Allan J. Kuri Eguiarte, MBA, said that everything indicates that the next Mexican Hugo Chávez will win. “The EUR/MXN has reached its historical maximum and now when everything indicates that […]

A Fundamental surge occurred on all of the Japanse Yen’s charts, which was caused by the sudden surge of the Japanese currency on Wednesday. One of the many explanation to […]

The slight period of consolidation during the past few trading sessions has formed a triangle-like formation, thus stranding the rate in a diminishing trading range. It is more likely that […]

The yellow metal strengthened against the US Dollar for the second consecutive session on Thursday. Additional upside momentum for this appreciation was provided by the strong support cluster set by […]

The bearish momentum which had guided the yellow metal during the past two days allayed on Wednesday, thus allowing XAU/USD to maintain a slight upward tendency. The pair nevertheless remained […]

Chinese producer price inflation decreased to the weakest level since late 2016 in December, while the consumer price expansion was mostly stable, removing pressure from the PBoC to constrain inflation even, as it hikes interest rates to curb the debt increase.

The recent run of Canadian strong economic figures was hard to ignore, as the Bank of Canada’s policy decisions are also a data-dependent, especially with the economy outperforming the Bank’s base case since October 2017.

The BoC raised rates to 1.25% from 1.00% last week, as solid employment growth and more solid inflation dampened the pressure of NAFTA unclarities.

Latest reports on the Canadian labour market outperformed expectations by the end of the year. The country’s unemployment rate was at its lowest level in more than four decades, becoming the reason for the BoC to consider further rate increases more willingly.