USD/MXN: Mexican peso likely to continue outperforming most EM – Rabobank

According to analysts from Rabobank, the Mexican peso remains the most attractive carry currency and offers the best risk-adjusted returns. They see that the relationship between USD/MXN and oil remains insignificant and the relationship with 2yr rate differentials has diminished as it stil ...

Eurozone week ahead: Inflation and Italy – Danske Bank

Analysts at Danske Bank, expect HICP inflation to slow further to 2.01% y/y driven by lower contribution from both food and energy prices in the Eurozone. Also of attention next week are the Italian projections with special attention to the budget deficit. Key Quotes:  “In the euro area ...

CAD: Too much attention to inflation data? – CIBC

According to Andrew Grantham, an analyst at CIBC, the Bank of Canada will likely raise rates in October despite today’s inflation data, supporting the Canadian dollar.  Key Quotes:  “August inflation wasn’t a big market-mover, but over the past year the currency has bee ...

Bank of Mexico: Not easing until the start of Q2 of next year – TDS

Sacha Tihanyi, Deputy Head of Emerging Markets Strategy at TDS, explains that they see inflation decelerating much less rapidly through 2018. Banxico could start easing in April according to them.  Key Quotes:  “For the price perspective past the end of this year, our projection fo ...

Federal Reserve on autopilot at least until March – Danske Bank

As the real economy is in good shape in the US, the Federal Reserve is on autopilot until the target range reaches 2.75-3.00%, where most FOMC members’ estimate of the neutral rate, according to analysts from Danske Bank. Key Quotes:  “In line with everyone else, we expect the Fe ...

Litecoin Climbs 11.16% In a Green Day

Investing.com - Litecoin was trading at $60.893 by 15:10 (19:10 GMT) on the Investing.com Index on Friday, up 11.16% on the day. It was the largest one-day percentage gain since August 17. The move upwards pushed Litecoin's market cap up to $3.43B, or 1.52% of the total cryptocurrenc ...

Fed: More uncertainty surrounds 2019 – Wells Fargo

Analysts at Wells Fargo, expect the Federal Reserve to raise rates next week and continued with 25bps hikes per quarter through the third quarter of 2019.  Key Quotes:  “The FOMC is all but certain to take the fed funds rate up another 25 bps at next week’s meeting. Currentl ...

Crude Oil Prices Settle Higher After Report Triggers Output-Hike Scares

Investing.com - WTI crude oil prices settled higher Friday, as traders cheered signs of tightening U.S. output, though sentiment was soured by a report suggesting major oil producers were ready to discuss plans to ramp up output. On the New York Mercantile Exchange, crude futures for Octobe ...

Ethereum Climbs 10.60% In Bullish Trade

Investing.com - Ethereum was trading at $234.87 by 14:50 (18:50 GMT) on the Investing.com Index on Friday, up 10.60% on the day. It was the largest one-day percentage gain since September 13. The move upwards pushed Ethereum's market cap up to $23.53B, or 10.49% of the tota ...

USD/MXN keeps consolidating around 18.80 despite the recovery of EM currencies

MXN lagged during the week among emerging market currencies. USD/MXN steady, for now, under 19.00 and above 18.50. The Mexican peso recovered on Friday, after falling to the lowest in a week against the US dollar and it was about to end the week unchanged despite the rally in many emergin ...

Cardano Climbs 12.17% In Rally

Investing.com - Cardano was trading at $0.08485 by 14:30 (18:30 GMT) on the Investing.com Index on Friday, up 12.17% on the day. It was the largest one-day percentage gain since September 20. The move upwards pushed Cardano's market cap up to $2.19B, or 0.98% of the total cryptocurrenc ...

FOMC Preview: September hike is well priced in – TD Securities

"The FOMC will hike 25bp in September, and a few more Fed officials should signal their comfort with four rates hikes for this year in the dot plot," TD Securities analysts note. Key quotes "The 2020 and 2021 dots will continue to show a sizable majority supports hiking beyon ...

WTI looks to settle near $71 after finding support at $70

Oil rig count ticks down to 866 in the U.S. OPEC is reportedly looking to increase output by 500K bpd. OPEC and its allies to meet in Algeria on Sunday. Following Thursday's steep fall, the barrel of West Texas Intermediate gained traction on Friday and rose to its highest level sinc ...