Blogs

The Mexican Peso extends its losses to three consecutive days against the US Dollar as risk aversion weighs on risk-perceived currencies like the Peso, which tested stir resistance at the 200-day Simple Moving Average (SMA) near 17.37.

The Euro (EUR) saw some gains on Wednesday, but still found room to the downside against the US Dollar (USD) as hotter-than-expected US Retail Sales triggered safety flows back into the US Dollar.

Gold price is on the back foot, losing more than 1% in the back-to-back trading sessions on Wednesday, as solid economic data from the United States (US) sent US yields rising while traders scramble to pare Federal Reserve’s rate cut bets.

The US Dollar (USD) reached a notable stride, trading at 103.50 while confidently deflecting the pressures of the 100-day SMA.

In Wednesday's session, the AUD/JPY was spotted at 96.97, gaining a subtle 0.10% gain, and it seems buyers remain in control with the daily chart appearing neutral to bullish and bulls proving their strength in the four-hour chart framework.

The Canadian Dollar (CAD) found some gains against most of its major currency peers, but saw further declines against the US Dollar (USD) on Wednesday after US Retail Sales ran hotter than markets anticipated.

GBP/USD Price Analysis: Remains under pressure above the 1.2600 mark, oversold RSI condition eyed The GBP/USD pair faces some selling pressure above 1.2600 during the early European session on Wednesday.

The Pound Sterling (GBP) registered decent gains versus the US Dollar (USD) on Wednesday after a solid report from the Office for National Statistics (ONS) outshone US Retail Sales data for December.

European stocks shed weight on Wednesday, dragging broad indexes down into the red and sending Germany’s DAX index into its lowest bids of the year thus far and challenging prices not seen since early December.

United States 20-Year Bond Auction increased to 4.423% from previous 4.21%