According to analysts at Wells Fargo, Mexico will likely face more credit rating downgrades that could lead to capital outflows in the future. They wa
Blogs
EUR/USD: Downside risks for euro have eased, but upside potential remains limited for now – MUFG
Analysts at MUFG Bank, point out the Eurozone economy is beginning to pick-up, but hey warn the outlook remains highly uncertain. They see the downsid
USD/CAD: Oil still holding back CAD gains – CIBC
Analysts at CIBC see the USD/CAD pair to still be hovering around 1.41 by the end of next year, held back by Canada’s trade imbalance. Key Quotes: “Oi
EUR/USD Price Analysis: The euro fails to break above the horizontal channel
The euro opened the week on a strong footing, buoyed by a positive market mood as the main economies started easing coronavirus lockdowns. The pair a
GBP/JPY: Further downside scope for the pound on negative rate speculation – MUFG
Analysts at MUFG Bank consider a good trade idea to short GBP/JPY around 131.85, with a target at 126.60 and a stop loss at 134.10. Key Quotes: “We st
USD/MXN resumes slide and hits fresh two-months lows at 22.70
The recovery of the USD/MXN pair was short-lived and it turned again to the downside after reaching 23.15. During the American session, it dropped to
Canada: Parts of economy to operate well below capacity until a vaccine is developed – TDS
"As Canada begins to lift emergency measures, the focus shifts from the peak economic impact under lockdown to how reopening will proceed," TD Securit
US to test experimental coronavirus vaccines in 100,000 people or more – Reuters
The United States is planning to test "half a dozen or so" of the most promising potential coronavirus vaccines with 100,000 to 150,000 volunteers, Re
WTI oil ticks up beyond $33 as US oil rigs decline for the 10th consecutive week
Crude oil prices have crawled higher, returning to prices right above $33 on Friday after Baker Hughes reported that the number of US active oil rigs
AUD/JPY Price Analysis: Aussie retreats to the 70.00 level vs. Japanese yen
AUD/JPY is retreating after hitting 2.5-month highs this week. The market is challenging the 70.00 support level while trading above the main SMAs. A break bel