Share: Mexican Peso opens the session soft as traders trim positions awaiting Powell and Co. Prices paid by producers in the US cooled down, adding to the dovish narrative around the Federal Reserve. USD/MXN could aim towards 18.00 if the Fed delivers a hawkish message. Mexican Peso (MXN) weakened against the US Dollar (USD) early
The USDCAD is trading to a new session low and in the process is testing a key floor that has been developed over the last seven or so trading days. That floor comes in around the 1.35478 level. A move below that level is needed to increase the bearish bias. If broken, traders would next
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 were little changed in early Asian hours on Wednesday as investors strapped in for the U.S. Federal Reserve’s interest rate decision and policy outlook later in the day. FUNDAMENTALS * Spot gold was flat at $1,980.58 per ounce, as of 0059 GMT. U.S. gold futures edged 0.1% higher to $1,995.80. * The Fed’s
The currency markets are currently in a state of anticipation, with Dollar trading within familiar range as investors await FOMC rate decision. The critical question facing the markets is whether Fed will signal the pace of rate cuts in its updated dot plot. In September, the median projection indicated the federal funds rate would remain
Wholesale prices were flat in November, providing a leading indicator that inflation is easing, the Labor Department reported Wednesday. The producer price index, which measures a broad range of prices on final demand items, was unchanged for the month, following a 0.4% decrease in October but less than the Dow Jones estimate for a 0.1%
Share: EUR/USD halts its two-day winning streak ahead of monetary decisions from both economies. Technical indicators suggest a potential revisit to the weekly low at 1.0741. A breakthrough above the 1.0800 level could lead the pair to reach the 14-day EMA at 1.0816. EUR/USD halts to continue a two-day winning streak ahead of the monetary
The EURGBP made a break higher today and in the process extended above the high of a swing area between 0.8583 and 0.85877 (SEE video from yesterday here). The price of the EURGBP has been confined to a range over the last six or so trading days between 0.8546 and 0.8587. The break to the
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
BEIJING – Oil prices consolidated losses on Wednesday in Asian trade, after falling by more than 3% to six-month lows in the previous session on oversupply and demand concerns. Brent crude futures for February inched down 1 cent to $73.23 a barrel by 0207 GMT. U.S. West Texas Intermediate crude futures for January dropped 2
Dollar softens slightly in today’s Asian session, as the global markets await forthcoming US consumer inflation data. Headline CPI is anticipated to show a modest deceleration to 3.2% in November, while core CPI is expected to remain stubbornly high at 4%. Fed’s mandate to bringing inflation down to its 2% target necessitates a persistent slowdown
Share: Mexican Peso surpasses the 100-day SMA, prints two-day high. Mexico’s Industrial Production crushed the forecast, ahead of Banxico’s decision on Thursday. The Fed is expected to hold rates unchanged, but uncertainty looms about Powell’s speech. Mexican Peso (MXN) stages a comeback climb against the US Dollar (USD) following an inflation report in the United
The USDCAD experienced a decline following the release of the US CPI data, briefly dropping below a key support level near 1.35478. However, it quickly rebounded, surpassing several important technical indicators: the 200-hour moving average at 1.3567, the 100-hour moving average at 1.3583, and the 100-day moving average at 1.3590. The 100-day moving average now
Oil has fallen for seven straight weeks and is in danger of falling again this week after a $2 decline today. WTI is trading down $2.07, or -3.0%, to $69.25. The drop nearly erases three days of modest gains and comes ahead of weekly private US inventory data later today and official data on Wednesday.
Gold declined Rs 150 to Rs 61,900 per 10 grams in the national capital on Tuesday amid a fall in precious metal prices internationally, according to HDFC Securities. The yellow metal had settled at Rs 62,050 per 10 grams in the previous trade. Silver also slipped Rs 150 to Rs 75,750 per kilogram, while it
In the aftermath of US CPI release, the forex markets are staying in a state of consolidation, with mixed reactions. Initially, there was an attempt to sell Dollar following the data, but this momentum quickly dissipated as the data largely aligned with market expectations. Headline CPI showed a gradual decline, albeit at a slow pace,
Prices across a broad range of goods and services edged higher in November but were mostly in line with expectations, further easing pressure on the Federal Reserve. The consumer price index, a closely watched inflation gauge, increased 0.1% in November, and was up 3.1% from a year ago, the Labor Department reported Tuesday. Economists surveyed
In this article ORCL Follow your favorite stocksCREATE FREE ACCOUNT Larry Ellison, co-founder and executive chairman of Oracle Corp., speaks during the Oracle OpenWorld conference in San Francisco on Oct. 22, 2018. David Paul Morris | Bloomberg | Getty Images Oracle shares dropped more than 9% in extended trading Monday after the software company reported