The dollar remains firm in the face of falls in the equity markets. USD/MXN above 20.30, unable to break 20.45. Banxico is expected to announce a rise of 50 basis points in a few hours. The USD/MXN is rising but modestly on Thursday before the decision of the Bank of Mexico was known and in […]
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She is Katya Echazarreta, the first Mexican NASA engineer to go into space
This Monday, Blue Origin announced the names of the six people who will fly aboard the New Shepard rocket on the aerospace company’s next suborbital spaceflight. Among them is that of Katya Echazarreta, the first woman engineer born in Mexico to go into space. Katya Echazarreta, an electrical engineer and former NASA test leader, burst […]
EUR/USD Price Analysis: Scoped for a visit to 2017 low at 1.0340
EUR/USD falls to fresh lows in the area below 1.0400. The door is now open for a visit to the 2017 low at 1.0340. The EUR/USD saw its decline notably accelerate on Thursday, breaking below the 1.0400 support for the first time since early January 2017. The extra pullbacks stay well on the cards for […]
US Dollar Index Price Analysis: Recovery could now extend to 105.00
DXY’s bullish momentum builds up additional strength. The dollar hits new cycle highs around 104.70. The dollar keeps the supply bias unchanged and pushes the US dollar index (DXY) to fresh 19-year highs in the 104.70 area on Thursday. Considering the ongoing price action, further gains in the index remain good with the immediate hurdle […]
USD/JPY continues to slump and falls below 128.00
The yen continues to strengthen on risk aversion. The dollar loses momentum after economic data. USD/JPY has worst day in months, down more than 200 pips. The USD/JPY fails to find support and after losing 128.00 accelerated the decline. It is trading at the 127.50 area, at the lowest level since April 27. The pair […]
AUD/USD Price Analysis: Still vulnerable, bears could aim to test 0.6800
AUD/USD extended its recent slide and sank to a nearly two-year low on Thursday. The retreat in US bond yields capped the USD and helped the pair find some support. The setup still favors bearish traders and supports prospects for further losses. The pair AUD/USD it has managed to recover a few pips from its […]
EUR/GBP will trade higher over the course of the year – Commerzbank
The Bank of England (BoE) is ready to undertake a gradual tightening of monetary policy, which will put the pound under depreciation pressure, report economists at Commerzbank. Furthermore, the EUR should benefit from the ECB’s interest rate hikes starting in the summer. Therefore, the EUR/GBP is set to go even higher until the end of […]
US: Initial jobless claims rise to 11-week high
Initial jobless claims at highest level since mid-February. Continued orders mark new lows since 1970. The dollar loses strength after data on wholesale inflation and subsidies. The Department of Labor reported that initial claims for unemployment benefits they increased by 1,000 in the week ended May 7 to 203,000, a reading higher than the 195,000 […]
GBP/USD remains bearish around 1.2200
GBP/USD fell to a nearly two-year low on Thursday in reaction to weaker UK macro data. The Fed’s aggressive rate hike bets continued to support the USD and added to the selling bias. Extreme oversold conditions helped limit losses, although the setup favors bearish traders. The pair GBP/USD It managed to recover a few pips […]
US: Wholesale inflation falls less than expected in April to 11% vs. 10.7% expected
The PPI rises 0.5% in April, in line with expectations, annual rate goes from 11.5% to 11%. Core PPI slows more than expected. Dollar pulls back modestly after data, remains strong. The Producer Price Index (PPI) in April registered a rise of 0.5% in line with expectations, after the jump of 1.6% in March. The […]
