USD/CAD: Overvaluation stretch risks further upside – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret highlight that USD/CAD is grinding higher into the mid‑1.37s, with the Canadian Dollar (CAD) underperforming but still faring better than many G10 commodity…
Gold drops to over one-week lows as hawkish Fed bets boost US Dollar, Treasury yields
Gold (XAU/USD) slides to over one-week lows on Friday, pressured by a stronger US Dollar (USD) and rising Treasury yields as mounting Oil-driven inflation risks strengthen expectations that the Federal…
Canada: Energy lifts CPI, BoC focus on core – TD Securities
TD Securities’ Senior Canada Economist Robert Both expects Canadian Consumer Price Index (CPI) inflation to rise to 3.1% year-on-year in April, driven mainly by higher energy and food prices and…
Oil – private survey of inventory shows a headline crude oil draw just less than expected
Via telegram sources:Crude prices advanced steadily through Tuesday's session as tensions between the United States and Iran showed little sign of easing, though the market's attention is already shifting toward…
Platinum: Repeated deficits tighten stocks – Commerzbank
Commerzbank's Commodity Analyst Barbara Lambrecht reports that focus in London is turning to Platinum group metals as the World Platinum Investment Council prepares updated forecasts. The bank expects WPIC to…
ICYMI – Iran tightens Hormuz grip as Iraq and Pakistan strike bilateral transit deals
Iraq and Pakistan have struck separate deals with Iran for oil and LNG passage through the Strait of Hormuz, as Tehran formalises control of the waterway with vessel traffic at…
Japan: Solid GDP but JPY still weighed by trade – DBS
DBS economists Taimur Baig and Radhika Rao expect Japan’s 1Q Gross Domestic Product (GDP) to grow 1.8% QoQ saar, supported by firm exports and AI- and semiconductor-related investment, keeping their…
Australian Dollar slides as Fed hike bets, yields boost US Dollar
AUD/USD falls sharply on Friday and trades around 0.7155 at the time of writing, down 0.91% on the day, after hitting its lowest level in more than a week. The…
Venezuela’s draft oil law lets ministry set tax rates for each project
Venezuela’s draft oil law lets ministry set tax rates for each project Source link
Canadian Dollar falls despite increased Oil prices
The USD/CAD pair elevated near the 1.3760 level on Friday and remains supported by persistent inflation concerns and rising US Treasury yields following this week’s hotter-than-expected US inflation data.The latest…
