NZD/USD remains under pressure near 0.5710 in Tuesday’s Asian session. RBNZ is set to lower its OCR by 50 bps to 3.75% on Wednesday. The escalating trade war might boost the US Dollar. The NZD/USD pair attracts some sellers to around 0.5710 during the early Asian session on Tuesday. The rising expectation that the Reserve Bank … Read more
British Prime Minister Keir Starmer said late Monday that any Ukraine peace deal would require a “US backstop” to deter Russia from attacking its neighbor again, per Reuters. Key quotes A US security guarantee was the only way to effectively deter Russia. The future of Ukraine is an existential issue for Europe. It is pressing that … Read more
The US Dollar alternated gains with losses in the area of two-month lows in a context of marginal trading conditions amid the inactivity in the US markets due to the Washington’s Day holiday. Here is what you need to know on Tuesday, February 18: The US Dollar Index (DXY) navigated a vacillating session in the … Read more
Gold gains 0.56% despite thin liquidity on US Presidents’ Day. Geopolitical risks, US trade policies support bullion’s long-term outlook. Traders await FOMC Minutes, Fed speakers, and key US economic data. Gold price climbed on Monday during the North American session, posting gains of 0.56% amid thin trading as markets in the United States (US) were … Read more
USD/MXN dips below 50-day SMA at 20.42, trading at 20.27. Weak US Retail Sales and softer PPI sub-components fuel Fed easing expectations. Mexico’s Retail Sales, Banxico minutes, and Q4 GDP are in focus this week. The Mexican Peso (MXN) extended its gains versus the US Dollar (USD), clearing key support at the 50-day Simple Moving … Read more
Canadian Dollar markets are shuttered for a federal holiday. US markets are also quiet, further crimping volume flow from the Greenback side. Canadian CPI inflation figures due this week, as well as FOMC Meeting Minutes. The Canadian Dollar (CAD) was flat on Monday, driven into the middle by a complete lack of market volume. Canadian … Read more