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US Dollar secures gains after PCE figures, eyes on NFPs next week

US inflation, as measured by the PCE Price Index, remained unchanged at 2.5% YoY in July. The USD is gaining due to the strength of its economy while inflation is coming down. The labor market is still the focus for September’s decision. On Friday, the US Dollar, measured by the US Dollar Index (DXY), extended

NZD/USD Price Analysis: Pair down, correction appears to be in play

NZD/USD and declined by 0.15% to 0.6250 in Friday’s session The RSI is near 70, indicating the pair is overbought and vulnerable to selling pressure. The MACD is showing decreasing green bars, suggesting weakening bullish momentum. The NZD/USD pair declined to 0.6250 in Friday’s session, retreating from recent highs. The technical indicators suggest a potential correction

Mexican Peso holds strong as Mexican Congress takes office

Mexican Peso strengthens against US Dollar as core PCE inflation falls below expectations, boosting prospects for Fed rate cuts. Ongoing political uncertainties in Mexico dampen Peso’s demand. Banxico cuts GDP forecasts for 2024 and 2025, indicating slower growth and potential rate cuts. The Mexican Peso recovered some ground on Friday against the Greenback after the

Mexico Fiscal Balance, pesos rose from previous -166.74B to -137.21B in July

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet

USD/JPY Price Forecast:  Soars past 146.00 boosted by US yields

USD/JPY maintains a downward bias, needing to break key resistances for a bullish shift. Short-term buyer momentum faces obstacles at 146.93 (Senkou Span A) and 148.46 (Kijun-Sen), with an eye on the 149.39 peak. Mixed RSI signals suggest short-term buyer dominance but an unclear broader trend. A drop below 145.39 (Tenkan-Sen) could trigger further losses