Author: FX

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…

Amid a better risk mood so far this week, the dollar has also struggled a fair bit. The fate of the currency seems tied to oil prices, which are also losing a bit of traction despite WTI crude keeping above $90 levels. Likewise, the dollar might still be trading well higher compared to where we were at the start of the month but is the momentum starting to wane?Well, things are certainly heating up as we get into European trading later with these two key charts to keep an eye out for. The first being EUR/USD as it ramps back…

Gold prices fell in Philippines on Wednesday, according to data compiled by FXStreet.The price for Gold stood at 9,548.03 Philippine Pesos (PHP) per gram, down compared with the PHP 9,588.20 it cost on Tuesday.The price for Gold decreased to PHP 111,366.40 per tola from PHP 111,834.90 per tola a day earlier.Unit measureGold Price in PHP1 Gram9,548.0310 Grams95,480.49Tola111,366.40Troy Ounce296,977.20FXStreet calculates Gold prices in Philippines by adapting international prices (USD/PHP) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge…

Alvopetro Energy Non-GAAP EPS of $0.15, revenue of $15.8M Source link

Canada’s latest headline Consumer Price Index (CPI) dropped to 1.8% in February, landing a couple of notches below the Bank of Canada’s 2% target for the first time in years. Mission accomplished, right? Not quite. Behind that tidy number is a cocktail of tax distortions, stale data, and a geopolitical shock already rewriting the inflation outlook in real time. Here’s what’s actually going on and what it means for the Canadian dollar. Headline vs. Core: What’s the Difference? Before diving in, it helps to understand the two main ways inflation gets measured. Headline inflation is the “everything” number. It captures…