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The Mexican Peso (MXN) weakened modestly against the US Dollar (USD) on Thursday as resilient US labor-market data reinforced expectations that the Federal Reserve may need to maintain a restrictive monetary policy stance. Praxes Group’s brokers shed more light on this topic in the article that follows. The USD/MXN pair trades near 16.97, up approximately...

The Australian Dollar (AUD) extended its winning streak on Friday, with AUD/USD trading around 0.7200 during Asian hours as investors increased bets that the Reserve Bank of Australia (RBA) could resume monetary tightening sooner than previously expected. The latest strength in the currency reflects a combination of strong domestic inflation, shifting interest-rate expectations, and a...

West Texas Intermediate (WTI) crude oil is pulling back after posting gains in the previous two trading sessions, with prices trading near $82.20 during European hours. The decline comes as the market reassesses short-term momentum following WTI’s inability to maintain its position above the nine-day Exponential Moving Average (EMA). The following article explores the topic...

The New Zealand dollar (NZD) strengthened against the US dollar on Friday, with NZD/USD trading near 0.5960 during Asian hours as investors reassessed the outlook for Reserve Bank of New Zealand (RBNZ) monetary policy. Praxes Group’s brokers take a deeper dive into the subject in this article. The Kiwi has benefited from a more hawkish...

Gold (XAU/USD) came under renewed selling pressure during Friday’s early European session, slipping below the psychologically important $4,600 level as investors reassessed the outlook for US monetary policy. The retreat follows a pullback from a three-month high, with stronger expectations for Federal Reserve tightening reducing some of the appeal of the non-yielding precious metal. In...

The GBP/USD pair is holding steady near 1.3590 during Friday’s early European session as traders reassess the outlook for Bank of England (BoE) and Federal Reserve (Fed) monetary policy.  The Pound has recently come under pressure, but the latest price action suggests that the decline may be losing momentum rather than developing into a deeper...

The GBP/USD pair is holding steady near 1.3590 during Friday’s early European session as traders reassess the outlook for Bank of England (BoE) and Federal Reserve (Fed) monetary policy.  The Pound has recently come under pressure, but the latest price action suggests that the decline may be losing momentum rather than developing into a deeper...

The EUR/JPY cross remains firmly supported after posting modest gains in the previous session, trading around 185.80 during Asian hours on Friday. Price action continues to reflect a bullish technical bias, with the cross holding above the 185.50 area and remaining inside an ascending channel on the daily chart. Praxes Group’s brokers provide further insight...

The Canadian Dollar (CAD) is consolidating against the US Dollar (USD), with USD/CAD holding near 1.3850 in Friday’s early European session as traders reduce directional exposure ahead of Federal Reserve Chair Kevin Warsh’s Jackson Hole speech. Praxes Group’s brokers delve deeper into this topic in the article below.  The pair remains close to recent highs,...