National Bank of Canada (NBC) economist Taylor Schleich highlights that since 2022, U.S. real GDP growth have outpaced Canada. The report attributes Canada’s underperformance to weaker consumption, exports and especially business investment, and … [Continue reading]
United Kingdom S&P Global Services PMI meets forecasts (53.9) in February
Bitcoin, Ethereum and Ripple prices trade with a cautious tone at the time of writing on Wednesday as upside momentum continues to fade across the broader crypto market. BTC remains within a parallel channel, ETH struggles below key resistance, … [Continue reading]
USD/CHF weakens to near 0.7800 as Middle East tensions lift Swiss Franc
The USD/CHF pair loses traction to around 0.7805 during the early European session on Wednesday. The Swiss Franc (CHF) gathers strength against the Greenback on safe-haven flows stemming from Middle East tensions.The US and Israel’s attacks on Iran … [Continue reading]
Australia Gross Domestic Product (QoQ) above expectations (0.6%) in 4Q: Actual (0.8%)
GBP/USD fell about 0.35% on Tuesday, settling around 1.3350 after slipping below the 200-day Exponential Moving Average for the first time since early December. The pair has pulled back sharply from its late-January high near 1.3870, … [Continue reading]
US Dollar Index rallies toward 100.00 as Iran conflict drives safe-haven flows
The DXY jumped about 0.55% on Tuesday, rallying to around 99.09 and extending Monday's sharp move higher. The index has broken decisively out of the 97.00 to 98.50 consolidation range that held through most of February, with Monday's strong bullish … [Continue reading]
Australian Dollar Price Forecast: Recalibrating
AUD/USD weakens further alongside the rest of its risk-linked peers, breaching below the 0.7000 support and exposing extra weakness in the short-term horizon. The Aussie continues to draw underlying support from sticky domestic inflation and a … [Continue reading]
Breaking: WTI jumps over 6% to top $75 amid US-Iran war risks
West Texas Intermediate (WTI) surges more than 6% on Tuesday, climbing above the $75 psychological mark as the ongoing US-Iran war raises fears of potential oil supply disruptions through the Strait of Hormuz.At the time of writing, the US Crude Oil … [Continue reading]
Asian stocks fall on Iran war risks, South Korea’s Kospi leads losses
Asian equities trade mostly lower on Tuesday as traders remain concerned about the rising tensions in the Middle East. South Korean stocks, the benchmark Kospi, sank as much as 6.9%, the most since August 2024, amid risk-off sentiment. … [Continue reading]
Iranian drones hit US embassy in Riyadh
Iran fired missiles and drones at several Persian Gulf countries, including a drone strike that hit the US Embassy in Saudi Arabia’s capital, Riyadh, CNBC reported on Tuesday.A Saudi Defense Ministry spokesperson said that the US Embassy in Riyadh … [Continue reading]
GBP/JPY Price Forecast: Bullish engulfing pattern puts 211.00 in play
GBP/JPY rises during the North American session on Monday, up by 0.24% after recovering from hitting daily lows of 209.10 amid risk aversion spurred by the Middle East conflict between the US and Iran. At the time of writing, the cross-pair trades at … [Continue reading]