“Canadians should expect even more rate hikes to come on top of six that have already happened this year,” said Bank of Canada Governor Tiff Macklem during an interview with CBC News late Thursday.As for price reaction, the USD/CAD pair bears take a breather at a seven-week low, around 1.3323 …
Read More »Gold Prices Surge Amid Iran Tensions and Trade Uncertainty
Gold prices saw a sharp rise in Asian trading on Thursday, as safe-haven demand surged due to escala…
Market Drivers: Assets Dance to CPI Data, US-China Trade Talks
Markets buzzed with activity on June 11, 2025, as assets like gold, silver, and the Canadian Dollar …
Silver Stalls Near 13-Year Highs: Trade Talks, CPI Data Hold the Key
Silver prices (XAG/USD) have hit a speed bump after a meteoric rise to 13-year highs near $37.00, no…
US-China Trade Deal: A Step Toward Stability or a Fragile Truce?
On June 11, 2025, President Donald Trump announced a US-China trade deal as “done” via h…
Gold Prices Surge on Cooling US Inflation and Fed Rate Cut Bets
Gold prices climbed modestly on Wednesday, with XAU/USD trading near $3,341.75, up up+0.55% after br…
EUR/USD Gains Momentum, Eyes 1.1500
EUR/USD has accelerated its upward climb, nearing weekly highs hovering around 1.15, exactly trading…
Dow Jones Surges Past 43,000 Amid CPI Data, Trade Talks Progress
The Dow Jones Industrial Average (DJIA) has climbed above 43,000 for the first time since February, …
Supply Outlook: EU Eyes Russian Imports, and US Inventories Signal Market Shift
According to the Energy Information Administration (EIA), US crude oil production is projected to de…
Stock Movers: Tesla, GameStop, and Beyond
Tesla’s Surge Sparks Electric Vehicle OptimismTesla’s stock climbed significantly in pre…
Trade Optimism, Shrinking Inventories Fuel Oil Prices Rally
WTI crude oil prices have climbed above $65.00, marking a significant 2% intraday gain as of June 11…
Market Analysis
November, 2022
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11 November 2022 1:53 am
Fed’s George calls for more measured pace of rate hikes
Kansas City Federal Reserve President Esther George on Thursday reiterated her support for a slower pace of US interest rate increases. She also called for a more measured method that could allow policymakers time to judge how the rises in borrowing costs are affecting the US economy.“I continue to see …
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11 November 2022 12:57 am
US Stocks Close With Sheer Gains On Hopes For Lower Inflation
Wall Street stocks surged on Thursday and closed with sheer gains, including a nearly 1,200-point jump for the Dow, as investors seized on data showing US inflation slowing to spark a rally.The Dow Jones Industrial Average jumped 3.7 percent to finish at 33,715.37, while the broad-based S&P 500 jumped 5.5 …
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10 November 2022 11:50 pm
WTI struggles to regain $87 on soft US inflation data
Oil prices bounce up from $84.70 low to reach levels past $87.00. WTI is trading at $86.60 at the time of writing. The Dollar plunges on soft US CPI data and hopes of Fed’s rate hiking easing have boosted risk appetite.WTI prices appreciated on Thursday to hit session highs right …
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10 November 2022 10:52 pm
Mexico central bank hikes interest rate to record 10.0%
The Bank of Mexico hiked its key interest rate by 75 basis points to a record 10.00% on Thursday, in line with forecasts and following in the footsteps of the US Fed’s own recent three-quarter of a percentage point increase.In a departure from recent decisions, the bank’s five board members …
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10 November 2022 9:57 pm
After cheering CPI, Fed’s Mester reiterates: big risks remain on inflation
Federal Reserve Bank of Cleveland President Loretta Mester said Thursday that while there are some new hopeful signs of moderating inflation, the main risk still facing the US central bank is that it doesn’t act aggressively enough to tame very high price pressures.Given the current level of inflation, its broad-based …
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10 November 2022 8:55 pm
As US Dollar Plummets Post-CPI, Will Fed Ease Rate Hiking?
The dollar falls sharply on Thursday after US consumer prices for October rose less than expected and pointed to underlying inflation having peaked, this reading has been the sort of data that markets cheered for as it could allow the Fed to ease up on aggressively hiking interest rates.The consumer …
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10 November 2022 8:11 pm
Bitcoin soars by 10% Post-US CPI Data
Bitcoins enjoys a splendid break from the frightening price action this week, the world’s most famous cryptocurrency gained around $1,600, nearly 10%, following the sizable slowdown in US inflation. On Thursday, the Consumer Price Index for October rose 0.4%, far slower than expectations for 0.6%, the Labour Department reported on …
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10 November 2022 7:15 pm
AUD/USD jumps to six-week highs Post-CPI Data
The AUD/USD pair has jumped following the key inflation data in the United States. The CPI figures came below expectations. Speculation above smaller rate hikes from the Fed impacted the US dollar, so, the pair hit at 0.6564, the highest level since late September.Pre-CPI Versus Post-CPIThe US Consumer Price Index …
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10 November 2022 7:10 pm
Wall Street opens sharply higher after US inflation data
Wall Street’s major indices opened sharply higher on Thursday. At the same time, data showed consumer prices rose less than expected in October, raising hopes that the US Federal Reserve may ease the pace of future interest rate hikes. The Dow Jones Industrial Average rose 749.97 points, or 2.31 percent, …
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10 November 2022 6:15 pm
US annual CPI inflation declines to 7.7% in October
The US Bureau of Labor Statistics reported on Thursday that inflation in the US, as measured by the Consumer Price Index (CPI), declined to 7.7% on a yearly basis in October from 8% in September. This reading came in below the market forecast of 8%. The Core CPI, which excludes …
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10 November 2022 5:22 pm
Dollar jumps ahead of US inflation data and digital currencies falter
The dollar rose ahead of US inflation data later on Thursday, while cryptocurrencies remained under pressure after crypto exchange Binance withdrew its plans to rescue struggling rival FTX. The dollar is heading towards recording strong gains for the second day in a row, while investors evaluate the results of the …
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10 November 2022 4:08 pm
Amazon incurs huge losses
A combination of high inflation, monetary tightening, and disappointing earnings led to a historic sell-off in Amazon shares since early 2022, which saw it lose nearly $1 trillion. Amazon shares fell; The e-commerce giant increased 4.3% on Wednesday, pushing its market value to about $879 billion from a record close …
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