The Mexican peso is once again under pressure against the U.S. dollar, approaching multi-year lows during certain moments of the day. This depreciation is driven by a confluence of internal and external factors, generating uncertainty in Mexican markets.
The USD/MXN exchange rate has risen by 0.7%, reversing part of the initial optimism following the absence of...
It's a big week ahead for USDJPY traders and volatility has already started to increase to reflect that. Last week USDJPY bounced between a high on Tuesday of 158.20 and a low on Friday of 154.98, before recovering to close the week back at 156.27.
Now much of that USDJPY volatility was tracking US 10 year bond yields, which fell after US inflation prints on...
Following the inauguration of Donald Trump and the observance of Martin Luther King Jr. Day, U.S. stock markets resumed activity with a positive tone, as the S&P 500 advanced 0.4% at the start of the session. This initial optimism is supported by the relative calm that followed the first day of operations under the new administration.
Although the president...
In a context of volatility, Bitcoin has staged a remarkable rally, breaking past the $100,000 barrier once again, generating renewed optimism in the cryptocurrency market. This bullish momentum, with a weekly growth exceeding 8%, is supported by a confluence of factors ranging from political developments to macroeconomic trends.
One of the key drivers of this...
It’s already been quite a volatile week for GBPUSD price action, starting with a dip from opening levels at 1.2205 to register new 14-month lows at 1.2100 on Monday as the recent negative sentiment towards UK assets continued at the start of the week.
This 1.2100 print was reversed quickly, and weak short positions were squeezed back to the topside at 1.2306 on...
The December US inflation data presented a mixed picture, but with a nuance that markets have chosen to interpret optimistically. After a prior week where robust economic data cooled expectations for rate cuts in 2025, the newly released figures offer a welcome relief.
The headline Consumer Price Index (CPI) rose to 2.9% year-over-year, in line with market...
The US 500 Index has been under pressure at the start of 2025 after a series of strong US economic data readings see traders and investors dismiss any hopes of a Federal Reserve (Fed) rate cut in the first half of the year from their minds.
Not only that, uncertainty around Donald Trump’s actual plans for US tariffs on key trading partners has weighed on...
Oil prices have experienced a remarkable surge, with gains reaching nearly 5% at the peak of the session, marking one of the most positive trading days since late 2023. While part of the initial momentum has moderated, crude remains substantially up, around 3%, largely driven by the strength of the U.S. labor market, as revealed by the recent Non-Farm Payrolls...
The US labor market has ended 2024 with unexpected strength, significantly exceeding market expectations. The addition of 256,000 new jobs in December, the highest figure in nine months, contrasts with forecasts of 160,000, consolidating a year of economic resilience. This robust data adds to a series of positive economic indicators, such as the services PMI and...
The start of a New Year is always a time to not only look back on the old, but also look ahead to the new.
Resolutions are often made during this period, so we wanted to provide some suggestions of what you could try from a trading perspective in the year ahead.
1. Keeping a Trading Journal: This doesn’t have to be as onerous as I’m sure you’re thinking!...
The Mexican peso is once again under pressure against the US dollar, following the release of Mexican inflation data that came in below market expectations. This depreciation, reflected in a 0.25% increase in the USD/MXN pair on Thursday, adds to a global and local context marked by uncertainty.
The renewed strength of the dollar, driven by the resilience of the...
Gold has advanced in recent sessions, reaching $2,660 per ounce, despite the strong headwinds posed by a robust U.S. dollar and the rise in Treasury yields.
Although gold experienced a temporary rebound of over 1% yesterday, pressure from the strength of the dollar and the increase in Treasury bond yields limited its ability to sustain gains. This behavior...
Technology stocks have started the year on a solid footing supported by Microsoft’s announcement to invest $80 billion this year on data centre infrastructure and hopes that the potential trade tariffs that will be initially implemented by Donald Trump’s administration may not be as sweeping as first thought.
Next however, Nasdaq 100 traders must negotiate a week...
Gold has made modest ground through Asia, adding $8 on the day, however, the news flow certainly suggests a higher probability that we could soon see increasing buying flows, as investors start to seek out portfolio protection from the incoming tariff hostilities.
News that China added to its gold reserves for a second consecutive month in December, taking its...
AUDUSD’s near 11% fall from late September highs at 0.6942 to the December 31st low at 0.6179 has been an extraordinary, almost one way move, where a series of broader based AUD negative factors and USD positive factors combined to create a perfect downside storm.
Those negative AUD factors include a slowdown in the economy of key trading partner China, the...
After posting a gain of around 23%, 2024 was undoubtably another strong performance for the US 500 index. However, hopes of that much discussed ‘Santa Rally’ failed to materialise. Undermined by hawkish comments from Federal Reserve (Fed) Chairman Jerome Powell on December 18th at the press conference following another 25bps (0.25%) interest rate cut.
His...
In previous posts within this series, we have covered, Bollinger Bands and moving averages, where we’ve shown how each technique can help determine the trending condition of an asset. If you haven’t already, please look back at our timeline to view these posts.
Now we want to look at another trending indicator, which can help to provide a quick and easy read of...
GBPUSD – Can The Rollercoaster Price Action Continue?
What a difference a day can make to market expectations and positioning. GBPUSD was riding high around 1.2720 late Wednesday afternoon on the back of stronger UK wage growth and inflation (CPI) readings from earlier in the week, creating some uncertainty about what its next directional move maybe.
Then,...
