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,...
How to steal $30 million in gold bars from the Toronto airport
AI imageAlmost exactly a year ago on April 17, 2023 a thief in Toronto pulled off an Ocean's 11-calibre crime with a theft of $20 million in gold bars from Toronto's Pearson Airport.He almost got away with it but today, police announced that arrests have been made in...
There are contradictory leaks from Israel
There's no telling what Israel will do next and the market remains on edge about escalation.The earlier report said the war cabinet decided to strike as soon as possible, another said the rest of the cabinet demanded to attack sensitive sites but Netanyahu refused,...
USDCHF consolidates near highs
USDCHF continues the consolidation.The USDCHF has gone nearly an entire day now and only trades in a 31 pips trading range. The average over the last 22-trading days was nearly twice that amount at 60 pips. So buyers and sellers are sparring with each other. Neither...
Israel decided to strike inside Iran “as soon as possible” – report
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It’s about what Powell didn’t say. Why the US dollar dipped after his talk
I don't think the FX market is too worried about the US delaying rate cuts. Right now, the market is down to 43 bps this year and a good portion of that is tail risks.What the market is worried about is Powell saying "we may need to raise rates further". He didn't say...
BOC’s Macklem: Supply has played a much bigger role than we’re used to
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,...
Fed’s Powell: Recent data shows a lack of progress on inflation this year
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Canada set to tax the rich today in budget. 3 charts that show why the country is angry
Canadians are angry.Prime Minister Justin Trudeau's Liberals are getting decimated in polls after 10 years of leadership and a runaway affordability crisis.Here are a few charts that illustrate why:1) Immigration levelsh/t @donnelly_brentEven 2-3 years ago, I would...
Fed’s Williams: It’s unclear what the rise of AI does for productivity
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BOE’s Bailey: Inflation dynamics between the US and Europe are different
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Canadian retail spending picked up in March — RBC
RBC credit card transactions point to a second consecutive tick higher in per-person real retail spending (excluding autos) in Q1. The latest data shows a pickup following eight consecutive declines but it's not all good news as March spending on goods -- particularly...
Goldman Sachs: The US is the only place where recent inflation surprised to the upside
Goldman Sachs highlights the US as the only G10 nation where recent inflation data has exceeded expectations, suggesting potential for continued upward movement in the USD. Despite a favorable cyclical backdrop and currency management strategies that may moderate...
European indices close lower on the day
London/European traders are looking toward the exit with the major indices all falling sharply today. The closing levels show:German DAX, -1.57%France CAC, -1.4%UK FTSE 100 under -1.82%Spain's Ibex, -1.50%Italy's FTSE MIB, -1.65%As European traders look to exit, US...
The NZDUSD reaches toward the Asian session low and lowest level since November 2023
The NZDUSD has been trending to the downside since last week's high near 0.6080. The low price today reached 0.5872. That is just above a swing area between 0.5851 and 0.58699.Support buyers are leaning against the wing area. There is topside resistance near 0.5936 if...
Israel official: “The intent is to send a painful message to Iran”
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Atlanta Fed GDPNow Q1 growth estimate 2.9% versus 2.8% yesterday
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More from Treasury Secretary Yellen
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USDCAD stretches toward 2023 and 2022 highs. Key resistance near 1.3859 area.
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,...
IMF: Persistent inflation could trigger instability
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,...