© Reuters The Mexican peso’s recent surge against the US dollar took a breather today with the pair ticking up to 17.18, despite a general weakness in the dollar across Forex markets. Investors are closely watching Mexico’s economic indicators, such as retail sales and mid-November inflation data, which are expected to influence the Bank of
Share: AUD/USD is still trading around 5% below its mid-July high. Economists at Commerzbank analyze Aussie’s outlook. Downside potential again in 2025 With the US likely to enter a recession in the coming months, while the Australian economy is expected to have a soft landing, the trend is likely to reverse in the
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RAND TALKING POINTS & ANALYSIS Rand remains buoyant on weaker USD and positive leading business cycle figures. FOMC minutes to come later today. Bullish divergence progressing off long-term support. USD/ZAR FUNDAMENTAL BACKDROP Macro-economic fundamentals underpin almost all markets in the global economy via growth, inflation and employment – Get you FREE guide now! Foundational Trading
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Gold (XAU/USD) Analysis, Prices, and Charts US dollar weakness may be put on hold ahead of the Thanksgiving Holiday The technical set-up for gold looks positive. Learn how to trade gold with our complimentary guide Recommended by Nick Cawley How to Trade Gold DailyFX Economic Calendar Tonight’s minutes of the November 1st FOMC meeting will
© Reuters. Argentine president-elect Javier Milei addresses supporters after winning Argentina’s runoff presidential election, in Buenos Aires, Argentina November 19, 2023. REUTERS/Agustin Marcarian BUENOS AIRES (Reuters) – Argentinian President-elect Javier Milei arrived on Tuesday morning at the presidential residence in the suburbs of Buenos Aires to meet outgoing Peronist leader Alberto Fernandez, to begin a
Share: The 1.8% decline in the US Dollar Index (DXY) last week was the largest since the second week of July. Economists at Société Générale analyze Greenback’s outlook. DXY at risk of a deeper retracement towards 102.55 A close below the 200-DMA (103.62) put the DXY at risk of a deeper retracement towards
Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nikkei 225, CAC 40 – Analysis and Charts Dow above August and September highs The index has surged through the 35,000 level, reaching its highest level since the end of August.The next target is the high from July around 35,680, and would mark the complete
