Mexican Peso advances despite posting disappointing Retail Sales

The Mexican Peso posted solid gains against the US Dollar in early Monday trading during the North American session. Although Mexican Retail Sales data plunged, the Mexican currency edged up on Deputy Governor Irene Espinosa's hawkish comments last Friday.

Mon, 20 May 2024 12:27:11 -0400

European Major indices close higher

German DAX +0.33% France CAC +0.35% UK FTSE 100 +0.05% Spain's Ibex was 0.10% Italy's FTSE MIB -1.6% This article was written by Greg Michalowski at www.forexlive.com.

Mon, 20 May 2024 11:37:49 -0400

Pound Sterling Price News and Forecast: Pushes above 1.2700 as bulls remain in charge

Mon, 20 May 2024 11:10:55 -0400

Fed's Jefferson: Too early to tell if recent slowdown in disinflationary process will be long-lasting

Federal Reserve (Fed) Vice Chair of the Board of Governors Phillip Jefferson said on Monday that they will assess incoming data, evolving outlook and balance of risks to set appropriate stance of policy rate, per Reuters.

Mon, 20 May 2024 10:34:00 -0400

Oil Shows Weakness

Oil is losing about 0.75% of its peak on Monday, having hit a strengthening sell-off as it attempts to climb above $80/bbl WTI and $84/bbl Brent.

Mon, 20 May 2024 10:08:41 -0400

Natural Gas Price Forecast – Natural Gas Continues to Rally

The natural gas markets rallied again in the early hours of Monday, as we continue to see a lot of tension propel the market higher.

Mon, 20 May 2024 10:00:49 -0400

Crude Oil Price Forecast – Crude Oil Continues to See Resistance

The crude oil market continues to see a lot of noise, and the crash of the helicopter carrying the Iranian president only added to the potential noise and confusion. All things being equal, we are going to be in a situation where the market is more or less “buy on

Mon, 20 May 2024 09:51:37 -0400

US Dollar (DXY) Index News: Rangebound Trade Suggests Looming Volatility

Dollar traders should prepare for potential volatility as Fed officials continue to provide insights into their policy thinking.

Mon, 20 May 2024 09:42:11 -0400

Natural Gas News: Traders Anticipate Heat-Driven Test of 200-Day Moving Average

Reduced storage increases, lower production, and robust LNG exports are likely to support natural gas futures' upward trend in the short term.

Mon, 20 May 2024 09:16:54 -0400

Fed's Barr: Not confident to start easing monetary policy yet

Fed Vice Chair Michael Barr stated in a speech today that while inflation has decreased from its peak of 7.1% to 2.7%, it is “not yet all the way to 2% target. He noted that inflation readings for the first quarter were “disappointing,” as highlighted in FOMC's recent statement.

Mon, 20 May 2024 09:09:55 -0400

Fed's Barr: Fed in good position to hold steady and watch economy

Federal Reserve Vice Chair for Supervision Michael Barr said on Monday that the Fed is in a good position to hold the policy steady and watch the economy, per Reuters.

Mon, 20 May 2024 09:08:57 -0400

Fed's Bostic: Maybe only one rate cut this year

Atlanta Fed President Raphael Bostic stated in a BloombergTV interview today that it will take time before the Fed is confident that inflation will return to 2%. He reiterated his stance that “nothing has changed” regarding his view that perhaps only one rate cut will be necessary this year.

Mon, 20 May 2024 08:58:39 -0400

Australian Dollar Eyes RBA Minutes

The Aussie is coming off an excellent week, gaining 1.36% and hitting its highest level since January. In the month of May, AUD/USD has surged 3.4%.

Mon, 20 May 2024 08:41:14 -0400

Pound Shrugs After BoE's Broadbent Signals Rate cut

The markets are keeping a close eye on Wednesday's UK inflation report. April CPI is expected to fall all the way to 2.1%, down from 3.2% in March.

Mon, 20 May 2024 08:39:38 -0400

Mexico Retail Sales (YoY) dipped from previous 3% to -1.7% in March

Mon, 20 May 2024 08:00:53 -0400

Mexico Retail Sales (MoM) declined to -0.2% in March from previous 0.4%

Mon, 20 May 2024 08:00:37 -0400

Fed's Bostic: Fed is open to all possibilities on path of economy

In an interview with Bloomberg on Monday, Atlanta Federal Reserve Bank President Raphael Bostic said that it is going to take a while before they are certain that inflation is going back down to 2%.

Mon, 20 May 2024 07:57:45 -0400

Euro Struggles With $1.09 Cap But Finds Support in Risk Appetite

The week has got off to a subdued start for EUR/USD, with the Dollar likely to set the trading pace

Mon, 20 May 2024 07:00:06 -0400

US Dollar flat on Fed-packed start of the week

The US Dollar (USD) is starting the week as it closed off the previous week: with some easing. Equities are on the front foot this Monday while commodities are trading higher, pushing the Greenback into some easing.

Mon, 20 May 2024 06:45:00 -0400

Mexican Peso continues rallying after Banxico official's comments

The Mexican Peso (MXN) edges higher on at the start of the new week, continuing the steep rally witnessed in most MXN pairs on Friday, after the Deputy Governor of the Bank of Mexico (Banxico), Irene Espinosa, said she thought the Banxico should keep interest rates at their current high level (11.0%) as the battle with inflation was not yet over.

Mon, 20 May 2024 06:31:57 -0400