The Mexican Peso pares gains main from resilient Q3 GDP growth and nears the weekend mixed. Multiple risk factors weigh including the risk of Trump tariffs, Banxico interest-rate cuts and domestic political jitter. USD/MXN faces tough resistance just above the key 20.00 handle as bulls try to push higher. The Mexican Peso (MXN) trades mixed across […]
The Pound Sterling gains sharply as traders pare BoE dovish bets. The BoE is expected to cut interest rates only once in the remaining two meetings this year. US NFP and the ISM Manufacturing PMI remained weak in October. The Pound Sterling (GBP) jumps to near 1.2950 against the US Dollar (USD) in Friday’s New York session after posting a […]
Gold recovers after the steep sell-off on the previous day amid rising safe-haven flows. Hopes of a ceasefire in the Middle East were dashed after Hezbollah launched a rocket attack, killing seven people in northern Israel. Gold could be impacted by the release of US Nonfarm Payrolls data on Friday as it could change the […]
Mexican Peso appreciates after Q3 GDP growth of 1% QoQ, surpassing expectations. Peso remains vulnerable to US election results as Trump’s tariff threats on Mexican auto imports weigh on sentiment. Upcoming Mexican data on Business Confidence and employment, along with US Nonfarm Payrolls and ISM Manufacturing PMI, could influence USD/MXN. The Mexican Peso appreciated over 0.60% […]
Gold price consolidates near record high amid elevated US bond yields and renewed USD buying. US political jitters and Middle East tensions might continue to act as a tailwind for the XAU/USD. Traders keenly await the release of the US PCE Price Index before placing fresh directional bets. Gold price (XAU/USD) trades with a mild […]
Mexican Peso weakens due to strong US data and political uncertainty tied to Mexico’s judiciary reform. Mexico’s Q3 GDP exceeds forecasts, but US ADP jobs data and resilient GDP growth lifts the USD. Traders eye upcoming data, including Mexico’s Business Confidence and US PCE Price Index and Nonfarm Payrolls. The Mexican Peso extended its losses […]
Gold climbs to new ATH at $2,774 as mixed US data bolsters expectations of a Fed rate cut in November. Safe-haven demand remains strong amid heightened Middle East conflict, Ukraine war, and rising odds for a Trump victory in US elections. Investors await key economic data this week, including GDP, Nonfarm Payrolls, and the PCE […]
Dow Jones dips from 42,500 as US Treasury yields rise. US job openings drop to lowest since January 2021, supporting rate cut bets. Consumer Confidence jumps to 108.7, the highest since March 2021. Boeing leads Dow gains, up 2.93% after share sale, while Chevron, Coca-Cola, and Home Depot lag behind, posting notable losses. The Dow […]
Gold pushes higher after Oil plummets
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Gold rises after Oil prices cascade due to Israel’s decision not to target Iranian Oil facilities in its recent bombing raid. Cheaper Oil is likely to keep global inflation capped, leading to lower interest rates, which is positive for Gold. XAU/USD trades up to the top of a mini range, consolidating within a longer-term bullish […]
Gold weakens after the China Gold Association highlights a drop in the consumption of Gold for jewelry. The rising price of Gold is posited as the main reason behind the reduction in demand. XAU/USD remains within the confines of a mini range, consolidating within an overall bullish trend. Gold (XAU/USD) falls to trade in the […]
US Dollar holds its ground at the end of the week, remains in consolidation mode. Fed officials remain cautious on inflation, as Durable Goods Orders miss market expectations. Markets continue to see two cuts by year-end. The US economy remains robust with GDPNow tracking third-quarter growth at 3.4%. The strong economic outlook might push the […]
Gold remains elevated amid renewed Middle East hostilities. US election uncertainty adds to gold’s appeal, with polls showing a tight race between Trump and Biden in key swing states. Rising US Treasury yields and a rebounding Dollar cap gains, with DXY up 0.29% and limiting further upside for the yellow metal. Gold price remains firm […]
