In a move that aligned with market expectations, the Bank of Canada (BoC) today announced a significant 50-basis-point reduction in its key interest rate. The decision, which brings the policy rate down to 3.75%, was made at the central bank’s meeting on Wednesday.In its accompanying statement, the BoC indicated that …

The e Bank of Canada is poised to announce its interest rate decision and release its updated monetary policy report on Wednesday. Market participants are keenly anticipating the central bank’s actions, as a rate cut is widely expected to stimulate economic growth and provide relief to borrowers.One of the primary …

The US Dollar continued its upward trajectory, reaching new highs as investors weighed the potential impact of a “Trump trade,” further Fed easing, and upcoming US economic data. Key events for Wednesday, October 23, include the release of US mortgage applications, existing home sales, and the EIA’s crude oil inventory …

The Federal Reserve has signaled future interest rate cuts, but some members are urging caution as economic data continues to roll in. Investors are anticipating cuts at the next two Fed meetings, aligning with the central bank’s projections. However, comments from regional Fed presidents suggest the pace of cuts might …

Dow Jones Industrial Average (DJIA) cautiously tested higher ground on Tuesday, following a slight pullback at the start of the week. Despite concerns about overbought conditions and rising interest rates, the index managed to maintain a positive trajectory.Key factors influencing the market include:Earnings Season: Strong earnings reports from companies like …

The EUR/USD pair falls as climbing US Treasury yields and risk-off sentiment bolster the US Dollar. ECB members hint at potential rate cuts, with President Lagarde maintaining a cautious stance on inflation, targeting 2025 for stability. The US Dollar Index (DXY) rises to 104.06 as US 10-year Treasury yields remain …

Gold price surges on Tuesday as Treasury yields rise. Gold prices surged to new heights on Tuesday, driven by a combination of geopolitical tensions and rising U.S. Treasury yields. As investors seek safe-haven assets amid global uncertainty, XAU/USD has continued its upward trajectory, reaching a peak of $2,745.01.The market’s mood …

The Bitcoin market remains in a sideways trading range that began in February. Despite experiencing some volatility recently, the overall trend suggests a gradual upward movement.Key Technical Levels:Resistance: The $70,000 level is a crucial resistance point due to its psychological significance. Breaking above this level could signal a stronger uptrend, …

The USD/JPY pair is currently trading near the 151.00 level, influenced by rising US Treasury yields but facing resistance from the Ichimoku Cloud’s upper boundary. Bullish momentum persists, as indicated by the RSI hitting a new high, suggesting potential upside towards the 200-day moving average (DMA) at 151.36 and beyond.If …

US Treasury yields initiated an upward climb at the start of the new trading week, fueled by statements from the Federal Reserve that highlighted a preference for a gradual approach to interest rate cuts in the coming period.The yield on 10-year US Treasury bonds rose to 4.182%, compared to the …