Share: Mexican Peso reverses its course and registers losses as the USD/MXN hovers near the 100-day Simple Moving Average (SMA). Mexico's inflation ticked up in November, which could prevent Banxico from easing policy as soon as they projected. US … [Continue reading]
Natural Gas braces for more downside as markets are swamped with cheap gas
Share: Natural Gas faces downside as demand remains subdued while supply builds bigger by the day. Natural Gas prices could sinks to $2. The US Dollar snaps its three-day-winning streak after BoJ surprise comments. Natural Gas (XNG/USD) is … [Continue reading]
China Foreign Exchange Reserves (MoM) above forecasts ($3.124T) in November: Actual ($3.172T)
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]
AUD/USD keeps the red near two-week low, around 0.6535-30 area after Chinese trade data
Share: AUD/USD remains under some selling pressure for the fourth successive day on Thursday. China’s economic woes and RBA rate cut bets weigh on the Aussie amid the recent USD rally. Dovish Fed expectations might cap any further USD gains and … [Continue reading]
AUD/NZD tests 1.0660 as Aussie tumbles across the board
Share: The AUD/NZD is down 0.8% on the week as the Aussie backslides. The Aussie sees six-week lows against the Kiwi. The next target for sellers will be 1.0600. The AUD/NZD is down five-tenths of a percent from Monday’s opening bids near 1.0875, … [Continue reading]
Mexican Peso advances against the US Dollar ahead of Mexico’s inflation report
Share: Mexican Peso stages a comeback as the USD/MXN breaks key support at the 100-day SMA, eyeing 17.00. Mexico’s Consumer Confidence has improved the most since 2019. US ADP Employment Change was softer than expected, weighed on the US Dollar. … [Continue reading]
US Dollar retreats as ADP triggers Greenback weakness
Share: The DXY US Dollar Index could snap its winning streak after ADP print. Traders are seeing ADP still holding above 100,000 despite undershooting estimates. The US Dollar Index retreats from 104 and could be heading sideways into … [Continue reading]
USD/JPY is steady below 147.45 resistance ahead of the US ADP report
Share: The Dollar remains moderately bid, ready to test resistance at 147.50. Dovish comments from BoJ’s Himino are weighing on the Yen. The US ADP later today is likely to determine USD’s near-term path. The US Dollar keeps a mild bid tone on the … [Continue reading]
Gold Price Forecast: XAU/USD finds buyers near $2,020, awaits US ADP jobs data
Share: Gold price is picking up fresh bids near $2,020 as the US Dollar slips despite a risk-off mood. Positive US Treasury bond yields could cap the Gold price rebound. All eyes on US ADP jobs data for a fresh trading impetus on Gold price. … [Continue reading]
Australian GDP expands 0.2% QoQ in Q3 vs. 0.4% expected
Share: Australia’s Gross Domestic Product (GDP) rose 0.2% in the third quarter of 2023 compared with the 0.4% growth in Q2, the Australian Bureau of Statistics (ABS) showed on Wednesday. This reading came in below expectations of 0.4%. The … [Continue reading]