Crude Oil managed to retreate from the resistance of 79.20-60 and managed to meet the first target of 76.40. Prices are now closing to the second target and support of 74.75.
Tue, 21 Jan 2025 08:57:43 -0500
Natural gas futures drop below key support levels as milder forecasts and bearish signals weigh on prices. Traders eye $3.330 for potential next target.
Tue, 21 Jan 2025 08:47:49 -0500
US Dollar (USD) saw a sharp drop after Trump announced no immediate tariffs on China. USD/CNH saw a sharp move below 7.26 overnight before rebounding.
Tue, 21 Jan 2025 08:45:35 -0500
Canada's annual inflation rate eased to 1.8% yoy in December, down from 1.9% yoy in November and slightly below expectations of 1.9% yoy. The deceleration was largely driven by declines in food prices and alcohol-related expenses.
Tue, 21 Jan 2025 08:44:01 -0500
Markets generally and high beta FX in particular breathed a sigh of relief yesterday when the WSJ reported that President Trump would not impose aggressive tariffs immediately on returning to the White House. Rather, the incoming administration will take a more considered approach to tariff action after reviewing existing arrangements, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Tue, 21 Jan 2025 08:41:56 -0500
Canada Consumer Price Index - Core (MoM) rose from previous 0.1% to 0.3% in December
Tue, 21 Jan 2025 08:31:02 -0500
Canada BoC Consumer Price Index Core (MoM) declined to -0.3% in December from previous -0.1%
Tue, 21 Jan 2025 08:30:57 -0500
Canada Consumer Price Index (MoM) meets expectations (-0.4%) in December
Tue, 21 Jan 2025 08:30:36 -0500
Canada Consumer Price Index (YoY) below forecasts (1.9%) in December: Actual (1.8%)
Tue, 21 Jan 2025 08:30:35 -0500
Canada BoC Consumer Price Index Core (YoY) up to 1.8% in December from previous 1.6%
Tue, 21 Jan 2025 08:30:03 -0500
The British pound continues to show sharp swings this week. After a spectacular 1.3% gain on Monday, GBP/USD has reversed directions and is trading at 1.2233 in the European session, down 0.68% on the day.
Tue, 21 Jan 2025 07:43:19 -0500
Mexico Retail Sales (YoY) came in at -1.9%, below expectations (-1.2%) in November
Tue, 21 Jan 2025 07:00:39 -0500
Mexico Retail Sales (MoM) came in at -0.1%, below expectations (0.3%) in November
Tue, 21 Jan 2025 07:00:04 -0500
The US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, got knocked on Monday when tariffs were not part of the executive orders signed by Donald Trump in his first hours as US President. Markets got wrong footed thinking the stance on tariffs got eased and would face broad delay.
Tue, 21 Jan 2025 06:42:16 -0500
The Pound Sterling (GBP) surrenders its marginal gains against its major peers on Tuesday in the aftermath of the United Kingdom (UK) labor market data for three months ending November. The Office for National Statistics (ONS) showed that labor growth remained significantly weak, with a fresh addition of 35K workers against the former reading of 173K.
Tue, 21 Jan 2025 06:39:25 -0500
WTI crude oil is currently down 2.65% on the day as Trump's pledge of boosting oil output and imposing 25% tariffs on Canada and Mexico is weighing on oil prices.
Tue, 21 Jan 2025 06:37:58 -0500
Trump's plan to boost U.S. oil production adds bearish pressure as crude tests $75.47 support. Tariffs and sanctions compound market risks.
Tue, 21 Jan 2025 06:20:30 -0500
On Friday, January 17, U.S. markets closed higher, with the S&P 500, Dow, and Nasdaq marking their strongest weekly gains in months. Optimism over economic resilience and potential Fed rate cuts, alongside robust bank earnings and upbeat homebuilding and manufacturing data, outweighed concerns about Trump's policies and inflation risks.
Tue, 21 Jan 2025 06:14:28 -0500
The USD/JPY pair fell to 155.08 on Tuesday, close to the monthly low. The Japanese yen gained strength as speculation grew regarding a potential interest rate hike by the Bank of Japan (BoJ), driven by hawkish commentary from BoJ officials, which increased the likelihood of this action.
Tue, 21 Jan 2025 06:09:58 -0500
A look at the day ahead in U.S. and global markets from Mike Dolan
Tue, 21 Jan 2025 06:07:04 -0500