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Forex
Canada Unemployment Rate rises to 6.9% in April vs. 6.8% expected
The Unemployment Rate in Canada rose to 6.9% in April.USD/CAD trades marginally lower on the day near 1.3900.The Unemployment Rate in Canada edged higher to…
Stocks: Steady on trade talk optimism
Will the weekend trade talks push stocks to new highs?The S&P 500 gained 0.58% on Thursday, but closed below the important 5,700 resistance level following…
US Dollar Index pressured with markets bracing for trade talks over the weekend
The US Dollar Index extends gains to 100.86 on Friday before reversing course. Trump floats 80% tariff on Chinese goods, urging China to open up economy to US…
USD/CAD ticks higher to near 1.3920 as Canadian unemployment accelerates
USD/CAD rises to near 1.3920 after the release of the Canadian labor market data.The Canadian jobless rate accelerated at a faster-than-expected pace to…
EIA lowers forecast for US oil production – Commerzbank
The US Energy Information Administration (EIA) has revised its forecast for US crude oil production downwards, Commerzbank's commodity analyst Carsten Fritsch…
China’s Copper ore imports at record level – Commerzbank
Trade data from China also supports the impression of continued strong demand for Copper in the most important market for the metal, which is essential for…
USD/JPY corrects to near 145.00 as US Dollar retraces, US-China trade talks in spotlight
USD/JPY falls back to near as the US Dollar corrects ahead of trade talks between the US and China.US President Trump announced that tariffs on China could be…
Pound Sterling surges against US Dollar ahead of US-China trade talks
The Pound Sterling jumps to near 1.3300 against the US Dollar ahead of the US-China meeting over the weekend.Investors have cheered the US-UK trade deal…
Mexican Peso breaks support in anticipation of US-China trade talks
The Mexican Peso dismisses weak Consumer Confidence as traders remain focused on key sentiment drivers.US-China trade talks this weekend remain key for the…
GBP/USD gains on US-UK agreement, holds near 1.33
US-UK trade deal supports the Sterling; Trump keeps 10% tariffs but opens broader market access.BoE cuts rates by 25 bps in three-way split vote and traders…