The dollar/yen pair concluded Wednesday’s trading on an upward trajectory, driven by a decline in the Japanese yen following a report published by Bloomberg on the potential future path of the Bank of Japan’s monetary policy and the possible changes it could cause in the movement of the Japanese yen’s …

Oil prices experienced a significant surge on Wednesday, with West Texas Intermediate (WTI) reaching the $70 per barrel mark. This sharp increase was primarily driven by a larger-than-expected drawdown in US crude oil reserves, as reported by the Energy Information Administration (EIA). The market reacted positively to this news, as …

Calm After the StormEuropean markets closed higher on Wednesday, as investors digested a relatively benign U.S. inflation report. The pan-European Stoxx 600 index ended the day up 0.28%, rebounding from a recent losing streak. While some sectors, such as media, saw gains, retail stocks, particularly Inditex, experienced a decline due …

For the fourth time this year, the European Central Bank is anticipated to lower its key deposit facility rate by a quarter point, to 3 percent. In order to prevent the Eurozone from slipping into stagnation due to political impasse in France and policy drift in Germany, many also anticipate …

The Canadian Dollar staged a modest recovery on Wednesday, gaining 0.2% against the US Dollar. This uptick followed the Bank of Canada’s decision to implement another 50-basis-point interest rate cut.BoC Takes Aggressive StanceThe central bank’s latest move underscores its commitment to stimulating economic growth in the face of weakening economic …

Gold prices climbed on Wednesday, December 11, 2024, as the latest inflation data increased the likelihood of a Federal Reserve interest rate cut next week.Spot gold gained 0.7% to $2,713.29 per ounce, while U.S. gold futures rose 1.4% to $2,756.00. The U.S. Consumer Price Index (CPI) for November came in …

Bank of Canada (BoC) took a decisive step on Wednesday, slashing its policy rate by 50 basis points to 3.25%. This move, widely anticipated by market analysts, aligns with the central bank’s efforts to stimulate economic growth and combat inflationary pressures. The Canadian Dollar weakened further against the US Dollar …

The US Dollar strengthened further on Wednesday, buoyed by rising interest rates and anticipation of the upcoming US CPI report. The Greenback’s strength was underpinned by rising Treasury yields, which reflected growing expectations for further interest rate hikes from the Federal Reserve. In the forex markets, the Euro weakened against …

Gold prices have seen a recent surge, reaching a two-week high driven by a combination of factors. Geopolitical tensions, trade war fears, and anticipated rate cuts by major central banks have boosted safe-haven demand for gold. However, rising US bond yields and a stronger US Dollar have capped the precious …

The upcoming US Consumer Price Index (CPI) report, scheduled for release on Wednesday, December 11th, is poised to significantly influence the Federal Reserve’s (Fed) monetary policy decisions. While markets have been anticipating a 25 basis point rate cut in December, a higher-than-expected inflation reading could prompt the Fed to reconsider …