USD/CAD nears 1.3900 as the Canadian Dollar softens ahead of key risk events.US–Canada tariff tensions linger, with markets watching for trade-related signals.The Loonie pair edges higher, awaiting the BoC’s risk review and Trump’s US-UK trade deal … [Continue reading]
Gold price tumbles for second straight day ahead of trade deal announcement
Gold price extends correction and drops nearly 1% in early European trading on Thursday. The UK and the US are ready to announce a trade deal that would circumvent the US tariff implementation. Gold sees safe haven outflow with the … [Continue reading]
WTI rises above $58.00, trade uncertainty caps gains
WTI price gains ground due to a decline in US crude inventories.Oil prices may lose ground due to lingering uncertainty surrounding US-China trade talks.Fed Chair Powell signaled a more cautious stance on interest rate decisions, citing continued … [Continue reading]
United Kingdom RICS Housing Price Balance down to -3% in April from previous 2%
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]
Fed’s Powell: We don’t have to be in a hurry
Federal Reserve Chairman Jerome Powell explained the decision to leave the policy rate unchanged at the 4.25%–4.50% range following the May meeting and responded to questions during the post-meeting press conference.[embedded content]Key … [Continue reading]
US Dollar goes nowhere while markets write off Fed as non-event
The US Dollar Index trades broadly flat after dipping to a five-day low on Tuesday around 99.20.Geopolitical headlines took over in early trading with China and the US to meet this weekend in Switzerland, and Pakistan-India conflict flaring up. The … [Continue reading]
Merz elected after rocky start, Euro shrugs off drama – Commerzbank
While some politically savvy people may have fallen off their chairs yesterday after the first round of voting for the new German Chancellor, the fx market seemed less than impressed, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen … [Continue reading]
China’s President Xi: We must firmly maintain post-war international order
Chinese President Xi Jinping said on Wednesday, “we must firmly maintain post-war international order.”Additional quotesChina, Russia have always firmly supported each other.Should jointly resist any attempt to disrupt the friendship and mutual … [Continue reading]
Japan Jibun Bank Services PMI above forecasts (52.2) in April: Actual (52.4)
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]
AUD/USD remains resilient amid Fed uncertainty and trade concerns
The US Dollar Index retreats amid market jitters ahead of the Federal Reserve’s rate decision.US President Trump hints at possible changes to USMCA but no concrete trade deals yet, keeping markets cautious.The Australian Dollar gains against major … [Continue reading]