The Bank of Canada raised the overnight rate by 25 basis points, to 4.75%, while stating that it will continue with Quantitative Tightening (QT). The bank highlighted the resurgence in economic momentum by stating, “Canada’s Read more…
The Bank of Canada raised the overnight rate by 25 basis points, to 4.75%, while stating that it will continue with Quantitative Tightening (QT). The bank highlighted the resurgence in economic momentum by stating, “Canada’s Read more…
The Bank of Canada raised the overnight rate by 25 basis points, to 4.75%, while stating that it will continue with Quantitative Tightening (QT). The bank highlighted the resurgence in economic momentum by stating, “Canada’s Read more…
The Bank of Canada raised the overnight rate by 25 basis points, to 4.75%, while stating that it will continue with Quantitative Tightening (QT). The bank highlighted the resurgence in economic momentum by stating, “Canada’s Read more…
Markets We kick off today with the Turkish lira, in a separate bullet for the occasion. It’s as if the floor beneath it simply evaporated. TRY tanks about 7% against the US dollar and the Read more…
Daily Pivots: (S1) 139.16; (P) 139.57; (R1) 140.05; More… USD/JPY is still extending the consolidation from 140.90 and intraday bias stays neutral for the moment. With 138.22 minor support intact, further rally is expected. On Read more…
Further signs of a slowdown in China came from the trade balance. The foreign trade data published in the morning was noticeably weaker than expected. Dollar-denominated exports fell by 7.5% YoY despite a more than Read more…
AUD/USD powers to 1-month high Australian GDP dips to 0.2% RBA expected to deliver more rate hikes The Australian dollar has extended its rally on Wednesday. AUD/USD is trading at 0.6689, up 0.28%. Today’s weak Read more…
AUD/USD powers to 1-month high Australian GDP dips to 0.2% RBA expected to deliver more rate hikes The Australian dollar has extended its rally on Wednesday. AUD/USD is trading at 0.6689, up 0.28%. Today’s weak Read more…
Speaking at a Dutch parliamentary hearing, ECB Governing Council member and Dutch central bank head Klaas Knot highlighted the optimistic stance of financial markets about inflation, and warned about the potential pitfalls. “Financial markets are Read more…