Global Market Archives - The Fx Infinity

US Dollar vs Mexican Peso: USD/MXN Building A Breakout Pattern, Rate Decision Eyed Source: Daily FX US DOLLAR VS. MEXICAN PESO (USD/MXN) PRICE, ANALYSIS AND CHART: USD/MXN price action gearing up for the next move. Fibonacci support may be under threat. USD/MXN – MAKE OR BREAK AS INTEREST RATE DECISION NEARS The FX Infinity Provides Free Forex

EUR/USD May Break Down Despite Record 1.3 Trillion in ECB Cash Source: Daily FX Lower-than-usual trading volumes made for a relatively timid APAC trading session ECB announces record €1.3 trillion uptake of TLTRO program to support credit markets EUR/USD perched at support as technical studies suggest a further decline may be on the cards. ASIA-PACIFIC RECAP

USD/CAD Reversal from March Low Still in Focus Following BoC Testimony Source: Daily FX CANADIAN DOLLAR TALKING POINTS USD/CAD is little changed from the start of the week amid the limited reaction to the semi-annual testimony with Federal Reserve Chairman Jerome Powell, but recent developments in the Relative Strength Index (RSI) warn of a larger

GBP/USD recovers towards 1.2600 despite Brexit concerns Source:Fxstreet GBP/USD has resumed its advance and slowly approaches the 1.2600 level, backed by a renewed appetite for risk post-ECB. The BOE is ramping up preparations for a no-trade-deal Brexit amid deadlocked talks, somehow limiting the intraday rally.   At around 1.25, GBP/USD is over 100 pips below

FOREX-Dollar drifts as Fed’s Powell seen wading into negative rates debate. Source:Investing The dollar steadied below a three-week high on Wednesday as investors waited for a speech from Federal Reserve Chairman Jerome Powell after U.S. President Donald Trump called for the introduction of negative interest rates. Although some U.S. policymakers have spoken against negative interest

FOREX-U.S.-China trade progress boosts higher-risk currencies Source:Investing Currencies closely linked to global trade rose on Friday boosted by news that U.S. and Chinese negotiators had agreed to strengthen cooperation over a trade deal and as more governments slowly reopened their economies. Top U.S. and Chinese trade representatives discussed their Phase 1 trade deal on Friday

FOREX-Euro dips to 2-week low, Turkish lira weakest on record. Source:Investing The euro dipped to its lowest level in almost two weeks on Thursday, on nagging concern over the direction of the European Central Bank’s stimulus scheme following a German court ruling earlier this week. Turkey’s lira fell to a record low of 7.25 per

FOREX-Euro falls amid worries about ECB bond-buying. Source:Investing The euro resumed its fall on Wednesday and the Japanese yen reached a seven-week high against the U.S. dollar after a court decision challenging German participation in the euro zone’s stimulus programme. Germany’s highest court on Tuesday gave the European Central Bank three months to justify purchases

FOREX-Euro drops after German court ruling fuels uncertainty. Source:Investing The euro weakened across the board on Tuesday after a German constitutional court ruled that the Bundesbank must stop buying government bonds if the European Central Bank cannot prove those purchases are needed. The decision did not apply to the ECB’s latest pandemic-fighting programme, a 750

FOREX-Dollar surges on worries that US-China trade war will resume. Source:Investing The U.S. dollar surged against most major currencies on Monday amid fears that last year’s U.S.-China dispute will be re-ignited, this time over the novel coronavirus. U.S. President Donald Trump and Secretary of State Mike Pompeo have pinned the blame for the pandemic on