As dollar eyes third-weekly win, traders are doubling down on their bearish bets
As dollar eyes third-weekly win, traders are doubling down on their bearish bets
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As dollar eyes third-weekly win, traders are doubling down on their bearish bets
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Good morning, everyone! If you’re looking for the best morning pictures to kickstart your day, you’re in the right place. The right good morning images can set the tone for an uplifting and productive day ahead. From stunning sunrises to serene landscapes, morning images are a great way to bring light, peace, and inspiration into…
American Express Company (NYSE: AXP), a leading multinational financial services corporation based in New York City, continues to solidify its position as a prominent player among the Dow Jones Industrial Average’s 30 components. As it specializes in payment cards, the company consistently demonstrates significant market performance, further enhancing its reputation. Meanwhile, analysts hold mixed opinions…
Gold holds steady near its all-time high as data favors a rate cut. Another bounce likely but caution warranted as overbought signals emerge. Gold started the week with quiet sideways action, hovering just below its all-time high of 3,674, reached last Tuesday. U.S. CPI inflation figures held steady at elevated levels last week, in line…
Mexican Peso extended its losses for the second straight day as USD/MXN hit a 19.74 peak. Banxico cuts rates to 10.50%, weakening the Peso as economic activity cools and inflation projections rise for 2024. US PCE inflation edged lower, but core PCE remains within the Fed’s comfort range of 2%-3%. The Mexican peso lost steam…
Gold retreats after setting a new record-high above $4,520 earlier in the day and trades in a tight range below $4,500 as trading volumes thin out ahead of the Christmas break. The US Dollar selling bias remains unabated on the back of dovish Fed expectations, which continues to act as a tailwind for the bullion amid…
Euro is having a modest rebound as markets enter the final US session of the holiday week, supported by a notable rise in Germany’s 10-year benchmark yield. Investors dumped German bonds after President Frank-Walter Steinmeier dissolved the lower house of parliament, paving the way for snap elections on February 23. The move follows the collapse…