The EUR/USD pair has climbed 0.39%, trading near its yearly high of 1.1641, fueled by a weakening US Dollar following a ceasefire between Israel and Iran. This de-escalation has eased safe-haven demand for the Dollar, lifting market sentiment and pushing the US Dollar Index (DXY) down by 0.47% to weekly …
Read More »Market Drivers – US Session: Middle East Ceasefire Boosts Risk Appetite, Pressures US Dollar
A tentative ceasefire between Israel and Iran has sparked optimism, driving investors toward riskier assets and away from the safe-haven US Dollar. This shift has fueled a four-day decline in the US Dollar Index (DXY), which nears multi-year lows around 97.70. As market sentiment turns bullish, major currency pairs and …
Read More »Pharma’s Rough Ride: Why Are US Lawmakers Still Buying In?
Pharma’s Rough Ride: Why Are US Lawmakers Still Buying In?Pharmaceutical stocks are having a turbulent 2025, taking a beating from President Donald Trump’s aggressive economic policies. Threats of tariffs and demands for steep price cuts have rocked the industry. Yet, financial disclosures reveal that U.S. lawmakers have poured up to …
Read More »How Have Powell’s Hawkish Rhetoric Rattled Key Asset Markets?
Federal Reserve Chair Jerome Powell’s hawkish, measured rhetoric during his June 2025 House testimony sent gold prices tumbling, compounded by easing Middle East tensions. XAU/USD fell 1.52% to $3,315.818, reflecting a weaker US Dollar and fading safe-haven demand. Other assets, including the dollar, silver, Treasuries, and oil, also shifted. This …
Read More »Canada’s Inflation Holds Steady: What’s Next for the Bank of Canada?
Canada’s inflation rate remained at 1.7% in May 2025, according to Statistics Canada, signaling a complex economic landscape for the Bank of Canada (BoC) as it approaches its July 30 rate decision. While the data shows progress in some areas, persistent pressures and looming tariff impacts raise questions about the …
Read More »Which Power, Utilities Stocks Can Beat the Heat This Summer
As summer temperatures rise, so does the demand for electricity, putting the nation’s power grids to the test. This year, the challenge appears even greater, with anticipated electricity demand projected to increase by 10 gigawatts (GW) compared to last year—more than double the increase seen between 2023 and 2024. While …
Read More »US Dollar Declines Amid Israel-Iran Ceasefire
The US Dollar faces downward pressure as a ceasefire between Israel and Iran shifts market sentiment, overshadowing hawkish remarks from Federal Reserve Chair Jerome Powell. The US Dollar Index (DXY), which tracks the dollar against six major currencies, has slipped below 98.00, trading near 97.65, just above its June low …
Read More »Fed Chair Powell Maintains Wait-and-See Approach on Interest Rates Amid Economic Uncertainty
Federal Reserve Chair Jerome Powell stated on Tuesday that the central bank is prepared to keep interest rates unchanged for the time being while closely monitoring economic developments, according to his prepared remarks for the Semiannual Monetary Policy Report to Congress. Powell noted that the U.S. economy is in a …
Read More »Canada’s Inflation Holds Steady in May, Exceeding Monthly Expectations
Inflation in Canada, measured by the change in the Consumer Price Index (CPI), remained stable at 1.7% year-over-year in May, in line with market expectations, according to data released by Statistics Canada on Tuesday. On a monthly basis, the CPI rose 0.6%, marking a recovery from the 0.1% decline reported …
Read More »U.S. Stock Futures Rise on Trump’s Israel-Iran Ceasefire Announcement, Oil Prices Ease
U.S. stock index futures surged on Tuesday following President Donald Trump’s announcement of a ceasefire between Israel and Iran, offering investors some much-needed relief after 12 days of escalating conflict in the Middle East. The announcement calmed market jitters that had weighed on global risk assets and stoked inflation fears. …
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