Christian Borjon Valencia

Gold rises from $2,638 to $2,659, fueled by escalating tension between Israel and Iran and increasing US Treasury yields. US labor market data softens; however, ISM Services PMI reflects better business activity in September. US Dollar Index (DXY) up 0.35%, […]

Mexican Peso snaps two days of gains and falls on Israel/Iran hostilities. Banxico’s September poll revised USD/MXN exchange rate expectations upward, while inflation projections were lowered. Traders await September’s Nonfarm Payrolls data, with strong results likely boosting the Greenback and

Gold price slumps on Wednesday amid heightened tensions between Israel and Iran. A robust ADP National Employment Change report could be a prelude to an upbeat NFP. Nonfarm Payrolls data on Friday is expected to show 140K new US jobs

GBP/USD rises, supported by solid UK GDP figures, but fails to sustain above 1.3400. Momentum favors upside, with RSI in bullish territory; resistance stands at 1.3400, followed by YTD high at 1.3434. If GBP/USD fails to break higher, support lies

XAG/USD drops over 1% to $31.60 after reaching a yearly high of $32.71 earlier in the week. Failure to close above $31.75 could see Silver trading between $31.00 and $31.70, with potential for further weakness. A break above $32.00 may

GBP/USD trades at 1.3403, down 0.08%, close to its two-year peak. Momentum fades with potential negative divergence, but a break above 1.3437 could target 1.3450 and 1.3500. A drop below 1.3312 could see further declines toward the September 23 low

Mexican Peso extended its losses for the second straight day as USD/MXN hit a 19.74 peak. Banxico cuts rates to 10.50%, weakening the Peso as economic activity cools and inflation projections rise for 2024. US PCE inflation edged lower, but

XAU/USD drops to $2,646 after September inflation data suggests progress toward the Fed’s 2% target. US 10-year Treasury yield falls five basis points, while the US Dollar Index dips by 0.16% to 100.41. Geopolitical risks rise as Israel strikes Lebanon,

Mexican Peso is virtually unchanged after hitting a daily high of 19.46. Banxico cuts rates by 25 bps in a 4-1 vote, with inflation expected to ease by 2025. USD/MXN briefly dipped to 19.55 but stabilized above 19.60 after Banxico’s