FX

Share: The US Dollar turns flat after Durable Goods release. Market sentiment becomes unclear with investors awaiting further data in pivotal week. The US Dollar Index is back to flat and flirts with a leg higher towards 104.00. The US Dollar (USD) is flat for this trading session just minutes after the US opening bell.
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Share: Gold (XAU/USD) dipped below $2,000 for the first time since December 2023. Economists at MUFG Bank analyze the yellow metal’s outlook. Gold’s resiliency intact despite hot US inflation dampening Fed rate cut expectations Gold prices have remained in consolidation form as hotter-than-expected US inflation has dampened hopes for a rate cut in the first half
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Share: The Swiss Franc gained slightly against the Greenback on Friday after US Producer Price Index data fell short of estimates.  Overall PPI fell and core factory gate prices flatlined for three consecutive months. The data substantially increases the probabilities of interest rates falling in the US in the future.  The Swiss Franc (CHF) gained slightly on Friday
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Share: Mexican Peso gains against USD, with USD/MXN falling to 16.87 after US jobs data shows higher-than-expected employment growth. Banxico’s recent minutes highlight ongoing inflation challenges, affirming the need for stable interest rates. Economic data from the United States was mixed, though it maintains a Goldilocks scenario. US Treasury yields rise as market expectations for Fed
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Share: On Friday, the S&P 500 index retreated from its Thursday’s local high of 4,793.30. However, by the end of the day, it rebounded from the daily low of around 4,752 and closed just 0.28% lower. The broad stock market’s gauge continued to trade relatively close to its January 4, 2022, all-time high of 4,818.62.
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