Tag Archives: interest rate hikes

The Bank of Canada is set to announce its Interest Rate Decision on Wednesday, July 12 at 14:00 GMT. The BoC is expected to hike rates by 25 basis points (bps) to 5.00%, contrary to its pause hints1. The decision will be published alongside a Monetary Policy Report, containing updated …

The USD/CAD pair is trading at 1.3266 at the time of writing. Canada’s dollar remains cautious ahead of the Bank of Canada’s (BoC) interest rate decision on Wednesday. Core inflation has fallen significantly in Canada, while it remains stubbornly high in the US, making USD/CAD bullish. The technical picture is …

Commenting on the Federal Reserve’s policy outlook, “we’re likely to need a couple more rate hikes over the course of this year to really bring inflation sustainably back to the Fed’s 2% goal,” San Francisco Fed President Mary Daly said on Monday.The US Dollar Index stays on the back foot …

Data released on Friday showed that Canadian employment rose by 60,000 in June, above the 20,000 expected. Analysts point out that employment growth was brisk in June. However, mt nalysts warn that rapid population growth and a rise in participation meant that the unemployment rate rose two ticks to 5.4%, …

Dubai TV interviewed Mohammed Hashad, Director of Research and Development at Noor Capital and member of the US Association of Technical Analysts, to comment on the US Non-Farm Payrolls report, which is a monthly report that the markets are closely awaiting. Asked whether it is expected to witness a decline …

Dollar index futures moved in narrow ranges on Friday as investors awaited a key report on US jobs and assessed the possibility of the Federal Reserve raising interest rates for a longer period in light of economic growth expectations. The US Nonfarm Payrolls report is due later on Friday, while …

Gold has experienced a 0.20% loss due to robust US job readings and mounting rate hike expectations, driving US Treasury yields higher. Dallas Fed President Lorie Logan’s hawkish comments and a strong ADP report support the expectation of a July rate hike. Traders anticipate further clues from the upcoming US …

US stocks slid during the US trading session after strong labour data spurred fears around further interest rate hikes by the US central bank, reviving concerns about the impact of those hikes on the economy.Both the S&P 500 and the Dow Jones Industrial Average, which plummeted by as much as …

As investors analysed the minutes of the Federal Reserve’s June meeting, Wall Street futures declined on Thursday. However, Meta defied the trend by launching Threads, a Twitter-like app, and defying the decline in rate-sensitive technology and growth businesses. The previous day saw a decline in U.S. market indexes as the …

US stocks edged lower as traders return from the Independence Day holiday to monitor headwinds for the global economy and after the release of Fed’s minutes for June monetary policy meeting.The S&P 500 was down 0.1%, while the Dow Jones Industrial Average slipped by around 0.3% or about 100 points. …