Market News

The Canadian dollar fell against the greenback on Thursday to its lowest level in more than eight months as traders reassessed how many more times the Bank of Canada was likely to raise interest Rates this year.

Germany said on Thursday that any escalation of U.S. President Donald Trump’s tariffs on metal imports into a full-blown trade war could cause tangible damage to the global recovery, although the tariffs themselves should have only a limited effect.

The number of Americans filing for unemployment benefits fell last week, pointing to sustained labor strength even as economic growth appears to have slowed early in the first quarter.

Oil prices inched up on Thursday after earlier losses, supported by a pickup in equity markets, but limited by evidence that supply will overtake demand this year.

The yen’s domination against its peers is still unchallenged since the yen only extended its gains during the session. As for other currencies of note, we have the Kiwi, which got swamped by sellers, and the Swissy, which had a good showing despite the SNB.

A break in the recent global trade war squalls helped lift European stocks on Thursday and cooled demand for the markets’ traditional safety plays of government bonds and gold.

France’s central bank on Thursday revised up slightly its 2018 growth forecast to 1.9 percent, after the French economy enjoyed its strongest growth in six years in 2017.

Asian stocks sagged on Thursday while government bonds attracted safe-haven demand amid mounting investor concerns that growing trade tensions will hurt the global economy.

With not a lot of fresh catalysts to price in, forex traders focused on the recent shakeup in Trump’s administration and its impact on global trade.

Weaker than expected consumer spending figures led to a dip for the Greenback but it was quick to get back on its feet and end the session mostly unchanged.

German lawmakers voted on Wednesday to re-elect Angela Merkel as chancellor for a fourth, and likely final, term that may prove her most challenging yet as she takes charge of a fragile coalition with her personal standing diminished.

U.S. retail sales fell for a third straight month in February as households cut back on purchases of motor vehicles and other big-ticket items, pointing to a slowdown in economic growth in the first quarter.

Today’s morning London session was rather lively with the Aussie and the euro standing out, since the former easily steamrolled its peers during the course of the session while the latter was swamped by sellers.

Oil edged up on Wednesday as strong Chinese factory activity encouraged investor inflows into industrial commodities such as copper, although fast-growing U.S. crude output tempered price gains.

Yesterday, BOC Governor Stephen Poloz gave a lecture which caused the Loonie to slide hard across the board. Why? What did Poloz have to say? Well, here are two major takeaways from Poloz’s speech that you need to know about.

China’s real estate investment over the first two months of 2018 grew at it strongest pace since 2015, with developers rushing to roll out new projects as a government crackdown on risky financing triggered worries about future financing.

China’s industrial output grew much faster than expected at the start of the year, suggesting the economy may be picking up momentum even as U.S. President Donald Trump readies hefty tariffs.

Comdolls cheered China’s better-than-expected data, but forex price action was dominated by concerns over Tillerson’s exit from Trump’s camp.

Alphabet Inc’s Google said on Wednesday it will ban advertisements for cryptocurrencies and related content starting in June.

U.S. President Trump seems to be having flashbacks of his days on The Apprentice as he went “You’re fired!” to Secretary of State Rex Tillerson and plans to sack more White House folks.