Share: Mexican Peso recovers as weak US data sparks a sell-off, bringing USD/MXN down from a four-week high. US job growth disappoints, triggering Dollar weakness; inflation fears persist as Average Hourly Earnings rise. Mexican inflation declines … [Continue reading]
S&P 500 bears are moving in but on the front side of bull trend
Share: US stocks slammed into the close and erode the NFP knee-jerk rally. Investors rethink the US data this week and the hawkish sentiment is a dark cloud over Wall Street. The S&P 500 (US500) index fell on Friday … [Continue reading]
Shiba Inu holders increase a thousandfold after SHIB lead developer hints at Layer-2 Shibarium launch
Share: The number of SHIB holders has increased by 2,828 over the last 24 hours, CryptEye data shows. The surge comes after the meme coin’s lead developer hinted at a possible launch date for the L2 Shibarium. The announcement has revitalized buyer … [Continue reading]
AUD/USD surrenders gains as USD Index rebounds despite downbeat US NFP report
Share: AUD/USD has capitulated gains generated after the release of weaker-than-expected US NFP data. S&P500 is expected to open on a subdued note as investors are cautious ahead of second-quarter result season. The Australian Dollar could show … [Continue reading]
Pound Sterling freezes as higher borrowing costs weigh domestic housing sector
Share: Pound Sterling has turned back and forth around 1.2740 ahead of key employment data. Households in the United Kingdom are facing a burden as stubborn inflation bites individuals’ pockets. Market participants are anticipating that interest … [Continue reading]
USD/CAD sits near multi-week top, above mid-1.3300s as traders await US/Canadian jobs data
Share: USD/CAD consolidates its recent strong gains to the highest level since June 13. Bullish Oil prices underpins the Loonie and caps the upside amid a softer USD. Bets for more Fed rate hikes act as a tailwind ahead of US/Canadian jobs data. … [Continue reading]
USD/CAD Price Analysis: Loonie bulls need validation from 1.3390 and US/Canada employment data
Share: USD/CAD grinds near three-week high as key US, Canada data looms, clings to 50-EMA hurdle. Bullish MACD signals, upbeat RSI favors Loonie pair buyers to cross immediate EMA resistance but 200-EMA can prod the bulls. Four-month-old descending … [Continue reading]
NZD/USD slides towards 0.6155 following strong US data
Share: After jumping to a high of 0.6218, the NZD/USD retreated to 0.6155 as bulls struggle to gain momentum. ADP and ISM Services PMI came in above expectations. Hawkish bets on the Federal Reserve made the 2-year yield jump to their highest level … [Continue reading]
United States EIA Crude Oil Stocks Change increased to -1.508M in June 30 from previous -9.603M
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/JPY could be heading for 150 in the short term – MUFG
Share: Looking at the G10 currencies in June shows that the Dollar weakened, but that the Yen softened even further. Yen selling is likely to continue in the short term, in the view of economists at MUFG Bank. A policy shift by the BoJ could result … [Continue reading]