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Currency Pair Of The Week - USD/CAD
Article By:
Fawad Razaqzada
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Monday, June 5, 2023 10:01 AM EDT
What makes the USD/CAD our currency pair of the week is the upcoming policy decisions from the Bank of Canada this week and the Federal Reserve next week.
USD/CAD Forecast: Rising Oil Prices To Support CAD
Article By:
Yohay Elam
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Monday, June 5, 2023 9:56 AM EDT
Today’s USD/CAD forecast is bearish. The Canadian dollar maintained its strength against the US dollar amid Saudi Arabia’s significant production cut announcement. This caused a more than 1% increase in crude prices.
Nasdaq 100 Index: Morgan Stanley Sees A Moment Of Reckoning
Article By:
Invezz
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Monday, June 5, 2023 9:42 AM EDT
The Nasdaq 100 index continued its bullish rally as risks to the American economy eased. The index surged to a high of $14,557, the highest level since April last year. In all, the index has surged by more than 39% from the lowest level in 2022.
Raising The Debt Ceiling Solves Very Little
Article By:
Bruce Wilds
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Monday, June 5, 2023 9:32 AM EDT
Now that the debt ceiling has been raised it appears we are all saved, or are we? While the market took a sigh of relief and started partying does not mean all is well.
OPEC+ Meeting Brings Deeper Saudi Cuts
Article By:
ING Economics
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Monday, June 5, 2023 9:24 AM EDT
It hasn't been an easy OPEC+ meeting for members. The group failed to come to an agreement on deeper cuts, but production targets have been set for 2024 and voluntary cuts were extended. The Saudis have also decided to make further voluntary cuts.
Fake Debt Ceiling Fight Yields Fake Spending Cuts And A Credit Card With No Limits
Article By:
SchiffGold
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Monday, June 5, 2023 9:16 AM EDT
We have a debt ceiling deal. And the deal is there is functionally no debt ceiling until January 2025.
JPMorgan To Work With Indian Banks On Blockchain-Based USD Settlement Platform
Article By:
The Tokenist
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Monday, June 5, 2023 9:10 AM EDT
JPMorgan has formed a partnership with six banks in India to develop a blockchain-based settlement system to facilitate interbank dollar transactions.
In this article: JPM
USD Index Price Analysis: Extra Gains Target The May High Near 104.80
Article By:
Pablo Piovano
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Monday, June 5, 2023 8:50 AM EDT
DXY’s rebound picks up pace and tests 2-day highs past the 104.00 hurdle on Monday.
In this article: UUP
Dollar Gains Extended, Oil Steadies At Higher Levels
Article By:
Marc Chandler
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Monday, June 5, 2023 8:32 AM EDT
The US dollar has extended its post-employment gains today, helped by firmer rates and several countries seeing downward revisions from the preliminary May PMI. July WTI gapped higher after the Saudi Arabia announced a cut of 1 million barrels a day.
Speculator Extremes: Live Cattle, Cocoa, Lean Hogs, Wheat & Brent Top Bull/Bear Leaders
Article By:
Zachary Storella
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Monday, June 5, 2023 8:26 AM EDT
This weekly Extreme Positions report highlights the most bullish and most bearish positions for the speculator category. Extreme positioning in these markets can foreshadow strong moves in the underlying market.
Turkey: Headline Inflation Down, But Services Remain Sticky
Article By:
ING Economics
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Monday, June 5, 2023 8:18 AM EDT
The downtrend in annual inflation continued in May as widely expected, falling to 39.6%. This was due to strong base effects and natural gas subsidies provided by the government.
