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Forex
Mexican Peso climbs on strong data, risk-on mood weighing on US Dollar
Mexican Peso set for 0.89% weekly gain as economic resilience surprises markets.Trump’s mixed tariff comments stir volatility, but risk appetite lifts emerging…
OPEC+ countries consider significant increase in production for June as well – Commerzbank
According to a Reuters report, the eight OPEC+ countries with voluntary production cuts could also increase oil production more significantly in June,…
JPY soft in context of trade headline-driven market – Scotiabank
Japanese Yen (JPY) is weak, down 0.7% against the US Dollar (USD) and underperforming most of the G10 currencies in an environment of broad-based USD strength,…
Kazakhstan puts OPEC+ cohesion to the test – Commerzbank
Given this situation, it is hardly conceivable that Kazakhstan will limit oil production as planned, let alone compensate for the current overproduction with…
Temporary setback for Gold? – Commerzbank
After US President Trump backtracked significantly on both tariffs against China and the dismissal of Fed Chair Powell, the price of Gold temporarily fell back…
Chinese Embassy: US and China are not having any negotiations on tariffs
The United States and China are not engaged in any talks on tariffs, the Chinese embassy said on Friday, according to Reuters. "China and the US are not having…
Lagarde speech: Not pre-committing to a particular rate path
European Central Bank (ECB) President Christine Lagarde said on Friday that the disinflation process in the Eurozone is well on track, per Reuters. Lagarde…
S&P 500 (SPX) Elliott Wave forecasts amid tariff uncertainties
There has been a back and forth regarding the tariff headlines as traders and investors are clouded in uncertainties. Clearly, the economic war has narrowed to…
Royal Gold (RGLD) bullish nest for a break above $200.00
Royal Gold (NASDAQ: RGLD), founded in 1991, is a global leader in precious metals royalty and streaming. With interests in 194 properties across 20+ countries,…
Pound Sterling gains on surprisingly positive UK Retail Sales data
The Pound Sterling rebounds against its major peers after the UK ONS reported upbeat Retail Sales data for March.Traders are confident of a 25 bps interest…