<ul><li>We are not forecasting a deep recession</li><li>We don't need to think that we need to get a recession to get inflation back to target </li><li>Inflation is still somewhat broad-based. That we become the persistence of underlying inflation.</li><li>It's important that we don't g
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US stocks continue its move higher
<p>The major indices are all higher as the market melts up ahead of the key earnings. Next week the likes of Microsoft, Apple, Amazon, Alphabet will all report. After the close today Tesla, IBM, servicenow, and Lam Research will announce their earnings. The fear of missing out may be helping out.</p><p>Both the S&P and NAS
Macklem Q&A: Need more progress on inflation before discussing cutting rates
<ul><li>Asked if anyone wanted to cut, said the focus was 'very much on holding'</li><li>Repeats there was a 'clear consensus' to hold</li><li>Our latest forecasts have increased our confidence that we've raised rates enough</li><li>We're concerned about persistence in un
US weekly EIA crude oil inventories -9233K vs -2150K expected
<ul><li>Prior was -2492K</li></ul><ul><li>Gasoline +4913K vs +2300K exp</li><li>Distillates -1417K vs +348K exp</li><li>Refinery utilization -7.1% vs -1.2% exp</li><li>Production 12.3 mbpd to 13.2 mbpd</li><li>Impld mogas demand: 7.88mbpd mbpd vs 8.33mbpd prior</
USDCAD surges after BOC rate decision, Hinting at potential upside momentum technically
<p>Following the Bank of Canada's (BOC) recent rate decision, the USDCAD experienced an increase, indicating a weakening of the Canadian Dollar (CAD) against the US Dollar (USD). Prior to the decision, the USDCAD was trading around 1.3434. The BOC's decision to remove language suggesting readiness for further rate increases contribu
The Canadian dollar is falling after the Bank of Canada decision for all the wrong reasons
<p>The Canadian dollar is dropping on the Bank of Canada rate decision for the usual reasons. It's not because the Bank of Canada removed a line about possibly hiking rates — the market has known for a long time that rate hikes were done.</p><p>So why is the Canadian dollar falling?</p><p>It's because t
The summary of the quarterly projections from the Bank of Canada
<p>The summary of the quarterly projections for Canada from the Monetary Policy Report shows:</p><p>Looking at the prior report,</p><p>CPI for 2024 sees a rise to 2.5%. In the last report, the expectation was 2.4% In 2025, the inflation rate is expected to dip to 2.1%. That is unchanged from the last report's esti
Daily Trade Setups #FTSE #ASX200 #META & #SP500
Daily Trade Setups #FTSE #ASX200 #META & #SP500To access today's real-time actionable analysis click here!…
Bitcoin Bloodbath: Mass Liquidations in the Crypto Market, and How We Gave You an Early Warning
<p><span>After much hand wringing and speculation, the Federal Government finally </span>…</p> <p>The post <a href="https://www.markettradersdaily.com/bitcoin-bloodbath-mass-liquidations-in-the-crypto-market-and-how-we-gave-you-an-early-warning/">Bitcoin Bloodbath: Mass Liquidations in the Crypto
Japanese yen surges on hawkish BoJ – heochaua
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