The Bank of Canada raised the overnight rate by 25 basis points, to 5%, while stating that it will continue with Quantitative Tightening (QT). With the hike, the policy rate is now at its highest Read more…
The Bank of Canada raised the overnight rate by 25 basis points, to 5%, while stating that it will continue with Quantitative Tightening (QT). With the hike, the policy rate is now at its highest Read more…
The Bank of Canada raised the overnight rate by 25 basis points, to 5%, while stating that it will continue with Quantitative Tightening (QT). With the hike, the policy rate is now at its highest Read more…
The Bank of Canada raised the overnight rate by 25 basis points, to 5%, while stating that it will continue with Quantitative Tightening (QT). With the hike, the policy rate is now at its highest Read more…
The Bank of Canada raised the overnight rate by 25 basis points, to 5%, while stating that it will continue with Quantitative Tightening (QT). With the hike, the policy rate is now at its highest Read more…
Summary Today’s report on the Consumer Price Index for June brought good news. Headline consumer price inflation increased 0.2% over the month and 3.0% over the past year. For the latter, this was the lowest Read more…
Daily Pivots: (S1) 0.8766; (P) 0.8822; (R1) 0.8851; More… USD/CHF’s decline accelerates today and breaks through 0.8756 key long term support decisively. There is no sign of bottoming and intraday bias on the downside. Next Read more…
US CPI rose 0.2% mom in June, below expectation of 0.3% mom. CPI core (all items less food and energy) rose 0.2% mom, below expectation of 0.3% mom, the smallest 1-month increase since August 2021. Read more…
GBP/USD breaks higher The pound advanced after resilient UK wage growth put pressure on the Bank of England to tighten policy. A new high above 1.2850 suggests a bullish continuation after a near four-week long Read more…
Today’s focus is on the US CPI data, which experts believe will be better than expected. The forecasted US CPI m/m is 0.3%, and y/y is 3.1%, a positive sign for the market as the Read more…