The Canadian Dollar (CAD) is softer, losing ground against a generally stronger USD, Scotiabank’s Chief FX Strategist Shaun Osborne notes. USD’s technical undertone is weakening…
Will the S&P 500 find a short-term bottom after opening much lower again? The S&P 500 plummeted 4.84% on Thursday, crashing below the 5,400 level…
US equity indices plunge more than 3% on Friday. China responds with 34% tariff on US goods. Wall Street warns that tariff war will ignite inflation,…
GBP/USD plunges below 1.2950 on risk aversion The Pound Sterling tumbles sharply against the US Dollar, falling more than 1% on Friday as risk appetite deteriorates after China imposed…
Federal Reserve (Fed) Chairman Jerome Powell said on Friday that US President Donald Trump’s tariffs are bigger than expected, and they risk higher inflation and…
Kazakhstan’s oil production is said to have risen to a new record level in March, Reuters reported, citing informed sources, Commerzbank’s commodity analyst Carsten Fritsch…
Euro (EUR) is soft, down 0.4% vs. the US Dollar (USD) and trading back around the 1.10 level with a modest fade of Thursday’s impressive…
Pound Sterling (GBP) is weak, down a meaningful 0.8% vs. the USD while still trading relatively well vs. most of the riskier G10 currencies, Scotiabank’s…
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…