Gold prices have posted a sharp rally over the last two days, appreciating nearly 3% after bouncing at $1661 on Tuesday, to hit a five-day high at $17
Blogs
Canada: Annual inflation at its lowest in 5 years – NFB
Data released on Wednesday, showed the Consumer Price Index in Canada dropped 0.6% in March and the annual rate ticked down to 0.9%, lower than market
Banxico: More aggressive easing is warranted, rate at 3.0% by year-end – BBVA
On Tuesday, the Bank of Mexico (Banxico) cuts its key interest rate by 50bp to 6.0% in an unscheduled meeting. Analyst Javier Amador and Carlos Serran
GBP/USD Price Analysis: Pound stabilizes above 1.2300 figure
GBP/USD consolidates the recent bull-run as the spot is stabilizing above the 1.2300 figure.
SNB playing a role in reducing CHF strength – MUFG
Analysts at MUFG Bank point out that the Swiss National Bank (SNB) has been in the markets keeping the EUR/CHF pair above 1.0500. Key Quotes: “Based o
USD/MXN jumps to highest in two weeks above 24.50
The USD/MXN gained momentum after the beginning of the American session and jumped from the 24.20 support area to 24.62m reaching the highest level si
USD/JPY pares early losses, turns flat on the day near 107.80
The USD/JPY pair fell to 107.50 earlier in the day and went into a consolidation phase as the upbeat market mood made it difficult for the JPY to find
EUR/USD turns lower to test support area at 1.0815
The EUR/USD recovery attempt seen on Wednesday’s early trading has been short-lived, as the pair turned lower after peaking at 1.0885 to give away pre
S&P 500 Price Analysis: US stocks rebounding from 7-day lows, approaching 2800 mark
The S&P 500 dipped down in the previous session, however, bulls are already back in nearing the 2800 resistance. A break of which would lead to further advance
Kuwait: 2020 GDP to contract by 6.3% – Standard Chartered
Economists at Standard Chartered expect 2020 GDP to contract by 6.3% y/y (1% growth prior), mainly on OPEC++ oil output cuts. USD/KWD trades at 0.312.