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USD/CAD remains on the defensive around 1.3655 on Friday amid the weaker USD. US GDP number expanded by 1.6% on an annualized basis in Q1 2024, compared to 3.4% growth in Q4 2023. The weaker Canadian Retail Sales data triggered speculation that the BoC might start cutting interest rates in June. The

European stocks traded higher on Wednesday, though the upside remained capped after an ECB policymaker said that a possible June rate cut might not be followed by more. Joachim Nagel, president of Germany's Bundesbank, said in a speech at the DZ Bank Capital Markets Conference 2024 that a June inter

AUD/JPY consolidates with a positive sentiment due to the eased geopolitical tensions in the Middle East. Australia's Judo Bank Composite PMI indicated a rapid expansion in the Australian private sector during Q2. The Japanese Yen encounters challenges as the yield gap widens between Japan and other

Indian shares opened on a positive note Monday as Middle East tensions eased, and investors looked ahead to a slew of U.S. data due this week for additional clues on when the Federal Reserve will cut interest rates. The benchmark S&P BSE Sensex was up 255 points, or 0.4 percent, at 73,342 in ear

Silver price retreats from day’s high amid no signs of retaliation from Iran after limited airstrike from Israel. Fed’s hawkish guidance fails to prompt US bond yields. Fed Williams is comfortable with more rate hikes if inflation remains persistent. Silver price (XAG/USD) falls back while attemptin

Cable found some footing and appears to be seeking stability after the latest inflation report. The CPI on a y/y basis was reported at 3.2%, a decrease from 3.4%. However, Cable is still ticking slightly upward because the forecast was 3.1%, and this miss has impacted sentiment. From an Elliott wave