The Dow Jones rallied to recover recently-lost ground on Thursday. Equities are broadly higher as investors focus on good-bad news. Rate markets second-guess their stance on...
Mexican Peso losses some 0.20% despite recovering from a six-week low. US GDP data for Q2 2024 surpasses expectations, a headwind for the US Dollar. Concerns...
US Dollar DXY trimmed losses after robust Q2 GDP figures US economy appears to remain resilient but dovish bets on the Fed remain steady. In the...
The Mexican Peso is weakening as international investors unwind the Peso-favorable “carry trade”. A negative spell of data has further weakened the Peso as Banxico sets...
EUR/USD bounces back as the US Dollar remains sluggish in the countdown to the US Q2 flash GDP. The Euro’s appeal remains uncertain due to the...
The United States Gross Domestic Product is seen expanding at an annualized rate of 2% in Q2. The current resilience of the US economy bolsters the...
Gold extends correction and slides down to a technical range floor. The precious metal shrugs off the global growth fears that normally incentivize investors to hoard...
The Pound Sterling declines against the US Dollar to nearly 1.2880 amid dismal market sentiment ahead of advanced US Q2 GDP data. Firm preliminary S&P Global/CIPS...
The Australian Dollar depreciates due to the stark decline in prices of prices of oil, iron ore, and copper. The AUD faced challenges as recent PMI...
Gold price continues losing ground for the second straight day and drops to a two-week low. The downfall could be attributed to some technical selling, though...
Gold touches $2,432, then stabilizes under $2,400, pressured by US 10-year yields at 4.274%. FedWatch Tool forecasts 100% chance of a 25 bps rate cut in...
AUD/USD marked more losses on Wednesday reaching 0.6580. Concerns over China’s economic health and commodity prices main cause of AUD’s slide. Australia reported weak Judo PMIs...
Mexican Peso depreciates over 1% against USD, trades above 18.30. INEGI’s mid-month inflation data reveals mixed results, halting disinflation and raising concerns. Political uncertainty grows as...
The Dow Jones shed 400 points in the midweek market session. Investors balked after US PMIs came in firmly mixed. US Manufacturing set to slow further,...
US Dollar DXY declines towards 104.20 after mixed S&P PMIs Fed’s steady dovish bets also added to the decline. PCE, durable goods orders, Q2 GDP revisions...
The interest rate in Canada is set to be lowered by 25 bps to 4.50% on Wednesday. The Bank of Canada Governor Macklem’s words will be...
EUR/USD falls to near 1.0830 as weak preliminary Eurozone PMI weighs on the Euro. The ECB is expected to cut interest rates two times more by...
Gold is trading higher as stagflation fears bite, suggesting inflation may remain elevated amid slower growth. The nomination of Kamala Harris as the Democrat presidential candidate...
The Pound Sterling recovers after upbeat preliminary UK S&P Global/CIPS PMI for July. UK’s Composite PMI beats estimates and the former release. The Fed is expected to pivot...
The Australian Dollar continues to lose ground due to the stark decline in prices of Iron Ore. Australia’s Composite PMI declined to 50.2 in July from...