The Canadian Dollar (CAD) weakened against the US Dollar (USD) on Monday, with the USD/CAD pair trading near 1.4400. This decline comes as the market eagerly awaits the Bank of Canada’s (BoC) interest rate decision later this week. The BoC is widely expected to cut interest rates, a move that …

US Dollar Skipped as Safe Haven, AI Valuation Concerns Weigh on EquitiesThe US Dollar Index (DXY) weakened despite safe-haven inflows, as investors sought refuge in US Treasuries and the Japanese Yen. This comes amid concerns over AI valuations after a Chinese startup launched an open-source AI module, potentially impacting major …

Last week was marked by significant events that influenced global financial markets. The inauguration of President Donald Trump, who wasted no time addressing the world on various market-related issues, was among the highlights. Company earnings reports and the long-anticipated interest rate hike by the Bank of Japan also played a …

Alibaba Group Holding Limited has made multiple filings with the Hong Kong Stock Exchange, submitting Next Day Disclosure Returns for January 20, 22, 23, and 24, 2025. These filings pertain to share repurchases made on the New York Stock Exchange between January 13 and January 17, 2025, showcasing the company’s …

Oil prices experienced a slight increase on Friday but concluded the week with a decline, marking the end of four consecutive weeks of gains. This shift follows President Trump’s announcement of major initiatives to boost domestic production and his renewed demand for OPEC to reduce crude prices.Price Movements Brent crude …

The Gold Index, XAU/USD, peaked above $2,785 per ounce, and at the time of writing, the precious metal is trading at $2,772.31 per ounce. The recent unexpected rise in the US Consumer Price Index (CPI) has reignited concerns about inflation, prompting investors to seek safe-haven assets like gold. Furthermore, escalating …

The Dow Jones Industrial Average (DJIA) traded sideways on Friday, experiencing minor fluctuations within a narrow range. Despite this subdued end to the week, equities remain firmly on a bullish trajectory, with the index poised for its second consecutive week of gains.The release of US Purchasing Managers’ Index (PMI) data, …

The US Dollar has fallen back to session lows and is on track for a more than 2% loss this week in the Dollar Index. President Trump delivered softer comments, suggesting that tariffs on China might not be imposed after all. As a result, the US Dollar Index (DXY) has …

American Express reported fourth-quarter financial results that largely met market expectations. The company achieved earnings per share (EPS) of $3.04, slightly surpassing the consensus estimate, while total revenue aligned with analyst projections at $17.18 billion. Notably, billed business reached a record high of $408.4 billion, reflecting a robust 8% year-over-year …

The US Dollar Index weakened on Thursday as investors digested recent announcements regarding trade policy. Market focus now shifts to key US economic data, including flash Manufacturing and Services PMIs, Existing Home Sales, and the final Michigan Consumer Sentiment.EUR/USD resumed its uptrend, boosted by a weaker dollar and supported by …