Nothing can stop us from finding hgh quality trades and impactful news. This market wrap proves it, here’s what you need to know:
Tag - cad - canadian dollar
BoC will highly likely leave the rate at 5%. Meanwhile, USDJPY overcame the BOJ intervention level. What's happening in the markets? Check our review here.
Coinbase (COIN) gained 15% yesterday, and Bitcoin increased over 6% after Grayscale's victory in court against the SEC. Read the full report to get more valuable insights!
Consumption in the UK is slowing down. Today we are waiting for the consumption data in Canada. Let's check what's happening with USDCAD.
According to Japanese Finance Minister Shunichi Suzuki, there was "no discussion" about exchange rates during the recent meeting of Group of Seven (G7) finance ministers and central bank chiefs in India. This news comes as the yen weakened to around ¥145 per dollar last month, prompting concerns that the Japanese government may intervene in the currency market to support the yen.
Microsoft is one step closer to the ATVI acquisition, gold is two steps closer to the moon, and the USD is falling into the abyss. Here’s all you need to know.
The Bank of Canada (BoC) is expected to raise interest rates for the second time in a row on Wednesday, reflecting resilient growth, a tight labor market, and persistent underlying inflation…
Saudi Arabia and Russia, two of the world's largest oil producers, have decided to extend cuts to their oil production to support oil prices and boost income. This move comes despite weakened demand due to the sluggish economy.
July is right around the corner, and it heralds the start of the year's second half. In this article, I hope to share with you, my dear readers, a few of my trade ideas for July in hopes that it fetches you all some sizable profits and makes your July fun and fruitful. Let’s go!
In May, against expectations of a slowdown, inflation stubbornly held at 8.7%, creating additional pressure on the Bank of England. This comes just a day before the anticipated 13th consecutive interest rate hike to curb price growth. The headline figure places British inflation at the top among major advanced economies. These numbers aren't exactly comfortable for Prime Minister Rishi Sunak, who aimed to cut inflation by half this year before the 2024 election. Moreover, they could lead to increased mortgage costs for homeowners.
It seems like the Canadian consumer has a firm grip on their wallet, which is no surprise given the current economic climate. Inflation in April crept up from 4.3% to 4.4%, adding to the financial woes.
It’s Wednesday, the froggy day for the whole internet. Here’s news that moves the market: