Geopolitics may be grabbing headlines, but Canada’s CPI could be a real mover for Loonie pairs this week. With BOC weighing its next move, a hot inflation print could throw rate cut expectations out the window. Here are points to know if you’re trading Canada’s inflation event! This Article Is For Premium Members Only Become a Premium…
The open saw risk sentiment gap lower with WTI crude jumping to as high as $77 before falling back. Now, oil prices are still up 1% on the day but well off the earlier highs. It’s all about trying to price in what has happened and what might happen. Volatility is the name of the game to start the…
In an interview with CNBC on Friday, Federal Reserve (Fed) Governor Christopher Waller said that the Fed is in a position to cut the policy rate as early as July, per Reuters. Key takeaways “Central banks should look through tariff effects on inflation.” “I do not think inflation impact from tariffs will be big, trend is looking good.” “Not…
Missed bitcoin’s descending triangle breakdown? There could still be a chance to catch the new trend on this pullback! Take a look at these retracement levels on the 4-hour chart. Bitcoin (BTC/USD) 4-hour Forex Chart by TradingView Bitcoin chalked up further losses as worsening geopolitical conflict in the Middle East sparked a massive wave lower for risk assets. Bulls…
Fitch Ratings reports a sharper-than-usual seasonal rise in Australian mortgage arrears in the first quarter of 2025, driven by ongoing cost-of-living pressures and high interest rates. Conforming mortgage arrears (30+ days) rose 23 basis points to 1.36%, while non-conforming arrears jumped 39 basis points to 5.32%. The increase is nearly three times the typical seasonal rise, which averages around…
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People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range,…
S&P 500 rises 0.5% then pulls back to even on a volatile Friday session. About $6.5 billion in notional options trades expire on Friday. Accenture stock slips after quarterly bookings decline. Kroger stock gains over 7% as gross margin rises to multiyear highs. Fed’s Waller says he could see rate cuts at the July meeting. US stock indices rose…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
NZD/USD slips as risk aversion and central bank divergence support the Greenback. The US Dollar is supported by Middle East tensions and delayed Fed cuts, pressuring the New Zealand Dollar. NZD/USD slides below 0.6000, threatening channel support. The New Zealand Dollar (NZD) is weakening against the US Dollar (USD) on Friday, with NZD/USD slipping below the 0.6000 handle at…
