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 […]
GBP/NZD channels down during November and reaches support at the 50-day SMA. This could be a turning point for the pair and lead to a breakout and continuation of the trend higher. GBP/NZD has been correcting back in a mini channel during November after peaking at the October 30 high. It has now reached support […]
GBP/USD Price Forecast: Steadies at around 1.2600 The GBP/USD fluctuates, yet it remains virtually unchanged at the beginning of the week as UK traders await the release of UK inflation figures and Retail Sales data. In the meantime, aside from Fed speakers, a scarce economic docket in the US might pave the way for some consolidation on […]
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 […]
EUR/JPY is approaching levels where it threatens to reverse the medium-term trend. Further downside could see the pair fall to the 50-day SMA. EUR/JPY is threatening to reverse its medium-term uptrend and begin a new downtrend. This is important since according to technical analysis theory “the trend is your friend” so if the medium-term trend […]
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 […]
Headline inflation in October climbed to 6.2% yoy vs 5.5% in September. This was the first time inflation rose above the upper end of RBI’s 2-6% target range since August 2023. Food and beverage prices, 46% of the weight in the CPI index, were once again the main driver, mainly due to higher vegetable prices, […]
The USD/CAD pair may approach the upper boundary of the ascending channel at the 1.4080 level. Traders may anticipate a potential downward correction if the 14-day RSI surpasses the 70 mark. The immediate support appears at the nine-day EMA at 1.3943 level followed by the 14-day EMA at the 1.3917 level. The USD/CAD pair gains […]
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 stock market rally is on pause on Tuesday. There have been some chunky losses for European stocks, and even US stocks have seen their gains slow. The S&P 500 is still expected to remain above 6,000, which is a sign that any sell-off on Tuesday may be mild and short-lived. US stocks had their […]
The NZD/USD got rejected by the 20-day SMA by the fourth time this week. Technical indicators point to increasing selling pressure and decreasing buying pressure. A breakout from the 0.5940-0.6030 range will confirm a bearish outlook. In Friday’s session, the NZD/USD declined by 1.05% to 0.5960, continuing its downward trend as the pair got rejected by […]
Gold declines as Trump’s win reduces political risk; focus on potential inflationary policies. US Dollar recovery pressures Bullion despite lower Treasury yields. Powell signals gradual rate adjustments, leaving Fed’s future path open amid economic strength. Gold prices had fallen on Friday as the Greenback stages a recovery despite falling US Treasury yields. Traders continued to […]
