Market Fundamentals: The Bank of Canada (BoC) has implemented a significant 50 basis point rate cut, lowering the main interest rate to 3.25%. With Canada’s unemployment rate hitting multi-year highs, the BoC has ample justification to overlook...
Market Fundamentals: RBA Governor Michele Bullock emphasized that "underlying inflation is still too high to be considering lowering the cash rate target in the near term." While such statements typically provide support to the currency, the AUD/USD...
Market Fundamentals: Crude oil prices remain under pressure as concerns over slowing global demand overshadow the initial market reaction to an interest rate cut by the People’s Bank of China (PBOC). Despite efforts to stimulate economic growth,...
The GBP/USD wool structure remains somewhat ambiguous but generally clear. There is currently a high probability of long -term mining. The main question concerns the expected wave 2 within 1 that seems unconvincing. On the contrary, Wave 5 looks...
Oil prices fell to January lows Oil prices fell to January lows on Thursday due to concerns about the possible imposition of U.S. tariffs on oil imports from Mexico and Canada, the largest suppliers of raw materials to the United States. By...
