Market Update

Following the Bank of Canada’s decision to raise the policy rate by 25 basis points to 4.5%, Bank of Canada (BoC) Governor Tiff Macklem delivers his remarks on the policy outlook and responds to questions. Key Remarks “Bank of Canada has raised rates rapidly, now it’s time to pause and …

The Bank of Canada has raised rates as expected, however, the Canadian dollar weakens after the rate policy announcement.The USD/CAD pair jumps but then pulls back toward 1.3400. the pair is trading at 1.3419, at the time of typing. The USD/CAD jumped by more than 50 pips after the decision …

The USD/CAD jumped by more than 50 pips after the decision of the Bank of Canada and climbed to 1.3425, reaching the highest level since last Friday. The Bank of Canada, as expected, raised the key interest rate by 25 basis points to 4.5%. In the statement, the central banks …

The Bank of Canada (BoC) announced on Wednesday that it hiked its benchmark interest rate by 25 basis points to 4.5% following the January policy meeting. This decision came in line with the market expectation. In its policy statement, the BoC noted that it is likely to hold the rate …

European stocks fell on Wednesday as weak results from US software giant Microsoft weighed on the broader technology sector, while signs of improving economic prospects in the euro zone fueled concerns about further interest rate hikes. The European Stoxx 600 index fell 0.3 percent, recording a decline for the second …

The headline German IFO Business Climate Index advanced to 90.2 in January versus the previous reading of 88.6 and the forecast of 90.2. Meanwhile, the Current Economic Assessment dropped to 94.1 points in the reported month as against December’s 94.4 and 95.0 expected. The IFO Expectations Index – indicating firms’ …

Oil prices fell on Wednesday, adding slightly to losses in the previous session, as rising US crude inventories and fears of a global recession offset optimism about a recovery in demand in China. Crude oil prices have risen this year amid China ending anti-coronavirus restrictions and hopes the Federal Reserve …

Gold fell on Wednesday, continuing the decline from a level close to a nine-month peak, which it reached in the previous session, as some investors sought to speculate in a way that guarantees them profit. The dollar stabilized ahead of the release of US economic data that may determine the …

The Bank of Canada (BoC) is set to announce its interest rate decision on Wednesday, January 25 at 15:00 GMT and as we get closer to the release time, here are the expectations as forecast by the economists and researchers of Four major banks, regarding the upcoming announcement. Wells Fargo …

The US dollar dropped against the Euro and had weaker performance despite solid US manufacturing data that stirred some livelihood into markets ahead of key events for the days ahead. Most markets are awaiting clues concerning inflation from the US growth updates in the US economy. The US 10-year yield …