The Bank of Canada faces a complex challenge. Recent meeting minutes reveal that potential US tariffs are a central concern, prompting a pre-emptive rate cut to bolster economic activity. The council, including figures like Governor Tiff Macklem, are now carefully monitoring the economic landscape.Inflationary Pressures and the Risk of ContagionWhile …

Bitcoin’s recent price action has sparked considerable interest, particularly its swift recovery after an initial dip triggered by unexpectedly high U.S. inflation data. This rebound, coupled with other market dynamics, raises questions about the forces currently shaping the cryptocurrency landscape.Inflation’s Impact and the Fed’s HawkishnessThe release of stronger-than-anticipated Consumer Price …

Gold prices recovered 0.20% and are trading at $2,902 per ounce after having experienced a tumultuous week, swinging from record highs to significant losses. The precious metal’s roller-coaster ride reflects the complex interplay of economic data, Federal Reserve policy, and geopolitical risks. Gold Prices Chart – Source: TradingView Stronger-than-expected US …

US companies have delivered a robust earnings season, exceeding expectations and demonstrating significant growth. However, this positive performance has been overshadowed by broader economic concerns, leaving investors hesitant and stock prices subdued. This disconnect between strong earnings and market reaction reveals a complex interplay of factors influencing investor sentiment.Strong Earnings, …

Expectations for Federal Reserve interest rate cuts have taken a significant hit following the release of a hotter-than-anticipated inflation report for January and subsequent comments from Fed Chair Jerome Powell. Market predictions have undergone a dramatic shift, now suggesting a rate cut is highly unlikely before September of this year, …

The GBP/USD fell below 1.2400 after stronger-than-expected US inflation data was released. The pair reached a low of 1.2374 as the US Consumer Price Index (CPI) exceeded 3% year-over-year for the first time since June 2024, signaling persistent price pressures. This has led investors to push back expectations for a …

Jerome Powell, Chairman of the U.S. Federal Reserve (Fed), testifies once again on the semiannual Monetary Policy Report, this time before the House Financial Services Committee.Key Highlights:“No changes to my commitment; I will not resign if asked by Trump.” ” The Fed’s previous policy framework did not limit our response …

US consumer price index (CPI) readings for January showed a higher-than-expected increase, driven by rising housing, food, and energy prices, as well as a sharp rise in used car prices.The monthly reading of the US CPI rose by 0.5% in January, compared to the 0.4% recorded in the previous month, …

The US Dollar Index (DXY) is testing the 108.00 support level, even with rising US Treasury yields and Powell’s cautious message. The key event today is the inflation rate release, followed by another Powell testimony, MBA Mortgage Applications data, and the EIA’s weekly US crude oil inventory report. Speeches from …

The US Dollar Index (DXY) continued to trade with losses for the second consecutive session on Tuesday, hovering above the 108.00 mark without clear direction. Federal Reserve Chair Jerome Powell’s recent testimony signaled no urgency to adjust monetary policy, leading to a cautious market stance. The CME FedWatch Tool indicates …