Share: USD/CAD drifts lower to 1.3472 amid the modest USD decline. US GDP expanded at a 3.3% annualized rate in the fourth quarter of 2023, stronger than expected. A rise in oil prices amid Middle East geopolitical tensions might lift the … [Continue reading]
GBP/JPY flattens on Thursday with Tokyo CPI inflation ahead
Share: The GBP/JPY trimmed into median bids with Japanese inflation preview on Friday. UK sees GfK Consumer Confidence to end the trading week. Guppy entrenched in rangebound pattern. The GBP/JPY strung along the midrange on Thursday, trading on … [Continue reading]
United States 4-Week Bill Auction declined to 5.28% from previous 5.285%
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]
Mexico Jobless Rate meets expectations (2.6%) in December
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]
ECB Preview: Three scenarios and their implications for EUR/USD – TDS
Share: Economists at TD Securities discuss the European Central Bank (ECB) Interest Rate Decision and their implications for the EUR/USD pair. Base Case (65%) The ECB delivers another hold and makes no major changes to the press statement. The … [Continue reading]
EUR/USD Price Analysis: Moves lower to near 1.0880 followed by the 38.2% Fibonacci level
Share: EUR/USD loses ground as the US Dollar attempts to recover its recent losses. The lagging indicator MACD suggests a confirmation of the bearish momentum. The 38.2% Fibonacci retracement at 1.0867 and major support at 1.0850 could act as the … [Continue reading]
EUR/JPY Price Analysis: Slumps below 161.00, sellers targeting key support level
Share: EUR/JPY falls 0.29%, influenced by BoJ Governor Ueda's hints at possible monetary policy normalization. Technical analysis shows the pair in a neutral stance, with a potential drop below the Tenkan-Sen at 160.22 opening the path to 160.00 … [Continue reading]
United States 5-Year Note Auction climbed from previous 3.801% to 4.055%
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]
US Dollar sinks ahead of US PMI with calls for quicker cuts back on the table
Share: The US Dollar is back flirting with a break lower. Traders are going into risk-on mode with German and EU PMI numbers improving. The US Dollar Index faces pressure on the 103-handle again. The US Dollar (USD) sinks lower with traders … [Continue reading]
USD/MXN depreciates to near 17.23 due to downbeat US yields, focus on US PMI
Share: USD/MXN snaps a two-day winning streak ahead of US PMI data The decline in the US bond yields undermines the US Dollar. Banxico’s former Governor Agustin Carstens suggested being cautious before making policy decisions. USD/MXN moves in a … [Continue reading]