AUDUSD technicalsThe AUDUSD has extended to a new session high, reaching 0.6388—a level that aligns with swing highs from March 18 and April 4. This area marks a key resistance ceiling. A sustained break above it is needed to strengthen the bullish bias.Should buyers...
World Bank: There are constructive discussion underway with the US about commitment
The World Bank’s Banga is speaking and says:Foreign aid is a temporary method to help challenged countries, but will not be the long-term solution for developmentThe right regulatory environment must be created to encourage private investment in developing countries...
Fitch: Deep cuts to global forecasters global trade war escalates
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,...
Market shifts: Tech dips while energy and healthcare rise
Stock heatmap by FinViz.com Wed, 16 Apr 2025 14:46:07 GMTSector OverviewToday's stock market heatmap reveals a stark divergence in sector performances. The technology sector is awash in red, with significant declines, while energy and certain areas of healthcare show...
BOC’s Macklem: We are navigating carefully
The Bank of Canada Governor holds a press conference and takes questions from reporters along with Senior Deputy Governor Carolyn Rogers.Highlights:We are navigating carefullyThe Canadian economy started the year in a good placeIn March, we said we would be...
USDCAD dips but does not run ahead of press conference
USDCAD falls below the 100 hour MAThe Bank of Canada kept rates unchanged. That took the price below the 100 hour moving average of 1.39144, but the low price at 1.3882 is still above the low price from yesterday's trade near 1.3850 and above the low price from...
EIA weekly crude oil inventories +515K vs +507K expected
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,...
Watch live: Bank of Canada holds press conference affter rate decision
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,...
New US sanctions target Iran oil tankers
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,...
US April NAHB housing market index 40 vs 37 expected
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,...
US business inventories for February 0.2% versus 0.2% estimate
Prior month 0.3%Business inventories 0.2% versus 0.2% estimateTotal business inventories to $2590 versus $2585.2 billion last monthRetail inventories ex auto 0.1% vs 0.5% prior month.Details from the Census BureauNot a big spike from the expectations of tariffs....
Bank of Canada reworks MPR to offer two different tariff scenarios
Bank of CanadaRather than providing a traditional base-case projection, the Bank of Canada has presented two illustrative scenarios to account for the uncertainty around US trade policy.The Bank of Canada had previously signaled it would revise down its 2025 GDP...
A comparison of the March Bank of Canada statement to the April statement
A comparison of the March statement to the April statement reflects the "major shift" in the US trade policy and unpredictability of tariffs. Hence the second verse (April) is no where near the first (March). Below is the red line change (or rather the complete...
Bank of Canada Macklin text release of his opening statement
Opening statementTiff MacklemGood morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s policy announcement and our April Monetary Policy Report (MPR).Today, Governing Council maintained the policy interest rate at 2.75% after...
The full statement from the April 2025 Bank of Canada rate decision
The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%.The major shift in direction of US trade policy and the unpredictability of tariffs have increased uncertainty, diminished prospects...
Bank of Canada rate decision leaves rates unchanged, as expected
Bank of CanadaPrior was 2.75%The market was pricing in a 42% chance of a cut and 58% chance of no changeA slight majority of economists were expecting no changeThere is also an unusual degree of uncertainty about the economic outcomes within any tariff scenarioTariffs...
USDCHF continues ups-and-downs but with a lid defined by the 100 hour MA
USDCHF technicalsThe USDCHF has been choppy over the past four trading days, bouncing between support and resistance levels since bottoming near 0.8100 last Friday. The pair climbed to a high of 0.82678, then dipped to a higher low at 0.8118, before rebounding again...
What’s Next for the Dollar?
Trump made good on his promise, imposing tariffs on dozens of countries starting April 9. But it didn't last long. Just hours later, the U.S. president posted on Truth Social, announcing a “90-day PAUSE” and a significantly reduced reciprocal tariff during that time....
US March industrial production -0.3% vs -0.2% expected
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,...
What technical levels are in play for the USDCAD through the BOC rate decision?
At 9:45 AM ET, the Bank of Canada (BoC) will announce its rate decision (see Adam's preview here). The outcome is uncertain, with markets split on whether the central bank will cut rates or hold steady. Before the recent wave of tariffs, the BoC appeared poised to...