Month: September 2024

CAD Under Pressure: What Bank of Canada Might Do Today The Bank of Canada’s interest rate decision today is widely anticipated to result in a 25-basis-point cut, with about 80% of market participants pricing in this outcome. This expectation is based on a combination of rising unemployment and a slowdown in inflation, which has put … Read more

Why September Spells Trouble for Stocks September is known among market participants as the most challenging month for US stocks, and historical data spanning nearly a century backs this claim. For the last 96 years, the S&P 500 has consistently underperformed during September, a pattern that’s been especially evident over the past decade in the … Read more

Dollar/CAD: Ready for a Rebound? The extended downside in Dollar/Yen has traders asking: Will strong U.S. jobs data reverse the trend? Key levels are in focus as we approach a critical week. Dollar/Yen has experienced a significant sell-off, pushing the pair to levels that are increasingly capturing market attention. This extended downside has been driven … Read more

Dollar/CAD: Ready for a Rebound? Jerome Powell’s recent signals have traders speculating on a potential rebound in Dollar/CAD. Is the market poised for a shift? Dollar/CAD has been under considerable pressure lately, with the pair reflecting broader trends in U.S. dollar weakness. However, this week brings a series of crucial U.S. labor data releases, including … Read more