The outlook continues to favor the Mexican peso in the short term. Losses are limited as long as it is above 19.50. Immediate resistance levels at 19.60 and 19.72. The USD/MXN maintains a short-term bearish tone. The decline remains capped by the 19.50 support zone. A consolidation below the mentioned area would expose last week’s […]
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Brad Pitt sues Angelina Jolie for the sale of her vineyard; requires jury trial
They say that there is only one step from love to hate and Brad Pitt and Angelina Jolie are irrefutable proof of this, because the battle between the two Hollywood stars not only does not give in, but even gets bigger, to the point that it has come to court and the actor is asking […]
USD/JPY rises near 132.55 after hitting a 20-year high around 133.00
USD/JPY continues to extend its weekly gains to 1.29%. Risk appetite and rising US Treasury yields lift USD/JPY. The Bank of Japan will maintain ultra-loose monetary policy, despite the yen’s weakness. USD/JPY Price Forecast: Pull Back Towards 132.00 as Bulls Prepare Attack Towards 135.16 The USD/JPY rose for the third day in a row and […]
USD/CAD dips to test weekly lows below 1.2565
US dollar turns negative as risk sentiment improves. The CAD is the best performer among the commodity currencies. USD/CAD is headed for the lowest close since April 20. The USD/CAD is falling on Tuesday and recently hit a new daily low at 1.2539. The weakness of the US dollar caused the pair to continue lower […]
Worker Ruins Marriage Proposal and Disneyland Paris Apologizes
Disneyland is known as “the happiest place in the world”, so it’s easy to take in the fact that it’s one of the perfect settings for marriage proposals. Truth be told, proposals at Disneyland or any other Disney park are so common and frequent that there is a dedicated page for “happily ever after” planning. […]
NZD/USD bounces back above 0.6450
NZD/USD has rebounded from session lows in the 0.6420 area as risk appetite has improved since the US open. The pair, now trading closer to 0.6475, is likely to trade between the 21-50 DMA ahead of the US CPI release. The NZD it failed to emulate its Australian counterpart’s rise on the back of a […]
WTI bounces away from lows, approaching $120
WTI has bounced from session lows below $118 to approach $120 despite a risk-free opening on Wall Street. Several themes are being cited as price support and encouraging buying on the dips as the bulls look for a break towards the March highs. oil prices have rallied in late trading despite a relatively dodgy open […]
USD/TRY picks up the pace and trades fresh 2022 highs near 16.80
USD/TRY at new 2022 highs near 16.80. The strong recovery of the dollar pushes the pair higher. The results of the cash balance of the Turkish Treasury come later. The strong tone across the board in the USD motivates the USD/TRY to continue advancing and mark new highs of 2022 in the vicinity of 16.80 […]
USD/CHF Price Analysis: Bulls have the upper hand, 0.9745-50 confluence hurdle breakout on the line
USD/CHF soared to a near three-week high on Tuesday amid broad-based USD strength. Risk aversion underpinned the safe haven CHF and capped any significant upside. Acceptance above the 0.9745-0.9750 confluence supports prospects for further gains. On Tuesday, the pair USD/CHF gained strong follow-up traction for the third day in a row and soared to a […]
World Bank lowers global growth forecast for 2022 to 2.9% from 4.1% in January
The world Bank it lowered its 2022 global growth forecast on Tuesday to 2.9% from its 4.1% estimate published in January, Reuters reported. The World Bank said the Ukraine war will reduce per capita income in developing economies by 5.0% from its pre-COVID-19 trend. World Bank President David Malpass said the risks of stagflationthe russian-ukrainian […]
