The USD/MXN crosses over the 18.00 mark as traders seek refuge.
As buyers entered the market, the USD/MXN became positive and pushed prices over 18.00. US Initial Jobless Claims increased, indicating that the Fed would gradually raise rates. Analysts predicted that Banxico might increase in increments of 25 basis points when…
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Silver Price Analysis: XAG/USD is susceptible; acceptance below $20.00 is expected.
Silver transitions into a bearish consolidation phase and trades in a constrained range at the $20.00 level. The technical configuration favors the possibility of extending the current, well-established decline. A slightly oversold RSI prevents bearish traders from making new bets…
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4 Global Market Updates- 9 March, 2023
In this article, we have covered the highlights of global market news about the USD/JPY, NZD/USD, EUR/USD and GBP/USD. USD/JPY might potentially make a move to 138.20 - UOB While we anticipated that the US Dollar would increase yesterday, we believed 138.20…
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The USD/JPY hangs in the balance as vital US data is released.
The US dollar slightly declines from three-month highs. Investor attention is currently on the Nonfarm Payrolls employment report for February. Therefore USD/JPY remains steady. The USD/JPY pair is unchanged at 137 and trading within its daily range of 136.47 to…
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GBP/USD Price Analysis: The decline has resumed as yields rise on worries of higher Fed rates.
The likelihood of higher Fed rates has pushed US yields higher, and the GBP/USD exchange rate has resumed its downward trend. Powell of the Fed believes that lowering inflation will need a higher terminal rate than previously thought. The S&P…
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