Canadian Dollar markets swamped out by NFP release. Canada has limited data releases on the scope. US data broadly softened, fanning the flames of recession fears. The Canadian Dollar (CAD) was tossed around on Friday as global markets roiled … [Continue reading]
Brazil Industrial Output (MoM) above forecasts (2.4%) in June: Actual (4.1%)
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]
USD/MXN Price Analysis: Rises to near 19.00, aligns with four-month highs
USD/MXN may depreciate as the momentum indicator 14-day RSI indicates a potential correction. A four-month high of 18.99 acts as an immediate resistance level. The pair could find support at the lower boundary of the ascending channel around the … [Continue reading]
Australian Dollar advances after the release of PPI data
The Australian Dollar appreciates after the release of higher Producer Price Index figures. Australia's PPI rose by 4.8% YoY in Q2, against the previous quarter’s reading of 4.3%. The US Dollar received support due to increased risk aversion amid … [Continue reading]
Ethereum declines amid outflows and potential whale dump
Ethereum ETFs recorded $77.3 million in net outflows on Wednesday. Wallet related to Elwood Technologies has moved 19,500 ETH to Binance within the past two days. Ethereum could bounce off key support level to set new yearly high. Ethereum (ETH) is … [Continue reading]
Forex Today: Markets’ attention shifts to US NFP
The Greenback managed to shrug off part of the post-Fed retracement and advanced markedly in a context dominated by the risk-off sentiment. Around central banks, the BoE delivered a cautious 25 bps rate cut, although it warned against the view of … [Continue reading]
United States S&P Global Manufacturing PMI came in at 49.6, above forecasts (49.5) in July
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]
Spain 10-y Obligaciones Auction fell from previous 3.19% to 3.107%
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]
Japanese Yen continues to strengthen following policy decisions by central banks
The Japanese Yen is gaining ground following the BoJ’s unexpected hawkish policy announcements. Japan’s Ministry of Finance reported that officials spent ¥5.53 trillion ($36.8 billion) in July to stabilize the Yen. The US Dollar depreciated after the … [Continue reading]
Ethereum Foundation continues shedding holdings amid ETH ETFs recording net inflows after four-day outflow
Ethereum ETFs' net flows turn positive after a four-day streak of strong outflows. Ethereum Foundation resumed its ETH sale following 100 ETH transfer to exchange. Ethereum is showing signs of a potential bullish reversal. Ethereum is down 0.2% on … [Continue reading]