USD/JPY Forecast: Rangebound Trading Expected
The US Dollar (USD) is expected to trade in a range between 146.00 and 147.40 in the near term, according to UOB Group FX analysts. While the...
AUD/USD Reverses Lower After False Breakout
The AUD/USD pair reversed course after a failed breakout above the range high, suggesting a potential start of a new downtrend. Technical Analysis: Overall Outlook: The AUD/USD...
Mexican Peso Appreciates on New President’s Inauguration
The Mexican Peso (MXN) strengthened against the US Dollar (USD) on Tuesday following the inauguration of President Claudia Sheinbaum and her speech in the Mexican Congress. Sheinbaum’s...
Gold Retreats After Chinese Stocks Surge
Gold prices (XAU/USD) retreated on Monday, trading in the $2,630s per troy ounce. This pullback follows a record-breaking rally last week, fueled by the Federal Reserve’s aggressive...
Silver Price Pulls Back Ahead of US Inflation Data
Silver prices retreated to near $31.60 on Friday, following a recent surge to $32.70. The decline was attributed to investor caution ahead of the release of the...
Mexican Peso Anticipates Central Bank Interest Rate Decision
The Mexican Peso (MXN) experienced minor gains against major currencies on Thursday, ahead of the Bank of Mexico’s (Banxico) September monetary policy meeting. The decision on interest...
USD/CAD Forecast: Bearish Outlook Persists
The USD/CAD pair is trading near a six-month low, with a bearish outlook prevailing. The Canadian Dollar (CAD) has strengthened, supported by higher oil prices and expectations...
Pound Sterling Hits New High Amid Fed Rate Cut Bets
The Pound Sterling (GBP) has reached a new two-and-a-half-year high against the US Dollar (USD), supported by a weaker USD and growing expectations for further Fed rate...
Mexican Peso Holds Steady Ahead of Economic Data and Banxico Meeting
The Mexican Peso (MXN) is trading within a narrow range, awaiting the release of key economic data and the Bank of Mexico’s (Banxico) monetary policy decision. The...
EUR/USD Holds Above 1.1150 Amid Fed Rate Cut Expectations
The EUR/USD pair is trading above 1.1150, supported by a weaker US Dollar (USD) and growing expectations for continued Fed rate cuts. The US Dollar Index (DXY)...