The Australian Dollar rises as the RBA intends to maintain a restrictive monetary policy. The RBA Meeting Minutes indicated that the board remains vigilant about the potential for further inflation. A Reuters poll indicated that nearly 90% of economists anticipate a 25bps cut in December. The Australian Dollar (AUD) retraces its recent losses on Thursday, […]
Mexican Peso erases previous gains on global geopolitical developments and dovish comments from Banxico’s Governor. Victoria Rodríguez Ceja’s dovish stance on continued rate cuts reflects efforts to manage inflation amidst economic challenges. Geopolitical risks remain heightened as military actions in Ukraine influence USD/MXN’s volatility. The Mexican Peso erased some of Tuesday’s gains versus the Greenback […]
EUR/USD faces pressure near 1.0600 as ECB policymakers seem more worried about the economic outlook than about controlling inflation. ECB’s Panetta emphasized an expansionary monetary policy stance to prevent inflation from remaining well below the bank’s target. Deutsche Bank sees the Fed cutting interest rates in December but expects it to be a close call. […]
Mexican Peso appreciates and shrugs off bad credit outlook review, strong US data. Moody’s revises Mexico’s credit outlook to negative, citing concerns over judicial changes impacting economic stability. Peso strengthens in spite of Banxico’s rate cut with inflation expectations remaining above target. The Mexican Peso recovered some ground against the US Dollar during the North […]
The gold price trades with a negative bias in Friday’s Asian session. The firmer USD, expectation of a slower pace of Fed rate cuts, exert selling pressure on the Gold price. The US Retail Sales report for October will take center stage later on Friday. The Gold price (XAU/USD) struggles to gain ground around $2,570 […]
Mexican Peso on the offensive, boosted by Banxico’s decision. Banxico reduces its key rate to 10.25%, citing progress in the disinflation process despite higher inflation risks. US inflation data hints at halted disinflation, potentially influencing Fed’s future decisions. The Mexican Peso appreciates against the US Dollar on Thursday after the Bank of Mexico (Banxico) decided […]
Mexican Peso finds its foot after US inflation data announced ahead of Banxico decision. US inflation report meets forecasts, raising chances of a Fed rate cut in December to 82%. Banxico expected to reduce rates to 10.25%, potentially narrowing the interest rate differential with the US. The Mexican Peso stayed firm against the US Dollar […]
The Dow Jones is taking a breather as bids grapple with 44,000. Post-election rally pauses, but with little retracement on the cards. US CPI inflation data due Wednesday to drive momentum. The Dow Jones Industrial Average shed around 300 points on Tuesday, marking out territory near the 44,000 handle as equities take a brief pause […]
The Dow Jones is set to close north of 44,000 for the first time ever as bulls continue to run. Equity markets have tilted fully into the buy side after Trump’s decisive election win. US CPI inflation print due in the mid-0week as markets eye more Fed rate cuts. The Dow Jones Industrial Average (DJIA) […]
EUR/USD weakens as investors await a slew of Fed speakers for fresh interest rate guidance. The Euro declines as Trump’s policies are expected to weigh on the Eurozone’s exports. This week, investors will focus on the US inflation data for October. EUR/USD posts a fresh six-month low near 1.0650 in Monday’s North American session. The major currency pair weakens as the election […]
The Canadian Dollar shed 0.4% against the Greenback on Friday. Canada saw a worse-than-expected print in net new jobs additions in October. Average Canadian wages also rose, maintaining upward pressure on inflation expectations. The Canadian Dollar flubbed a near-term technical recovery on Friday, slumping back into familiar lows against the Greenback. The Loonie remains under […]
Dow Jones tapped 44,000 for the first time ever on Friday. Equities are extending a near-term bullish push to wrap up the trading week. UoM sentiment survey results came in much better than expected. The Dow Jones Industrial Average (DJIA) rose into fresh all-time highs on Friday, clipping into 44,000 as stocks lean firmly bullish […]
