump was immediately rushed to a safer place by the Secret Service and […]
Share: US Dollar Index stays depressed after reversing from 11-week high. Yields, inflation expectations drop but activity data flash mixed signals to prod DXY bears. Absence of hawkish surprise from Fed, China-linked optimism exerts downside pressure on Greenback ahead of top-tier data. US CB Consumer Confidence can offer intraday directions but NFP, Fed’s […]
Share: AUD/USD remains sidelined after barely defending six-week losing streak. China halves stamp duty on stocks trade to boost economy, industrial profits drop for seven consecutive month. Australia Treasurer Chalmers flags economic fears due to RBA rate hike, China slowdown. Australia Retail Sales will direct intraday traders amid mixed central bank clues but […]
Share: USD/MXN stays pressured at the lowest level in three weeks while taking offers to 16.90 amid early Wednesday. In doing so, the Mexican Peso (MXN) pair ignores the broad US Dollar strength by printing a six-day losing streak amid downbeat options market bias for the pair, suggesting the market’s optimism for Peso. […]
Share: AUD/USD remains depressed at YTD low after five-week losing streak. Weekend news from China pauses further downside of Aussie pair ahead of top-tier data/events. PBoC is expected to cut benchmark rates after trimming other rates earlier in August. Aussie/US PMIs, Jackson Hole Symposium eyed for clear directions. AUD/USD holds lower grounds near […]
Share: Global market sentiment is cautious, with equities declining and bond yields rising, as investors anticipate further monetary tightening by central banks. July’s Fed minutes reveal a unanimous decision for a rate hike but growing caution among board members about potential over-tightening. US data: Initial Jobless Claims slightly better than expected at 239K; […]
Share: USD/INR struggles for clear directions after refreshing all-time high, mildly offered of late. US Dollar bulls brace for FOMC Minutes, allowing Indian Rupee sellers to take a breather. Downbeat Oil price, pullback in yields also allow USD/INR to consolidate recent moves. Fed officials need to defend hawkish bias to help Greenback buyers […]
Share: Gold Price fades bounce off one-week low amid market’s pre-Fed anxiety, China concerns. China-inspired optimism also dims as fears of Sino-US tussle reignite. Mixed data underpins dovish bias for US central bank but FOMC has always been a fighter. Fed Chair Powell’s speech can fuel Gold price on confirming policy pivot chatters. […]
Share: USD/MXN remains on the back foot at the lowest levels since December 2015, making rounds to 16.75 while fading the early Monday’s corrective bounce during Tuesday’s Asian session. That said, the Mexican Peso (MXN) pair dropped in the last seven consecutive days amid broad-based US Dollar weakness, mainly driven by the concerns […]
