To begin the new week, the Canadian dollar weakened versus the major rival currencies. This week, Canada has a small presence on the economic calendar. The Canadian dollar is dependent on significant central bank appearances based on mid-tier statistics. Amidst market positioning in anticipation of the Federal Reserve’s anticipated rate …

The electronics used in the modern world are mostly powered by the semiconductor industry. Semiconductors are the vital components that make all technology possible, from computers and cellphones to cars and medical equipment.Investors may be concerned about the recent drop in several semiconductor companies, but it’s crucial to keep in …

Wall Street saw modest gains on Monday as investors navigated a quiet trading day ahead of pivotal events this week. The Dow Jones Industrial Average inched up 0.1%, the S&P 500 rose 0.4%, and the Nasdaq Composite climbed 0.5%.Market participants are keenly focused on the Federal Reserve’s interest rate decision …

GBP/USD retreats 1.70% from its year-to-date high of 1.3043, trading at 1.2826. Technical outlook shows bearish momentum, with key support at 1.2800 and potential further losses to 1.2612-1.2622 area. Buyers need to push past 1.2893 to challenge 1.2900 and higher resistance levels.The GBP/USD begins the week on the back foot …

The Federal Reserve Bank of Dallas released Dallas Fed Manufacturing Index report. The report indicated that Dallas Fed Manufacturing Index declined from -15.1 in June to -17.5, compared to analyst forecast of -12.Production Index declined from 0.7 in June to -1.3 in July, while New Orders Index decreased from -1.3 …

Several factors dominated market activity throughout last week, including economic data, developments in the US political landscape ahead of the 2024 presidential election, escalating geopolitical tensions in the Middle East amid the ongoing war in Gaza, and updates on the monetary policies of central banks in major economies. Economic Data …

In the days leading up to the important OPEC meeting on August 1, oil prices are collapsing. The drop this week, which was caused by worries over China’s slowing consumption, puts the oil cartel in a risky position as it navigates a volatile market. At the time of writing WTI …

Canada’s corporate earnings season is set to kick off with a bang, as key players from diverse sectors prepare to unveil their financial performance. From the energy giants Topaz Energy and Gibson Energy to the consumer-focused Tilray Brands, the week of July 29th promises a wealth of data that will …

Gold prices surged 1.01% on Friday, supported by lower US Treasury yields amid growing optimism for an interest rate cut by the Fed in September after data showed US prices rose modestly in June.Spot gold was up about 1.01% to $2,389.71 per ounce, after hitting its lowest since July 9 …

As stable US core PCE inflation growth seems insufficient to affect firm Fed rate-cut expectations, the US dollar declines. It is largely expected that the Fed will hold interest rates steady the following week. The confidence of Fed policymakers on the return of inflation to a 2% path has increased. …