That (the discussion) is not happening We have not seen enough evidence of inflation moving to 2% yet to be confident Well, either way markets are still convinced that we’ll get to this point by some time during the middle of next year. For now, with inflation still needing to trend lower, we can’t expect
Policy is in a very good place Risk of over tighten and under tightening are balanced News on inflation has been fairly good It is far too early to declare a victory Not ready to say what that next move will be. Policy is significantly restrictive Not sure policy restrictive enough at current settings Need
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Share: The Canadian Dollar ended the trading week flat against the US Dollar. A Retail Sales beat sees little positive momentum for the Loonie as markets remain USD-focused. Steady Crude Oil prices aren’t hurting the CAD, but aren’t helping it either. The Canadian Dollar (CAD) is seeing some minor lift on Friday, but
Share: DXY comes under pressure following recent peaks. A move to 108.00 still appears in store near term. DXY faces some selling pressure after climbing to new 2023 tops in the 107.30/35 band on Tuesday. In light of the ongoing price action, extra gains appear likely in the dollar for the time being.
Market sentiments continue to reel in from the post-Fed meeting jitters (DJIA -1.08%; S&P 500 -1.64%; Nasdaq -1.82%), as the US 10-year Treasury yields rose to another fresh 17-year high near the 4.50% handle amid a high-for-longer rate outlook. Some resilience in the US labour market, reflected from lower-than-expected read out of US jobless claims
Recommended by IG Forex for Beginners Market Recap Despite a resilient start to the week, Wall Street did not manage to find much follow-through overnight (DJIA -0.51%; S&P 500 -0.28%; Nasdaq +0.06%), as elevated Treasury yields and the lack of further heavy-lifting by Nvidia (-2.8%) kept a cautious tone in place. The US two-year yields