Forex Market

The Bank of Canada (BoC) is bracing for potential turbulence as US tariff policies cast a long shadow over the Canadian economic landscape. Governor Tiff Macklem, addressing the Calgary Economic Development initiative, delivered a stark message: the uncertainty surrounding US trade actions necessitates a shift in the BoC’s monetary policy …

U.S. stocks experienced a volatile trading session today, initially declining amid growing concerns regarding the economic outlook, exacerbated by the potential impact of U.S. trade policies. The specter of stagflation also weighed heavily on investor sentiment, following the Federal Open Market Committee’s (FOMC) revised economic projections released on Wednesday. The …

The U.S. dollar rebounded Thursday, driven by escalating fears that the Trump administration’s trade policies could fuel persistent inflation, potentially compelling the Federal Reserve to maintain elevated interest rates. This surge saw the dollar index, which tracks the dollar against a basket of major currencies, climb to 103.89, up from …

As U.S. President Donald Trump ramps up his trade war, the global economy is being reshaped by a barrage of tariffs targeting not only adversaries like China but also partners such as India. Under his unwavering “America First” banner, Trump has declared that, effective April 2, 2025, India will face …

The Bank of England (BoE) kept its key interest rate unchanged at 4.5% on Thursday, as expected, maintaining its cautious, data-driven approach amid concerns over sluggish economic growth and persistent inflation. Key Takeaways: BoE’s March Decision: 8 out of 9 Monetary Policy Committee (MPC) members voted to hold rates. 1 …

European Central Bank (ECB) President Christine Lagarde cautioned on Thursday that a full-scale trade war between the U.S. and the eurozone could significantly damage the European economy and drive inflation higher. Key Points: Economic Impact of U.S. Tariffs: A 25% tariff on European imports imposed by the U.S. could reduce …

Gold prices surged to record levels in Asian trade on Thursday, supported by a weaker dollar and expectations of at least two Federal Reserve rate cuts in 2025. Key Factors Driving Gold Prices: Weaker Dollar & Treasury Yields: The Federal Reserve left interest rates unchanged but signaled a 50-basis-point rate …

The U.S. dollar regained its footing on Thursday, March 20, 2025, halting a streak of three consecutive daily declines. This stabilization came after the Federal Reserve opted to keep interest rates unchanged at its latest meeting, a decision that aligned with widespread market expectations. The US Dollar Index (DXY) saw …

In 2024, the UK economy managed a modest growth of 0.9%, but forecasts for 2025 suggest little room for optimism, with expectations hovering around a similar pace. During its February policy meeting, the Bank of England (BOE) sharply revised its 2025 growth projection downward to just 0.7%, halving its previous …

Gold prices spiked following the Federal Reserve’s latest stance on rates and its updated dot plot. Expectations for 2025 growth are faltering under the weight of inconsistent U.S. policy moves. Powell admitted that predicting the fallout from tariffs is proving elusive. On Wednesday, gold climbed toward $3,050 in intraday trading …