Canadian dollar rallies the most in three months as Fed's Powell turns more dovish

Canadian dollar rallies the most in three months as Fed's Powell turns more dovish
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Canadian dollar rallies the most in three months as Fed's Powell turns more dovish
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Scotiabank analysts Shaun Osborne and Eric Theoret note the Euro is slightly weaker versus the Dollar, drifting toward the lower end of its recent range. Yield spreads remain supportive and the broader EUR/USD trend is still seen as bullish. However, analysts stay cautious below 1.20 and look for a near-term 1.1800–1.1900 trading range ahead of…
Global recession risk has triggered a significant drop in oil prices. WTI crude is now facing a negative double whammy from weak external demand and excess supplies built up. WTI crude is now breaching below a key major range support at US$65.40. /* Requesting advertisement by calling an endpoint assures that the advertisement is never…
Provided that Australian Dollar (AUD) remains below 0.6245, it could test the major support of 0.6180 before a rebound is likely. In the longer run, AUD must break and remain below 0.6180 before further weakness can be expected, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note. Likelihood of AUD breaking…
At the end of Tuesday, the Dow Jones Index (US30) fell by 0.62%. The S&P 500 Index (US500) was down 1.07%. The Nasdaq Technology Index (US100) lost 1.66%. Tesla shares fell by 5.3% after RBC Capital Markets lowered its price target, citing increasing EV competition. Alphabet shares fell by 2.3% after news that Google will…
The FBI ended its investigation into Jesse Powell over alleged hacking of a nonprofit. Powell faces no criminal charges, and the devices seized have reportedly been returned. According to Fortune report, the FBI has officially closed its criminal investigation into Jesse Powell, co-founder of cryptocurrency exchange Kraken, and returned devices seized during a 2023 search….
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