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
European Central Bank (ECB) Governing Council member and head of the Austrian central bank, Oesterreichische Nationalbank (OeNB) noted on Monday that warning signs that the ECB may undershoot inflation targets are growing, but overall inflation figures are still lopsided and make policy moves difficult. Key highlights Danger of undershooting 2% is not a reason to cut. With … Read more
EUR/USD gives a tough fight to psychological resistance of 1.0500 as the outlook of the US Dollar is uncertain. ECB’s Panetta is worried about growing risks of inflation undershooting the 2% target. US President Donald announced on Friday that he plans to impose tariffs on imported cars. EUR/USD tussles to extend its upside move above the … Read more
The US Dollar consolidates ahead of a possible breakthrough on Ukraine. Traders brace for headlines that could emerge from Riyadh this week. The US Dollar Index (DXY) is stuck in the mid 106-range and is looking for direction. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major … Read more