FX

Share: Mexican Peso extends its rally, capitalizing on a weaker USD. Mexico’s GDP growth aligns with expectations and might refrain Banxico’s officials from easing monetary policy. Mixed US economic data, with improving business activity but a downturn in Manufacturing PMI, weighed on the USD/MXN pair. Mexican Peso (MXN) is set to finish the week on

Share: Sterling a moderate outperformer on the day. Economists at Scotiabank analyze GBP’s outlook. Charts remain bullish Sterling is edging closer to 1.2589 resistance (50% retracement of the July/October fall in Cable) and looks set for its highest weekly close since early September. Gains in the Pound have overcome the 100 and 200-DMA over the

Share: After more than a month of negotiations over ministerial roles and policies, New Zealand’s National Party has achieved an agreement with ACT New Zealand and New Zealand First to form the country’s next three-party coalition government, per Reuters.  The coalition announced a series of policy reforms, including the role of the Reserve Bank of

Share: Natural Gas prices fall further as a ceasefire breakthrough in Gaza looks imminent.  The US Dollar trades in the red again for this week, erasing Wednesday’s gains. Natural Gas prices could decline to $2.70 in a worst case scenario.  Natural Gas (XNG/USD) is sinking this week as a ceasefire deal in Gaza means less

Share: Gold rose the most in a month to north of $2,000. Strategists at TD Securities analyze the yellow metal’s outlook. The Fed has room to loosen monetary policy Weakening data and moderating inflation have prompted some to think the Fed has room to loosen monetary policy, with markets now pricing in a roughly 30%

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 showed a hawkish tone with a focus on risk management along with a data-dependent approach. Market players will

Share: The 1.8% decline in the US Dollar Index (DXY) last week was the largest since the second week of July. Economists at Société Générale analyze Greenback’s outlook. DXY at risk of a deeper retracement towards 102.55 A close below the 200-DMA (103.62) put the DXY at risk of a deeper retracement towards 102.55.  In

Share: Nataxis research is out with a note detailing how long-running supply and demand imbalances in the Eurozone are going to keep rates higher for longer than most markets are currently expecting. The state of supply and demand for goods and services in the eurozone In the recent period (since the start of 2023), insufficient

Share: “With inflation halved we can now look forward to the future economy we want to build,” United Kingdom (UK) Prime Minister Rishi Sunak said on Monday. Additional  quotes We believe in cutting taxes carefully and sustainably. Our approach starts with controlling inflation. We have met our commitment to halve inflation. To develop the economy we

Share: Stock Market Report: Analysis and trading strategies: NASDAQ, Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft MSFT, Meta Platforms, Netflix (NFLX), Alphabet GOOGL.Stock Market Summary: Expecting further upside this week, as we are not at the end of this current trend. We are however in the later stages of the trend, so managing

Share: The DXY Index stands at 103.90, seeing losses of around 0.40% and tallying a 1.60% weekly decline. Investors continue to digest the data reported throughout the week. The combo of cooling inflation and the labor market points to the Fed not hiking anymore. Fed’s Susan Collins was seen as hawkish on Friday. At the

Share: The AUD/JPY saw a late break higher in Friday’s broad-market sentiment recovery. The Aussie is catching a bounce from the 200-hour SMA and a rising trendline. The technicals are leaning bullish with more upside on the cards, but headwinds remain. The AUD/JPY snuck over the 97.50 level just ahead of the Friday closing bell,

Share: Palantir stock trades up to highest price in two years. Stock market indices started Friday on the backfoot. Peter Thiel’s venture capital fund sold $48 million worth of PLTR in Q3. Analyst Dan Ives says tech stocks are at the beginning of a new rally heading into 2024. Palantir (PLTR) stock rose above $20.24

Share: Mexican Peso’s advance against the US Dollar halts, with USD/MXN bouncing from recent lows despite broad-based USD weakness. Banxico officials hint at a less restrictive monetary policy, yet suggesting gradual rate cuts. Upbeat US economic data and Federal Reserve officials’ resistance to early rate cuts propelled the USD/MXN up move. Mexican Peso (MXN) rallies

Share: The Dollar has entered a consolidative phase. Economists at ING analyze USD outlook. Consolidative phase For today, the focus will be on US housing starts and another batch of Fed speakers. Recent Fed speakers have barely moved the needle on expectations of the Fed policy cycle and instead, it has been the data doing

Share: BABA stock loses 9%, moving below $80. Revenue for the fiscal Q2 misses consensus by $230 million. Management decides against spinning off the cloud business for now. Alibaba issues a $1 annual dividend to holders of ADS shares. Alibaba (BABA) stock closed at $79.10, down 9.15%, on Thursday. The market did not appreciate the Chinese e-commerce leader’s

Share: The Euro regains the smile against the US Dollar. European stocks open Thursday’s session in a mixed tone. ECB President Christine Lagarde speaks later in the session. The Euro (EUR) manages to generate some upside traction against the US Dollar (USD), motivating EUR/USD to attempt a tepid bounce to the 1.0860 zone on Thursday. The

Share: The DXY index first declined to 104.00 and then recovered to 104.40. The headline and core PPI cooled down in October, while US Retail Sales declined but were lower than expected.  Investors seem to worry that strong economic activity data might weigh more than cooling inflation in the Fed’s eyes. The US will report