USD/CAD Dips Below 1.3650 Ahead of FOMC Minutes The USD/CAD currency pair declined to 1.3640 as the U.S. Dollar experienced a period of consolidation during the early European session on Wednesday. Despite softer Canadian Consumer Price Index (CPI) inflation figures,
WTI Dips Below $79 After Hawkish Fed Comments West Texas Intermediate (WTI) oil prices continued their downward trend, settling around $78.90 per barrel during Tuesday’s Asian trading session. Despite significant geopolitical developments, including the death of Iran’s President Ebrahim Raisi
UK Government Considers ‘Bootcamp’ Programs to Address Employment Shortages The UK government has introduced a new initiative to direct unemployed Britons towards “skills bootcamps,” aiming to fill the labor market gaps left by a decrease in overseas workers. These intensive
Nasdaq Hits Record High; JPMorgan Weighs on Dow’s Performance US stocks experienced a modest climb on Monday, with the Nasdaq Composite achieving a new record close, propelled by the anticipation surrounding Nvidia’s forthcoming earnings report later in the week. Nvidia’s
Australian Dollar Firm on Improved Risk Appetite, Weak US Dollar The Australian Dollar (AUD) extended its gains for the second consecutive session on Monday, buoyed by a weaker US Dollar (USD). However, these gains were somewhat tempered following an interest
Chinese Banks Keep Lending Rate Steady After PBOC Decision Chinese banks have left their benchmark lending rates unchanged after the People’s Bank of China’s (PBOC) decision last week to maintain a key rate on loans it offers to lenders. On
GBP/USD Nears 1.2700 on 2024 Fed Rate Cut Hopes The GBP/USD pair extended its gains for the second consecutive session, trading around 1.2710 during Asian hours on Monday. This upward movement was largely supported by a weaker US Dollar (USD).
Australian Dollar Weakens as Aussie 10-Year Yield Hits Monthly Low The Australian Dollar (AUD) is currently undergoing a downturn for the second consecutive session, primarily influenced by mixed economic indicators from China, a significant trade partner for Australia. This downward
Ex-Chief Economist Predicts BOJ Rate Hike as Early as June The Bank of Japan (BOJ) might implement up to three additional benchmark interest rate hikes this year, with the first potential increase occurring as early as June. This move would
USD/JPY Nears 156.00 Amid Unchanged BoJ Bond Purchases During the Asian trading session on Friday, the USD/JPY pair climbed to a high of 155.90 as the Japanese Yen faced increased downward pressure. This market movement coincided with the Bank of
Gold Prices Rise Amid US CPI Inflation and Fed Rate Cut Expectations Gold prices (XAU/USD) gained traction on Thursday, driven by a weaker US Dollar (USD). The recent Consumer Price Index (CPI) report revealed that inflation in the US slowed
Japan’s Economy Falters, Impacting BOJ Rate Hike Plans Japan’s economy contracted more sharply than anticipated in the first quarter, exacerbated by the ongoing weakness of the yen, which has put significant pressure on consumers. This presents a fresh challenge for