Forex

USD/CAD: What to Expect from BoC Next Week?

Canada’s central bank is set to announce its next rate decision on Oct. 23, with Canadian banks largely anticipating a 50-basis-point cut. A similar reduction is also expected at the BoC's final meeting of the year on Dec. 11....

Hours to Go: Will ECB Cut Rates?

The euro zone economy flashed modest signs of life earlier this week, with a series of indicators suggesting tepid but still growing activity for a region that has narrowly avoided recession for over a year....

Oil Oversold? Middle East Risks Remain

Oil prices are cooling off as concerns over the nature and scale of Israel’s retaliation to Iran become known. Israeli Prime Minister Benjamin Netanyahu has indicated to the Biden administration that they will be targeting military rather than oil nor...

Euro Drops, Gold Holds for Now: What’s Next?

Gold's recovery faltered on Monday as the U.S. dollar surged to a nine-week high, curbing upward momentum for the precious metal. The greenback’s strength was bolstered by the euro’s decline, which fell for the 11th time in 12 sessions as...

GBP Ready to React to UK Inflation Dip?

UK inflation is forecast to dip below the key 2.0% threshold this week, according to economists monitoring the country’s inflation. Morgan Stanley analysts anticipate a larger-than-expected decline, driven by falling airfares and hotel prices—key components of services inflation....

Is a New ECB Rate Cut Just Days Away?

European Central Bank (ECB) President Christine Lagarde signaled that weaker-than-expected inflation will be on the agenda at the central bank’s October meeting next week. This has fueled speculation that policymakers could move to cut rates again....

EUR/USD in Trouble? BofA May Think So

Bank of America (BofA) anticipates that the European Central Bank (ECB) will reduce interest rates more aggressively than what is currently reflected in the EUR/USD....

BTC/USD: HBO Set to Unmask Satoshi

HBO’s documentary Money Electric: The Bitcoin Mystery, airing tonight at 9:00 p.m. EST, is expected to present compelling evidence on the identity of Bitcoin's creator, Satoshi Nakamoto....

NZD Sinking as RBNZ Preps 50bps Cut

The Reserve Bank of New Zealand (RBNZ) is widely expected to slash the Official Cash Rate by 50 basis points this Wednesday, a move that's adding pressure on the New Zealand dollar....
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