Sell the Bounce": Gold Rally Stalls Near $4165 as Fed Hawks Slam the Door on Rate Cuts — Targets $4000/$3600 
SpaceX Stock Gets $175 Target as Analysts See Massive Growth Ahead 
AI Memory Boom Sparks Global Chip Supply Crunch 
J.P. Morgan Sees Potential Vestas Guidance Upgrade Amid Strong Wind Energy Demand 
Trump’s Iran Strategy: What Has Been Achieved After Three Months of Conflict? 
With Iran and the US signing a peace deal, where does that leave Benjamin Netanyahu? 
World Cup technology: from ref cams to AI analysts, cutting-edge research is changing the game 
Silver Cracks Key 365-Day EMA for First Time Since Feb 2024; Bears Eye $50 on Rallies 
Goldman Sachs: US Dollar Likely to Stay Strong Despite Oil Price Retreat 
Canadian dollar has further gained grounds against Mexican peso, after Dollar/Loonie pair taken out important support area at 1.235-1.24.
- Mexico's economic gloom remains hard to end with. Inflation as of now is under control just below 3% target of central bank. However Peso's drop against dollar is expected to put pressure on inflation over coming months. Peso is hovering close to all time high, now at 15.3 against dollar.
- Government is taking up austerity measures to balance the budget, which this year is expected to get reduced by 1.5% of GDP.
Mexico's economy is not much gloomy and moves in tandem with US, however things are different this time, which puts peso vulnerable to Loonie.
- US refineries will be exporting heavy crudes from Canada, whereas Mexico will be searching for buyers elsewhere probably in Asia and Europe.
- Mexico has large sum of dollar denominated debt running close to $150 billion issued by private sector borrowing, which is at risk with dollar rising against peso.
Technically speaking loonie has closed above 2 month high against Peso, trading at 12.55. Resistance lies at 12.8-13. Rise towards all time high of 14 can't be ruled out.
