EUR/JPY Hovers Around 164.00 After Tenkan-sen Bounce
The EUR/JPY exchange rate remained largely flat during the North American session, trading near 164.09 after briefly touching a two-day high of 164.40. The pair’s price action suggests indecision in the market following a recent rebound. Earlier, a decline from the year-to-date high of 165.33 found support near the Tenkan-sen level at 163.12 on Monday, […]
Mexican Peso Benefits from USD Weakness, Shrugs Off Banxico Cut
The Mexican Peso (MXN) gained over 0.1% against the US Dollar (USD) on Monday, capitalizing on broad USD weakness. The risk-off sentiment and Banxico’s recent rate cut did little to deter MXN bulls. Key Factors: Technical Outlook:
EUR/JPY Retreats from 16-Year Highs, Faces Consecutive Losses
EUR/JPY dipped to 163.59, marking consecutive declines after reaching a peak not seen in 16 years at 165.35. Market sentiment remains positive, favoring equities, but the Japanese Yen (JPY) and US Dollar (USD) maintain strength in the FX market. Technical Outlook:
Canadian Dollar Gains Limited by USD Resurgence
Absolutely! Here’s a tighter version of your Canadian Dollar analysis focusing on the impact of USD strength and technical outlook: Canadian Dollar Gains Limited by USD Resurgence The Canadian Dollar (CAD) broadly gained on Thursday but couldn’t match the resurgent US Dollar’s (USD) pace. The USD recovered post-Fed decision, driving most currencies lower. Key Factors: […]
DXY Declines After Fed Holds Rates, Signals Unchanged Outlook
The US Dollar Index (DXY) fell towards the 103.50 area following the Federal Reserve’s (Fed) decision to hold interest rates at 5.25-5.50%, in line with expectations. Despite upward revisions to economic activity and inflation forecasts, the median projected interest rate remained at 4.6%, triggering a positive market reaction. Key Takeaways: Technical Outlook: Next Steps:
Mexican Peso Retreats as US Dollar Gains Ahead of Fed Decision
The Mexican Peso (MXN) weakened against the US Dollar (USD) in early North American trading as the USD gained strength. Speculation about a potential easing of policy by the Bank of Mexico (Banxico) on Thursday added to the MXN’s downside pressure. USD/MXN trades at 16.82. Key Factors: Technical Outlook:
EUR/USD Pressured as Expectations for Early Fed Rate Cuts Diminish
EUR/USD trades lower within a new range in the 1.0800s following warmer-than-expected US inflation data, suggesting the Federal Reserve (Fed) may need to maintain higher interest rates for longer. Key Factors: Technical Outlook:
AUD/USD Hovers Near 0.6550 Ahead of Key RBA and Fed Events
AUD/USD remains rangebound above 0.6550 as markets anticipate upcoming decisions from the Reserve Bank of Australia (RBA) and the US Federal Reserve (Fed). While both central banks are expected to hold rates steady, focus remains on the timing of potential rate cuts. Key Factors: Technical Outlook:
Gold Price Drops on Hot US PPI Data, Focus Shifts to Fed Outlook
Gold price (XAU/USD) experiences a sharp decline following the release of hotter-than-expected US Producer Price Index (PPI) data for February. Sticky inflation strengthens the US Dollar (USD) and boosts bond yields, increasing the opportunity cost of holding non-yielding Gold. Key Factors: Technical Outlook:
NZD/USD Falls as US CPI Data Fuels Fed Rate Hike Expectations
The New Zealand Dollar (NZD) declines against the US Dollar (USD) following hotter-than-expected US inflation data. Higher-for-longer US interest rates strengthen the USD as they attract foreign capital inflows. Key Factors: Technical Outlook:
