Share: The Mexican Peso is middling on Wednesday but keeping close to the top end. Mexico’s October Retail Sales came in better than expected. US Dollar flows helping to prop up MXN despite a dovish Banxico. The Mexican Peso (MXN) is holding in place, pinned into recent highs against the US Dollar (USD) as broad-market
Sterling faced a broad decline today following release of UK CPI data, which indicated that inflation slowed more significantly than anticipated. This unexpected deceleration in inflation has led markets and economists to quickly adjust their expectations for BoE rate cut. The markets are now fully pricing the first 25bps reduction as early as May, with
USDCAD bounces in the swing area on the daily chart The USDCAD fell to a new cycle low and moved into a swing area between 1.3298 to 1.3320. The low price has reached 1.33146. The price has bounced back as traders leaned in the swing area on the first test. The price is back above
Justin Trudeau showing off his housing plan (AI image) Here are net migration numbers for the developed english-speaking countries from June 2022-June 2023: USA +1,138,989 (+3.4) Canada +1,131,181 (+28.6) UK +672,000 (+10.0) Australia +518,087 (+19.7) NZ +101,518 (+19.6) These numbers are high everywhere but in Canada the rate is insane. Remember that Canada has roughly
Gold price jumped Rs 300 to Rs 63,100 per 10 grams in the national capital on Wednesday amid strong cues in international markets, according to HDFC Securities. The precious metal had closed at Rs 62,800 per 10 grams in the previous trade. Silver also rallied Rs 800 to Rs 78,500 per kilogram. In its previous
Share: Indian Rupee edges lower despite the softer USD. The Reserve Bank of India (RBI) pushed back against the IMF, saying the intervention in the currency market was excessive. Q3 US GDP growth, Core Personal Consumption Expenditures Price Index (PCE) will be closely watched this week. Indian Rupee (INR) trades on a softer note on Wednesday
Yen falls broadly today after BoJ’s to maintain monetary policy unchanged. The sell-off can be attributed to the dismay of investors who had hoped for indications of a shift towards stimulus exit next year. BoJ’s steadfastness in its easing bias, without any hint of a policy adjustment, has contributed to Yen’s softening. Although this doesn’t
USDCAD runs to swing area between 1.3298 to 1.33203 USDCAD is moving to a new low going back to early August. The fall takes the pair toward the swing area that was in play earlier this year. That area on the daily chart comes in between 1.3298 to 1.33203. In April and May swing lows
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold prices held steady above the key $2,000 level on Wednesday, supported by prospects of interest rate cuts from the Federal Reserve next year, with investors awaiting for U.S. inflation numbers later this week. FUNDAMENTALS Spot gold was little changed at $2,038.49 per ounce, as of 0106 GMT. U.S. gold futures were unchanged at $2,051.60.
In this article FDX Follow your favorite stocksCREATE FREE ACCOUNT A FedEx plane lands at Shanghai Pudong International Airport in Shanghai on April 27, 2023. Vcg | Visual China Group | Getty Images FedEx shares tumbled 8% in after-hours trading Tuesday after the package delivery giant lowered its revenue forecast as weaker demand hit sales.
Share: Mexican Peso advances against the US Dollar, USD/MXN threatens 17.00 support area. Mexico’s economic docket ahead includes Retail Sales on Wednesday, followed by Thursday’s inflation data. US housing data was solid but failed to move the needle in favor of the US Dollar, which remains on the defensive. The Mexican Peso (MXN) continues to
Canadian Dollar jumps against US Dollar in early US session. The move is primarily attributed to Canada’s CPI data, which came in stronger than anticipated, signaling persistent inflationary pressures. Despite this uptick, CAD is not leading the pack, as it faces stiff competition from others, including the buoyant Sterling. Pound’s significant rise can be traced
GBPUSD is sharply higher today The GBPUSD is extending back toward its earlier highs at 1.2750 as European traders look to exit for the day. The GBPUSD moved higher in the European session. The UK CBI Trends Orders for December showed a significant improvement, with the orders figure reaching -23.0, a notable increase from the
Major US indices are trading to new session highs. For the S&P index since now within 0.8% of its all-time high closing level at 4796.57. The all-time intraday high comes in a 4818.62. The current price is trading at 4758.58 or 18 points or 0.3% (the high price reached 4760.19). Meanwhile, the Dow Industrial Average
“We are relatively bullish on gold, and we believe gold will continue to give an impressive return next year. Comex gold can rally to $2,100/$2,180 levels per ounce in 2024 and is expected to trade in a broader range of $1,925 to $2,180 in 2024, Anuj Gupta, Head Commodity & Currency, HDFC Securities said. The
Share: Australian Dollar remains bullish after the RBA meeting minutes release. Australian policymakers suggest further tightening will depend on data and assessment of risks. New York Fed President John Williams dismissed speculation regarding a potential rate cut in March. The Australian Dollar (AUD) moves on an upward trajectory for the sixth successive session on Tuesday as
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not