Canadians took advantage of elevated savings and low interest rates to buy houses in 2021. The Canadian economy grew at an annual rate of 6.7 per cent in the fourth quarter, much faster than the Bank of Canada was expecting, guaranteeing an interest-rate increase when policymakers announce the results of …

US, IEA Agree to Release 60 Million Barrels From Oil Stockpiles Amid Ukraine’s CrisisThe US and other major oil-consuming nations said Tuesday they willl release 60 million barrels of oil from their emergency stockpiles, sending a jolt of new crude supplies into the market amid a price surge caused by …

Filtering information is one of investors’ most important tasks. It is normally a difficult task under the best conditions, but right now, amid the fog of war, filtering information is nearly impossible.Away from reports, fake images and news from Russia and Ukraine, the fog is also engulfing a lot of …

Climbing commodity prices are a good catalyst to provide support to the Australian dollar. Subsequently, economists at Rabobank expect the AUD to break with its status of a high-risk currency and forecast the AUD/USD at 0.74 by year-end.AUD/USD to break with its traditional role of ‘higher risk’ G10 currency. Commodity …

Canadian Manufacturing PMI rose slightly to 56.6 in February, indicating continued robust growth in the manufacturing sector. That marked a slight gain from January’s 56.2 reading and was a little above expectations for 56.4.Markit Manufacturing PMI, released by Markit Economics, is based on data compiled from monthly replies to questionnaires …

The USD has capitalized on safe-haven flows at the beginning of the week amid escalating geopolitical tensions and sanctions. Over the weekend, Washington and EU allies along with other Western nations decided to exclude some Russian financial institutions from the global payment system, SWIFT.Economic DataThe US economic calendar featured the …

The NZD/USD pair grinds higher around three-day top, pokes February high. Market sentiment steadily recreases as Russia continues attack on Ukraine, peace talks extended through the week without any clear results.The diplomats assured further talks during this week but Moscow isn’t ready to step back as Russian troops bombard civilian …

The USD/CAD has tumbled below 1.2700 amid higher oil prices on an escalation in sanctions on Russia. The Canadian dollar has also been dumped after the safe-haven assets lose their appeal.The USD/CAD pair has shrugged off its gains on Thursday’s trading session and has tumbled below 1.2700 despite the unavailability …

Gold prices are back above USD 1900, gold trades at around USD 1910, but a return back to all-time highs requires greater escalation between Russia and the West.This remains the case that more upside is possible as the Russia-Ukraine crisis unfolds, but its likely that the 2022 high has been …

The risk-related sentiment is still the main market driver during the US trading session. Safe-haven assets surged higher at the weekly opening amid escalating war between Russia and Ukraine. The sentiment temporarily improved the early US session amid peace talks. However, such talks concluded no decisions. A new round of …