Despite the fact that GDP surged in the first quarter, many predict that the Bank of Canada will keep rates on hold on Wednesday as inflation cools and due to stress in the global financial system. The Bank of Canada halted its tightening campaign last month, setting its benchmark rate …
Read More »Economic Data Matters: Fed’s Hawkish Stance Poised To Remain In Place Till September 2025
Federal Reserve Chair Jerome Powell stated that President Trump’s calls for lower interest rat…
Tesla Is Out: Gears Shifted on Armoured Vehicle Contract Amid US Scrutiny
The State Department’s planned $400 million purchase of “Armoured Teslas” has hit …
Meta’s Thriving While Big Tech Companies Struggle
Big Tech’s 2025 is a story of headwinds. Giants like Amazon, Google, Microsoft, and Apple grap…
U.S. Producer Prices Surge in January, Strengthening Fed’s Higher-for-Longer Stance
U.S. producer prices increased more than expected in January, reinforcing concerns that inflation is…
U.S. Stock Futures Trade Flat Amid Ukraine Peace Talks, Inflation Data in Focus
U.S. stock index futures remained largely unchanged on Thursday as investors assessed potential peac…
U.S. Dollar Retreats as Euro Rallies on Ukraine Peace Hopes
The U.S. dollar weakened on Thursday, while the euro gained, as optimism grew over a potential resol…
Gold Prices Stay Near Record Highs Amid Peace Talks and Economic Uncertainty
Gold prices rose in Asian trade on Thursday, holding close to record levels despite a broader risk-o…
European Stocks Hit Record Highs Amid Nestlé Earnings and U.S.-Russia Peace Talks
European stocks surged to a record high on Thursday, driven by strong earnings from Nestlé and growi…
Oil Prices Decline Amid Potential Russia-Ukraine Peace Talks and U.S. Inflation Concerns
Oil prices fell in Asian trading on Thursday as U.S. President Donald Trump signaled potential progr…
BoC Meeting Minutes Reveal Canada’s Monetary Policy Challenge
The Bank of Canada faces a complex challenge. Recent meeting minutes reveal that potential US tariff…
Market Analysis
April, 2023
-
12 April 2023 3:16 pm
Bank of Canada seen holding on rates amid cooling inflation, financial turmoil
-
12 April 2023 1:46 pm
Caution hangs over European stocks ahead of the release of US inflation data
Calm dominated trading in European stocks on Wednesday, as investors remained cautious ahead of the release of US inflation data, which is expected to provide more indications of the Federal Reserve’s decision on monetary policy next month. The pan-European Stoxx 600 index was up 0.1 percent by 0707 GMT. Real …
Read More » -
12 April 2023 12:59 pm
Forex: Dollar is falling ahead of the release of US inflation data
The dollar fell on Wednesday ahead of the closely watched inflation reading later in the day that will provide more clues on the path of Federal Reserve policy on interest rates. After announcing strong jobs data in the US last week, eyes are now focused on the inflation report and …
Read More » -
12 April 2023 6:16 am
Where will Bitcoin go next after $30,000’s leap?
At the time of writing, the price of one bitcoin is $30,174. The most well-known cryptocurrency asset increased on Tuesday, surpassing the crucial psychological threshold of $30,000 as investors anticipated crucial inflation data later in the week that could affect cryptocurrency values.By market capitalization, the biggest cryptocurrency was last up …
Read More » -
12 April 2023 5:39 am
Market Drivers – US Session 11/04/2023
Further to earlier reports, the International Monetary Fund has reportedly stated that “should Japanese long-term rates rise further, Japanese investors’ repatriation of funds could affect sovereign bond yields in Australia, several euro area countries, and in the US.” This is in reference to earlier reports that the IMF on Tuesday …
Read More » -
12 April 2023 2:07 am
ECB’s Villeroy warns Eurozone inflation at risk of getting entrenched
“Eurozone inflation is at risk of getting entrenched above 2% so the European Central Bank will keep fighting excessive price growth, even as its policy response is shifting gears,” said French central bank chief Francois Villeroy de Galhau late Tuesday per Reuters.The EUR/USD pair grinds higher and holds onto the …
Read More » -
12 April 2023 1:09 am
Wall Street floats through a quiet US session ahead of CPI data
Stocks and bonds made small changes on Wall Street on Tuesday as trading was quiet in anticipation of news later in the week that might affect the markets.The S&P 500 lost 0.17 points, or less than 0.1%, to 4,108.94, its smallest one-day movement in more than a year. The majority …
Read More » -
12 April 2023 12:12 am
WTI bulls move back in to test the recent output cuts
As the US dollar declines, WTI crude oil surges to test resistance once more. Reduced crude oil output keeps the price of black gold higher. On Tuesday, WTI oil prices increased by over 2% to $81.55 per barrel as investors prepared for data that would reveal additional reductions in US …
Read More » -
11 April 2023 11:10 pm
US CPI Preview: Inflation softening, is there good news on the horizon?
The US Bureau of Labor Statistics (BLS) will release the most important inflation measure, the US Consumer Price Index (CPI) figures, on Wednesday, April 12. As markets get closer to the release time, economists and researchers of 10 major banks published their forecasts regarding the upcoming US inflation reading for …
Read More » -
11 April 2023 10:09 pm
Fed’s Goolsbee: We need to asses potential impact of financial stress on US economy
Federal Reserve Bank of Chicago President Austan Goolsbee, said on Tuesday that policymakers need to be cautious about raising interest rates after recent development in the banking sector. He mentioned that the central bank needs to assess the potential impact of the financial stress on the real economy. Speaking at …
Read More » -
11 April 2023 7:27 pm
GBP/USD bulls anticipate a drop in US prices
The GBP/USD pair is up by +0.05% and is trading at 1.2430. While risk sentiment has strengthened, the British pound has found stability in a crucial support level, keeping sterling close to the 10-month high it reached last week on speculation that interest rates will shortly peak and decline later …
Read More » -
11 April 2023 6:58 pm
US Dollar still under pressure ahead of CPI data
The US Dollar performs negatively on Tuesday and weakens against its major rivals as investors gear up for the highly anticipated March Consumer Price Index (CPI) data from the US. The US Dollar Index, which closed the previous four trading days in positive territory, retreats toward 102.00, reflecting the lack …
Read More » -
11 April 2023 5:28 pm
Dow futures rise 35 pts; caution ahead of key inflation data
Investor caution ahead of the release of significant inflation data and the minutes from the most recent Federal Reserve meeting is expected to prevent U.S. stocks from opening Tuesday’s trading session slightly higher. At 11:00 GMT, the Nasdaq 100 futures were up 20 points, or 0.2%, the S&P 500 futures …
Read More »