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Forex
WTI trades around $71.50, recovers recent losses due to rising supply concerns
WTI gains ground due to heightening fears of supply disruptions amid rising uncertainties in the Middle East.
Israel launched strikes on southern Beirut…
Australian Dollar gains ground following domestic PMI release
The Australian Dollar remains stronger after the release of Purchasing Managers Index data on Thursday.
Australia's Judo Bank Services PMI inched up to 50.6…
Tesla results shine, as stock price surges
Tesla has delivered a strong set of Q3 results that beat expectations. Earnings per share was $0.72 vs. $0.59 expected, profits were 20% higher than expected, and revenue growth…
GBP/USD skids into new ten-week low ahead of global PMI prints
GBP/USD backslid half of a percent on Wednesday.
Global PMIs including the UK and the US are due throughout Thursday.
Central banker appearances to…
EUR/USD sinks again, taps new 16-week bottom
EUR/USD is down eight-tenths of a percent for the week.
Fiber bids are getting crushed by waffling speech from ECB planners.
EU and US PMI figures due on…
Gold drop as US yields rise, markets await Retail Sales data
Gold retreats from all-time high of $2,758 as US 10-year Treasury yields rise, reflecting fears of higher deficit spending under a potential Trump…
Forex Today: Markets’ focus shifts to the release of flash PMIs
Further gains saw the Greenback retest the area of three-month tops, helped by a decent bounce in US yields across the curve, persistent uncertainty around the…
Canadian Dollar weakens further after outsized BoC rate cut
The Canadian Dollar shed a further fifth of a percent against the Greenback.
The Bank of Canada delivered a widely-expected 50 bps rate trim on Wednesday.…
Dow Jones Industrial Average extends decline on Wednesday
The Dow Jones bottomed out around 550 points lower, or over 1.3% on Wednesday.
Markets have returned to worrying that interest rates will stick higher for…
BoC to quickly return to a more neutral policy stance – NBC
There may have been some headline uncertainty going into this decision, but markets and economists were clearly leaning towards this outcome. It’s the right…