The Mexican Peso drifts higher after comments from Banxico Deputy Governor Heath suggesting interest rates should remain elevated. EUR/MXN and GBP/MXN trade flatter as European political...
Gold climbs, spurred by weak US economic data and rising Fed rate cut expectations. FOMC Minutes: readiness to hike rates if inflation persists, but current policy...
Yield differentials seem important to the USD/JPY outlook. FX intervention may be on the cards again very soon because the Japanese Yen (JPY) is weak, weighing...
Today is the last day of the Sintra summit, which will include comments by ECB’s Lagarde, Luis de Guindos, Piero Cipollone, Philip Lane and Klaas Knot,...
Gold is breaking above the 50-day SMA following a dovish speech by Fed Chairman Jerome Powell. Multiple geopolitical factors suggest a broadly bullish backdrop for the...
Gold falls 0.28%, reacting to Powell’s ECB forum remarks. Powell is cautiously optimistic on disinflation, emphasizes need for more progress before rate cuts. US Treasury yields...
The Reserve Bank of Australia (RBA) published the minutes of its 18 June policy meeting last night that confirmed that board ultimately saw the case for...
Gold is trading in a narrow range as the outlook for a key driver – US interest rates – remains opaque. The Fed continues to weigh...
Gold remains steady, unaffected by rising US Dollar and Treasury yields. Mixed US manufacturing data: S&P PMI expands, ISM PMI contracts for third consecutive month. US...
The Mexican Peso weakens a percent against the Euro after preliminary results from Sunday’s French election. The far-right National Rally failed to win as many votes...
Gold consolidates in a range amid investor uncertainty over when the Fed will cut interest rates. Despite falling inflation, Fed officials are reluctant to commit to...
Gold falls from daily highs, pressured by elevated US Treasury yields. May US PCE Index meets forecasts, fuels hope for 2024 Fed rate cuts. US 10-year...
The Mexican Peso recovers despite a dovish tilt to the Banxico policy meeting on Thursday. A change in the distribution of voting and language of the statement...
USD/CAD trades flat at around 1.3700 after a big data day for the pair. Canadian GDP showed a 0.3% rise in April suggesting a strong economy. ...
Gold rises after the release US PCE inflation data on Friday, despite readings falling in line with estimates. The steady decline in inflation as well as...
Gold rises after the release US PCE inflation data on Friday, despite readings falling in line with estimates. The steady decline in inflation as well as...
Gold climbs as USD falls, Treasury yields dip. XAU/USD rebounds from two-week low following inflation data from Canada and Australia. DXY drops 0.12% to 105.91, off...
Gold bounces off the psychologically important $2,300 level after another leg of selling. The pair continues to be pressured by a higher-for-longer outlook on interest rates...
The Mexican Peso drifts lower on the eve of the Bank of Mexico policy meeting. The overwhelming majority of economists don’t expect the Banxico to cut...
Gold weakens after several Federal Reserve officials voice their reluctance to cut interest rates yet. The market continues to see a high probability of a cut...