forex trades

The forex markets revolve around the daily happenings around the world. Geopolitical events, economical new releases, wars and natural disasters, all affect currency prices. And, when world leaders make important decisions, how can they not change at least the currency of their own country? This is why traders need to keep their fundamental anal...

2018-09-20 Orbex Read more

US equity markets soared to fresh record highs this week, shrugging off ongoing concerns over the trade dispute between the US and China, as news of a new trade deal between the US and Mexico took center stage.  Coming on the back of talks aimed at renegotiating the long-standing NAFTA deal, President Trump announced a “really good” deal h...

2018-08-28 James Harte Read more

Daily Forex Market Preview, 28/08/2018 The U.S. dollar continued to extend the declines from last week. Economic data was sparse and the weaker greenback sent the euro higher on the day. The gains came as signs of easing global trade tensions brought about a risk on sentiment in the market. President Trump said that the U.S. had agreed to a ...

2018-08-28 John Benjamin Read more

Despite all the attention commanded by the US dollar, its Canadian counterpart remains the strongest performing currency since the start of the month and the beginning of the quarter. Negotiations to save the North American Free Trade Agreement (NAFTA) have reached an impasse with no meetings scheduled among the top leaders ahead of month-end. Y...

2018-05-17 Ashraf Laidi Read more
NAFTA Talks

Little Progress in Mexico City The conclusion of the fifth round of NAFTA negotiations, ending yesterday in Mexico City, once again saw little in the way of significant progress. Given the lack of progress over the duration of these talks it is becoming increasingly unlikely that an amended treaty will be ratified before October 2018. Furthermo...

2018-01-25 James Harte Read more
Canada_NAFTA

Canada & Mexico Reject US Demands The Trump administration became involved in yet more political embarrassment yesterday as Mexico and Canada rejected the President’s demand during talks aimed at securing a renegotiation of NAFTA. Negotiators operating on behalf of the US government presented a slew of proposals aimed at getting the Canadia...

2017-10-23 James Harte Read more
Mexican Peso

Officials at the Banco de Mexico, the Mexican central bank hiked interest rates on Thursday by 25 basis points as widely expected by economists. This pushed the interest rates to 7% in Mexico. Policy makers said that the borrowing costs are now high enough to contain any further rise in inflation. This was seen by the markets as a signal that t...

2017-07-26 John Benjamin Read more
Banxico_2903

Agustín Carstens, Governor of Bank of Mexico. Image via Banco de Mexico Market Expecting Further 25bps Rise On Thursday, traders will turn their attention to the Mexican central bank interest rate decision where the bank are widely expected to follow the Fed and hike rates by another 25bps. Banxico has been decisive in their monetary policy ...

2017-03-29 James Harte Read more
mexican peso_2601

Historic Devaluation The Mexican Peso has been under significant pressure over the last year, and the current level of devaluation in the currency is historic in both nominal and real terms.  In the first 8 trading days of 2017, the Peso lost just under 14% of its value against the US Dollar. The sell -off, which was both abrupt and significan...

2017-01-26 James Harte Read more
Trump_Press Conference

Investors who were expecting to hear about the proposed fiscal spending plans were left disappointed after the U.S. President-elect failed to make any mention of the new administration's plans on the economic stimulus, trade, and tax. The U.S. dollar fell broadly by Wednesday's close due to lack of clarity and was the weakest currency among the ...

2017-01-12 John Benjamin Read more