FX

The Dow Jones eased down around 200 points on Tuesday. Despite an upbeat JOLTS print, equities have eased off their recent rally. A packed data docket awaits investors in the runup to Friday’s NFP. The Dow Jones Industrial Average (DJIA) pared back recent gains again on Tuesday, declining 200 points at its lowest despite a

EUR/USD trades in negative territory for the second consecutive day near 1.0490 in Tuesday’s early European session.  Growing concerns about a possible government collapse in France undermine the Euro.  US Manufacturing PMI came in stronger than expected in November.  The EUR/USD pair loses ground to around 1.0490 during the early European session on Tuesday. The

The Pound Sterling falls on Monday against the US Dollar after Donald Trump threatened BRICS with 100% tariffs, supporting the Greenback.  Trump said he would impose tariffs if the trading group tried to replace the US Dollar with their own reserve currency.  Technically, GBP/USD remains in an uptrend, within which it is undergoing a correction. 

Mexican Peso appreciates 0.59% against US Dollar, poised for strong weekly performance. Banxico minutes suggest potential for 50 bps rate cut in December, boosting Peso’s outlook. President Sheinbaum optimistic about averting Trump’s proposed 25% tariffs, bolstering MXN stability. The Mexican Peso appreciated against the US Dollar during the North American session as the Greenback extended

Gold gains 0.67% in late session, but geopolitical strife keeps it above $2,600 despite monthly losses. Escalation in Russia-Ukraine conflict and Middle East tensions underline Gold’s safe-haven appeal. Market optimism grows for a 25 bps Fed rate cut in December, bolstering Bullion’s short-term prospects. Gold’s price advanced late during the North American session on Friday,

GBP/USD Price Forecast: Clings to daily gains below 1.2700 The Pound Sterling clings to earlier gains yet trades off the weekly highs, which reached around 1.2749 during the European session. At the time of writing, the GBP/USD trades at 1.2684, virtually unchanged. Read More… Pound Sterling gives up gains against USD as 20-day EMA limits upside

The US Dollar off the lows for this Friday with markets nervous on France’s budget talks possibly toppling the government. Monday’s opening might get choppy if French Prime Minister Michel Barnier is unable to secure a deal with the far-right National Rally party. The US Dollar Index is back above 106.00 and is looking for

WTI may find support as traders assess reports that Israel and Hezbollah exchanged accusations of breaching the ceasefire agreement. Russian President Putin warned of a possible nuclear-capable ballistic missile strike on Ukraine. Traders seek clarity on the production strategy of the OPEC+ at the rescheduled meeting on December 5. West Texas Intermediate (WTI) Oil price

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The US Dollar Index plunged toward 106.00 on Wednesday. The US Dollar ticked lower, but its losses may be limited as markets are pricing in a more hawkish Fed. PCE data from October met expectations for inflation. In Wednesday’s session, the US Dollar Index (DXY), which measures the value of the USD against a basket

USD/CAD softens to near 1.4055 in Wednesday’s early Asian session.  Trump’s tariff threat exerts some selling pressure on the Canadian Dollar.  FOMC minutes showed officials backed the gradual pace of rate cuts.  The USD/CAD pair trades with mild losses around 1.4055 during the early Asian session on Wednesday. The Canadian Dollar (CAD) recovers some lost

Silver prices fell by nearly 3% on Monday following reports that Israel and Hezbollah are reaching a ceasefire agreement. President-elect Donald Trump plans to impose tariffs on imports from Mexico, Canada and China. The non-yielding Silver struggled due to bond market optimism following the selection of Scott Bessent as the US Treasury Secretary. Silver price

Gold declines over $50 on Monday after Axios news reports that Israel and Hezbollah have reached a ceasefire agreement. Gold had already fallen after Donald Trump chose Scott Bessent to be his US Secretary of the Treasury.  Bessent is a seasoned Wall Street professional and is viewed as a safe pick by markets, reducing haven flows to

The Japanese Yen jumps back closer to last week’s swing high against its American counterpart.  Retreating US bond yields prompts some USD profit-taking and benefits the lower-yielding JPY. The BoJ uncertainty and the risk-on mood might cap any further gains for the safe-haven JPY. The Japanese Yen (JPY) strengthens against its American counterpart at the

Mexican Peso makes a late session recovery, supported by strong Q3 GDP figures and lower mid-month inflation. Concerns linger as Mexico’s legislative changes could impact its status in the USMCA agreement, potentially affecting trade dynamics. Banxico Governor indicates readiness to cut rates further if inflation trends continue downward, influencing Peso’s strength. US economic data, including

Gold prices rally 1.50% on Friday, boosted by a decrease in US 10-year Treasury yields to 4.40%. Escalating geopolitical concerns, including potential expansion of the Russia-Ukraine conflict, fuel demand for Bullion’s safe-haven status. US economic data shows mixed signals; Services and Composite PMIs outperform while Manufacturing PMI remains in contraction. Gold price rallies to a

GBP/USD sinks further following poor performances in key UK economic indicators and rising geopolitical concerns. Technical analysis highlights potential for the pair to test significant supports at 1.2445 and possibly the year-to-date low of 1.2299. RSI indicates oversold conditions, suggesting a heavy bearish pressure but not yet at extreme levels. The Pound Sterling extends its

The Dow Jones gained another 400 points on Friday. After a brief lull, the major index is back into its post-election rally. Investors are pivoting out of the usual tech rally into consumer goods. The Dow Jones Industrial Average (DJIA) has snapped its recent soft patch, extending its midweek bullish pivot into a firm Friday