Bank of Canada anticipated to hold rates steady, confirming its watchful stance
The Bank of Canada (BoC) is widely anticipated to hold its benchmark interest rate steady at 2.25% this Wednesday, maintaining…
Category: Economy
UK Preliminary Composite PMI Jumps to 53.9 from 51.4 Prior
Flash estimates indicate a significant acceleration in the UK economy at the start of the year. The S&P Global Composite…
Steady Canadian inflation outlook for December strengthens case for BoC pause
Statistics Canada is scheduled to release December’s inflation data on Monday. These figures will provide the Bank of Canada (BoC)…
GBP/USD holds steady near 1.3380 as robust data lifts the US Dollar
During Friday’s North American session, the GBP/USD pair is consolidating sideways near 1.3380. Although Sterling reached a daily high of…
Gold Rises on Global Slowdown Fears but Shutdown Deal Optimism Caps Gains
Gold (XAU/USD) pushed above $4,050 in early European trading on Monday as investors grappled with mixed signals from the US…
USD/JPY Pauses Around 154.00 Amid Uncertainty Over BoJ Rate-Hike Timing
USD/JPY remained firm around 153.90 in Asia on Monday, not far from its eight-month peak of 154.49 hit on November…
USD/JPY Pauses Near 154.00 Amid Uncertainty Over BoJ Rate-Hike Outlook
USD/JPY Remains Firm Near 154.00 on Lingering BoJ Policy Uncertainty USD/JPY is trading around 153.90 in early Asian hours, staying…
Aussie Dollar Gains on RBA’s Cautious Monetary Outlook
Australian Dollar Extends Recovery on Hauser’s Cautious Policy Remarks The Australian Dollar (AUD) advanced for a second straight session on…
US Dollar Index Edges Above 99.50 on Hopes Shutdown Will Soon End
The US Dollar Index (DXY), which measures the greenback against six major currencies, traded higher around 99.65 during Monday’s Asian…
EUR/USD Dips Toward 1.1550 on Hopes of Ending US Government Shutdown
EUR/USD dipped to about 1.1550 during Monday’s Asian session, extending its decline into a fourth day. The US dollar gained…