Canada’s inflation rate is expected to accelerate in September, with fresh data due Tuesday that could shape the Bank of Canada’s (BoC) next policy move. According to economists, core inflation remains well…
Category: Market News & Updates
Fed Expected to Cut Rates by 25 bps to 3.75%-4.00% on October 29 – Reuters
According to a recent Reuters poll, 115 out of 117 economists expect the Federal Reserve to lower the Federal Funds Rate by 25 basis points to a range of 3.75%–4.00% during its…
USD: Rising Fears of Armed Conflict in Latin America – Commerzbank
Tensions between the U.S. and Colombia escalated on Sunday evening, adding to the growing list of international disputes involving the U.S. President. The friction intensified after the U.S. revoked the Colombian president’s…
EUR/USD Struggles Near Lows Ahead of ECB Lagarde Speech
The Euro remains under pressure, trading near recent lows as the US Dollar continues to firm up on improving trade sentiment. At the time of writing, EUR/USD is trading around 1.1615, marking…
NBH Expected to Hold Rates at 6.50% – BBH
The National Bank of Hungary (NBH) is widely expected to keep its base rate unchanged at 6.50% at today’s policy meeting, according to FX analysts at Brown Brothers Harriman (BBH). Firm Forint…
NZD/USD Outlook: Neutral Bias Within Defined Range – UOB Group
Analysts Quek Ser Leang and Peter Chia from UOB Group maintain a neutral outlook for the New Zealand Dollar (NZD), expecting NZD/USD to trade within a range of 0.5685 to 0.5770 in…
GBP/USD Could Test 1.3445, But Major Resistance Remains Distant – UOB
Analysts at UOB Group, Quek Ser Leang and Peter Chia, suggest that the British Pound (GBP) may attempt a move toward 1.3445, though the key resistance level at 1.3475 is unlikely to…
EUR/USD Holds Near One-Week Highs as French PM Survives No-Confidence Votes
The EUR/USD pair extended its winning streak to a third straight day on Thursday, holding firm near 1.1650, its highest level in a week. The Euro continues to benefit from receding political…
EUR/JPY Rises as Yen Weakens on Easing Risk Sentiment; ECB Speeches in Focus
The EUR/JPY pair edged higher on Thursday, trading around 176.30, up 0.20% on the day. The move was driven by weaker demand for the Japanese Yen (JPY) as market risk sentiment improved…
Oil Prices Rebound Slightly Despite Bearish Inventory Data – ING
Oil prices clawed back some losses on Thursday morning after U.S. President Donald Trump announced that India plans to soon stop purchasing Russian crude, according to commodity analysts Ewa Manthey and Warren…