Burke

Federal Reserve (Fed) Chair Jerome Powell’s testimony yesterday went smoothly. He said that the Fed’s ‘policy stance is now significantly less restrictive than it had been’, the economy remains strong and that they ‘do not need to be in a hurry to adjust our policy stance.’ That was in line with his

Even though EUR/USD is range-bound, we are starting to see some decent moves lower in EUR/SEK and EUR/NOK, UOB Group's FX analysts Quek Ser Leang and Peter Chia note. EUR/NOK is set to test and possibly break 11.50 "In EUR/SEK, two-year swap differentials have moved in favour of the krona as the ECB

The Indian Rupee edges lower in Tuesday’s Asian session. Trade tariff worries, sustained foreign outflows, and concerns on an Indian economic slowdown weigh on the INR. Investors await Fed Chair Jerome Powell’s semi-annual testimony on Tuesday. The Indian Rupee (INR) remains weak on Tuesday after fa

Gold price continues to attract safe-haven flows amid renewed US-China trade war fears. Fed rate cut bets undermine the USD and further lend support to the XAU/USD pair. A slightly overbought RSI on the daily chart warrants some caution for bullish traders. Gold price (XAU/USD) prolongs its upward t

مركز أشعة منزلية في مصر الجديدة: الحل الأمثل للتشخيص الطبي في المنزل في ظل التطور المستمر في المجال الطبي، أصبحت خدمات الرعاية الصحية أكثر سهولة وملاءمة للمرضى، خاصة مع توفر خدمات الأشعة المنزلية. يعد مركز أشعة منزلية في مصر الجديدة أحد الحلول الحديثة التي توفر للمرضى إمكانية إجراء الفحوصات الطبية ف

The oil market gave back a lot of its gains yesterday after Mexico and Canada came to a deal with the US, which saw a delay in the implementation of tariffs. Both Mexico and Canada agreed to put more resources on their border to combat the flow of fentanyl to the US. The delay has seen crude oil pri

Key points New tariffs announced: Effective February 4, 2025, the U.S. has imposed a 25% tariff on imports from Canada and Mexico, and a 10% tariff on imports from China and Canadian energy resources. Sector impacts: Industries such as technology, automotive, homebuilding, agriculture, retail, and e

USD/CAD rallies hard in reaction to Trump’s trade tariffs on Canada, Mexico, and China. The risk-off impulse lifts the USD back closer to a two-year top and weighs on the major. The divergent BoC-Fed policy outlooks contribute to the momentum and favor bulls. The USD/CAD pair builds on last week's b

What is the market thinking? Before a major news release, understanding market sentiment is crucial. Traders rely on tools like the Fed Watch Tool to gauge expectations. For instance, during the latest FOMC meeting, most traders anticipated no change in interest rates (holding steady at 4.25% - 4.50