Canadian Dollar gains ground against tumbling Greenback ahead of Fed rate call
The Canadian Dollar (CAD) is broadly lower on Wednesday, falling against most of its competitors as CAD interest flounders.
For reference, here is the May 1 FOMC statement
I think it's always a good idea to re-read the FOMC statement before the new release. I've highlighted areas I will be watching...
Mexican Peso plummets amid political uncertainty despite soft US CPI report
The Mexican Peso extended its losses for the second straight day on Wednesday against the US Dollar after hitting a 14-month low of...
Bank of Japan to weight cuts to gov’t bond purchases- report
The Bank of Japan will consider gradually reducing its Japanese government bond holdings in Friday's rate decision, according to a report from Nikkei.The...
US Dollar plunges following soft CPI, markets await FOMC clues
On Wednesday, the US Dollar Index (DXY) saw a downward trend following the release of US Consumer Price Index (CPI) data and ahead...
AUDUSD runs higher and toward May 2024 high and the 50% of the range since the 2023 high
The AUDUSD has moved sharply higher after the better-than-expected US CPI data. The move to the upside has taken the price to the...
The Integration of Web3 and GenAI Between Innovation and Ethics
We are seeing the future of digital technology taking shape before our eyes as the new digital spaces of Web3 and Generative AI...
EURUSD moves to a new high and extends to the next swing area. What next technically?
The EURUSD has moved sharply higher on the back of the CPI data. The move earlier today, found sellers initially ahead of the...
European equity close: Yesterday’s political worries washed away
Closing changes:Stoxx 600 +1.2%German DAX +1.5%UK FTSE 100 +1.0%French CAC +1.1%Italy MIB +1.4%Spain IBEX +0.7%Maybe a swing to the right isn't so bad...