Author: FX

Mexican Peso tanks as USD/MXN rises over 1.50% weekly, reaching new yearly highs. US Dollar Index climbs as Treasury yields jump, boosting Greenback strength. Mexican economic data shows resilience, but US elections add uncertainty for emerging market currencies. The Mexican Peso depreciated sharply against the Greenback on Friday and recorded new yearly highs of 20.29, above the former 20.22 peak late in the North American session, set to print weekly losses of over 1.50%. A busy schedule on both sides of the Bravo River saw upbeat figures in Mexico. Conversely, US job data was dismal, while manufacturing activity was contracted. The…

Nina S. Kjellson, a director at Tyra Biosciences, Inc. (NASDAQ:TYRA), has recently sold a significant portion of her holdings in the company. According to a recent SEC filing, Kjellson sold shares over several transactions between October 30 and November 1, 2024. The total value of the shares sold was approximately $2,282,656, with transaction prices ranging from $16.169 to $17.1594 per share. The sales involved shares held indirectly by Canaan XI L.P. and 2020+ Co-Investment L.P. – Series 7. Following these transactions, Kjellson’s remaining holdings in Tyra Biosciences are substantial, indicating continued investment in the company. Investors will be watching closely…

US Dollar retreated after posting solid gains in recent weeks. Nonfarm Payrolls increased by 12,000 in October, falling short of market expectations. Markets remain almost fully pricing in a 25 bps cut by the Fed next week. The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, rebounded intraday despite the weak jobs data as annual wage inflation rose to 4%, indicating that inflationary pressures remain elevated. In the meantime, markets remain almost fully expecting a 25 basis-point-cut by the Federal Reserve (Fed) next week. On the data front, ISM PMIs also…

AUD/USD declines due to modest US dollar gains after a packed economic calendar. Weak Chinese PMIs weigh on the Australian Dollar. RBA expected to maintain a hawkish stance, supporting AUD/USD, but concerns over China’s economy linger. The AUD/USD pair declined by 0.40% to 0.6560 in Friday’s session, pressured by a modest US dollar recovery and skepticism surrounding China’s economic stimulus initiatives. Weak manufacturing data from China, as indicated by the Purchasing Managers’ Index (PMI) figures, has weighed on the Australian Dollar, which is heavily influenced by China’s economic health. Despite expectations of a hawkish stance from the Reserve Bank of…

Markets:Gold down $10 to $2734US 10-year yields up 10 bps to 4.38%WTI crude oil up 20-cents to $69.46S&P 500 up 0.4%GBP leads, CHF lagsThe crosscurrents in markets continued on Friday as we count down to the US election. It’s tough to separate moves based on economic data from election de-risking and election positioning. The tension is undoubtedly ramping up and betting odds shifted back towards Harris more-recently, adding a wrinkle.The main event of the day was non-farm payrolls and the reading was just +12, far short of +113K expected and the US dollar immediately fell hard, 40 to 90 pips,…

NZD/JPY has been trading sideways recently, with mixed signals from technical indicators. The pair is currently supported at 90.70 and faces resistance at 91.90. There are some signs of bearish momentum mounting which could threaten the 20-day SMA. Friday’s trading saw the NZD/JPY pair continue its sideways movement of the past sessions. The pair exhibits a range-bound pattern with no significant upward or downward spikes. By the end of the week the cross mildly rose to 91.20, but the outlook remains neutral. Technical indicators provide mixed signals regarding the NZD/JPY’s future direction. The Relative Strength Index (RSI) sits at 53,…

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…

Intel stock has its best performance in some time. INTC shares lifted 8% by better Q4 guidance. Intel misses on bottom line with $-0.46 loss in Q3 Revenue was benefited by AI and Edge computing.   Intel (INTC) stock surged more than 8% on Friday after the embattled legacy semiconductor firm announced major progress on its plan to trim $10 billion in cost reductions in 2025 while releasing results for the third quarter. Intel missed on the bottom line, but the market is rewarding INTC shares due to its improving Q4 outlook and better topline result for Q3. The Dow…

There was a popular theory among central bankers coming out of the post-covid inflation shock: That the world had changed.The overwhelming line of thought is that we would never get back to ZIRP or negative interest rates and that the neutral rate was higher. I’ve yet to hear a compelling reason for why that is, particularly in a world that’s about to be disrupted by AI.Yes, there’s the deglobalization talk but that’s vastly overstated and I don’t find any demographic arguments compelling. In July, I argued that it was time to buy bonds because of all this and they then…

Dow climbs 0.71%, rebounding as softer data fuels rate-cut speculation. S&P 500 and Nasdaq follow, both gaining over 0.6% amid broad optimism. Amazon shines with 6.5% rise; Apple lags with 1.5% drop on weak China sales. The Dow Jones Industrial Average (DJIA) posted solid gains of close to almost 300 points or 0.71% on Friday, on softer-than-expected economic data, reinforcing investors’ hypothesis of further easing by the Federal Reserve. Wall Street made a U-turn following Thursday’s losses and rallied sharply ahead of the weekend. Data revealed by the US Bureau of Labor Statistics (BLS) showed that strong hurricanes and union…