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Forex
EUR/USD thin gains mired in congestion ahead of key US inflation on Friday
EUR/USD found some bullish interest on Thursday, but momentum remains limited.
German labor figures due early Friday, market impact sect to be limited.
US…
Dow Jones Industrial Average grinds into the midrange after mixed US data flummoxes risk appetite
Dow Jones continues to churn just above 39,000.00 after Thursday’s mixed data.
US data came in mixed on Thursday, leaving the American market session in the…
Mexican Peso slides as Banxico hold rates amid depreciation concerns
Mexican Peso declined after the Banxico decision to keep rates at 11.00%, hinting at possible future easing.
Policymakers optimistic about ongoing…
Gold price surges on weak US Dollar ahead of PCE data
Gold climbs as USD falls, Treasury yields dip.
XAU/USD rebounds from two-week low following inflation data from Canada and Australia.
DXY drops 0.12% to…
Banxico keeps rates at 11.00%, Peso continues to depreciate
Banxico holds interest rate at 11.00%; Deputy Gov. Mejia Castelazo votes for 25 bps cut.
Officials cite financial market volatility and unique economic…
Pound Sterling Price News and Forecast: GBP/USD remain bearish despite bouncing off weekly lows
GBP/USD Price Analysis: Remain bearish despite bouncing off weekly lows
The Pound Sterling gathers some steam versus the Greenback, yet it remains trading…
Canadian Dollar mixed on Thursday as CAD traders await Canadian GDP
Canadian Dollar went in both directions on Thursday’s mixed US data.
Canada is absent from economic calendar until Friday’s GDP update.
US PCE Price Index…
USD/JPY: The pair visits a 37y high – OCBC
USD/JPY rises to 37y high of 160.87 overnight. Next resistance is at 161.20, OCBC analysts Frances Cheung and Christopher Wong note.
Markets eye intervention…
GBP/USD Price Analysis: Remain bearish despite bouncing off weekly lows
GBP/USD climbs to 1.2652, up 0.25%, remaining under the 1.2703 weekly high.
Technical stance neutral; daily MAs range between 1.2641 and 1.2557.
'Evening…
EUR/GBP Price Analysis: Correcting within a medium-term downtrend
EUR/GBP is correcting in a medium-term downtrend.
It has moved up to partially fill a price gap and will probably eventually fill the rest.
A break below…