FX Watch: NZD/CAD and CAD/JPY Setups In Case the BOC Turns Dovish

The major assets flipped into risk-on mode after weak U.S. jobless claims overshadowed hotter CPI numbers, sealing in Fed cut expectations. Equities rallied to record highs, bond yields slipped, and the dollar tumbled as traders priced a more aggressive easing cycle from the Fed. Check out the headlines and economic updates you may have missed…

The post Eco Data 6/10/24 appeared first on Action Forex. Source link

Ages ago, horsemen invented blinders to keep their horses focused on their work. Blinders are pieces of leather attached to the horse’s bridle that prevent them from seeing anything except what’s in front of them. Without blinders, a horse can see almost completely behind itself without turning its head and can be easily spooked by…

By Arsheeya Bajwa (Reuters) -Intel was one of the first two tech companies to join the during the late-’90s dot-com boom, along with Microsoft (NASDAQ:). Now, a slump in Intel (NASDAQ:)’s share price could cost the American chipmaker its place in the blue-chip index. Analysts and investors said Intel was likely to be removed from…