Trump threatens France with new tariffs Gold prices surge on safe-haven demand US dollar under pressure across the board USDCAD open: 1.3826, overnight range 1.3825-1.3879, close 1.3872, WTI 59.61, Gold 4726.90 The US dollar weakened broadly, global equity markets sold off, US Treasury yields moved higher, and gold surged. The Bank of […]
Canada CPI expected at -0.2% m/m in December Risk aversion rises on Trump’s latest tariff salvo US dollar slides despite rise in Treasury yields USDCAD open: 1.3887, overnight range 1.3884-1.3918, close 1.3917, WTI 58.98, Gold 4671.72 US markets are closed for Martin Luther King Day The Canadian dollar sank after Prime Minister Mark Carney […]
US Retail Sales and PPI data on tap Prime Minister Carney is in China US dollar opens with small bid USDCAD open: 1.3888, overnight range 1.3880-1.3898, close 1.3893, WTI 61.95, Gold 4631.21 The Canadian dollar was an afterthought in a dull overnight session even though gold and oil prices climbed sharply. The Canadian dollar […]
US inflation expected to have ticked higher in December USDJPY soars on rising odds of a “snap” election call US dollar opens with small gains across the board USDCAD open: 1.3883, overnight range 1.3868-1.3888, close 1.3880, WTI 60.33, Gold 4586.60 The Canadian dollar drifted sideways in a quiet session as markets waited on this […]
Trump administration subpoenas Fed Chair Powell Gold prices soar US dollar opens under pressure. USDCAD open: 1.3876, overnight range 1.3868-1.3918, close 1.3915, WTI 58.80, Gold 4594.05 The Canadian dollar traded in a wide USDCAD band (1.3642–1.4013) since early December and closed out 2025 with a 4.39% annual gain. It is a surprisingly resilient outcome […]
Economic Outlook and Summary December delivered its usual mix of end-of-year central bank meetings to a shrinking pool of interested observers, as many traders and desks had closed their books for the year. The European Central Bank left rates unchanged and indicated rates would remain unchanged for the foreseeable future. Across the English Channel, the […]
Divergent Fed and BoC monetary policy outlooks lifting Loonie. Lots of US data today, although the quality is questionable. US dollar opens with losses across the board. Merry Christmas and Happy New Year from Knightsbridge Foreign Exchange. This is the final commentary update of 2025, and will resume on January 5, 2026. We […]
Bank Of Japan hikes rates to 0.75% Global equity markets are ending the week quietly US dollar opened with small gains after quiet session USDCAD open: 1.3794, overnight range 1.3770-1.3798, close 1.3780, WTI 56.02, Gold 4328.22 The Canadian dollar is adrift in a dull holiday market. The only excitement today may come from the […]
US CPI data ahead Bank of England cuts rates in 5-4 decision US dollar opens mixed after quiet overnight session USDCAD open: 1.3779, overnight range 1.3768-1.3789, close 1.3787, WTI 55.84, Gold 4325.32 The Canadian dollar is lost and looking for direction as it bounces between support and resistance levels. FX markets have wound down […]
Oil rallies on Trump’s Venezuela blockade UK inflation numbers sink GBPUSD US dollar recoups some losses after mixed NFP data. USDCAD open: 1.3783, overnight range 1.3753-1.3796, close 1.3755, WTI 56.45, Gold 4317.80 The Canadian dollar turned tail after yesterday’s US nonfarm payrolls numbers failed to confirm the need for aggressive Fed rate cuts. However, […]
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