Euro gains on dollar with eyes on 1.1000, slips against pound By Investing.com

Currency traders have seen the Euro maintain a bullish stance against the US Dollar today, as it continues to target the 1.1000 mark, finding support at the 1.0900 level. However, the European currency has experienced a downturn against the British Pound, reaching a two-week low. Investor sentiment has been influenced by shifting expectations around the

EUR/GBP gains traction above 0.8700, eyes on Eurozone, UK PMI data

Share: EUR/GBP holds positive ground around 0.8720 ahead of Eurozone, UK key data. ECB President Christine Lagarde said the discussion about rate cuts is premature. BoE Governor Andrew Bailey stated that the Middle East conflict could add to the risk that inflation could go back up. Traders will closely monitor the Eurozone and

US Dollar recover, eyes on Jobless Claims and Fed speakers

Share: The DXY index first declined to 104.00 and then recovered to 104.40. The headline and core PPI cooled down in October, while US Retail Sales declined but were lower than expected.  Investors seem to worry that strong economic activity data might weigh more than cooling inflation in the Fed’s eyes. The US

Consolidates below the 1.0700 mark, eyes on Eurozone GDP data

Share: EUR/USD consolidates in a narrow trading range near 1.0685 on Monday. The pair holds above the 50- and 100-hour EMAs; the RSI indicator shows a non-directional movement. The immediate resistance level is seen at 1.0718; 1.0655 acts as an initial support level. The EUR/USD pair oscillates within a narrow trading range below

USD/JPY touches 151.60 as it eyes the 32-year high

USDJPY weekly chart USD/JPY has risen every day this week and is now within striking distance of some major levels. The 32-year high in this pair came in October of last year at 151.94 and was followed by intervention from the Japanese Ministry of Finance and a fall all the way to 128.00 within three

US Dollar closes a winning week, eyes on CPI data

Share: The DXY index trades with mild losses at 105.80, closing a 0.70% weekly gain. Fed hawks revived USD strength during the week. UoM consumer sentiment data come in lower than expected. The focus shifts to next week’s inflation figure from the US from October. The US Dollar (USD) showed minimal movement on

WTI Eyes $75 Level, Banxico Pivots

CRUDE OIL, MEXICAN PESO OUTLOOK Most Read: US Dollar Flies on Hawkish Powell – Setups on EUR/USD, USD/JPY, AUD/USD, Gold WTI crude oil prices are on the cusp of dipping below $75, marking the lowest point since July on a closing basis. This downward trend is fueled by speculations surrounding a slowdown in the economies

Mexican Peso set for strong weekly finish, eyes on upcoming Banxico meeting

Share: Mexican Peso gains as US Nonfarm Payrolls expand by only 150K, missing the 180K forecast. Weak US jobs report fuels speculation of multiple Fed rate cuts in 2024, as futures markets indicate. USD/MXN reacts to US labor market cooling, with the Peso hitting a two-month high and US Dollar Index falling. Mexican