Trump is invoking emergency powers to boost the ability of the US to produce critical minerals.Bloomberg with the report on Trump doing something to help out with the production of industry critical mineral production in the US. Trump adds that he'll shortly be...
Major indices close lower on the day
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USDCHF reaches and bounces of the 200 hour/day MAs
USDCHF technicalsThe USDCHF surged higher following the Swiss National Bank's rate cut, which had a 64% probability priced in. The Swiss franc weakened, pushing USDCHF upward as the market reacted.The rally broke above a key cluster of moving averages, including the...
Doubletree’s Gundlach: Don’t think we see a cut at the next meeting
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Germany, Italy, Poland, UK and Canada to meet in Paris next week to discuss Ukraine
According to Bloomberg, Germany, Italy, Poland, UK and Canada are to me in Paris next week to discuss Ukraine: The Wall Street Journal published an article today about a European initiative for peace with the issues of that initiative. A summary Western allies are...
Crude oil futures settled $68.07
The price of crude oil futures is settling at $68.07. That is up $1.10 or 1.64%.. The high price reached $68.18. The low price was at $66.65.Looking at the hourly chart, the high price today stalled just ahead of the 38.2% retracement of the move down from the...
More from BOC Macklem: Expecting March CPI to be around 2.5%
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US and Israel to meet in the White House to talk about Iran next week
Axios reports that Israel is sending a delegation to the White House next week 'for strategic consultations' on Iran.Yesterday, reports highlighted that Trump had given Iran a two-month deadline to make a nuclear deal but indications so far are that Iran isn't...
BOC’s Macklem: We’re not in a situation where there is a single most-likely outcome
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The man who took down Wirecard takes aim at Tesla
Shares of Tesla are down 41% year-to-date and another 1% today after a recall and a report in the Financial Times questioning $1.4 billion "falling through the cracks" in Tesla's financial statements.Tesla's financial statements show a $1.4 billion discrepancy between...
US sells $18 billion of 10 year TIPS a yield of 1.935%
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BOC Macklem: BOC needs to set policy that minimizes the risk of errors
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European indices close lower with German Dax down -1.18%. France CAC down -0.95%
Major European indices fell in trading today with the Italy's FTSE MIB the worst performer. The UK's FTSE 100 fell modestly after the Bank of England Rates unchanged. A snapshot of the closing levels shows:German DAX, -274.95 points or -1.18% at 23013.12France's CAC,...
Apple shakes up AI executive ranks.News sends the NASDAQ & the S&P into negative territory
Apple is shaking up its AI executive ranks as it tries to turn around the Siri failure on its iPhones.The news has helped to turn the major stock indices around and into the negative. The NASDAQ index is down -47 point or -0.27% at 17703.. That session highs, the...
So much for the USDCAD bullish shift above MAs on the 4-hour chart
USDCAD technicalsSo much for the bullish run higher in the USDCAD with moves above the 200 bar MA on the 4-hour chart, and the 100 bar MA on the same chart (at 1.43804 - see earlier post). The high price reached 1.4401, and buyers made a play, but could not sustain...
OPEC+ says seven nationals have issued new plans to compensate for overproduction
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NZDUSD Analysis: NZDUSD falls below key levels, Bearish outlook dominates
NZDUSD technicalsThe NZDUSD is under pressure as selling momentum picks up following a failed attempt to reach the 38.2% retracement level at 0.5844 earlier this week. The inability to break higher, coupled with a drop below key moving averages, has shifted control to...
BOE’s Bailey: We have to wait to see evidence of falling inflation, need to be careful
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Oil climbs after fresh Iran sanctions
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EURUSD stretches to the lows of the 2-week trading range and broken 61.8% retracement
EURUSD technicalsThe EURUSD has dropped to a new low for the day, testing key support at the broken 61.8% retracement of the September high to last week's low at 1.08174, along with last week's low at 1.08044. A break below the 1.0804–1.0817 zone would likely...