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The Dow Jones climbed into 46,250 on Friday, adding another bullish day on the backend.Equities have risen after the Fed trimmed interest rates through the midweek.Coming up next week: PMI survey results and another round of PCE inflation data.The Dow Jones Industrial Average (DJIA) chalked in another slim but decisive gain on Friday, bringing the major equity index’s weekly performance to around a full percentage point gain. The Dow Jones has climbed into record highs on the back of the Federal Reserve’s (Fed) latest rate cut, and investors are positioning themselves for a series of consecutive follow-up cuts through the…

The Canadian Dollar found a foothold on Friday, reversing early losses.Canadian Retail Sales contracted more than expected in July, but Loonie bulls shrugged off the data forecast miss.The Canadian Dollar stood out as the strongest-performing currency on Friday.The Canadian Dollar (CAD) shrugged off broad-market performance on Friday, chalking in a 0.15% gain against the US Dollar (USD), the second-best currency on the books for the day. Loonie traders shrugged off a wide missfire in Canadian Retail Sales figures from the summer, rejecting the day’s early losses and sending the Canadian Dollar up 0.41% bottom-to-top against the Greenback.Canadian Retail Sales missed…

Gold bounces from weekly lows near $3,630, trades at $3,668 in North American session.Bullion bulls ignore strong US Dollar, high US Treasury yields.Swiss exports to US collapse on tariff confusion, but China and India demand surged, underpinning Bullion.Gold price reverses its course on Friday after printing back-to-back bearish session, rises over 0.69% despite overall US Dollar strength across the board. Buyers emerged near the lows of the week at around $3,630 and drove the non-yielding metal higher. The XAU/USD trades at $3,670 during the North American session.XAU/USD recovers after Fed cut, outlook buoyed by low-rate environment and resilient Asian demandBullion…

All 24 economists surveyed expect Banxico to lower rates despite inflation ticking up to 3.57% in August.Bank of America notes Banxico could ease more aggressively if Fed cuts continue and Dollar weakness persists.Banco de Mexico (Banxico), Mexico’s central bank is expected to reduce its main reference rate by 25 basis points to 7.50% on September 26, revealed a Reuters poll.Reuters poll shows unanimous expectations for a 25 bps cut, with analysts eyeing further easing into NovemberThe survey showed that all 24 economists see Banxico’s cutting rates, as inflation edged slightly up to 3.57% from 3.51% but it remains within the…

WTI extends losing streak for the third day, set to close the week in negative territory.A firmer US Dollar and weak US fuel demand weigh on prices despite the Fed rate cut.WTI trades in a tight range between $64.30 resistance and $61.50 support, with RSI near 45 signaling weak momentum.West Texas Intermediate (WTI) Crude Oil remains under pressure on Friday, extending its losing streak for the third straight day. The US benchmark has surrendered all the gains it notched earlier in the week and is now poised to end the week in negative territory.At the time of writing, WTI is…

Newly minted Federal Reserve (Fed) Board of Governors member Stephen Miran, in a stiff departure from standard Fed rhetoric policy, revealed exactly where his opinion landed in the Federal Open Market Committee’s (FOMC) latest Summary of Economic Projections (SEP). Miran voted for effectively double the amount of basis-point interest rate reductions that the rest of the Fed policymakers negotiated at the latest rate call meeting, a bizarre way to effectively scrub his own vote from the weightings. Interest rates are set at the majority quarter-point level chosen by Fed voters from one meeting to the next, rather than a range…

Gold trades near $3,670 on Friday, snapping a two-day losing streak after the Fed’s interest rate cut.The US Dollar and Treasury yields extend post-Fed rebound as Powell’s tone proved less dovish than expected.Gold remains cushioned as markets anticipate two more Fed rate cuts by year-end.Gold (XAU/USD) regains ground on Friday, snapping a two-day losing streak after a volatile midweek reaction to the Federal Reserve’s (Fed) interest rate decision. At the time of writing, XAU/USD is trading around $3,668 during the American session, up nearly 0.65%.On Wednesday, the US central bank lowered the federal funds rate by 25 basis points (bps)…

The USD/JPY price analysis shows increasing pressure within the Bank of Japan to hike interest rates. BoJ policymakers Hajime Takata and Naoki were ready to hike interest rates. The dollar continued its recovery after the Fed meeting. The USD/JPY price analysis shows increasing pressure within the Bank of Japan to hike interest rates, which briefly boosted the yen on Friday. However, dollar strength after the expected Fed rate cut soon undid the gains in the yen. –Are you interested to learn more about ECN brokers? Check our detailed guide- The Bank of Japan on Friday kept interest rates steady as…

In the previous reporting week, the overall reserves had increased $4.038 billion to $698.268 billion. | Photo Credit: DHIRAJ SINGH India’s forex reserves jumped $4.698 billion to $702.966 billion for the week ended September 12, the Reserve Bank of India said on Friday.In the previous reporting week, the overall reserves had increased $4.038 billion to $698.268 billion.The overall reserves had jumped $3.51 billion to $694.23 billion.For the week ended September 5, foreign currency assets, a major component of the reserves, increased $2.537 billion to $587.014 billion, the data released on Friday showed.Expressed in dollar terms, the foreign currency assets include…

The Indian Rupee ticks down to near 88.40 against the US Dollar as the Greenback trades firmly.The US Initial Jobless Claims for the week ending September 13 came in lower at 231K.India’s CEA Nageswaran expresses optimism that US-India trade tensions will resolve in a couple of months.The Indian Rupee (INR) remains on the back foot against the US Dollar (USD) on Friday. The USD/INR pair trades firmly near Thursday’s high around 88.40 as the US Dollar gained ground after the monetary policy announcement by the Federal Reserve (Fed) on Wednesday, in which it reduced interest rates by 25 basis points…