USD/CAD Little Changed after the BoC Rate Hold, Awaiting US NFPs
The pair rebounds this week, but had a limited reaction to Wednesday’s third straight hold by the Bank of Canada, looking to Friday’s US jobs report for more direction
Senior Financial Editorial Writer
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. He has a long time presence at FXCM, as he joined the company in 2011. He has served from multiple positions, but specializes in financial market analysis and commentary.
With his educational background in international relations, he emphasizes not only on Technical Analysis but also in Fundamental Analysis and Geopolitics – which have been having increasing impact on financial markets. He has longtime experience in market analysis and as a host of educational trading courses via online and in-person sessions and conferences.
The pair rebounds this week, but had a limited reaction to Wednesday’s third straight hold by the Bank of Canada, looking to Friday’s US jobs report for more direction
The pair extended its losses on Tuesday after the RBA’s dovish hold, but bounces back today despite weak AU GDP print, with the US NFPs looming
Watch today’s US Open for insights on the dovish hold by the Australian central bank, the drop in oil prices despite OPEC+ cuts, dovish ECB remarks and more
Markets were unimpressed by last week’s voluntary supply cuts by Saudi Arabia, Russia and other OPEC+ members, sending oil prices lower
The pair falls after last week’s steep deceleration in Eurozone inflation and faces renewed pressure today, after hawkish ECB member hinted at peak rates
The central bank of Australia kept rate unchanged after last month’s hike and maintained its recently softened guidance around upcoming moves
BTC/USD roars past 40K for the first time this year, helped by optimism for spot crypto ETFs and rate cuts by the Fed
XAU/USD hit new record highs on Middle East concerns and greenback decline after Friday’s speech by Mr Powell boosted market optimism for rate cuts by the Fed
The EV leader started on Thursday deliveries of its futuristic Cybertruck, after multiple delays and production challenges, but focus shifts towards cheap and mass-produced EVs
The organization of oil exporting countries and allies such as Russia, agreed yesterday to curb output by another 2.2 mbpd for the first quarter of 2024 on top of previously agreed cuts
Air traffic has been recovering from the pandemic plunge, helping airlines boost their balance sheets and plane manufacturers increase their output, but can they carry the momentum into 2024?
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