Joaquin Monfort

The Pound Sterling is rebounding against the US Dollar as sentiment switches for GBP’s transatlantic currency peer.  Weak UK data may limit the Pound’s gains, however, as data shows UK shoppers shy away from spending in November.  Technically, GBP/USD hangs […]

Gold is trading lower on Monday after President-elect Donald Trump threatened the BRICS nations with 100% tariffs.  Trump warned he would use the tariffs if BRICS tried to replace the USD with its own currency.  The US Dollar rises, weighing

The Pound Sterling falls on Monday against the US Dollar after Donald Trump threatened BRICS with 100% tariffs, supporting the Greenback.  Trump said he would impose tariffs if the trading group tried to replace the US Dollar with their own

EUR/CHF mildly falls on Friday as markets digest Eurozone HICP inflation data for November.  The Euro weakens as it does little to change the outlook for interest rates , a key driver of FX valuations.  CHF gains marginally on stronger

USD/JPY has broken out of a Broadening Formation pattern and is falling towards its target.  The pair has probably reversed its short-term trend and risks now lie to the downside, in line with the bearish bias.  USD/JPY has breached the

EUR/JPY is falling to a key support level after tumbling further on Friday.  It could bounce once it touches the level and the RSI is oversold on an intraday basis, cautioning aggressive short-sellers.  EUR/JPY extends its downtrend since the Halloween

GBP/JPY has fallen to a trendline for the August rally.  The pair is in a downtrend with odds favoring an extension lower.  GBP/JPY is trying to pierce the trendline for the uptrend since the August lows. If it is successful

The Mexican Peso has paused after rallying on easing fears about tariffs from the US and a trade war.  The Mexican Trade Surplus grew in October and the economy is growing at a higher pace than expected.  Technically, USD/MXN unfolds

Gold rises on increased haven flows as geopolitical hotspots light up.  Israel breaks its ceasefire agreement by attacking Hezbollah, and Putin threatens to use nuclear-capable missiles on Ukraine.  XAU/USD is technically crawling up a major trendline but remains vulnerable to

Gold continues to snake higher on Thursday as markets price in higher probabilities of the Fed cutting interest rates in December. A softening of Trump’s rhetoric on tariffs is a possible factor in the falling interest rate expectations.  XAU/USD is