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USDCAD after BoC meeting
Bank of Canada hikes the rates!As widely expected, the Bank of Canada (BoC) lifted interest rates by 50 bps from 1.0% to 1.50% on Wednesday. However, we had many other analysts looking after a 75 bps rate hike.Canadian central bank increased the rate...
The energy sector is the market savior, SP holding above 4,000
FED uncertainty, CPI, and Energy sector behavior! On Tuesday, after Monday's recovery, leading US indices closed lower. However, SP500 still moves above the 4,000 critical level as energy stock. Before going to check more economic data and more,...
USD and Yields are growing Gold falling
Stock markets grow on China news and ahead of central banks' speakers. So far, we have had some positive news in the market to start the last month of the third quarter with green numbers. China almost abolished the Corona restrictions, Australi...
It is finally something! EU is sanctioning the Russian oil.
WTI and eyes on new records.Today oil prices jumped again as finally EU members reached a common point of view and agrees to the Russian oil embargo. The sixth sanctions package says that the EU will end imports of Russian crude and refined products...
Fears in Eurozone sent the stocks lower!
Threatening inflation puts the ECB in the spotlight.It was predictable that it would increase, but not to 8.1%. The latest data show that Eurozone inflation increased to 8.1% in May on the annual scale (HICP), much more than the 7.7% estimates and 7....
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