AUD/USD turns negative after hitting highest level since June
US Dollar gains momentum during the American session as US yields move higher. Markets wobble after US economic data, ahead of central banks meetings next week. AUD/USD drops after a four-day positive streak. The AUD/USD dropped from the highest level since June during the American session after the US Dollar gained momentum. The pair peaked […]
Gold is set for the highest weekly close since April, what’s next
gold daily chart The gold bulls are certainly having a moment. At the start of December, as I always do, I highlighted the seasonal trend towards higher gold. Once again, it worked and remains the single-best seasonal trade I know of. It’s been a ticket to start the year off with a solid gain forever. […]
Mexican peso hits its highest level in a month, looking at 19.00
US Dollar remains weak against Emerging Markets currencies. USD/MXN testing 2022 lows near 19.10, closer to 19.00. Bearish pressure to alleviate above 19.50 The USD/MXN is falling again on Tuesday as it continues to move with a bearish bias, approaching the 19.00 psychological area. Earlier today it bottomed at 19.08, the lowest level in a […]