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Forex
Dow Jones Industrial Average ends Friday on the high end as investors shrug off still-high PCE inflation
Dow Jones determined to wrap up Friday in the green despite stubborn inflation.
US PCE inflation remained higher than expected.
Hopes for rate cuts now…
Canadian Dollar loses some ground against Greenback on US PCE topside miss
Canadian Dollar gets pushed around as investors focus elsewhere.
Canada absent from economic calendar until next week.
US PCE inflation remains higher than…
Mexican Peso profits from US data turmoil
Mexican Peso strengthens against US Dollar, buoyed by positive market mood, mixed economic reports.
US inflation remains hot as core PCE Price Index…
WTI edges lower to near $83.50 amid a weaker demand outlook following US GDP
The WTI price depreciates on a weaker demand outlook following US GDP data released on Thursday.
US Treasury Secretary Janet Yellen said that US GDP growth…
Australian Dollar holds position near a major level, US PCE awaited
The Australian Dollar remains firmer due to the hawkish sentiment surrounding RBA’s rate trajectory.
The Australian Dollar gains in response to the Aussie…
GBP/JPY extends winning spell to 196.00 after BoJ keeps interest rates unchanged
GBP/JPY advances to 196.00 amid uncertainty over BoJ’s interest rate outlook.
The BoJ sees inflation rising in the coming years but has projected weak…
Mexican Peso declines in key pairs on inflation outlook
The Mexican Peso falls against major peers as inflation outlook in US, Europe and UK remains stickier than expected.
This will probably lead to interest…
USD/CAD Price Analysis: Consolidates around 1.3650 ahead of Fed’s preferred inflation gauge
USD/CAD trades sideways ahead of the US core PCE Inflation that will influence Fed rate cut expectations.
The US Dollar remains on backfoot as weak US Q1…
Breaking: US Core PCE inflation holds steady at 2.8% vs. 2.6% expected
Inflation in the US, as measured by the change in Personal Consumption Expenditures (PCE) Price Index, rose to 2.7% on a yearly basis in March from 2.5% in…
Pound Sterling could face strong resistance at 1.2560
GBP/USD Forecast: Pound Sterling could face strong resistance at 1.2560
GBP/USD closed the third consecutive day in positive territory on Thursday and climbed…