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Forex
Tesla Stock Forecast: TSLA shares gain despite setback on Model Y production in China
Tesla stock gains on Friday despite Model Y news.
Reuters reports that Model Y production is down 20% since March.
Elon Musk comes out in opposition to…
ECB’s Nagel: After a June cut, ECB will probably have to wait until September for next move
European Central Bank (ECB) Governing Council Member Dr. Joachim Nagel noted on Friday that a wait-and-see period before a follow-up rate trim would likely…
US Dollar trades soft ad the end of the week, markets gear of for PCE data
DXY Index is trading at 104.7, showcasing 0.35% losses but will close the week with mild gains.
Durable Good orders from the US came in higher than expected…
Canadian Dollar recovers ground on Friday despite slumping Retail Sales
Canadian Dollar recovers lost ground but remains down for the week.
Canada Retail Sales decline further, limiting CAD recovery.
Broad market risk appetite…
Mexican Peso snaps losing streak to rise on soft US data
Mexican Peso recovers slightly, breaking three-day losing streak.
Mexico's wider April trade deficit and slower economic growth are reported by INEGI.…
Mexican Peso recovers after turnaround in risk appetite
The Mexican Peso reverses earlier loses after risk appetite improves.
The Peso fell against the US Dollar after strong US economic data strengthened the…
Oil jumps 1% after US data helps out
Oil bounces off the fresh 3-month low.
Despite geopolitical headlines, oil has kept sinking this week.
The US Dollar Index trades below 105.00 and looks…
NZD/USD Price Analysis: Forming a rectangle as it unfolds in a range
NZD/USD trades in a range which could represent part of a Bull Flag continuation pattern.
Conditional on a break above the range highs the pair could rally…
US Dollar gives up Thursday’s gains and turns nearly flat for the week
The US Dollar has thrived this week, though gives up part of its weekly gains.
Durable Goods revisions hurted the Greenback.
The US Dollar Index trades…
Gold recovers on increased safe-haven demand
Gold has cushioned its decline as investors seek it out for its safe-haven qualities on Friday.
Mounting geopolitical risks from multiple hotspots – China,…