The Mexican Peso tardes slightly lower, extending the mild weakening from Monday. US Retail Sales data, the Fed policy meeting and BoE meeting are key events this week. USD/MXN forms a bearish “Three Black Crows” Japanese candlestick pattern. The Mexican Peso (MXN) edges lower on Tuesday morning after mildly retreating the prior day. This may be as…
The Mexican Peso softens on Monday after three up days in a row. Increasing chances of deeper cuts to interest rates and slowing growth prospects had weakened the Peso’s peers. USD/MXN’s daily chart paints three down days in a row, a pattern called “Three Black Crows”. The Mexican Peso (MXN) trades moderately against its key…
WTI Oil is rebounding off four-month lows on renewed expectations the Fed may cut interest rates by 50 bps. Supply closures from Hurricane Francine which is ravaging the Gulf of Mexico are another bullish factor. WTI is forming short-term bullish reversal patterns on the daily and weekly charts. West Texas Intermediate (WTI) crude Oil price…
Gold trades close to its $2,531 all-time-high amid expectations of the Fed cutting interest rates and a weak US Dollar. The size of the Fed’s cut at its September meeting will impact Gold. US CPI data on Wednesday could influence the Fed’s decision. Gold (XAU/USD) cycles back up towards the top of its three-week range,…
Trump vs. Harris Debate: Will Markets React? – Forex Forum September 10, 2024 /Posted byGVI Forex / 197 / Source link
The Mexican Peso extends its downtrend but appears to be finding a floor. The weakness of rivals, such as the US Dollar, as well as uncertainty over the direction of Mexico’s monetary policy are supportive factors. USD/MXN steadily rises in a mildly bullish channel. The Mexican Peso (MXN) trades flattish and mixed on Monday after…
Listen to the audio episode: Get The Complete Price Action Strategy Checklist! The $3M Profitable Trader At 23 Years Old In episode 471 of the Desire To Trade Podcast, we will be listening to the recording of an interview with the $3M profitable trader at 23 years old, TraderNick. It may sound counterproductive but there’s a…
Newsquawk Week Ahead: 9th-13th September – Forex Forum September 7, 2024 /Posted byGVI Forex / 340 / Source link
Gold prices fall during a quiet North American session with US markets closed for Labor Day. Upcoming US economic reports — ISM PMIs, JOLTS job openings, ADP Employment Change, and Nonfarm Payrolls — set to influence Fed rate decision. Fed Chair Powell at Jackson Hole noted that inflation was easing but increasing employment risks, raising…
Gold continues unfolding a mini-range above $2,500. The upside is capped by a recovering US Dollar on the back of easing concerns about the US economy. Labor market data out this week could be key, with Nonfarm Payrolls the main release on Friday. Gold (XAU/USD) continues trading in a familiar range just above $2,500 on…