Bank of CanadaBank of Canada interest rate probabilities could make a big move in the day ahead as tariffs are either imposed, delayed or called off.At the moment, the market is feeling more optimistic but that could change quickly. The next BOC meeting is on March 12...
Crude oil futures settle at $73.16
The price of crude oil is settling at $73.16, which is up $0.63 or 0.87%. The high for the day reached $75.16. The low was at $72.05. Technically, the price at session lows has been finding support at the 61.8% of the move up from the mid_December low. The price...
Bitcoin recoups $100K as the risk mood continues to improve
It's been a rough day in the crypto market with alts getting smashed but bitcoin maxis can take some solace in the rebound. After falling as low as $91,441 bitcoin has clawed its way back to $100,000 as the risk mood has improved.The big improvement came after Mexico...
More from Bostic: Businesses are not confident in their outlook at this point
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CIBC forecast how Canada’s economy would fare during a five-month tariff war
The picture on Canadian tariffs is in a high state of flux right now with the market strongly suspecting they will be called off later today, or delayed.There are many moving parts here but CIBC is outlining a scenario where tariffs are placed today but are lifted at...
Navarro: Trudeau needs to recognize it is a drug war, not a trade war
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China UN Envoy: No winner in a trade war
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,...
China’s UN envoy says will be filing a WTO complaint against US
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,...
Trump: China tariffs were an opening salvo
Trump signed an Executive Order to create a sovereign wealth fund.Says will be doing something perhaps with TikTok if we can make the right deal.TikTok could go in sovereign wealth fundSays Elon Musk is accessible only to letting people go if we need toNobody is an...
Canada conservative leader Poillevre: Canada should use military for border surveillance
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Fed’s Bostic: The current degree of uncertainty has broadened considerably
The Atlanta Fed Pres. Bostic is speaking and says: The current degree of uncertainty has broadened considerablyTariffs are an aspect of uncertainty; challenging to figure out how to incorporate itBecause things are changing so rapidly the most important thing to do is...
The USDJPY has moved up to resistance target defined by the 100H MA and swing area target
The USD/JPY initially moved lower into the US open, driven by risk-off sentiment as investors sought the relative safety of the Japanese yen. This move stood in contrast to the overall trend of US dollar buying. However, following the US-Mexico truce, which is set to...
Donald Trump considering hitting EU with 10% tariffs on imported goods – report
Late yesterday Trump said the European Union “is really out of line”, while the UK is “out of line but I’m sure that one, I think that one can be worked out”.The Telegraph cites a source in the Trump administration but that there wasn't a broad agreement. It also says...
GBPUSD has erased all the declines and trades above MA levels
The GBP/USD has fully erased the declines caused by the weekend's tariff news, driven by the positive US/Mexico truce, which is expected to last at least through the next month. This recovery has been significant, as the pair has regained its footing in the market...
Fed’s Collins: Big tariffs will push up price levels, could also have second-round impacts
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,...
Senior Canada official says not optimistic a tariff off-ramp exists
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EURUSD retraces to resistance target and the 38.2% retracement
The EURUSD moved higher helped by the headline news that US and Mexico have come to a 1-month truce on tariffs. That weakened the USD, has helped stock recover. Yields remain lower. Technically, the price of the EURUSD has moved to test the 38.2% of the move down from...
Mexican peso now higher on the day
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Trump confirms that Mexican tariffs will be paused, says negotiations will start
"I just spoke with President Claudia Sheinbaum of Mexico. It was a very friendly conversation wherein she agreed to immediately supply 10,000 Mexican Soldiers on the Border separating Mexico and the United States. These soldiers will be specifically designated to stop...
White House confirms that Mexican tariffs will be delayed for a month – report
CNBC spoke to the White House and confirmed the Mexican tariffs are delayed for a month.That doesn't include the Canadian tariffs. It suggests that this morning's call between Trump and Trudeau didn't go as well, which you could tell from Trump's post afterwards....