Latest Updates

USDMXN Hits Two Month Low

USDMXN Hits Two Month Low

USDMXN is giving 0.05 percent to 19.0097 having hit earlier today the low at 19.89 amid USD weakness across the board after FED changed its rhetoric to more dovish, opening the door to 2 or 3 interest rate cuts before the end of the year. Macro date from USA failed [...]
USDCAD Test 1.3150 and Rebounds

USDCAD Test 1.3150 and Rebounds,

USDCAD trades lower for one more today at 1.3191 as traders are dumping the US dollar after the dovish minutes from FED yesterday.  Loonie got an extra boost from WTI crude oil rally at $57 per barrel. In U.S. macro data, the initial jobless claims fell by 6,000 to 216,000 [...]
S&P at Fresh High

S&P at Fresh High

Wall Street extends gains for fourth day in a row as equities attract investor’s bids after FED removed the patience stance and open the doors for interest rate cuts as soon as July. Dow Jones is adding 0.71 percent to 26,690, the S&P 500 gain 0.59 percent to 2,943 while [...]
Crude oil Extend Gains Above $57

Crude oil Extend Gains Above $57

Crude oil continues the trip north adding more than $2 to $57.10 as the dollar denominated assets buying frenzy continues. Central bank easing from RBA, ECB and FED, along with an improved sentiment on US-China trade war, and an escalation in USA – Iran tension leads to stronger demand for [...]
European session, Overbought Levels

European session, Overbought Levels

USD weakness pushed many assets to overbought levels. Investors dump US dollar and buying dollar denominated instruments across the globe. 10year US Treasury yields hit the lowest level since 2017 as investors’ expectations for a Fed rate cut in July have increased. Here is a list of the instruments that [...]
Gold Hits 6 Year High

Gold Hits 6 Year High

Gold registers an impressive rally after it broke above the 1,357 yearly higher as bids were throwing like there is no tomorrow for the yellow metal. Short covering also helped for the gold to reach 1,394 a level that we haven’t seen since 2013. USD weakness is the catalyst for [...]
Fed Pressures the USD Index

Fed Pressures the USD Index

The dollar index is under pressure today giving up 0.42 percent to 96.82 approaching multi month low, after yesterday, FED left interest rates unchanged as widely expected by markets but changed its language to more dovish amid growing global trade fears. Investors now expect that the U.S. central bank is [...]
Pound Breaks Above 1.27

Pound Breaks Above 1.27

GBPUSD trades at 1.2704 after an impressive rally that started yesterday and ahead of Bank of England interest rate decision later today.  Pound got a boost after FED left interest rates unchanged as widely expected by markets but changed its language to more dovish amid growing global trade fears. Later [...]
What will Drive FX Markets Today

What will Drive FX Markets Today

In old continent today investors await the UK retail sales data, to be released at 08:30GMT. The ECB Economic Bulletin will be released at 09:00GMT while the Eurozone Consumer Confidence will be released at 14:00GMT In the American trading session the weekly Jobless Claims, the Philly Fed Manufacturing Index and [...]
EURUSD: Dovish Fed Supports Euro

EURUSD: Dovish Fed Supports Euro

Euro after a quiet session trading around 1.12 managed to break higher at 1.1256 after the FED kept interest rates unchanged but removed the word “patient” from its statement as global trade war have an impact to US economy. Also in the statement changed   the “solid” outlook for US economy [...]