USDMXN Set to Hit the 17.00 Round Number

[ad_1] USDMXN has been trading lower since its peak in April 2020. This pair is important due to its correlation with the USDindex and its implications across markets. The Mexican peso stabilised around the 17.2 level in November, sustaining a six-day rally, as weakening inflation and high unemployment in the US fuelled expectations that the

Has the US Dollar Hit an Inflection Point? GBP/USD, AUD/USD, EUR/USD, USD/JPY

[ad_1] US Dollar Vs Euro, British Pound, Japanese Yen, Australian Dollar – Price Setups: The US dollar’s rally is showing signs of fatigue. Markets expect the Fed to keep interest rates on hold at next week’s meeting. What’s next for EUR/USD, GBP/USD, AUD/USD, and USD/JPY? Supercharge your trading prowess with an in-depth analysis of USD’s

Has the US dollar Rally Hit Limits? DXY Index Fractals, Price Action

[ad_1] USD, US DOLLAR, DXY INDEX – Outlook: Market diversity appears to be running low in the DXY Index, suggesting overcrowding. Having said that, US exceptionalism is still intact. What is the outlook on the greenback and the signposts to watch? If you’re puzzled by trading losses, why not take a step in the right

USD/JPY Hit by Potential FX Intervention. Will Bulls Reload?

[ad_1] USD/JPY OUTLOOK: USD/JPY briefly breaks above 150.00, but then pulls back sharply on signs that the Japanese government has stepped in to support the yen in currency markets. Any FX intervention measures will not be enough to support the yen on a sustained basis. As long as the underlying fundamentals do not change, the

WTI, Brent Shrug Off US Inventories Surge as Oil Prices Hit Fresh 2023 Highs

[ad_1] OIL PRICE FORECAST: Most Read: What is OPEC and What is Their Role in Global Markets? Oil prices continued their advance this morning helped by a weaker USD. The surge in US inventories seems to be overshadowed by growing concerns around tighter supply for the remainder of 2023. Tips and Tricks to Trading Oil

GBP/USD Hit by USD Strength, EUR/GBP Slips Lower

[ad_1] GBP/USD, EUR/GBP Analysis and Charts Cable falls to a three-month on renewed US dollar buying. EUR/GBP slides despite the ECB hiking rates again. For all market-moving economic data and events, see the DailyFX Calendar Recommended by Nick Cawley Introduction to Forex News Trading The ECB hiked interest rates higher by 25 basis points across

Japan's 20-year bond yield has hit its highest since May 2014

[ad_1] The yield on the 20 year Japanese Government Bond has risen to 1.47%, its highest in nearly a decade. Yesterday the 10-year yield hit its highest since May 2014. The Bank of Japan was in the market buying the 10yr earlier today: BoJ offers to buy an unlimited amount of JGBs: fixed rate, residual