Share: The Canadian Dollar’s (CAD) reaction to the latest inflation print for December was rather muted. Economists at Commerzbank analyze Loonie’s outlook. The BoC is unlikely to cut rates soon The figures did not surprise to the extent that the … [Continue reading]
Gold price refreshes weekly low as diminishing odds for March Fed rate cut boost US Dollar
Share: Gold price drops to a fresh weekly low amid the underlying bullish tone surrounding the USD. Reduced bets for a March Fed rate cut push the US bond yields higher and underpin the buck. The geopolitical risks and China’s economic woes could … [Continue reading]
China House Price Index fell from previous -0.2% to -0.4% in December
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
BlackRock ousting MicroStrategy as largest BTC holder is a matter of when, not if, ETF expert says
Share: BlackRock remains in the lead on metrics of trading volumes with $226.9 million recorded on Tuesday. Eric Balchunas thinks the firm could dethrone MicroStrategy from its helm as the biggest BTC holder. The ETF specialist also anticipates … [Continue reading]
EUR/GBP trimms daily gains and bullish momentum weakens, eyes on bearish SMA crossover
Share: EUR/GBP trades mildly lower at 0.8596 after hitting a high of 0.8620. Daily chart indicators hint at strengthening selling momentum: RSI is in negative terrain, and MACD's histogram depicts rising red bars. The four-hour chart affirms a … [Continue reading]
Canada CPI Preview: Increasing inflation could lead markets to trim BoC rate cut bets
Share: The Canadian Consumer Price Index is seen growing 3.3% YoY in December. The BoC released its Business Outlook Survey (BOS). The Canadian Dollar navigates the area of four-week lows against the US Dollar. Canada is set to release important … [Continue reading]
ECB’s Villeroy: Too early to declare victory over inflation
Share: Speaking at the World Economic Forum (WEF) in Davos on Tuesday, European Central Bank (ECB) Governing Council member and Bank of France President, Francois Villeroy de Galhau, said that it is “too early to declare victory over … [Continue reading]
GBP/USD edges lower to near 1.2690 on risk aversion, Governor Bailey’s testimony cancels
Share: GBP/USD loses ground on risk aversion as escalation of the Middle East conflict is possible. The Pound Sterling faces challenges before the release of UK labor data on Tuesday. Governor Bailey’s testimony has been canceled; traders will … [Continue reading]
Euro sees green on Monday, but mostly flat against holiday-stricken Greenback
Share: The Euro is seeing gains across the major currency board amidst US market holiday. European Industrial Production declined in November, but it was still highest print in three months. ECB President Lagarde due to appear several times at … [Continue reading]
Canadian Dollar spreads on quiet Monday, Loonie eases against Greenback amidst holiday trading
Share: The Canadian Dollar is broadly mixed on the day but slides against US Dollar. Bank of Canada Business Outlook Survey shows further declines in sentiment. Canada CPI inflation is due out Tuesday. The Canadian Dollar (CAD) is mixed against … [Continue reading]