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Forex
Mexican Peso tanks ahead of Banxico’s meeting
Mexican Peso declines as USD/MXN climbs over 1.80%, driven by expectations of further Banxico rate cuts.
Cooling inflation in early September bolsters the…
US Dollar sees gains, dovish bets on the Fed might limit the upside
Market continues to overestimate Fed easing with the central bank pushing back against dovish expectations.
Economic data remains solid as S&P Global…
Forex Today: Attention shifts to Powell and data pre-PCE
The Greenback staged a robust comeback after flirting with 14-month lows, prompting quite a meaningful knee-jerk in the risk complex ahead of key data releases…
Pound Sterling Price News and Forecast: GBP/USD weakens and drops below 1.3400 as USD recovers
GBP/USD Price Forecast: Weakens and drops below 1.3400 as USD recovers
The Pound Sterling lost some steam against the US Dollar in early trading during…
EUR/GBP Price Analysis: Pair finds stabilizes at 0.8350, technical outlook remains bearish
EUR/GBP retraced Monday’s sharp downward movements.
The daily RSI and MACD signals a stabilizing selling pressure.
The pair might extend its current…
US Dollar whipsaws in volatile session near 14-month low
The US Dollar bounces off this year's low for now.
Recession fears could pick up Thursday when US GDP would ease further.
The US Dollar Index still flirts…
Pound Sterling corrects while BoE less-dovish bets keeps outlook firm
The Pound Sterling faces pressure near 1.3400 against the US Dollar, while the latter's outlook remains vulnerable.
BoE Governor Andrew Bailey sees a…
Gold rallies to new high after fall in consumer confidence
Gold rallies to a new record high after US Consumer Confidence data falls well below expectations.
The data reinforces bets the Federal Reserve will have…
EUR/USD reclaims 1.1200 as Fed large rate cut bets increase
EUR/USD rises to near 1.1200 as the Euro gains despite deepening worries over Eurozone economic growth.
The ECB is expected to cut interest rates once in…
DXY: Watching if interim bottom holds – OCBC
USD’s decline continued after US conference board consumer confidence unexpectedly fell. DXY was last at 100.49, OCBC’s FX strategists Frances Cheung and…