The Mexican Peso extends its recovery after the release of US Core PCE data, the Fed’s preferred gauge of inflation. The Peso was already weakening as...
The Canadian Dollar (CAD) is slightly firmer on the session and while it remains down (0.6%) on the week versus the US Dollar (USD), it remains...
The Euro (EUR) is flat on the day and down only modestly on the week as it holds a neutral range trade around 1.0850, Scotiabank’s Chief...
GBP/USD stabilizes at 1.2858 after sellers failed to clear the 1.2900 level. Momentum favors buyers, but long positions in Sterling risk vulnerability if BoE cuts rates....
The Pound Sterling (GBP) has nudged a little higher in quiet Asian and European trade after closing on the lows yesterday, Scotiabank’s Chief FX Strategist Shaun...
USD/CAD has reached the top of a range it has been trading in for over three months. It could either breakout higher or pull back down...
USD/CNY experienced a sharp down after falling from 7.2760. It briefly dipped below the 200-DMA (7.2200). It’s trading upwards now, but it would be interesting to...
The New Zealand (NZD) is likely to trade in a range between 0.5870 and 0.5920. Further NZD weakness is not ruled out; severely oversold conditions suggest...
The US Dollar (USD) is expected to trade in a range between 152.80 and 154.80. Weakness in USD appears to be stabilizing; a breach of 155.00...
The Euro (EUR) is likely to trade sideways between 1.0830 and 1.0870. EUR might also trade with a downward bias; in this case, the 1.0815 level...
ASX: CSL Elliott Wave technical analysis Greetings, our Elliott Wave analysis today provides an update on the Australian Stock Exchange (ASX) featuring CSL LIMITED – CSL. According...
Gold prices fall 5% from July 17 peak of $2,483 to $2,364. US Q2 GDP beats expectations, strengthening the US Dollar and impacting gold. Market certainty...
GBP/USD Price Analysis: Drops below 1.2900 amid strong US data The Pound Sterling dropped below 1.2900 for the third consecutive day, edged lower 0.17%, and traded...
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...
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...
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...
NZD/USD deepens losses, slipping near the 0.5900 mark, marking a consistent bearish trend since last week. The pair lost almost 2.5% in the last five trading...
GBP/USD remains subdued around 1.2900, bouncing off daily lows of 1.2877. Sellers failed to achieve a daily close below 1.2900, but momentum favors further losses. Key...
GBP/USD Price Analysis: Stuck in range, clings to 1.2900 The Pound Sterling clings to minimal gains, though it remains stuck within the 1.2880-1.2940 range against the...
S&P 500 had visible trouble extending Monday‘s gain far, and no rally into key earnings served as warning. The relief rally following very weak opex Friday,...