Market Update

The decline in crude oil prices on Friday has sent the Canadian dollar back to recent lows. Market forecasts for the Canadian GDP missed, and economic growth is seen as flat. As the Canadian dollar declines and the US dollar rises, the USD/CANADIAN DOLLAR crosses a new weekly high.On Friday, …

The US Dollar is attempting to maintain its winning streak since the summer, with the index set to print its 11th consecutive weekly gain. However, headwinds are building up, including the ongoing UAW strike, the US government shutdown, and GDP miss. The US Dollar Index is standing at 106.130 at …

The cost of living in the US is increasing. Last month’s overall inflation was heated up by higher gasoline prices, but the Fed received some good news: its preferred inflation indicator dropped to its lowest level in two years. For the 12 months ending in August, the core Personal Consumption …

Gold prices rose on Friday as the rise of the dollar and US Treasury bond yields halted, but it is on track to record a monthly and quarterly decline under pressure from growing expectations that the US Central Bank will keep interest rates high for a longer period. Spot gold …

The dollar retreated from a 10-month high against a basket of currencies on Friday on the last trading day of the third quarter of the year, giving the yen a chance to breathe amid fears of Japanese government intervention in the exchange market. The euro continued its recovery, moving away …

Oil prices are heading to record a weekly gain of about two percent after achieving some increase on Friday, as the impact of strong demand during a holiday in China and continued scarcity in the United States overshadowed expectations of possible increases in supplies from Saudi Arabia. Brent crude futures …

The Japanese Nikkei index ended the last trading session of a turbulent week with a slight decline on Friday, and oscillated between rise and fall during the session, thus recording the worst quarterly performance since mid-2022. The selling of shipping company shares after the right to distribute cash dividends expired, …

Government data showed on Friday that Japan’s unemployment rate held steady at 2.7 percent in August compared with the previous month. The seasonally adjusted unemployment rate compares with the average forecast of 2.6 percent by economists in a Reuters poll.

During the Asian session, Japan will release critical economic reports, including the September Tokyo Consumer Price Index, August Unemployment Rate, Industrial Production, Retail Sales, and Housing Starts. Australia will release Private Sector Credit data, while Germany will release Retail Sales and the Unemployment Rate. The Eurozone CPI will be the …

On Thursday, the GBP/USD made a modest comeback, recovering to the 1.2200 mark. Analysts expect the GBP to depreciate longer term, with many institutions anticipating a reversal to the main handle of 1.2000.The UK GDP results, which are scheduled to be released on Friday, are anticipated to remain constant at …