FX

Mexican Peso sees modest uplift as US inflation data tempers Fed easing expectations. Industrial Production in Mexico shows resilience, reinforcing views on potential Banxico rate adjustments. Deputy Governor Omar Mejia hints at upcoming rate cuts, with a focus on maintaining restrictive monetary policy. US Industrial Production recovery and shifts in consumer sentiment barely move the

EUR/USD has seen some movement in the first two months of the year but remains relatively rangebound between the 1.0750 and 1.1000 levels. Economists at the National Bank of Canada analyze the pair’s outlook. Some volatility for the Euro expected over the next quarters We expect some volatility for the Euro over the next quarters,

Indian Rupee trades on a negative note on Friday amid a stronger US Dollar.  India’s Wholesale Price Index-based inflation dropped to a four-month low, weaker than expected.  Investors will focus on the Indian Trade Balance data and US preliminary Michigan Consumer Sentiment, due on Friday.  Indian Rupee (INR) loses momentum on Friday. The uptick in

Gold is enjoying a remarkable start to the year. Economists at MUFG Bank analyze the yellow metal’s outlook. Gold’s structural resilience has further to run  Yet, beyond the likely solidification of Fed cut expectations in the coming weeks and months, it is the structural channels of physical demand for Gold that excites us most, which

Share: The Japanese Yen is undermined by diminishing odds for an early interest rate cut by the BoJ.  A modest USD uptick also lends support to USD/JPY, though the Fed uncertainty might cap gains. Traders might prefer to wait on the sidelines ahead of the BoJ and FOMC policy meetings next week. The Japanese Yen

Share: Economists at Commerzbank analyze what is relevant regarding the upcoming Bank of Japan’s (BoJ) meeting next week.  The “March vs. April” question is not really important This is another one of those things I can’t understand: the question of whether the BoJ will raise its key interest rate next week or at the next

Share: MicroStrategy stock climbed more than 7% on Tuesday. That performance follows Monday’s 4% gain. CEO Michael Saylor says the firm has acquired another 12,000 BTC. Daily chart shows MSTR has further room to run.  MicroStrategy stock (MSTR) gained another 7% on Tuesday, protecting shareholders from a worrying candlestick pattern at the start of the

Share: New Zealand Dollar weakens against the US Dollar following the latest US inflation figures for February.  They paint a picture of stubbornly hot inflation, which could make the Fed keep interest rates elevated to cool.  The NZD/USD pair is falling back down towards its range lows in the 0.6080s.   The New Zealand Dollar trades

Share: The US Consumer Price Index is set to rise 3.1% YoY in February, matching January’s increase. Annual Core CPI inflation is expected to edge lower to 3.7% in February. The inflation report could provide fresh clues as to the timing of the Fed policy pivot. The high-impact US Consumer Price Index (CPI) inflation data

Share: WTI Oil sideways in a broader range trade with Aramco scrubbing production boost. Oil traders are still positioned for more upside potential with bullish option market positioning. The US Dollar Index steady below 103.00, with data-driven week ahead while Fed enters blackout period. Oil prices falling in the red with a Risk Off tone in

Share: GBP/USD consolidates amid a muted US Dollar on Monday. US Nonfarm Payrolls increased by 275K in February, against the expected 200K. Traders await employment data to gain fresh impetus on the United Kingdom’s labor market. GBP/USD hovers around 1.2850 during the Asian session on Monday, maintaining a positive sentiment to potentially extend its winning

Share: US NFP revisions worry the market on Friday. Unemployment Rate rises to 3.9%, above 3.7% consensus. China raises $27 billion investment vehicle to produce advanced chips. NASDAQ drops a full percentage point, while Nvidia loses 5%. Nvidia (NVDA) stock fell more than 5% on Friday after the US Nonfarm Payrolls (NFP) data for February distressed the market.

Share: Silver inches closer to retesting its year-to-date high of $24.63, after marking a 0.86% increase. Technical dynamics suggest potential for further gains if silver surpasses the $24.50 resistance. Downside risks loom if silver falls below $24.31, targeting supports at $24.00 and the March 6 low of $23.57. Silver’s price rallies, but it remains below

Share: Mexican Peso appreciates for the seventh consecutive day, buoyed by soft US Dollar following mixed US jobs report. Banxico’s upcoming rate decision eyed closely after subdued Mexican inflation figures. US Nonfarm Payrolls exceed expectations, but revisions and higher Unemployment Rate fuel speculation of June Fed rate cut. The Mexican Peso appreciated for the seventh

Share: Gold price prints a fresh all-time high of above $2,180 amid multiple tailwinds. The US Dollar weakens on slower wage growth and higher Unemployment Rate in February.  US Treasury yields plunge as Fed Powell delivers a slight dovish guidance on interest rates. Gold price (XAU/USD) extends its upside in Friday’s early New York session after a

Share: Australian Dollar consolidates with a positive bias ahead of US Nonfarm Payrolls. Australia’s S&P/ASX 200 Index rose to new record highs, following a tech-led rally on Wall Street overnight. Fed Chair Powell reiterated that the central bank could initiate rate cuts at some point this year. The Australian Dollar (AUD) attempts to continue its

Share: EUR/JPY plummets to 161.00 as the ECB keeps lending rates unchanged at 4.5% as expected. The ECB has revised down inflation forecasts and near-term growth projections. Investors see the BoJ exiting dovish rate stance sooner. The EUR/JPY pair witnesses an intense sell-off, falling to 161.00 in Thursday’s early New York session. The asset drops

Share: Australia’s trade surplus widened to 11,027M MoM in February versus 11,500M expected and 10,743M in the previous reading, according to the latest Aussie foreign trade data published by the Australian Bureau of Statistics on Thursday. Further details reveal that Australia’s December Goods/Services Exports reprint 1.6% figures on a monthly basis versus 1.8% prior. The