USD/CAD Little Changed after the BoC Hold
The Bank of Canada held rates at 5.0% on Wednesday, but the pair was little changed, maintaining its positive tilt ahead of the 2023 high
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. With extensive experience in market analysis and a strong foundation in international relations, he brings a unique perspective to financial markets. Nikos emphasizes not only technical analysis but also on fundamentals and the growing influence of geopolitics on financial trends.
As a Senior Financial Editorial Writer, he delivers comprehensive and forward-looking insights across a wide range of asset classes, including equities, commodities, and currencies. His work explores how macroeconomic events, political developments, and global policies impact market dynamics, providing readers with a deeper understanding of both short-term movements and long-term trends.
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The Bank of Canada held rates at 5.0% on Wednesday, but the pair was little changed, maintaining its positive tilt ahead of the 2023 high
UK-based chip designer Arm has filed for a NASDAQ listing, in one of the most anticipated IPOs in years and sees interest from tech giants for its shares
The pair slumped to 2023 lows after the Reserve Bank of Australia maintained rates at 4.1% yesterday, but catches a breath today as AU Q2 GDP came in better than expected
Watch today’s US Open for insights on the rate hold by the Australian central bank, demand for USD amidst cautious market sentiment and oil cuts extension by Saudi Arabia and Russia
The pair extends this month’s fall and threatens critical support, amidst broader USD strength and the contraction of the UK’s services sector in August
The Reserve Bank of Australia kept rates unchanged for third straight meeting and last under current Governor Lowe, but once again did not shut the door on further tightening
The pair returned to profits in August and hit 2023 highs last week, sustaining the upside bias after the US data dump, which reinforced market view that the Fed is done hiking
The commodity reached new year highs after forming a technical golden cross, also helped by soft US jobs data that strengthen the case for a Fed pause and improved sentiment around China’s property market
The EV king has released its revamped Model 3 with sleeker exterior and updated interior, as anticipation is also building around the long-awaited Cybertruck
Country Garden’s default warning aggravated concerns over China’s property sector, but authorities announced action to lower mortgages, helping copper prices
Watch today’s US Open for insights on the US data dump, another poor PMI from China and continued fears around the property market and more
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