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 trades mixed into the weekend as data and events rock peers
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 … [Continue reading]
US Dollar pares some losses with investors awaiting October’s jobs data
The US Dollar has pared some of the recent losses favoured by a cautious market mood ahead of the NFP report. The US economy is expected to have created fewer jobs in October, partly due to the effect of hurricanes and strikes. Technical indicators … [Continue reading]
EUR/USD Forecast: Euro trades near key technical level ahead of NFP
EUR/USD stays in a consolidation phase below 1.0900 early Friday. Nonfarm Payrolls in the US are forecast to rise by 113,000 in October. 1.0870 aligns as a key pivot level for the pair. EUR/USD closed the fourth consecutive day in positive territory … [Continue reading]
China’s Caixin Manufacturing PMI jumps to 50.3 in October vs. 49.7 expected
China's Caixin Manufacturing Purchasing Managers' Index (PMI) jumped to 50.3 in October after recording 49.3 in September, the latest data showed on Friday.The market forecast was for a 49.7 figure in the reported month. AUD/USD … [Continue reading]
Mexican Peso strengthens on strong macroeconomics, soft USD
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 … [Continue reading]
AUD/USD Price Forecast: Further losses are likely below the 200-day SMA
AUD/USD resumed its downtrend and revisited the area below 0.6550. The US Dollar traded in a vacillating fashion post-US PCE data. Retail Sales in Australia disappointed expectations in September. The selling pressure returned to the Aussie Dollar … [Continue reading]
How to trade NFP, one of the most volatile events
NFP is the acronym for Nonfarm Payrolls, arguably the most important economic data release in the world. The indicator, which provides a comprehensive snapshot of the health of the US labor market, is typically published on the first Friday of … [Continue reading]
USD/JPY Price Forecast: Post-BoJ slide could be seen as buying opportunity, US PCE data in focus
USD/JPY comes under heavy selling pressure in reaction to BoJ’s hawkish hints. The USD hangs near the weekly low and exerts additional pressure on the pair. Bets for smaller Fed rate cuts should limit losses ahead of the US PCE Price Index. The … [Continue reading]
Gold price holds steady near all-time peak, below $2,800 ahead of US PCE Price Index
Gold price continues to attract haven flows amid US political jitters and Middle East woes. A further rise in the US bond yields revives the USD demand and caps the precious metal. Traders now look to the release of the US PCE Price Index for some … [Continue reading]