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 […]
Dollar hits four-week high on strong employment data By Reuters
© Reuters. FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. REUTERS/Lee Jae-Won By Karen Brettell NEW YORK (Reuters) – The hit a four-week high on Thursday after data pointed to a strong jobs market, supporting the prospect that the Federal Reserve could keep up […]
SPX500 Impulsive Trend Hits 5,000!
The SPX500 index seems to form a wave V of a bullish impulse consisting of cycle sub-waves I-II-III-IV-V. The cycle correction wave IV ended in the second half of September last year. It looks like a triple zigzag of the primary degree Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. In the near future, the price could continue higher above the maximum […]
Chinese yuan hits 4-mth high on reopening cheer, U.S. payrolls awaited By Investing.com
© Reuters. By Ambar Warrick Investing.com — The Chinese yuan jumped to a four-month high on Friday as markets bet on a strong economic boost from China reopening its borders this month, while broader Asian currencies were flat as focus turned to key U.S. payrolls data for more cues on the economy. The was among the […]