The USDCAD attempted to break above the critical “red box” resistance area, previously identified as a key zone to clear and sustain. While the pair briefly surpassed the upper limit of 1.4466 ahead of the rate decision, it only reached 1.4464 before reversing downward. Early comments from Tiff Macklem have bolstered CAD strength, contributing to
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High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
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Canadian Dollar is steady after BoC delivered its sixth consecutive rate cut, lowering its policy rate by 25bps to 3.00% as expected. The pace of easing has slowed from December’s 50bps reduction, reflecting a more measured approach as interest rate sits inside neutral zone. BoC explicitly warned of risks stemming from potential US tariffs, noting
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Danaher shares are under pressure Wednesday as the Club holding’s fourth-quarter earnings results came in mixed and guidance disappointed. The company long known for its operational excellence is further testing our patience. Revenue for the three months ended Dec. 31 advanced 2% year over year on a reported basis, to $6.54 billion, outpacing the LSEG
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The Federal Reserve is widely expected to leave monetary policy settings unchanged following the January meeting. Fed Chairman Powell’s presser could provide important clues about the rate outlook. The US Dollar could come under bearish pressure if the Fed leaves a rate cut in March on the table.   The United States (US) Federal Reserve
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TradeCompass: Nasdaq Price Prediction and Futures Analysis for Today (January 29, 2025) At the time of this Nasdaq futures analysis, NQ is trading at 21,559. Below is the detailed breakdown of today’s bullish and bearish scenarios for Nasdaq futures, aligned with the TradeCompass methodology. Bearish Scenario for Nasdaq Futures Today We turn bearish if the
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In this article ASML-NL Follow your favorite stocksCREATE FREE ACCOUNT A logo on the exterior of the ASML Holding NV headquarters in Veldhoven, Netherlands, on Wednesday, Jan. 24, 2024. Peter Boer | Bloomberg | Getty Images Dutch semiconductor equipment maker ASML on Wednesday reported better-than-expected net sales and profit results for the fourth quarter. Here’s
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ASX: WESTPAC BANKING CORPORATION – WBC Elliott Wave Technical Analysis TradingLounge. Greetings, Today’s Elliott Wave analysis provides an updated perspective on the Australian Stock Exchange (ASX) focusing on WESTPAC BANKING CORPORATION (WBC). Our analysis indicates that ASX: WBC may have completed a Triangle pattern, suggesting an upward movement. This evaluation also highlights key price levels to help traders determine whether this scenario remains valid,
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High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
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Gold prices firmed on Tuesday as focus shifted to the Federal Reserve‘s first meeting of 2025, while investors try to decipher how U.S. President Donald Trump‘s policies will impact the U.S. central bank’s views on growth and inflation. FUNDAMENTALS * Spot gold held its ground at $2,742.49 per ounce, as of 0101 GMT. U.S. gold
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The global financial markets are finding their footing following the turmoil triggered by yesterday’s tech-driven selloff. European stocks have moved into positive territory, while US futures signal a flat start to trading. Nvidia, which lost a staggering -17% on Monday—erasing nearly USD 600B in market capitalization—is poised for a partial rebound. Meanwhile, investors appear to
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