ECB’s Nagel: We must be cautious about future rate moves

European Central Bank (ECB) policymaker and Bundesbank Chief Joachim Nagel warned on Monday that “we must be cautious about future rate moves.” Further comments Rates are on a mountain ridge, not a peak.

Oil jumps on Monday with bearish positioning unwinding

Oil prices have a change of heart with the US session underway on May, with the West Texas Intermediate (WTI) benchmark trading in the green,  while dust settles over elections in the European Union that saw an advance from far-right parties. Even

Mexican Peso finds a floor after an 8.0% decline last week

The Mexican Peso (MXN) makes a marginal recovery on Monday after losing over 8.0% in the previous week in its most heavily traded pairs.

US Dollar clings on to gains with Europe hangover after EU elections

The US Dollar (USD) is locking in gains against most of its major peers, with antipodes Aussie Dollar (USD/AUD) and New Zealand Dollar (USD/NZD) as outliers, after Nonfarm Payrolls data on Friday. The main driver for the second leg higher comes

Gold pulls back after US-data inspired drop

Gold (XAU/USD) price takes a breather on Monday after sliding almost three and a half percentage points on Friday after the release of better-than-expected US Nonfarm Payrolls (NFP) data.

Canadian Dollar flatlines against Greenback ahead of US CPI and Fed decision super Wednesday

The Canadian Dollar (CAD) is holding flat against the Greenback to kick off another trading week as momentum in the CAD space remains thin.

Dow Jones Industrial Average churns as investors look ahead to midweek Fed appearance

The Dow Jones Industrial Average (DJIA) is churning chart paper on Monday, paddling around 38,750.00 as investors look for a reason to recover footing after last Friday’s Nonfarm Payrolls (NFP) rout that saw broad-market rate cut hopes wither on the vine.

US Dollar extends gains as markets await Fed and CPI figures

On Monday, the US Dollar Index (DXY) saw a hike, moving further up toward the 105.23 area, following the streak from Friday's rally.

Mexican Peso counterattacks and rallies ahead of AMLO-Sheinbaum meet

The Mexican Peso stabilized against the US Dollar on Monday, following remarks from outgoing President Andres Manuel Lopez Obrador.

AUD/USD halts the downside, Wednesday's Fed decision and US CPI will define the short-term trayectory

On Monday, the AUD/USD pair experienced a slight rebound toward the 0.6605 area as sellers took profits after Friday’s sharp downward movements.