Author: FX
Canadian Dollar markets are shuttered for a federal holiday. US markets are also quiet, further crimping volume flow from the Greenback side. Canadian CPI inflation figures due this week, as well as FOMC Meeting Minutes. The Canadian Dollar (CAD) was flat on Monday, driven into the middle by a complete lack of market volume. Canadian and US money markets are dark for matching federal holidays, and trading volumes have dried up at the start of the new trading week. Canadian Consumer Price Index (CPI) inflation figures will be the key print for Loonie traders this week. The US Federal Reserve…
Securities Canadians C$ 3.77 billion versus C$17.65 billion last monthSecurities foreigners C$ 14.37 billion versus C$13.84 billion last monthForeign investors increased their exposure to Canadian securities by $14.37 billion in December, mainly in debt securities. Meanwhile, Canadian investors acquired $3.77 billion of foreign securities, down from a $17.65 billion investment in November.As a result, international transactions in securities generated a net inflow of funds of $10.6 billion in the Canadian economy in December. For the whole year of 2024, cross-border portfolio investment resulted in a net inflow of funds in the Canadian economy of $81.1 billion. Source link
The US Dollar consolidates ahead of a very important week in geopolitics. Traders brace for headlines that could emerge from Riyadh on a possible breakthrough. The US Dollar Index (DXY) resides and looks for a direction in the mid-106 region. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, consolidates last week’s losses and trades flat at around 106.80 at the time of writing on Monday. The United States (US) economy is no longer an outlier, with several data points and the blood-red January Retail Sales data released last week pointing…
UK offers peacekeeping troops to Ukraine ahead of Paris talks Source link
On Monday, U.S. markets will be closed in observance of Presidents’ Day while parts of Canada will celebrate Family Day. On Tuesday, the focus in Australia will be on the RBA monetary policy announcement. In the U.K., traders will be monitoring the claimant count change, the average earnings index 3m/y and the unemployment rate. Meanwhile, Canada will release its inflation data. Wednesday’s key events include Australia’s wage price index q/q and New Zealand’s RBNZ monetary policy announcement. The U.K. will publish inflation data, while in the U.S., the FOMC meeting minutes will be released. On Thursday, Australia will report its…
West Texas Intermediate (WTI) Oil price advances on Monday, according to FXStreet data. WTI trades at $70.75 per barrel, up from Friday’s close at $70.70. Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $74.54 price posted on Friday, and trading at $74.60. WTI Oil FAQs WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is considered…
Nikada/iStock Unreleased via Getty ImagesTencent Holdings (OTCPK:TCEHY) shares rose to their highest since 2021 on Monday after the Chinese tech firm said its WeChat messaging app (or Weixin in Chinese) has launched beta testing with Deepseek, joining a growing list of Big Tech majors integrating DeepSeek’s Source link
Australian insurance stocks slide after opposition leader's breakup threat Source link
If you’ve ever dreamed of trading with big money but don’t have a huge bankroll, prop firms might be the opportunity you’re looking for. These firms allow traders to access significant capital in exchange for a share of the profits—without risking their own savings. Sounds like a great deal, right? Let’s break down how it all works. How Do Prop Firms Operate? Unlike traditional trading, where you need to deposit your own money into a brokerage account, prop firms provide capital to those who can prove they have the skills to manage risk and trade profitably. The Challenge & Evaluation…
This sterling pair has formed lower highs and higher lows to create a symmetrical triangle on its 4-hour time frame. Are we about to see a breakout soon and which way will it go? GBP/NZD Daily Forex Chart by TradingView GBP/NZD is closing in on its symmetrical triangle support around the 2.1950 minor psychological level just as the U.K. gears up to print top-tier data while the RBNZ decision is lined up. Will these top-tier events spur a triangle bounce or breakdown? Remember that directional biases and volatility conditions in market price are typically driven by fundamentals. If you haven’t…