Forex Market

The Canadian Dollar staged a significant recovery on Friday, appreciating 0.65% against the US Dollar. This rebound followed a brief plunge to fresh multi-year lows triggered by the announcement of potential tariffs on Canadian goods. While the threat of immediate tariffs has been temporarily alleviated, concerns remain, and the Canadian …

The Federal Reserve’s preferred inflation measure, the Personal Consumption Expenditures (PCE) price index, edged higher in December, indicating that inflation remains modestly elevated above the central bank’s target.While the overall PCE increased to 2.6% year-over-year, the core PCE, which excludes volatile food and energy prices, remained unchanged at 2.8%, matching …

European stock markets rose slightly on Friday, supported by the European Central Bank’s (ECB) interest rate cut, while investors assessed corporate earnings and inflation data across the region. Germany’s DAX gained 0.1%. France’s CAC 40 rose 0.2%. UK’s FTSE 100 climbed 0.2%. Key Market Drivers 1. ECB Rate Cut Fuels …

The US dollar declined under pressure from soaring gold prices, which approached record highs after benefiting from a decline in US Treasury yields due to US data released on Thursday.The dollar index, which measures the performance of the US currency against a basket of major currencies, fell to 107.99 points, …

Dollar Holds Steady Amid Fed Pause and PCE AnticipationThe US dollar traded cautiously lower, influenced by declining US Treasury yields and ongoing analysis of the Federal Reserve’s recent policy decision. Market participants are keenly focused on the upcoming release of the Personal Consumption Expenditures (PCE) Price Index, which is expected …

The Core Personal Consumption Expenditures (PCE) Price Index, a key inflation indicator closely monitored by the Federal Reserve, is set to be released alongside other significant economic data. This data will potentially influence market sentiment and trading activity. The Core PCE measures changes in the prices of goods and services …

The Dow Jones Industrial Average (DJIA) navigated a week of conflicting signals, ultimately maintaining a bullish bias near record highs. While the index hovered around 44,800, absorbing a wave of corporate earnings and economic data, the prevailing narrative reveals a market wrestling with both promising opportunities and looming uncertainties, especially …

The US dollar weakened following the release of fourth-quarter GDP figures, which fell slightly short of expectations. This softer economic data, coupled with the European Central Bank’s (ECB) anticipated rate cut, has left the US Dollar Index (DXY) searching for direction below the 108.00 level. Market attention now turns to …

The European Central Bank (ECB) delivered its fifth interest rate cut since June of last year, lowering its key deposit facility rate by 25 basis points to 2.75%. This move, widely anticipated by markets, reflects the central bank’s delicate balancing act: addressing a slight resurgence in inflation while navigating sluggish …

European stock markets advanced on Thursday, as investors evaluated a wave of corporate earnings while anticipating the European Central Bank’s (ECB) policy decision and eurozone growth data. DAX (Germany): +0.2% CAC 40 (France): +0.3% FTSE 100 (UK): +0.1% Key Market Drivers 1. ECB Policy Decision in Focus European equities received …