Canadian economic activity expanded at its slowest pace in four months in June as prices cooled, Ivey Purchasing Managers Index (PMI) data showed on Thursday.The seasonally adjusted index fell to 62.2 from 72.0 in May, its lowest level since February. The Ivey PMI measures the month-to-month variation in economic activity …

European Central Bank Governing Council member Yannis Stournaras noted on Thursday that the monetary policymakers are not observing excessive wage demand in Europe.In the meantime, ECB policymaker and Governor of the Central Bank of Cyprus Constantinos Herodotou said that they are not targeting exchange rates while adding that they do …

The head of the International Monetary Fund on Wednesday said the outlook for the global economy had darkened significantly since April and she could not rule out a possible global recession next year given the elevated risks.Recession-linked fears are still accelerating and leading the way across all financial markets and …

The USD/CAD pair remains pressured around 1.3030, extending the previous day’s pullback from the highest levels since late 2020, as traders pare USD gains amid a quiet Asian session on Thursday. It is worth noting that the bounce in the prices of Canada’s main export item, WTI crude oil also …

While the calendar’s second half of the year started last Friday, on the first of July, it will practically begin in the financial markets with the upcoming US jobs data scheduled to be released this Friday. Non Farm Payroll data will be very useful to gauge where the USD currently …

Goldman Sachs reportedly opened first BTC futures and options position. Invalidation of the bearish downtrend is a break and close above $21,868.Bitcoin price shows technical reasons to believe in one more decline. Goldman Sachs’ entrance into the crypto market is a strong indication of a big move to come.Bitcoin price …

WTI continued to slide on Wednesday on recession fears. Analysts said oil prices dropped due to recession fears; citing numerous reasons, including the unwinding of the oil trade as inflation hedge, a stronger US dollar, hedge funds reacting to negative oil price momentum, producer hedging, and new mobility restriction concerns …

Following data showing consumer prices running at an 8.6% 12-month rate and inflation expectations rising, the rate-setting Federal Open Market Committee chose the most tightening path.Fed Officials indicated a series of increases that would take the funds rate to 3.4% this year, above the longer-run neutral rate of 2.5%. Futures …

Michael Gove, one of the most senior ministers in the British government, earlier told Prime Minister Boris Johnson he must quit. As a consequence, the PM has firmed him as he seeks to reshuffle out those that oppose his leadership from within his cabinet. Resignations began on Tuesday after Downing …

The head of the International Monetary Fund (IMF) on Wednesday said the outlook for the global economy had darkened significantly since April and she could not rule out a possible global recession next year given the elevated risks.IMF Managing Director Kristalina Georgieva told Reuters the fund would downgrade in coming …