Author: FX

Here is what you need to know for Thursday, March 19:The Federal Reserve (Fed) held interest rates at 3.50%-3.75% at its monetary policy meeting on Wednesday. The decision was widely expected by markets, but the hawkish tone of Chair Jerome Powell and the Summary of Economic Projections (SEP), with only two rate cuts projected for 2026 and 2027, lifted the US Dollar. At the press conference, Powell claimed, “Near-term higher energy prices will push up overall inflation,” and said that if he doesn’t see progress on inflation, it’s hard to cut rates.Meanwhile, market players remain cautious amid the Middle East…

Sectors of the day: Consumer Discretionary and Healthcare Source link

A wave of headlines crossed the wires in the final minutes of trading, adding to an already tense backdrop.On the political front, President Trump appears to be distancing himself from rising gasoline prices, instead shifting focus to Vice President Vance, who is set to meet with oil executives as the administration looks to address the surge in fuel costs and its impact on consumer sentiment and approval ratings. Gas prices have risen sharply, with the AAA national average climbing to $3.84, up nearly $1 from $2.92 just a month ago—a roughly 31% increase. Vance indicated that the administration expects to…

The Producer Price Index for final demand increased 0.7% in February, above the 0.5% consensus forecast, according to data released today by the U.S. Bureau of Labor Statistics. On an unadjusted basis, the index for final demand rose 3.4% for the 12 months ended in February, the largest 12-month advance since increasing 3.4% in February 2025. Key points from the PPI report: Headline PPI: +0.7% month-over-month (0.5% forecast, 0.5% previous) Year-over-year PPI: 3.4% (2.9% forecast, 2.9% previous) Core PPI (ex food and energy): +0.5% month-over-month Final demand services: +0.5% Final demand goods: +1.1% Link to BLS February PPI Report The…

TD Securities strategists report that the Bank of Canada (BoC) kept its policy rate at 2.25% and dropped guidance that the current rate is appropriate. They now see growth risks tilted lower and inflation risks higher, with near-term policy risks skewed toward easing unless a prolonged Middle East conflict forces a reassessment.Growth risks down, inflation risks up”The Bank of Canada held rates at 2.25% as widely expected, as the policy statement struck another cautious tone by leaning into softer economic data since January. The Bank noted that risks to growth are now tilted to the downside, while inflation risks are…

New Commerce Split Fund PFD SHS CL I declares CAD 0.025 dividend Source link

Israel launched an attack that struck the South Pars petrochemical facilities in Asaluyeh in southern Iran. A report from Axios said it was coordinated and approved by the US.In response, Iran said it will warn Gulf allies that a response is coming. A Fars report said “Iran will hit enemy sites that were previously thought as safe”. Al Jazeera said Israel is now targeting civilian infrastructure in a “major escalation”.Brent crude is up 4% in the aftermath of the attack with prices hitting $108.10.In turn, S&P 500 futures are down 35 points and the US dollar strengthening. Source link

The United States (US) Federal Reserve (Fed) announces its interest rate decision on Wednesday, a pivotal meeting for markets to gauge the stance of the world’s most important central bank after an energy shock that could put the Fed’s dual mandate in tension. While the main decision on interest rates is a given, the surge in Oil prices after the Iran war adds a layer of uncertainty that could turn this meeting into much more interesting – and more volatile for markets – than initially expected.  Markets widely expect the Federal Open Market Committee (FOMC) to keep the policy rate unchanged…

Energy Vault targets $225M–$300M revenue for 2026 while growing contracted megawatts and backlog Source link

The MT5 Exit Indicator is a momentum-based tool that generates sell signals for long positions and buy signals for shorts when specific price conditions are met. Unlike generic moving average crossovers, this indicator focuses exclusively on exit timing, not entries. It tracks the relationship between price action and volatility bands, triggering alerts when momentum begins to weaken. The indicator displays as colored arrows or dots on the chart. A red arrow above the candle signals a potential exit for longs, while a blue arrow below suggests covering shorts. The logic centers on identifying the moment when a trend loses steam…