mjwcn

USD/CHF closes Friday up 0.04%, but logs 1.37% weekly drop to 1-month low at 0.8054.Bearish structure persists: lower highs/lows and weak RSI signal continued downside momentum.Key support lies at 0.8054 and 0.8038; breach may expose psychological 0.8000 level.Bulls need a break above 0.8147 to chal

GBP/USD drops over 0.40%, pressured by weak UK data and BoE-Fed policy divergence favoring Dollar strength.Israel strikes Iranian nuclear and military sites; Iran retaliates with drone barrage, fueling global risk-off mood.US Dollar rallies on safe-haven flows and upbeat University of Michigan senti

Strong momentum could outweigh oversold conditions, but any further decline in US Dollar (USD) may not reach 142.20 today. In the longer run, not only has the likelihood of a recovery dissipated, but the chance of USD declining to 142.20 has also increased, UOB Group's FX analysts Quek Ser Leang and

Several pieces of bullish news converged on oil on Wednesday, causing prices to jump more than 6% during the day, but a 3% pullback on Thursday shows that bears are still in charge. Among the important drivers for oil at the end of the day on Wednesday were reports of the evacuation of part of the U

USD/MXN has broken decisively below its multi-month range base near 19.85/20.00, confirming a rounding top and exposing the pair to deeper downside. Prices are now approaching a key support trend line near 19.00/18.90—failure to hold here risks acceleration toward 18.60 and even 18.15. A short-term

European stocks struggle.Friday’s US jobs data key ahead of upcoming CPI release.Chinese exports and inflation highlight ongoing concerns. An uncertain start to the week for European markets, as traders struggle to find the same optimism that dominated the Asian session. Looking at the source of thi

Russia's central bank on Friday cut its sky-high interest rates for the first time since September 2022, in a sign that inflation pressures — not long ago described by President Vladimir Putin as "alarming" — are beginning to ease. The Bank of Russia took rates down by 100 basis points to 20%. They

Politics Germany will no longer block France’s efforts to classify nuclear energy as a renewable source of energy in EU legislation. Instead, the country is exploring ways to join France’s nuclear weapons shield as a deterrent against potential future Russian aggression. Chancellor Friedrich Merz is

The U.S. Dollar remains weak near year-to-date lows, lacking momentum for an upside move ahead of Friday’s crucial NFP report.Key economic data this week, ISM PMIs and ADP employment, could influence the Dollar’s direction, with NFP acting as the decisive factor for rate cut expectations.A weak Doll

The Mexican Peso keeps firm against the USD Dollar, marking a fresh year-to-date high.US markets remain closed for Memorial Day, with low liquidity expected throughout the day.USD/MXN faces renewed pressure, testing 19.20 as focus shifts to Friday’s US PCE print. The Mexican Peso (MXN) is experienci