Australian Dollar holds ground after trimming intraday gains, US Consumer Sentiment eyed

Share: Australian Dollar moves sideways after trimming intraday gains. Aussie pair dipped post-release of the US headline inflation. Consumer Inflation Expectations raised the odds of RBA to increase interest rates. US Dollar advanced following the slew of upbeat US data, awaiting US Consumer Sentiment. The Australian Dollar (AUD) snaps a two-day losing streak post

Dow & Nasdaq 100 in Strong Form, but CAC40 sees More Muted Gains

Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, CAC 40 Analysis and Charts ​​​Dow edges above 200-day moving average ​The impressive rebound for the Dow has carried the index back to the 200-day simple moving average (SMA).​Early trading on Thursday has seen the price edge above this indicator, though a close

Further gains on the cards

Share: CME Group’s flash data for gold futures markets noted open interest rose for the third session in a row on Friday, this time by more than 1K contracts. Volume followed suit and went up by nearly 64K contracts after two consecutive daily drops. Gold now retargets $1900 Friday’s marked rebound in gold

Mexican Peso gains daily but marks fourth consecutive weekly loss

Share: Mexican Peso gained on Friday but printed more than 4% weekly losses. Mexico’s economic docket will feature inflation data in the next week. USD/MXN set to extend its gains after printing a new cycle high at around 18.48. Mexican Peso (MXN) finished the week with solid gains vs. the US Dollar (USD)

NIO sees early gains after Chinese authorities deregulate digital data

Share: NIO stock gives back early gains reaped on deregulation of cross-border data. China’s Cybersecurity Administration has reduced scrutiny of non-personal data. Hang Seng index closes 2.5% higher on the news. US Core PCE data for August shows inflation slowing, boosts US stocks.   Nio (NIO) stock rose 1.2% early Friday, to $9.02 but

USD/INR posts modest gains above 83.00, US GDP data eyed

Share: USD/INR sticks to modest gains below the mid-83.00s ahead of US data. US Durable Goods Orders rose by 0.2% MoM vs. -5.6% prior. Reserve Bank of India (RBI) is likely to keep the interest rate unchanged at its October meeting. Investors will closely watch the US consumer inflation due on Friday. USD/INR