Blogs

USD/CAD gains retested the low/mid-1.3500 area. Economists at Scotiabank analyze the pair’s outlook.

The Gross Domestic Product (GDP) report for the fourth quarter, to be released by the Bureau of Economic Analysis (BEA) on Thursday, is forecast to show an expansion of the US economy at an annualized rate of 2% following the impressive 4.9% growth recorded in the previous quarter.

Gold price (XAU/USD) remains inside the woods as investors await the United States Gross Domestic Product (GDP) release for Q4, which will provide fresh information on which to base an outlook for interest rates.

Natural Gas (XNG/USD) has hit rock bottom earlier this week near $2.10 with its Relative Strength Index (RSI) heading into oversold. Meanwhile the course has reversed within the futures markets, with summer expiries trading over $1 higher

The European Central Bank (ECB) will have its first monetary policy meeting of the year on Thursday, but little is to be expected from European policymakers.

The US Dollar (USD) trades steady and sideways this Thursday ahead of the first major central bank rate decision for 2024. All eyes will be across the Atlantic Ocean on the European Central Bank (ECB) with a rate decision and later comments from

GBP/USD gathered bullish momentum and advanced to its highest level in nearly two weeks above 1.2770 on Wednesday.

Economists at Scotiabank analyze EUR/USD outlook ahead of the ECB policy decision.

EUR/GBP moves in an upward direction, inching higher to near 0.8560 during the European session ahead of the European Central Bank’s (ECB) interest rate decision.

Mexico Jobless Rate meets expectations (2.6%) in December