A week ahead preview: Traders haven't seen enough volatility throughout last week; anyway they will have to get ready for a sweep of Rate Decisions next week. Get ready for the upcoming week by looking at the past week's Market performance, what changed and the key events to expect in next week)
Forex
Scotiabank strategists Shaun Osborne and Eric Theoret note that the Canadian Dollar is sliding on weaker Canadian employment data and geopolitical concerns, even as US data also softens.
Commodities
Markets keep getting shaken by Oil's resilient rebounds. Firms are hedging for weekend risk and this is not faring well neither with risk-assets or metals.
Explore today's session flows right here.
Forex
USD/CAD extends its advance on Friday as the Canadian Dollar (CAD) weakens across the board after Canada’s latest employment report surprised to the downside, while firm US Dollar (USD) demand amid the ongoing US-Iran war adds further pressure on the Loonie.
Forex
Rabobank’s FX Strategy team has lowered its short-term EUR/USD projections, citing prolonged disruption in the Strait of Hormuz and higher Oil and gas prices.
Forex
AUD/USD trades lower on Friday at around 0.7040 at the time of writing, down 0.46% on the day, after hitting a multi-year high at 0.7187 earlier in the week. The pullback comes as the US Dollar (USD) strengthens and risk sentiment deteriorates across financial markets.
Crypto
Crypto update: Cryptocurrencies remain insulated from broader market sell-offs. Despite a six-month slump following October highs, record Ethereum on-chain activity and Bitcoin scarcity limit selling pressure. Explore an intraday technical analysis of the cryptocurrencies as they attempt a meaningful bounce.
Forex
Brown Brothers Harriman’s (BBH) Elias Haddad reports that GBP/USD has dropped below 1.3300 and remains vulnerable after UK GDP unexpectedly stalled in January. Zero monthly growth leaves output below the Bank of England’s Q1 projection.
Equities
Jet fuel prices have surged sharply due to supply tensions linked to Middle East disruptions. The spike reflects a shortage of refined products rather than crude oil, as indicated by soaring refining margins. Because the region is a major exporter of petroleum products and Europe depends heavily on imported jet fuel, any disruption in Gulf supply routes quickly drives prices higher.
Forex
NZD/USD extends its decline on Friday, trading around 0.5820 at the time of writing and down 0.58% on the day. The pair records a fourth consecutive daily loss as the US Dollar (USD) strengthens amid rising geopolitical tensions and renewed inflation concerns.
