x
M e x M o n e y

info@mexmoney.com

Mex Money Help Center
Search

Updates:

Save up to 30%* on our Merchant Card Processing.

More Details

Dear Customer, We have launched AI powered KYC & KYB facility for New customer account opening.

logo

Archive for August, 2023

Banking Capital Markets Forex
August 30, 2023
By admin

GBP/JPY Price Analysis: Bounces off nearby support line but recovery remains elusive below 185.50

GBP/JPY renews intraday high to 184.60 as it reverses the previous day’s pullback from the weekly top heading into Wednesday’s London open. In doing so, the cross-currency pair recovers from a three-week-old rising support line while tracing the Treasury bond yields. However, sluggish oscillators and multiple technical hurdles toward the north prods the GBP/JPY bulls. […]

Continue Reading
Banking Capital Markets Commodities Energy Commodities Forex Technical Analysis
August 30, 2023
By admin

USD/CAD looks to regain 1.3600 despite firmer Oil price as US Dollar rebounds ahead of key data

USD/CAD consolidates the biggest daily loss in a month while posting mild gains around 1.3575 ahead of Wednesday’s European session. In doing so, the Loonie pair prints the first daily run-up, so far, despite upbeat prices of Canada’s main export item, namely the WTI crude oil. The reason could be linked to the US Dollar’s recovery ahead […]

Continue Reading
Banking Capital Markets Forex Technical Analysis
August 30, 2023
By admin

EUR/GBP oscillates in a narrow range above the 0.8600 mark, German CPI eyed

The EUR/GBP cross remains confined in the 0.8597-0.8607 range during the early European session on Wednesday. Market players await the release of the preliminary German Consumer Price Index for August. The cross currently trades around 0.8604, unchanged for the day.  The weaker-than-expected economic data from the Eurozone might convince the European Central Bank (ECB) to pause interest rates at its next […]

Continue Reading
Banking Capital Markets Finance Forex Technical Analysis
August 30, 2023
By admin

EUR/USD Price Analysis: Euro retreats from 1.0890 key hurdle ahead of German inflation, US employment clues

EUR/USD reverses from weekly top while posting the first daily loss in three around 1.0860 heading into Wednesday’s European session. In doing so, the Euro pair marks the trader’s positioning for today’s top-tier German and the US data while taking a U-turn from a convergence of the 100-SMA and a downward-sloping resistance line from mid-July. […]

Continue Reading
Banking Capital Markets Forex Technical Analysis
August 30, 2023
By admin

GBP/USD retreats on US Dollar recovery, trades near 1.2630

GBP/USD trades lower around 1.2630 on the back of a recovery in the US Dollar (USD), which could be attributed to the improvement in US Treasury yields snapping a two-day losing streak. The US Dollar Index (DXY), which measures the performance of the Greenback against the six other major currencies, trades higher around 103.60 at the time of […]

Continue Reading
Capital Markets Commodities Technical Analysis
August 30, 2023
By admin

Gold Price Forecast

Gold Price (XAU/USD) lacks upside momentum at the highest level in three weeks, making around to $1,937-38 of late, as traders seek more clues to confirm the dovish bias about the US Federal Reserve (Fed) that gained momentum after the previous day’s downbeat US data. Also challenging the XAU/USD bulls could be the mixed concerns […]

Continue Reading
Capital Markets Commodities Energy Commodities Technical Analysis
August 30, 2023
By admin

Natural Gas Price News: XNG/USD prints five-day uptrend near $2.80 despite US Dollar’s corrective bounce

Natural Gas Price (XNG/USD) remains on the front foot for the fourth consecutive day, up 0.80% intraday near $2.80 by the press time of early Wednesday in Europe. In doing so, the energy instrument struggles to justify the recent corrective bounce in the US Dollar Index (DXY) after it posted the biggest daily loss in six weeks. […]

Continue Reading
Capital Markets Commodities Energy Commodities Technical Analysis
August 30, 2023
By admin

WTI gains traction above $81.10 amid the USD weakness, Hurricane Idali, eyes on US key data

Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around the $81.18 mark so far on Wednesday. WTI prices gain momentum amid the weakening of the Greenback after the release of US economic data. However, investors will closely monitor the impact of Hurricane Idalia, which will probably hit Florida this week. Following the […]

Continue Reading
Capital Markets Commodities Technical Analysis
August 29, 2023
By admin

Crude Oil Futures: Further consolidation in the pipeline

Considering advanced prints from CME Group for crude oil futures markets, open interest increased for the third consecutive session on Monday, now by around 1.4K contracts. Volume, instead, nearly halved from the previous day and dropped by around 431.3K contracts. WTI appears consolidative around $80.00 Price action around WTI gyrated around the $80.00 mark per barrel on […]

Continue Reading
Capital Markets Commodities Technical Analysis
August 29, 2023
By admin

Gold Futures: Recovery looks exhausted

Open interest in gold futures markets dropped for the third straight session, this time by just 84 contracts on Monday according to preliminary readings from CME Group. Volume followed suit and shrank by around 53.5K contracts, reversing the previous daily build. Gold: Interim hurdle emerges around $1930 Gold prices started the week on a positive foot […]

Continue Reading

Popular Post

Awesome Image

Small Steps to Your
Better Future.

  • Business Banking
  • Personal Banking
Get Support

Reema Hussein

Senior HR Officer