EUR/USD 1.16366
0.102%
Gold 4223.74
0.428%
Oil 58.240
-0.341%
USD/JPY 155.744
-0.077%
GBP/USD 1.32269
0.112%
GBP/JPY 206.009
0.053%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
December 3 - Japanese government bond yields rose as market expectations for a near-term interest rate hike by the Bank of Japan persisted. The Bank of Japans policy board is scheduled to meet on December 18-19 to make its final interest rate decision for the year. Investors will be focusing on economic indicators, including household spending data due on Friday, to gauge economic strength. The 2-year Japanese government bond yield rose 1 basis point to 1.015%, and the 10-year yield rose 2 basis points to 1.875%.December 3rd - Brian Martin, G3 Economics Director at ANZ Bank, stated that the European Central Bank (ECB) is expected to cut interest rates by 50 basis points next year, eventually bringing the rate down to 1.50%. ANZ has lowered its 2026 growth forecast for the Eurozone from 1.5% to 1.3%, and predicts an average inflation rate of 1.7% next year. Martin indicated that the ECB will resume rate cuts in the first half of 2026, possibly first in March and second in June.Yi Jun Group Holdings (02442.HK), a Hong Kong-listed company, resumed trading today, surging over 100% intraday. The companys controlling stake has changed hands, with the company receiving a takeover offer at a discount of approximately 84.40%.South Korean President Lee Jae-myung: Relations with Russia are important, but South Korea joined the sanctions against Russia after the conflict in Ukraine.December 3 - ANZ Bank analysts at Sucden Financial wrote in a report that gold prices are likely to remain range-bound until the Federal Reserve provides clearer guidance on its monetary policy path. ANZ research analysts stated that safe-haven buying has slowed, and recent gains have triggered some profit-taking.

Since the focus has shifted to the Fed's policies and oil prices have increased, the USD/CAD has remained relatively stable at 1.2900

Daniel Rogers

Jul 25, 2022 11:46

截屏2022-07-25 上午9.52.23.png 

 

For now, the USD/CAD is struggling due to its inability to stay above the 1.2920 level. Selling pressure and a decrease in the asset are to be expected as investors await the Federal Reserve's interest rate announcement (Fed). The asset has been trading in a range of 1.2855 to 1.2937, but it showed strong recovery on Friday after maintaining its position around the weekly support level.

 

On Wednesday, the Federal Reserve (Fed) will declare its monetary policy, hence the US dollar index (DXY) is likely to remain quiet until after the Fed's announcement. Because of the ongoing damage to US households from rising prices, an announcement of a rate hike is expected soon. The scale of the same, though, will remain the primary worry. There is a good possibility that the Fed will implement a second rate hike of 75 basis points (bps).

 

There is no question that the financial community has not found a significant indication that may suggest that the pricing pressures have reached their limit, but slowdown indicators have intensified as Friday's PMI remained negative and big-name Wall Street earnings are not appealing to investors.

 

The loonie remained weak even after the release of Canada's Consumer Price Index (CPI). Total inflation for the year was 8.1%, which was up from 7.7% in the previous report but lower than the 8.4% forecast. There was also a rise of 10 basis points in the core CPI, which now stands at 6.20 percent rather than the previous edition's 6.10 percent.


Suggestion