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Tag: oil prices

USD/CAD Forecast: Bank of Canada Flags Low Productivity

BoC’s Carolyn Rogers urged businesses to increase productivity by supporting investment. Data from Canada revealed a 0.8% increase in wholesale trade in February. The dollar was...

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Canadian Dollar middles on quiet Monday ahead of central-bank-laden week

Canadian Dollar finds little chart momentum as investors gear up for a busy week. Canadian CPI inflation first on the docket, expected to tick up...

Mexican Peso sees late dip against US Dollar, end week positively amid Fed speculations

Mexican Peso sees modest losses as US inflation data tempers Fed easing expectations. Industrial Production in Mexico shows resilience, reinforcing views on potential Banxico rate...

Ethereum’s Dencun Upgrade: The Investing Opportunities

The latest Ethereum upgrade – code-named Dencun – was a success. That in itself is cause for celebration. The Ethereum software is large and complex,...

Brent Oil at $82.24, WTI Dips to $77.92

Quick Look Brent futures are up at $82.24, and WTI is down by 1 cent at $77.92. Middle East conflict and attacks in the Red Sea...

USD/CAD Outlook: Markets Assess Canada’s Upbeat Jobs Report

Canada’s jobs grew more than expected in February. The US unemployment rate surged to 3.9% compared to expectations of 3.7%.  Oil fell on Friday and ended...

USD/CAD Price Analysis: Bears Pounce Amid Weak USD, Oil Rise

Crude imports to China rose in the first two months of the year. Data from Canada showed a larger-than-expected trade surplus in January. The US dollar...

USD/CAD Forecast: BoC Deals a Blow to Rate Cut Expectations

Governor Tiff Macklem dimmed expectations that the central bank would soon start cutting rates. The likelihood of a BoC rate cut in April fell to...

USD/CAD Weekly Forecast: Dollar Resilient Ahead of US NFP

There was a bigger-than-expected build in crude inventories last week. GDP data from Canada showed a bigger-than-expected expansion in the fourth quarter. Market participants will watch...

Nigeria Restricts Access to Coinbase, Binance, and Kraken Amidst Naira’s Record Low

Nigeria Restricts Access to Coinbase, Binance, and Kraken Amidst Naira's Record Low In recent news, Nigeria has taken the decision to restrict access to popular...

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