USD/MXN snaps a three-day losing streak, trading higher around 18.0700 during the Asian session on Tuesday, followed by the key resistance around the seven-day Exponential Moving Average (EMA) at 18.1310 lined up with the key level at 18.2000. A firm breakthrough above the barrier could open the doors for the USD/MXN pair to explore the […]

Indian Rupee (INR) trades flat on Tuesday amid multiple challenges. A pullback in US Treasury bond yields and lower oil prices lift the INR on the day. Nonetheless, the equity outflows might exert pressure on the INR as overseas investors sold $1.67B in Indian equities in October. Additionally, the challenges from the Middle East geopolitical […]

So far, the Euro (EUR) appears fragile vs. the US Dollar (USD), prompting EUR/USD to trade within a tight range around the mid-1.0500s in the wake of the opening bell in Europe on Friday. In the interim, the Greenback manages to keep the trade in the upper end of the weekly range near 106.70 when measured by […]

Facts: Trade: Long at the market price TP1: 0.90 TP2: 0.92 SL: 0.8550 Justification: Inflation in Australia surprised with a higher reading than expected. The annual CPI for Q3 came in at 5.4% YoY (down from 6.0% YoY, but above expectations of 5.3% YoY). Annual inflation for September accelerated from 5.2% y/y to 5.6% y/y. Traders point out […]

EUR/JPY cross has almost recovered its intraday losses, struggling below the session’s opening bid at 158.71 during the European trading hours on Thursday. The cross receives upward support ahead of the Monetary Policy Statement from the European Central Bank (ECB) due to be released later in the day. This Eurozone’s inflation levels surpass the ECB’s target and […]