[ad_1] Share: The Mexican Peso (MXN) advances against the US Dollar, despite overall US Dollar strength. Banxico’s decision to hold rates at 11.25% boosted the Mexican Peso. USD/MXN may stabilize near current levels, potentially reaching 17.5000 if surpassing 17.4100. A daily close below 17.0000 could indicate an extended downward trend. The Mexican Peso
[ad_1] Share: EUR/GBP retreated near 0.8630 after being rejected by the 100-day SMA at 0.8670. Q2 GDP data from the UK avoided stagnation, surpassing market expectations. Higher British yields help the Pound trade stronger against most of its rivals. In Friday’s session, the GBP traded with gains agains most of its rivals as
[ad_1] The dollar is little changed in general so far today as the market mood has calmed down after the US CPI report yesterday. As mentioned earlier here, the data doesn’t really change the overall Fed outlook and so we’re back to the drawing board for most dollar pairs after the back and forth action
[ad_1] Share: GBP/JPY reached a new YTD high above 184.00. A favorable technical setup, including the Ichimoku Cloud (Kumo) position and a Tenkan-Sen/Kijun-Sen crossover, supports a bullish outlook. If the GBP/JPY retraces below 183.00, it might witness an accelerated pullback towards technical support at 182.32 and 182.00, with Kumo’s top and the Kijun-Sen
[ad_1] Share: USD/MXN rises 0.30% on Tuesday amidst a risk-off impulse. Chinese economic woes spurred by imports and exports plunging weakened the Mexican Peso. Upcoming Mexican inflation data on Wednesday could shed some light on the Bank of Mexico’s next monetary policy decision. USD/MXN gained traction on Tuesday as risk-aversion triggered outflows from
[ad_1] Share: AUD/USD holds lower grounds near intraday bottom, prints the first daily loss in four. Aussie Westpac Consumer Confidence slumps for August but NAB sentiment numbers improved for July, China Trade Balance improves in July. Sentiment sours amid geopolitical woes, cautious mood ahead of top-tier data. US trade data may entertain traders
[ad_1] Share: USD/JPY is expected to keep the 140.00-143.30 range for the time being, according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Key Quotes 24-hour view: We did not expect the sharp drop that sent USD tumbling to a low of 141.54 (we were expecting it to
[ad_1] Share: Following weak US data, EUR/USD climbs to a new weekly high above 1.1004. The July US Nonfarm Payrolls report gave mixed signals, with fewer people adding to the workforce while wages increase. Germany reported strong factory orders for June, but soft Retail Sales in the EU came in at -0.3% MoM,
[ad_1] Share: A relatively quiet week is expected in terms of economic events, with no central bank meetings scheduled. However, a critical economic report to watch out for is the US Consumer Price Index (CPI) on Thursday. Here is what you need to know for next week: The US Dollar pulled back on
[ad_1] Share: GBP/USD rises 0.34%, trading at 1.2755, as soft US jobs data fuels speculation the Fed may end its tightening cycle, providing support to the Sterling. Technical analysis indicates potential for short-term gains but highlights the importance of 1.2800 resistance. Key support and resistance levels were identified, including 20-day EMA at 1.2819
