Eyes $80.00 amid US-Iran tensions, mixed technical setup

Eyes .00 amid US-Iran tensions, mixed technical setup

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – builds on the previous day’s modest bounce from levels just below the mid-$77.00s and gains some follow-through positive traction during the Asian session on Tuesday. The commodity climbs to a fresh daily high in the last hour, with bulls now eyeing a move […]

New Zealand Dollar softens below 0.5900 on US-Iran talks uncertainty, stronger US PMI data

New Zealand Dollar softens below 0.5900 on US-Iran talks uncertainty, stronger US PMI data

The NZD/USD pair loses traction to near 0.5870 during the Asian trading hours on Tuesday, pressured by stronger US economic data and safe-haven flows. Traders brace for New Zealand’s employment report, which will be published later on Wednesday.  Business activity in the US manufacturing sector expanded at an accelerating pace in July, with the Institute for […]

Australian Dollar slides to 0.70 as US ISM PMI, revives the US Dollar

Australian Dollar slides to 0.70 as US ISM PMI, revives the US Dollar

The Aussie Dollar retraces despite an overall risk-on mood as the US Dollar recovers some ground, sponsored by positive data, and easing geopolitical tensions in the Middle East. The AUD/USD trades at 0.7000 after reaching a daily high of 0.7050. AUD/USD retreats from session highs as stronger US factory data offsets risk-on mood Progress in […]

Mexican Peso outpace broad US Dollar strength, ahead of Banxico’s day

Mexican Peso outpace broad US Dollar strength, ahead of Banxico’s day

The Mexican Peso gains ground versus the US Dollar on Monday as risk appetite increases the carry-trade appeal of the emerging-market currency, while traders await the release of the Bank of Mexico (Banxico) monetary policy meeting late this week. The USD/MXN trades at 17.32, down 0.14%. USD/MXN falls on improved risk appetite; Mexico’s stronger growth […]