Forex
ECB’s Nagel: I favor a gradual, cautious approach to rate cuts
I have no objection to a rate cut next week but reserve judgement until the meetingThere is very clearly a coordinated ECB effort...
Salesforce stock storms 9% higher to new all-time high above $368
Salesforce stock gained some 9% on Wednesday following Q3 earnings late Tuesday.
Canadian bank leaders see struggles for the Canadian economy
RBC execs:Expect Canadian economy to continue softening in 2025 with GDP and population growth slowingCredit losses to be in the mid 30s and...
EUR/USD Price Analysis: Pair sees more gains and rises to 1.0530
The EUR/USD pair found support around the psychological 1.0500 level after opening the week with a sharp decline of over 1% and tallies...
Nasdaq extends gain to 1%, Amazon shares hit a record
December is a bullish month for stocks historically and markets are following the script so far.The Nasdaq is leading the way to, up...
ECB’s Makhlouf: Asked about 50 bps cut, says he prefers to move cautiously
Data in recent weeks has reinforced view that prudence and caution are neededThe market is pricing in just an 8% chance of a...
EIA weekly crude oil inventories -5073K vs -671K expected
Prior was -1844KGasoline inventories +2362K vs +639K expectedDistillate inventories +3383K vs +940K expectedRefinery utilization +2.8% vs +0.5% expectedPrivate inventories released yesterday:Crude +1232KGasoline +4623KDistillates...
US dollar skids lower after ISM services report misses expectations
The euro is at the highs of the day as part of a broad slump in the US dollar. It's tempting to attribute...
United States EIA Crude Oil Stocks Change below expectations (-1M) in November 29: Actual (-5.073M)
United States EIA Crude Oil Stocks Change below expectations (-1M) in November 29: Actual (-5.073M)
Pound Sterling Price News and Forecast: GBP/USD Struggles to crack 1.2700, oscillates around 1.2650
The GBP/USD fluctuated between gains/loses, trapped at around the 1.2630-1.2700 range for the third consecutive day.
