Gold price steadied at $2,660 after hitting a record high of $2,670. Traders assign a 60% chance for another 50 bps of Fed rate cuts in...
Market continues to overestimate Fed easing with the central bank pushing back against dovish expectations. Economic data remains solid as S&P Global preliminary September PMIs come...
The Dow Jones tilted into the bearish side, falling 300 points. Exhaustion plays are on the cards with indexes deep in overbought territory. Despite a trim...
Mexican Peso declines as USD/MXN climbs over 1.40%, driven by expectations of further Banxico rate cuts. Cooling inflation in early September bolsters the case for a...
The US Dollar bounces off this year’s low for now. Recession fears could pick up Thursday when US GDP would ease further. The US Dollar Index...
Natural Gas sees more and more tailwinds come in that could drive prices higher. Europe faces issues with colder temperatures revealing supply issues for the winter....
EUR/USD rises slightly above 1.1200 as the Euro gains despite deepening worries over Eurozone economic growth. The ECB is expected to cut interest rates once in...
Gold rallies to a new record high after US Consumer Confidence data falls well below expectations. The data reinforces bets the Federal Reserve will have to...
The Pound Sterling faces pressure near 1.3400 against the US Dollar, while the latter’s outlook remains vulnerble. BoE Governor Andrew Bailey sees a gradual decline in...
Indian Rupee gathers strength in Wednesday’s early European session. Improved risk appetite and a weakening USD support the INR. Investors await the US August New Home...
The Australian Dollar holds ground amid China’s fresh stimulus measures. Australia’s Monthly Consumer Price Index increased 2.7% YoY in August, falling short of expected 2.8% rise and previous...
Australian Dollar reaches a three-month high of 0.6852 against the US Dollar on Tuesday. AUD/USD is supported by China’s stimulus measures, a weaker USD, and positive...
Gold hits a new ATH of $2,664 amid declining US Consumer Confidence and weakening US Dollar, XAU/USD trades at $2,651. Fed Governor Michelle Bowman signals a...
DXY gave up some ground and fell to 100.60. Conference Board consumer confidence data for September missed expectations. Fed speakers are battling the current market’s dovish...
Mexican Peso strengthens after US Consumer Confidence deteriorated. Mexico’s inflation fell below estimates in September, with core inflation easing under 5%, boosting expectations for a 25...
The Dow Jones rose into yet another record high, but bidders remain unconfident. Consumer confidence surveys show US spenders still fear higher inflation. Fedspeak deviations continue, but...
EUR/USD rises from 1.1100 as investors digest downbeat flash Eurozone PMI data for September. Market participants expect the Fed to cut interest rates further by 50 bps in...
The Pound Sterling moves higher to near 1.3380 against the US Dollar on expectations of BoE’s shallow policy-easing cycle. UK’s overall business activity grew at a...
The Mexican Peso trades steadily after the release of Mexican inflation data. Banxico will hold its meeting on Thursday; a 25 bps rate cut is expected. USD/MXN...
The Japanese Yen may struggle as the BoJ appears to be in no rush to raise interest rates. Japan’s Finance Minister Suzuki has expressed his expectation...