Share: Mexican Peso halts two-day losing streak against USD, with USD/MXN trading down on the day. Mexico's inflation data was mixed ahead of the release of Banxico's last meeting minutes. USD/MXN to remain trading range-bound amid low volume due … [Continue reading]
Turkey CBRT Interest Rate Decision registered at 40% above expectations (37.5%)
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/INR gains traction amid inflation concerns
Share: Indian Rupee loses ground despite the weaker USD, lower oil prices. RBI’s Das said the Indian Rupee has witnessed “low volatility” and orderly movements as compared to its peers. Das estimates India's real GDP to grow by 6.5% in fiscal years … [Continue reading]
Binance CEO CZ may not return to the UAE before sentencing
Share: Binance CEO Changpeng Zhao pleaded guilty to charges levied by the US DoJ, but was released on $175 million bond. However, he may not be able to return to his residence on Dubai, UAE, as US prosecutors petition the federal judge. The … [Continue reading]
Canadian Dollar reverses downside flows to chalk in small gain on Wednesday
Share: The Canadian Dollar fell back early Wednesday as market sentiment sours on multiple fronts. US data briefly depleted risk appetite as Crude Oil also saw an early decline. USD/CAD hits a new high for the week as the US Dollar … [Continue reading]
Gold Price Analysis: XAU/USD continues to wrestle with $2,000
Share: Spot Gold is bidding lower, testing back beneath the $2,000 key handle. XAU/USD is trimming back some gains as investors weigh their options post-US data. Gold remains well-bid, but $2,000 is proving to be a challenging level. XAU/USD … [Continue reading]
UK Autumn Forecast Statement: We will reduce debt, cut taxes, reward work in this statement
Share: UK Finance Minister Jeremy Hunt announced the Autumn Forecast Statement on Wednesday, stating that “we will reduce debt, cut taxes, reward work in this statement.” Additional quotes We will cut business taxes. The Office for Budget … [Continue reading]
USD/CNY: Yuan unlikely to strengthen substantially further in the near term – Commerzbank
Share: The softening in USD and signs of thawing of US-China relations have helped to strengthen the Yuan over the past week or so. Economists at Commerzbank analyze USD/CNY outlook. Stabilization rather than a strong re-acceleration in activity … [Continue reading]
USD/INR trades firmer, RBI remains on high alert on inflation
Share: Indian Rupee loses ground on the renewed USD demand. The Ministry of Finance stated that they remain on high alert over inflationary risks. Market players await the US Jobless Claims Durable Goods Orders and UoM Consumer Sentiment survey. … [Continue reading]
AUD/USD loses its recovery momentum below 0.6560 ahead of RBA’s Bullock speech
Share: AUD/USD loses traction around the mid-0.6500s in early Wednesday. The FOMC showed members agreed policy to remain at a restrictive stance for some time until inflation moves down toward the objective. The November RBA Board meeting … [Continue reading]