Fundamental view: The Euro dropped against the US dollar during the trading course of the week. The Federal Reserve policymakers hawkish stance favored the greenback meanwhile escalating Ukraine – Russia saga weighed on the Euro. US Federal Reserve Chair Jerome Powell aggressive speech helped the dollar. A slew of Fed members along with Powell favored the 50bps [...]
An uptick in crude oil prices underpins the commodity-linked loonie. Markets sentiment remains sour about the lack of progress in the Russia-Ukraine peace negotiations. Jonathan Wilkinson said Canada can help improve global energy security by increasing oil and gas exports following Russia's invasion of Ukraine. The Canadian dollar trades high against the US dollar [...]
The yellow metal climbs higher amid the lack of progress in the Russia-Ukraine peace talks. A firmer dollar backed by hawkish Fed puts a cap on gold's gains. Analyst say "Investor demand was also boosted by higher energy prices, which will put further pressure on inflation.” The yellow metal trades high against the US [...]
If CPI unfolds above or meets the preliminary estimate then it will create hope for one more rate hike from BoE. The market prices with a 72.2% probability that the Fed will hike the fed fund rates by 50 basis points in May. President Volodymyr Zelenskiy said Talks between Ukraine and Russia are confrontational but [...]
