Numerous unions in the Nordic region have become involved in the labour dispute between Tesla and Swedish trade union IF Metall, calling on the automaker to sign a collective bargaining agreement.A strike by around 130 workers affiliated with IF Metall on October 27 has sparked sympathy strikes from dockworkers, cleaners, …

Gold gains as more major central banks increase their bets on rate cuts in early 2024. The precious metal is receiving additional support from the cautious sentiment of the market. Gold is trading at 2029.38 at the time of writing.Early on Thursday in the European session, the price of gold …

The US dollar has been declining versus the Japanese yen over time, and the unemployment rate has not changed. The Japanese Yen is hurting the dollar because Bank of Japan Chairman Kazuo Ueda hinted at an impending shift in monetary policy. Rates negative has been maintained by the Bank of …

The Canadian dollar is experiencing limited gains on Wednesday, but is still struggling to recover lost ground after the Bank of Canada held its benchmark interest rate at 5%, in line with market expectations. The Canadian dollar is seeing a step up against most major currency blocs but remains down …

US stocks were little changed on Wednesday as investors looked to data that signaled more cooling in the labor market. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all traded flat after the gauges closed Tuesday mixed.On Wednesday, fresh signs of softening in the labour market were brought …

WTI Oil is trading at 69.85 and is even expected to drop lower as US supply hits the export market. Oil looks set to sink even further as OPEC+ countries are reluctant to expand current production cuts. Brent Oil trades at $74.56 per barrel at the time of writing.The US …

The US Dollar Index (DXY) could potentially snap its winning streak after the ADP print, as traders believe the ADP still holds above 100,000 despite undershooting estimates. The dollar is rolling over and trading in the red due to underperforming ADP figures, which have triggered risk on equities and seen …

The Bank of Canada (BoC) opted to maintain its key interest rate at 5% on Wednesday, for the third consecutive decision, as widely expected. According to the BoC the latest data “suggest the economy is no longer in excess demand”. The tone of the statement hints at no rate hikes …

Economists expect the Bank of Canada to hold interest rates unchanged when it announces key policy this week, with some saying they expect the central bank to be done raising rates.The Bank of Canada will announce its decision on interest rates on Wednesday after choosing to keep interest rates at …

On Wednesday morning during the early Asian session, the price of gold (XAU/USD) declines. The yellow metal declines due to the renewed demand for US dollars (USD). The US Dollar Index (DXY), which measures the value of the US dollar relative to a weighted basket of currencies that is used …