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]
Mexican Peso defies gloomy data, rockets higher on USD weakness
Mexican Peso advances as USD/MXN plunges below 19.90, down over 1%. The Peso shrugs off Mexico’s weak industrial output and declining consumer confidence fueling recession concerns. US consumer sentiment plunges amid rising inflation expectations, … [Continue reading]
US Dollar set to close off week on the back foot after Michigan surprise reading
The Greenback back in a weekly loss ahead of the US trading session on Friday. Headline risk persists with headlines on the government shutdown and tariff headwinds. The US Dollar Index has been limited by the 104.00 hurdle and looks to be … [Continue reading]
Oil: Surplus environment – ING
Oil prices couldn’t escape a broader risk-off move amid intense selling of US equities and global growth concerns. ICE Brent settled a little more than 1.5% down on the day. A somewhat bearish release from the International Energy Agency (IEA) hardly … [Continue reading]
USD/CAD Price Forecast: Remains depressed around 1.4430-1.4425; downside seems limited
USD/CAD ticks lower on Friday, though it lacks follow-through and manages to hold above 1.4400. The optimism over US-Canada trade talks exerts pressure, while a modest USD uptick lends support. The range-bound price action also warrants some caution … [Continue reading]
Senate Democrats’s Schumer says he will support GOP funding bill, likely avoiding shutdown
Senate Democratic Leader Chuck Schumer announced late Thursday that he plans to vote to keep the government open as the chamber prepares to take up a GOP stopgap bill continuing government funding Friday. Key quotes I believe it is … [Continue reading]
US Dollar rebounds after PPI and jobless claims data
DXY climbs after better-than-expected jobless claims data. PPI figures come in softer, raising concerns about weakening demand. Markets await updates on US diplomatic talks in Russia over Ukraine ceasefire. Trump threatens 200% tariffs on European … [Continue reading]
EUR/USD Price Analysis: Buyers take a breather as consolidation phase begins
EUR/USD was seen trading around the 1.0850 area after the European session, correcting lower after a strong rally. Overbought conditions led to a pullback, with the pair possibly consolidating between 1.0800-1.0850 before resuming its uptrend. … [Continue reading]
Trump 2.0 and ASEAN: Potential tariff exposure – Standard Chartered
Unlike Trump 1.0, ASEAN now faces increasing risk of direct effects of tariffs under Trump 2.0. ASEAN can be exposed to product-specific tariffs, and the impact may be mitigated by universal nature, Standard Chartered's economists Edward Lee and … [Continue reading]
DeFi user loses over $700K USDC in a sandwich attack that experts suggest could be money laundering
A DeFi user lost over $700K to a sandwich attack on the Uniswap exchange. The user swapped 732,583 USDC to USDT but only received 18,636 USDT. Experts speculated that the transaction could be a money laundering scheme due to how the funds were … [Continue reading]