AzmiMohd

Share: GBP/USD drifts lower for the second straight day and touches a fresh multi-month low. The Fed's hawkish pause continues to underpin the USD and exerts pressure on the pair. Expectations for a pause in the BoE's rate-hiking cycle also contribute to the offered tone. The GBP/USD pair remains un

Market Wrap: Stocks, Bonds, Commodities On Monday, U.S. stocks closed slightly higher after a volatile session. The Dow Jones Industrial Average edged up 6 points (+0.02%) to 34,624, the S&P 500 added 3 points (+0.07%) to 4,453, and the Nasdaq 100 was up 22 points (+0.15%) to 15,225. Investors w

Market Wrap: Stocks, Bonds, Commodities On Friday, U.S. stocks reversed to the downside. The Dow Jones Industrial Average fell 288 points (-0.83%) to 34,618, the S&P 500 dropped 54 points (-1.22%) to 4,450, and the Nasdaq 100 slumped 271 points (-1.75%) to 15,202. Regarding U.S. economic data, t

Share: USD/MXN trades at 17.1200, down 0.53%, after US CPI for August comes slightly above the 3.6% forecast. CME FedWatch Tool indicates a 41% chance of a 25 bps rate hike in November, keeping traders cautious. Upcoming US labor and retail data and Banxico’s 11.25% TIIE could push USD/MXN to test t