FX

USD/CAD holds onto gains near 1.3850 as the BoC is expected to cut interest rates again by 50 bps in December. Economists expect the Canadian monthly Retail Sales to have grown by 0.5% in August, slower than 0.9% in July. The US Dollar remains supported as Fed large rate cut expectations have been tempered. The

Gold advances as US Treasury yields fall alongside the US Dollar. Tensions due to the Middle East and US election boost Bullion’s demand. Strong US labor market data and better-than-expected PMI results underscore economic resilience despite mixed housing data. Analysts highlight rising US fiscal debt concerns as key factors supporting Gold’s rally. Gold prices climbed

The Mexican Peso executes a technical bounce and rises despite negative fundamentals.  The move could be technically inspired or as a result of a revival in carry flows due to the weakening Yen.  USD/MXN pulls back after testing the 20.00 hurdle. The pair remains in a broader uptrend.  The Mexican Peso (MXN) edges higher on

Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr flagged the potential that the New Zealand central bank may be more “circumspect” when it comes to further rate cuts looking ahead after the RBNZ kicked off a rate cutting cycle this year. Key highlights Low and stable inflation is again in sight. NZ monetary policy

EUR/USD falls further as several ECB policymakers said they expect the Deposit Facility Rate to fall below the neutral level at around 2% or 2.25%. ECB Lagarde said she is hopeful about inflation falling at a faster-than-expected pace. The uncertainty ahead of the US presidential election is expected to keep market sentiment on its toes.

Gold price surges to an all-time high, nearing the $2,750 mark, supported by geopolitical tensions and expectations of further Fed rate cuts. Despite rising US Treasury yields, risk aversion and fears of a Trump presidency drive safe-haven demand for Gold. Traders are pricing in 42 bps of Fed rate cuts by year-end with 89.6% odds

NZD/USD rebound from over a two-month low amid a modest USD downtick. A combination of factors should limit the USD slide and cap gains for the pair. The setup supports prospects for the emergence of fresh selling at higher levels.  The NZD/USD pair stages a modest recovery from the 0.6020 area, or its lowest level

The Dow Jones shed roughly 350 points, or 0.8%, as equities retreat from record highs. Bullish momentum is taking a breather, with the Dow Jones bearing the brunt of the load. Earnings season expectations are battling with elevated interest rate fears. The Dow Jones Industrial Average (DJIA) backslid on Monday, tumbling nearly 350 points and

NZD/USD could test the immediate support around a two-month low at 0.6039 level. The daily-chart analysis suggests the short-term market bias is bearish for the pair. A break above the immediate resistance at the nine-day and 50-day EMAs could trigger a shift toward a bullish bias. The NZD/USD loses ground after two days of gains,

Mexican Peso gained 0.90% earlier on Friday but erased gains amid a weaker US Dollar. US Dollar Index hit a two-month high before retreating to 103.48, down 0.23% on Friday. China’s stimulus measures provided brief support to the Peso. The Mexican Peso remained firm against the US Dollar on Friday yet erased earlier gains, which

EUR/USD rebounded on Friday, clipping a week-long losing streak. A last-second recovery in Fiber bids came from broad-market Greenback weakness. The Euro remains poised for further losses after another rate cut from the ECB this week. EUR/USD drifted into a rebound on Friday, snapping a four-day losing streak. A wider selloff in Greenback flows off

Gold rises 0.98%, reaching $2,720 as geopolitical tensions and US election concerns drive demand for safe-haven assets. Falling US Treasury yields and the weakening US Dollar further boost Bullion prices, with the US Dollar Index dropping to 103.45. Analysts predict continued Gold gains with Citi’s Max Layton forecasting prices could reach $3,000 an ounce within

Silver surges past $32.00, driven by falling US Treasury yields, with prices up 2.26% during the North American session. The RSI indicates growing bullish momentum, with key resistance levels at $32.95 and $33.00 in sight. A pullback below $32.00 could see support at $31.32, with stronger backing around the 50-DMA at $30.13. Silver’s price skyrocketed

Both OPEC and the IEA revised their oil demand forecasts downwards again this week, Commerzbank commodity analyst Carsten Fritsch notes. Oil market to face a significant oversupply next year “OPEC now expects an increase of 1.9 million barrels per day this year and 1.7 million barrels per day next year. That is 100,000 barrels per

The Mexican Peso halts its march lower after strong economic data from the US, its largest trading partner.  China data tempers slowdown fears and also supports emerging market FX, including the MXN.  USD/MXN stalls, forms a Shooting Star candlestick pattern and reverses. The Mexican Peso (MXN) trades marginally higher in its most heavily-traded pairs on

TRV stock soars 8% on Thursday after delivering record Q3 earnings. Travelers adjusted EPS spiked 169% from a year earlier.  Record underlying underwriting income led to the successful quarter. TRV stock could run up to $280 based on technical chart pattern. The Travelers Companies (TRV) stock has popped 8% on Thursday after its third-quarter earnings

NZD/USD attempts to remain within the descending channel pattern. If the 14-day RSI breaks below the 30 level, it would indicate an oversold territory and possibility of a short-term upward correction. The immediate resistance appears at the nine-day EMA at 0.6101 level, followed by the 50-day EMA at 0.6153 level. The NZD/USD continues its losing

XAU/USD climbs as falling US Treasury yields boost demand for non-yielding assets. Traders anticipate rate cuts from major central banks as inflation cools with the ECB expected to act on October 17. Geopolitical uncertainty and upcoming US elections fuel demand for Gold as a safe-haven asset amidst economic slowdown fears. Gold prices rose during the