JDFN Financial Network

Forex Daily

Positive ETF Gold flows pushed holdings to a new record in September

Despite tremendous price pressure on gold from rising yields, more metal flowed into gold-backed ETFs last month, driving fund holdings to a new record.

The inflation illusion: How government formulas shape the data [Video]

Every month, the government releases a barrage of economic statistics. Employment, inflation, consumer spending, economic growth, and countless other measurements are presented as objective facts that policymakers, investors, and the public can use to understand the economy.

USDJPY Price outlook: U.S. Dollar-Japanese Yen rebounds from 0.786 support arc

Overview: Based on Arc Cycle Analysis applied to the 1h chart, U.S. Dollar / Japanese Yen has rebounded from the 0.786 Support Arc within the current Arc Cycle. The rebound confirms a bullish reaction and opens the potential for continued movement toward the primary price target.

Chinese Yuan: Upside bias within defined band against US Dollar – UOB

UOB strategists Quek Ser Leang and Lee Sue Ann describe USD/CNH as holding largely unchanged, but with a slight increase in downward momentum. Intraday, they see the bias tilted lower toward 6.6950, with resistance at 6.7055 and 6.7100 and a clear break below 6.6950 deemed unlikely. Over 1–3 weeks, they expect USD/CNH to trade between 6.6950 and 6.7270, while over 1–3 months they anticipate gradual downside as long as it stays below the cloud near 6.7815.

Mexican Peso dives on solid US data despite rising inflation

The Mexican Peso (MXN) depreciates about 0.91% against the US Dollar (USD) on Thursday amid positive US data, while Bank of Mexico (Banxico) minutes from last meeting indicated inflation edging higher, a trend confirmed by the September print.