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Loonie after BoC rate hike!
USDCAD and Thursday's employment numbers. On Wednesday, the Canadian central bank raised the rates by 50 basis points, as was widely expected. This is while the Reserve Bank of Australia already started slowing the pace of rate hikes and raised...
The yield curve and what we need to know
Higher risks and lower bonds are what we can guess with more probability.The yield curve graphs the relationship between bond yields and bond maturity. It captures the perceived risks of bonds with various maturities to bond investors. (Investopedia)...
Oil ignoring weekly inventory reports.
EIA lowered its demand, and fear of recession increasedLike every Tuesday and Wednesday, we had API and EIA weekly inventory reports. According to Tuesday's American Petroleum Institute report, the levels of US crude oil inventories fell by -6.426M b...
Correction after a sharp rise or fear of recession?
Stocks across the globe are losing for the fourth straight session.After two months of growth, US Stock markets dropped for a fourth straight session on Tuesday. Oil also fell sharply and, with Brent futures at $79 a barrel, is back where it began th...
Global Economic Outlook | December 2022
Everything is about Inflation and Interest Rates! Fears over a deep recession have made policymakers think twice before going towards more tightening policies. Therefore, the outlook of less hawkish policies changed the market sentiment at the e...