Market Update

In a surprising turn for currency markets, the Canadian Dollar surged to its strongest level in a month against the US Dollar, following a strategic move by the Bank of Canada that blended a rate cut with a clear signal of tightening ahead. The USD/CAD pair dropped to approximately 1.3893, …

Wall Street reached new heights on Wednesday as U.S. stock indices posted fresh record highs, fueled by the unstoppable rise of Nvidia — now officially the world’s first $5 trillion company. The milestone marks a historic moment for the tech-driven market, underscoring how artificial intelligence continues to redefine global finance …

Market snapshot Bitcoin (BTC): $112,819.3, −1.0% on the day; extends a two-session pullback after peaking near $116,000. Equities context: U.S. tech rallied to record highs on AI optimism, but the risk-on tone did not spill over to crypto. Drivers Fed in focus A 25 bp cut is widely expected at …

Market snapshot (Wed, 10:20 GMT) Brent: $64.51 (+$0.11, +0.2%) WTI: $60.21 (+$0.06, +0.1%) Brent and WTI are holding near unchanged as the market balances improving U.S.–China diplomacy against the prospect of a December OPEC+ quota increase. A sizable U.S. inventory draw reported by the API is cushioning the downside. Key …

Market snapshot Spot: $3,957.42, +0.2% intraday COMEX Futures: $3,977.76, −0.1% Price sits near the lowest since early October after a two-day slide. Drivers 1) Fed decision in focus A 25 bps rate cut is widely expected later today. The path matters more than the print: any hint from Chair Powell …

Headline takeaways CPI +1.3% q/q (vs. 1.1% cons., 0.7% prior); +3.2% y/y (vs. 3.0% cons., 2.1% prior). Strongest quarterly rise since Mar-2023; highest annual print since Jun-2024 (3.8%). (ABC) Trimmed mean accelerated to +3.0% y/y and +1.0% q/q, topping expectations—signalling underlying pressure beyond headline volatility. (ABC) Electricity +9.0% q/q was …

Market snapshot Wall Street closed at record highs; U.S. equity futures were little changed. Nikkei 225 +2% to a fresh record 51,311.47; KOSPI up as much as 1.7% to a record 4,078.99 on AI momentum. CSI 300 +0.5%, Shanghai Comp +0.4%; Hong Kong closed for holiday. Singapore STI −0.3%; India …

West Texas Intermediate (WTI) crude oil prices fell by approximately 2.00%, primarily driven by reports indicating the Organization of the Petroleum Exporting Countries (OPEC) might soon increase its production rates. This decline is occurring at a sensitive moment, as markets are closely tracking any action by OPEC and the resulting …

Gold prices experienced a sharp decline on Tuesday, falling by approximately $56.50, or 1.41%, to hit their lowest level in three weeks. This slump is primarily due to continued heavy selling by investors unwinding long positions following a robust two-month rally.Precious metals were broadly affected this week by a drop …

The Japanese yen strengthened sharply on Tuesday, pushing the USD/JPY pair lower toward the 152.00 mark, as optimism grew over deepening trade cooperation between Japan and the United States. The move highlights renewed confidence in Japan’s economic role amid global uncertainty, while the U.S. dollar came under pressure ahead of …