Month: May 2024

The Mexican Peso is at risk of reversing its long-term uptrend.  Several analysts say MXN has peaked and is on the way down. Negative fundamentals include the Mexican and US presidential elections and a narrowing MXN-supportive interest-rate differential. The Mexican Peso (MXN) makes up earlier loses to trade about flat in its key pairs during the US session on
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The US financial markets were enveloped in a wave of risk aversion that continued into Asian session, primarily driven by the notable surge in Treasury yields. This uptick in yields followed an auction of seven-year debt that closed with higher than anticipated yields, raising alarms about weakening demand for US Treasuries. This concern was compounded
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High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
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High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
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Risk aversion is the prevailing theme in the global markets today, with major European indexes trading in the red and US futures pointing to a lower open. Australian Dollar reversed its earlier post-CPI gains and is currently the worst performer of the day, followed by New Zealand Dollar and Canadian Dollar. In contrast, Swiss Franc
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The world is mired in $315 trillion of debt, according to a report from the Institute of International Finance. This global debt wave has been the biggest, fastest and most wide-ranging rise in debt since World War II, coinciding with the Covid-19 pandemic. “This increase marks the second consecutive quarterly rise and was primarily driven by emerging markets,
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Here’s a snapshot of things so far today: Eurostoxx -0.7% Germany DAX -0.7% France CAC 40 -0.8% UK FTSE -0.3% S&P 500 futures -0.6% Nasdaq futures -0.6% Dow futures -0.5% The selloff in bonds yesterday is definitely throwing some caution up in the air. But despite the retreat in the last two days, things aren’t
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