Forex

Why the Mexican Peso Surged Against the USD?

The Mexican peso gained strength to 17.544, its highest value since July 2017, as the difference between US and Mexican monetary policies became more pronounced. The RSI on the USDMXN suggests it is in an extreme oversold condition, so a...

Pound to break 1.27 amid BOE’s Thursday rate hike?

The pound rose to a more than one-year peak against the dollar on Monday, trading as high as $1.2668, its highest level since April 2022, before slipping slightly below that to $1.2616. The pound is in focus this week ahead...

Preparing for the Worst: Trading Ahead of a US Debt Default

While it is highly unlikely that the US will default on its debt, this doesn’t mean that the traders won’t make plans to deal with a default or get jittery. Two likely markets that will have to deal with the...

Trading Opportunities in AUD/USD This Week

Traders might consider the AUD/USD trade this week as the Reserve Bank of Australia is anticipated to announce its latest interest rate decision today. While falling inflation figures in the March quarter might provide room for the RBA to pause...
JPY

GBP/JPY: Brace Yourself for BoJ’s Announcement

With safe haven currencies pulling in the most buyers this week, including the yen and the US dollar, what will happen to the USD/JPY and the GBP/JPY leading up to, and after, the Interest Rate Decision due from the Bank...

Destablising Inflation Concerns Weigh on the GBP

In March 2023, the United Kingdom's year-on-year consumer price inflation rate decreased to 10.1% from 10.4% in February. However, it exceeded the market forecast of 9.8%, and Britain remains the country in Western Europe with the highest rate of inflation....

What Happens When the BoJ Kills its Yield Curve Control?

The USD/JPY is currently in the range bound between around 138.00 and 129.500. But a downside potential to a level like 116.00, which has not seen since early 2022 if a knee-jerk reaction eventuates. Ultimately, how drastic these outcomes turn...

US Inflation Slows for Ninth Month: What’s the Plan, Jay Powell?

The US annual inflation rate has slowed down for the ninth month in a row, hitting 5% in March of 2023. While this is the lowest it's been since May of 2021, it's still well above the Fed's target of...

US Inflation Alert: How Will Markets React?

Investors are facing a busy week of economic data that includes the release of consumer price and producer price index data for March on Wednesday and Thursday (US time), respectively. The results of these reports will help determine whether or...
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