Avalanche price shows signs of exhaustion as it approaches the $51 to $56 resistance zone. The bearish divergence developed on the weekly chart forecasts a potential correction. The immediate imbalance, extending from $45 to $50, is a good level for … [Continue reading]
Mexico Fiscal Balance, pesos fell from previous -159.14B to -263.06B in February
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]
United States CFTC Oil NC Net Positions climbed from previous 277.8K to 278K
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]
United Kingdom CFTC GBP NC Net Positions declined to £35.2K from previous £53.2K
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]
GBP/JPY Price Analysis: Holds steady around 191.00 amid thin liquidity conditions
GBP/JPY hovers around 191.00, with trading subdued due to the Easter holiday. Technical indicators show potential for movement, with key levels at 191.57 and 190.74, marking immediate targets. Future direction hinges on breaking 192.00 resistance or … [Continue reading]
US core PCE inflation Preview: Monthly deceleration unlikely to tip Federal Reserve rate cut bets for June
The core Personal Consumption Expenditures Price Index is set to rise 0.3% MoM and 2.8% YoY in February. Markets see a strong chance of the Federal Reserve lowering the policy rate by 25 basis points in June. The revised Summary of Projections showed … [Continue reading]
Turkey Trade Balance declined to -6.77B in February from previous -6.23B
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]
China’s SAFE: Will steadily promote financial market opening
Speaking at the annual Boao Forum on Friday, Xu Zhibin, the deputy head of the State Administration of Foreign Exchange (SAFE), said that he “will steadily promote financial market opening.” Additional comments Will improve policies to facilitate … [Continue reading]
Gold price finishes Thursday’s session set to reach new all-time highs
Gold price soars to all-time high of $2,225, defying rising Treasury yields and a robust US Dollar. Fed Governor Waller's hawkish comments and upbeat US data were no excuse for the advance in Gold and the US Dollar. Market anticipation builds for the … [Continue reading]
Mexican Peso retreats as USD/MXN rises on Fed’s hawkish signals, strong US data
Mexican Peso slips from multi-year lows, reacting to optimistic US growth figures and labor market resilience. Strong US GDP growth in Q4 2023 and a robust labor market boosted the US Dollar, a headwind for the Mexican currency. Fed’s Waller remains … [Continue reading]