USD/MXN has broken below a key consolidation range, forming a bearish rounding top pattern and signaling further downside risks toward multi-month lows, Société Générale’s FX analysts note. Rebound likely capped below 19.85 “USD/MXN broke the lower limit of a multi-month consolidation and has formed a rounding top pattern which generally points towards potential downside. It […]
JD Sports’ recent trading performance JD Sports Fashion PLC is set to release its full-year FY25 results and Q1 FY26 update on Wednesday, May 21, 2025. Investors will be closely monitoring the report following the company’s earlier profit warnings and ongoing market headwinds. The company has guided for FY25 pre-tax profit before adjusting items to be
The USD/CAD price analysis shows strength in the Canadian dollar. Economists are predicting a 0.1% decrease in Canada’s inflation. Market participants are watching fiscal developments in the US. The USD/CAD price analysis shows strength in the Canadian dollar ahead of crucial inflation figures from Canada. Meanwhile, the dollar remained fragile after a credit rating downgrade
2025.05.20 2025.05.20 Yen Retains Its Positive Bias. Forecast as of 20.05.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Despite Tokyo’s efforts to assure markets of its stance against currency intervention, investors continue to discuss the matter. The USDJPY pair is sliding, and Washington’s intention to strengthen the yen is not the sole factor contributing to this trend. Let’s discuss this
Zain Vawda Market Analyst Zain is an experienced financial markets analyst and educator with a rich tapestry of experience in the world of retail forex, economics, and market analysis. Initially starting out in a sales and business development role, his passion for economics and technical analysis propelled him towards a career as an analyst. He
Gold price stays sidelined The spot gold price has been range trading in low volatility these past few days and trades close to minor support seen at the 1 May low at $3,202.00 per troy ounce. While the $3,208.00-to-$3,202.00 support zone underpins on a daily chart closing basis, a rise towards the $3,300.00 area may unfold.
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Aussie softened modestly following the RBA’s widely expected 25bps rate cut to 3.85%. But selling was contained as broader market sentiment remained supportive. While the move itself was no surprise, the updated economic forecasts leaned dovish, notably with headline CPI now seen at just 3.0% by year-end, down from the previous 3.7% projection. This downward
European markets extend winning streak European equity markets commenced the new week with a third consecutive session of gains, bolstered by strong corporate earnings and a landmark agreement between the United Kingdom (UK) and the European Union (EU). This agreement aims to reset relations between the UK and the EU five years after Brexit. By
It takes a market-wide crisis to know how stable the underlying pipework is that supports it. In the $7.5 trillion foreign exchange market, the measure of its stability is liquidity. This was put to the test last month, as intraday volatility triggered by president Donald Trump’s tariff announcements on April 2 resulted in an explosion
The Australian Dollar falls as the Reserve Bank of Australia implements 25 basis point rate cut. The People’s Bank of China cut its one-year Loan Prime Rate to 3.00% from 3.10% on Tuesday. The US Dollar weakened following Moody’s downgrade of the US credit rating from Aaa to Aa1. The Australian Dollar (AUD) dips against
0800 GMT / 0400 US Eastern time: Bank of England Chief Economist Huw Pill gives a speech at Barclays briefing ‘The monetary policy outlook’ The Bank of England have been cutting its Bank Rate. The next meeting is due 19 June 2025. Perhaps we’ll get some guidance on the next likely move from Pill later.
USD/CAD weakens to around 1.3950 in Tuesday’s early Asian session. Moody’s downgrades the US credit rating to ‘AA1’, weighing on the US Dollar. A dovish turn from the BoC has fueled speculation of a June rate cut. The USD/CAD pair softens to near 1.3950 during the early Asian session on Tuesday. The Greenback edges lower
Fed’s Bostic: Thinks current US rates are mildly restrictive. Is sticking with his one rate cut view or 2025, but does depend on how the tariff situation plays out Hope that as the summer progresses, will get more clarity This article was written by Greg Michalowski at www.forexlive.com. Source link
On pace for its best six-monthly performance in over four years, 2025 has proven an interesting year for GBP/USD. In today’s session, GBP/USD trades higher on renewed trade policy optimism and a weaker dollar. Key Takeaways Following the announcement of a major UK-EU trade deal this morning, GBP/USD trades +0.49% higher in today’s session, at
