Fed's Beige Book describes modest growth and moderate price increases
The Fed's Beige Book shows modest economic growth and moderate inflation since July, with mixed outlooks.
The Fed's Beige Book shows modest economic growth and moderate inflation since July, with mixed outlooks.
BOC Governor Macklem comments on inflation risks and policy outlook, influencing the CAD.
Bank of Canada kept policy rate unchanged, citing a broadening recovery but increased upside risks to inflation from energy prices and trade uncertainty.
US factory orders rose 0.9% in July, above the 0.6% forecast. Durable goods orders matched preliminary figures.
The Bank of Canada held its overnight rate at 2.25%, noting increased inflation risks and trade uncertainty from US tariffs.
USDCAD traders watch BOC decision; technical levels at 1.3882 support and 1.39179 resistance guide the bias.
Fed Chair Warsh's hawkish tone pushed September rate hike probability to 57%, while Nvidia earnings provided temporary support.
Global bond yields rose to multi-year highs, keeping European markets on edge. Equities fell, while USD/JPY pulled back from 160.40.
European natural gas prices surged to a three-year high as storage levels fell to a 13-year low, raising winter supply concerns.
US stock futures fell as bond yields continued to climb, with the 10-year yield hitting its highest since October 2023.
Gold futures down over 8% from August peak; dip-buying opportunity conditional on reclaiming 4,360-4,361.
Ethereum dropped Friday after hawkish Fed comments, with the 2,350-2,550 range key for next trend direction.
S&P 500 has slipped below 7,640 support amid hawkish Fed bets and US-Iran escalation; the market sees a 67% chance of a September hike.
The 'widowmaker' trade illustrates that correct market predictions fail without proper timing, as Japan's yields finally rose after decades.
Silver fell after Fed Chair Warsh's hawkish remarks, reversing Treasury gains. Market eyes US CPI data for rate path clues.