Author: FX

Will Canada’s February CPI data support the Bank of Canada’s (BOC) inflation concerns? Or will we see a downside surprise that could reignite interest rate cut hopes? Here’s what to expect for this top-tier catalyst: This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link

This week, our currency strategists focused on the BOC Monetary Policy Statement (March 2025) and its potential impact on the Canadian dollar for potential high-quality setups. Out of the four scenario/price outlook discussions this week, one discussion arguably saw both fundie & technical arguments triggered to become potential candidates for a trade & risk management overlay. Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial step towards creating a high quality discretionary trade idea before working on a risk & trade management plan. If you’d like to follow our “Watchlist” picks right when…

​China’s Zhejiang province has launched a trade-in subsidy program offering up to 15,000 RMB for new electric vehicle (EV) purchases and 13,000 RMB for gasoline-powered cars. This initiative aligns with national efforts to boost vehicle sales and promote cleaner transportation.​Nationally, China has extended EV purchase tax exemptions through 2027, with a maximum exemption of 30,000 RMB until the end of 2025, decreasing to 15,000 RMB from 2026 to 2027. Additionally, the central government provides subsidies for new energy vehicles (NEVs), including EVs, plug-in hybrids, and fuel cell vehicles, with amounts varying based on vehicle specifications and battery range.​Other regions have…

On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1688 as compared to Friday’s fix of 7.1738 and 7.2199 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth. China’s central bank also aims to implement financial reforms, such as opening and developing the financial market. The PBoC is owned by the state of the People’s Republic of China (PRC), so it is not considered an autonomous institution. The Chinese Communist…

Are you having trouble predicting market moves in forex trading? Pivot points analysis can help. It’s a key tool for spotting support and resistance levels. This is vital for making smart trading choices. But, many traders don’t use it to its full extent. They miss out on important insights. Learning to use pivot points can boost your trading strategy. It might even help you make more money in the fast-paced forex market. Key Takeaways Pivot points help identify support and resistance levels in forex trading They’re calculated using previous session’s high, low, and close prices Movement above the pivot point…

US equity index futures have reopened for trade for the week. Globex opens at 6pm US Eastern time on Sunday evening. Bessent has continued intervening in equity pricing, pushing markets lower with his weekend comments in an interview on NBC’s “Meet the Press”:Bessent said he was “not at all” worried about the stock market “I’ve been in the investment business for 35 years, and I can tell you that corrections are healthy. They’re normal. What’s not healthy is straight up””You get these euphoric markets. That’s how you get a financial crisis”More at that link above. For traders, the enhanced volatility…

Sangamo Therapeutics Q4 Earnings Preview Source link

US vows to keep hitting Houthis until shipping attacks stop Source link

Rubio says US could engage in new trade deals after tariffs imposed Source link

UPCOMING EVENTS:Monday: China Industrial Production and Retail Sales, US Retail Sales, US NAHB Housing Market Index.Tuesday: German ZEW, Canada CPI, US Housing Starts and Building Permits, US Import Prices, US Industrial Production and Capacity Utilization.Wednesday: BoJ Policy Announcement, FOMC Policy Announcement.Thursday: Australia Employment report, PBoC LPR, UK Employment report, BoE Policy Announcement, US Jobless Claims.Friday: Japan CPI, Canada Retail Sales. MondayThe US Retail Sales M/M is expected at 0.6% vs. -0.9% prior, while the ex-Autos figure is seen at 0.4% vs. -0.4% prior. The focus will be on the Control Group figure which is expected at 0.2% vs. -0.8% prior.…