Mexican Peso appreciates as USD/MXN dips to 19.47 after disappointing US sentiment data.Banxico cuts benchmark rate by 50 bps, but Peso holds firm as US data dents Greenback strength.U. of Michigan survey shows inflation expectations rising and … [Continue reading]
NZD/USD steadies near 0.5890 after data-driven rebound, but broader bias remains weak
The pair trades around 0.5890, snapping a two-day losing streak on stronger NZ inflation expectations and upbeat PMI.US sentiment dropped sharply, while soft inflation and retail data fuel Fed rate cut bets.Bearish bias holds; support at 0.5861 and … [Continue reading]
United States Total Net TIC Flows dipped from previous $284.7B to $254.3B in March
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]
Dow Jones Industrial Average climbs as investors disregard slump in consumer sentiment
The Dow Jones rose slightly on Friday, clipping into fresh weekly highs.Equity markets shrugged off a worse-than-expected print from the UoM Consumer Sentiment Index.Investors are hoping that more clarity will come from the Trump administration on … [Continue reading]
NZD/USD edges higher as upbeat New Zealand data offsets cautious US Dollar tone
NZD/USD rises toward 0.5894, snapping a two-day losing streak while holding within weekly range.Stronger NZ Business PMI and higher RBNZ inflation expectations support the Kiwi.DXY trades flat ahead of US consumer sentiment data, as weak US … [Continue reading]
NZD/USD: Under mild downward pressure – UOB Group
New Zealand Dollar (NZD) is under mild downward pressure against the US Dollar (USD); it could drift lower and test 0.5855. In the longer run, outlook is mixed; NZD is expected to trade in a 0.5835/0.6030 range, UOB Group's FX analysts Quek Ser Leang … [Continue reading]
ECB’s Kazaks: Meeting-by-meeting approach is right
Gold price struggles to capitalize on the previous day's strong recovery move from the $3,120 region, or the lowest level since April 10, and attracts some sellers during the Asian session on Friday. The US-China trade truce for 90 days has eased … [Continue reading]
Tornado Cash co-founder to face trial as DOJ proceeds with case
The DOJ is moving on with its case against Tornado Cash co-founder Roman Storm, according to a Thursday filing.Storm is charged with money laundering and sanctions violations.The filing comes amid the department's recent memo to drop crypto-related … [Continue reading]
Dow Jones gains ground as equities turn optimistic post-PPI beat
The Dow Jones climbed around 250 points on Thursday as sentiment continues to improve.US PPI inflation eased faster than expected in April, but future risks remain.UoM sentiment survey results are in the barrel for Friday.The Dow Jones Industrial … [Continue reading]
AUD/USD Price Forecast: The hunt for 0.6500 and beyond
AUD/USD added to recent losses and put the 0.6400 level to the test.The US Dollar traded slightly on the back foot on mixed US data, trade.Australia showed a solid jobs report in April. Inflation Expectations eased in May.AUD/USD slipped under … [Continue reading]