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Mexican Peso tumbles brushes aside broad US Dollar weakness across the board

The Mexican Peso (MXN) dropped for the second straight day versus the US Dollar (USD) as trade war fears began to fade.
New
update2025.02.06 03:37

US Dollar struggles as mixed data weighs on sentiment

The US Dollar Index (DXY), which measures the USD against a basket of currencies, struggled to recover losses on Wednesday and declined against most major peers.
New
update2025.02.06 03:29

Dow Jones Industrial Average grinds higher on Wednesday

The Dow Jones Industrial Average (DJIA) climbed 120 points on Wednesday, bolstered by a general improvement in market sentiment.
New
update2025.02.06 02:56

ECB's Centeno: May need to go below neutral to sustain inflation

European Central Bank (ECB) Governing Board Member Mario Centeno noted that deflationary pressures within the European economy are becoming a concern for policymakers.
New
update2025.02.06 01:36

EUR/USD Price Analysis: Pair extends gains above 20-day SMA, sustaining bullish momentum

The EUR/USD pair continued its bullish advance on Wednesday, rising by 0.39% to 1.0420 as buyers maintained control.
New
update2025.02.06 01:13

GBP/USD surges amid easing US trade tensions, ahead of BoE's decision

The Pound Sterling remains bid for the third consecutive day, edges up 0.34% as the GBP/USD trades at 1.2519 above the 50-day Simple Moving Average (SMA) at 1.2501.
New
update2025.02.06 00:09

US ISM Services PMI declines to 52.8 in January vs. 54.3 expected

The economic activity in the US service sector continued to expand in January, albeit at a softer pace than in December, with the ISM Services PMI declining to 52.8 from 54.
New
update2025.02.06 00:03

Silver Price Forecast: XAG/USD gives up gains after upbeat US ADP Employment data

Silver price (XAG/USD) surrenders almost its entire intraday gains and falls back to near $32.00 in Wednesday's North American session.
New
update2025.02.05 23:43

NZD/USD Price Forecast: Posts fresh weekly high near 0.5700

The NZD/USD pair posts a fresh weekly high near 0.5700 in Wednesday's North American session.
New
update2025.02.05 22:48

BoE expected to cut 25bps Thursday - Scotiabank

Final January UK PMI data were revised lower but both Services and Composite activity remained in expansion territory (at 50.8 and 50.6 respectively), Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
update2025.02.05 22:19

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