The Oil price continues to bleed as reciprocal tariffs announced by US President Trump have stoked fears of a global economic slowdown. A potential tariff…
The eight OPEC+ countries with voluntary production cuts surprisingly announced yesterday that they would increase production by 411 thousand barrels per day in May. That…
USD/CAD climbs to near 1.4240 after the release of the employment data of both the US and Canada. The Canadian economy saw significant lay-offs while…
Pound Sterling weakens despite UK seems in better position after Liberation Day The Pound Sterling (GBP) underperforms its major peers, except antipodeans, on Friday. The…
US Dollar (USD) is likely to trade in a 145.20/147.50 range vs Japanese Yen (JPY). In the longer run, too early to expect weakness to…
Brent has pulled back after facing strong resistance around the 200-DMA ($76) recently, Societe Generale’s FX analysts report. Brent to reach $63 in the near…
The Silver price even slumped by more than 6% at times yesterday and slipped further today to USD 31.2 per troy ounce, Commerzbank’s commodity analyst…
The Unemployment Rate in Canada rose to 6.7% in March as expected. USD/CAD clings to strong daily gains near 1.4200 after the data. The Unemployment…
AUD/USD falls like there is no tomorrow due to a significant acceleration in RBA dovish bets. The RBA is expected to cut its Official Cash…
Apple stock sinks to June 2024 levels on Friday. UBS calls Trump tariffs a $700B tax on US consumers. Apple production will be hit hard…