Author: FX
A Reuters poll revealed that on March 27, Banco de Mexico (Banxico) is expected to cut interest rates by 50 bps amid the evolution of the disinflation process and an ongoing economic slowdown. Economists expect rates to get as low as 8.25% in 2025 Of 25 economists, 23 expect the central bank to lower borrowing costs by 50 bps, from 9.50% to 9.00%. The other two economists estimate the Mexican central bank will keep rates unchanged. This would be the second rate cut of that size, following February’s meeting in which the Governing Council approved reducing the main reference rate…
NZD/USD was seen around the 0.5730 zone, posting modest daily losses ahead of the Asian session. The pair is testing a key confluence of the 20 and 100-day moving averages, with downside risks emerging below this area. During Friday’s session ahead of the Asian open, NZD/USD declined modestly and was last seen hovering around the 0.5730 area. The pair remains under pressure after sellers stepped in earlier in the day, with price action now centered around the convergence of the 20-day and 100-day Simple Moving Averages—a key technical juncture for the short-term outlook. The Relative Strength Index (RSI) has sharply…
AUD/JPY was seen trading around the 93.70 zone, recording its third consecutive day of mild losses. Despite the negative streak, the pair continues to hold above the 20-day SMA, suggesting downside may be limited. Momentum indicators remain soft; RSI stays in negative territory while MACD shows flat green bars. On Friday’s session the AUD/JPY edged slightly lower and was seen trading in the 93.70 area. The pair has now posted three straight sessions of mild declines, though it remains above a key support level. Price action shows some hesitation from sellers, as bulls attempt to defend the 20-day Simple Moving…
AUD/USD trades near the 0.6270 region, failing to recover ground amid persistent USD strength. A soft Australian labor market report and safe-haven demand for the US Dollar continue to weigh on the Aussie. Technical indicators point to further downside as the pair remains below key moving averages. The AUD/USD pair remained depressed during the American session below the 0.6300 barrier as a stronger US Dollar (USD) and disappointing employment data from Australia continued to weigh. Technical signals have turned increasingly bearish, as indicators deteriorate and price action breaks below important moving averages. Daily digest market movers: Australian Dollar softens as…
Rhinebeck Bancorp (NASDAQ:RBKB) announced that president and chief executive officer Michael J. Quinn will retire. Quinn will remain as president and CEO until the earlier of when a successor is found or the end of the year. Source: Press release More on Rhinebeck Bancorp Source link
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The Dow Jones waffled near 42,000 as equities trim gains on Friday. Despite a lack of noteworthy data, equities are reeling under the pressure of expiries. President Trump hinted at “flexibility” in upcoming tariffs as the pivot begins anew. The Dow Jones Industrial Average (DJIA) saw an uptick in volatility on Friday, but settled close to where it started near 42,000 as investors grapple with deciding where to go next. Despite a relatively thin showing on the economic data docket, market sentiment remains tightly-drawn as traders wrestle with fresh inconsistencies from US President Donald Trump. Adding further pressure to equities,…
Market sentiment swung like a seesaw throughout the week, as investors worked around easing tensions between Russia and Ukraine, worsening Middle East conflict, and A BUNCH of central bank events. Safe-haven gold remained steady on its climb, taking advantage of persistent geopolitical & trade uncertainties, as well as downgrades to global growth forecasts. Here are the latest headlines and economic developments you need to know: This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™…
Mexican Peso slips amid rising bets on Banxico rate cut and global uncertainty. Mexico’s economic data disappoints with private spending plunging and activity estimates pointing to contraction in February. Banxico expected to cut rates by 50 bps on March 27 as inflation remains above target and GDP is revised down. US-Mexico trade tensions and Fed caution keep the USD/MXN buoyant with traders eyeing next week’s inflation and rate decisions. The Mexican Peso remained defensive against the US Dollar on Friday, fueled by fears about trade policies the United States (US) implemented amid a busy week in the central bank space.…
Diverging central bank moves, top-tier data releases, and renewed geopolitical tensions kept volatility elevated across FX markets. Source link