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Tuesday, 26 November 2024, 17:00 – US CB Consumer Confidence The latest U.S. CB Consumer Confidence Index for showed a strong improvement to 108.7, surpassing both the forecast of 99.5 and the previous month’s 99.2. This rebound indicates heightened optimism among U.S. consumers about current and future economic conditions. Key drivers included robust job marketContinue Reading

Fundamental Analysis * Dollar Dominance: The Canadian Dollar struggles to hold its ground as the U.S. Dollar gains strength, fueled by growing doubts about the Federal Reserve’s timeline for rate cuts. Speculation is increasing that the Fed may opt for a more cautious approach to easing rates. On Thursday, Chicago Fed President Austan Goolsbee indicatedContinue Reading

Fundamental Analysis * Safe-Haven Bid: Gold prices have surged against the dollar, driven by increased safe-haven demand amid escalating tensions between Russia and Ukraine. Recently, Moscow lowered its threshold for nuclear retaliation in response to Ukrainian attacks. This decision came after reports that the U.S. had approved the use of long-range missiles by Ukraine againstContinue Reading

Fundamental Analysis * BoJ Uncertainty: The Japanese Yen (JPY) gave up a significant portion of its earlier gains and weakened against the US Dollar due to uncertainty surrounding the timing of the Bank of Japan’s (BoJ) next rate hike. BoJ Governor Kazuo Ueda recently stated that the economy is moving towards sustained inflation driven byContinue Reading

Fundamental Analysis * Greenback Pause: The Canadian Dollar adopted a more positive stance, recovering against the U.S. Dollar. This shift is primarily due to a slowdown in the recent surge of U.S. Dollar buying, rather than strong demand for the Loonie. With U.S. economic data remaining muted this week, markets are experiencing a break fromContinue Reading