With the Bank of Canada poised to potentially cut interest rates today, it raises questions about the impact on the Canadian Dollar. This move would make the BoC the second G10 central bank to do so this cycle, following the Swiss National Bank. Commerzbank FX strategist, Michael Pfister, highlights the potential reasons behind this decision
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The NZD/USD pair has weakened around 0.5945 in Wednesday’s early Asian session, marking a 0.25% decrease on the day. This downward movement can be attributed to rising expectations of rate cuts by the Reserve Bank of New Zealand (RBNZ) and sluggish Chinese economic activity. The market sentiment has turned risk-off, leading to a modest rebound
In July, the Small and Medium Enterprise Index (SMEI) rebounded to 50.4, reflecting an improvement from the previous month. This rebound can be attributed to the recovery in expectations and credit conditions. According to economists, Hunter Chan and Shuang Ding from Standard Chartered, the increase in SMEI indicates a return to expansionary territory after a
Upon analyzing the Australian Stock Exchange (ASX) with COCHLEAR LIMITED – COH, it is evident that wave ((4)) – navy has formed a Triangle pattern. Wave ((5)) – navy is now primed for an upward movement, according to our observations. Looking at the 1D Chart (Semilog Scale), we can see that the major trend (Primary
The New Zealand Dollar (NZD) has been facing downward pressure and there is potential for it to drop below the key level of 0.6000. According to UOB Group FX strategists Quek Ser Leang and Peter Chia, the recent movements in the NZD suggest a bearish trend. In the short-term outlook, when the NZD was trading
The EUR/USD pair is showing signs of an uptrend, reaching 1.0895 during the early Asian trading session on Monday. This marks a 0.12% increase from the previous day. The weakening of the US Dollar is playing a significant role in supporting the major pair as investors navigate through uncertain market conditions. Federal Reserve’s John Williams
The Brent oil price experienced a rollercoaster ride this week, initially plummeting to a monthly low of USD 83.5 per barrel due to weak Chinese data. However, the price quickly rebounded thanks to some positive developments in the market. Commerzbank’s commodity strategist Carsten Fritsch highlighted that the time spreads of the Brent forward curve widened
Gold prices in the Philippines experienced a decline on Thursday, according to data from FXStreet. The price of Gold per gram dropped to 4,580.42 Philippine Pesos (PHP) from 4,607.54 PHP on Wednesday. Similarly, the price per tola decreased to 53,425.16 PHP from 53,741.41 PHP the day before. FXStreet calculates Gold prices in the Philippines by
Gold prices in the United Arab Emirates have shown minimal change, with the price per gram remaining relatively stable at 290.59 United Arab Emirates Dirhams (AED). This slight increase from the previous day’s price of AED 290.38 indicates a steady market for this precious metal. Additionally, the price for Gold per tola has also remained
The Canadian Dollar (CAD) has shown some signs of firmness, although the increase is marginal. In comparison to the broad softness of the US Dollar (USD), the CAD is not performing as well as expected. Shaun Osborne, Scotiabank’s Chief FX Strategist, mentions that the Mexican Peso (MXN) is also losing ground amidst President Trump’s support
Recently, the US Dollar observed a significant fall, reaching the lowest value since March. This decline can be attributed to several factors, including Federal Reserve bets leaning towards a dovish stance and strong housing data that could not prevent the downward pressure on the USD. The Federal Reserve’s dovish stance has had a substantial impact
Investing in the financial markets can be a lucrative opportunity for individuals looking to grow their wealth. However, it is crucial to understand the risks involved in making investment decisions. The information presented on various platforms often contains forward-looking statements that come with uncertainties and potential pitfalls. One of the key aspects to consider is