Mexican Peso is virtually unchanged after hitting a daily high of 19.46. Banxico cuts rates by 25 bps in a 4-1 vote, with inflation expected to ease by 2025. USD/MXN briefly dipped to 19.55 but stabilized above 19.60 after Banxico’s rate cut … [Continue reading]
United States 4-Week Bill Auction unchanged at 4.7%
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Powell speech grabs attention as dovish Fed bets increase after 50 bps September rate cut
Remarks from Fed Chair Jerome Powell and his colleagues will hog the limelight on Thursday. Fed officials lately explained why they supported an outsized rate cut at the September meeting. Powell’s speech and Fed commentary could rock the US Dollar … [Continue reading]
Japanese Yen holds position as US Dollar loses ground due to dovish Fedspeak
The Japanese Yen receives downward pressure as traders expect the BoJ to delay further rate hikes. The BoJ Meeting Minutes highlighted a consensus among members on the need to remain vigilant regarding inflation risks. Traders await US Gross Domestic … [Continue reading]
Australian Dollar receives support from divergent policy outlooks between central banks
The Australian Dollar gains ground as the RBA and Fed adopt different policy outlooks. The Reserve Bank of Australia is highly expected to keep interest rates unchanged in the near future. The US Federal Reserve may deliver more rate cuts by the end … [Continue reading]
Australian Dollar stands weak after local CPI figures
AUD/USD retreats on resurgent demand for safe-haven US Dollar amid lingering global economic concerns. Hawkish RBA stance and market expectations of 50 bps Fed rate cut in November support the pair. Despite softer Australian CPI data, near-term RBA … [Continue reading]
United States 5-Year Note Auction down to 3.519% from previous 3.645%
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Pound Sterling corrects from 1.3400 while the overall outlook remains firm
The Pound Sterling faces pressure near 1.3400 against the US Dollar, while the latter's outlook remains vulnerable. BoE Governor Andrew Bailey sees a gradual decline in interest rates. Investors await the US PCE inflation data for August on Friday … [Continue reading]
Switzerland ZEW Survey – Expectations fell from previous -3.4 to -8.8 in September
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Silver Price Forecast: XAG/USD bulls retain control near four-month top, above $32.00 mark
Silver consolidates near a multi-month peak touched earlier this Wednesday. The technical setup favors bulls and supports prospects for additional gains. Any corrective slide could be seen as a buying opportunity and remain limited. Silver (XAG/USD) … [Continue reading]