The Dow Jones fell 1.6% to 43,4500 on Friday. US PMIs came in mixed, consumer sentiment fell, inflation expectations accelerated. UnitedHealth is reported to be under investigation by the US Justice Department. The Dow Jones Industrial Average (DJIA) backslid over 700 points on Friday, knocking lower around one and a half percent and touching the … Read more
The US Dollar Index holds above 106.50 following weak US PMI data. US service sector contracts unexpectedly in February, weighing on sentiment. Consumer sentiment drops, while inflation expectations rise, adding pressure to USD. The US Dollar Index (DXY), which tracks the US Dollar’s performance against six major currencies, is holding on to minor gains on … Read more
Aussie stalls near 0.6400 despite earlier gains. Post-PMI sentiment dims risk appetite and benefits the USD. RBA’s measured stance limits deeper easing bets and might limit the downside. The AUD/USD pair faces offers pressure near 0.6400 after the release of the United States (US) S&P Global PMI data for February. Although traders deem President Donald … Read more
AUD/JPY extends its decline, falling sharply and breaking below the 20-day SMA. RSI remains in negative territory, reflecting intensifying bearish momentum. MACD histogram prints rising red bars, signaling increasing downside pressure. The AUD/JPY cross continued its downward trajectory on Friday to around 94.80, posting sharp losses and breaking through key technical support levels. The pair … Read more
Silver retreats to $32.54 after failing to hold above key $33.00 level. RSI signals mixed momentum, with downside risks if $32.00 support breaks. Next resistance at $33.20, while key support lies at 100-day SMA near $31.12. Silver’s price retreats on Friday and fails to capitalize on falling US yields. According to the 10-year T-note, yields … Read more
Mexico’s Q4 GDP contracts for the first time since 2021. Banxico slashes 2025 growth outlook to 0.6%, well below Finance Ministry projections. US data mixed: Manufacturing PMI improves but Services PMI falls into contraction. The Mexican Peso (MXN) lost some ground against the US Dollar (USD) on Friday as the Mexican economy decelerated in the … Read more