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USD/CAD Forecast: Canadian Dollar Tumbles On Cooling Inflation
Article By:
Yohay Elam
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Wednesday, May 22, 2024 8:59 AM EDT
Canadian inflation data met forecasts of 2.7%, easing from the previous month. There is a 55% chance the BoC will cut rates in June.
Fed policymakers have remained cautious despite easing inflation.
Watch: The Worrying US Wealth Divide
Video By:
ING Economics
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Wednesday, May 22, 2024 7:50 AM EDT
ING’s James Knightley on why the consumer story will be one to watch as the US economy slows in the second half of this year.
Big Banks Win With FDIC Head’s Resignation
Article By:
Lipper Alpha Insight
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Wednesday, May 22, 2024 6:49 AM EDT
Martin Gruenberg just gave big U.S. banks a gift. The head of the Federal Deposit Insurance Corporation, and an architect of new, yet-to-be-implemented capital buffer rules, said he would step down from his post.
How AI Will Change U.S. Infrastructure Forever
Article By:
Tim Plaehn
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Wednesday, May 22, 2024 6:42 AM EDT
Recently, the AI discussion has taken a turn with the realization that the production of advanced AI chips and the building of massive data centers to house those chips will dramatically increase the amount of electric power needed in the U.S.
USD/CAD Forecast: Watch Size Positions
Article By:
Christopher Lewis
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Wednesday, May 22, 2024 6:41 AM EDT
The US dollar has exploded to the upside against the Canadian dollar on Tuesday, as we are now well above the 50 day EMA.
US Market Commentary - Wednesday, May 22
Article By:
James Harte
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Wednesday, May 22, 2024 6:28 AM EDT
The US Dollar continues to grind higher as the greenback recovers further ground on the back of last week’s inflation-driven fall. Data last Wednesday showed that US CPI cooled for the first time in six months over April.
In this article: UUP
GameStop AMC Meme Stocks Frenzy And The Winners Losers
Article By:
Michael Michaud
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Wednesday, May 22, 2024 5:17 AM EDT
The volcano that remained dormant for three years and was informed never to be active again, otherwise known as Gamestop stock, erupted last week.
In this article: GME
When There’s Blood In The Streets, Buy Property: Buy Baby, Buy
Article By:
Tactical Investor
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Wednesday, May 22, 2024 5:04 AM EDT
The adage “When there is blood in the streets, buy property” is often attributed to Baron Rothschild, an 18th-century British nobleman and member of the banking family.
Hoot Of The Day: No One Wants Green Energy If It’s Too Cheap
Article By:
Mish Shedlock
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Wednesday, May 22, 2024 3:57 AM EDT
Janet Yellen, the US treasury secretary, has urged the EU to intervene urgently to dampen the growing export levels of Chinese cut-price green technology including solar panels and wind turbines.
Forex Today: Hawkish RBNZ Suggests May Even Hike Rates
Article By:
Adam Lemon
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Wednesday, May 22, 2024 3:47 AM EDT
The Reserve Bank of New Zealand maintained its Official Cash Rate at 5.50%, while suggesting that rate cuts will come later than expected or may even be raised first, causing the NZD to gain in value.
FX Daily: Divergence, Divergence, Divergence
Article By:
ING Economics
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Wednesday, May 22, 2024 3:31 AM EDT
Domestic developments in G10 are reinforcing the narrative of monetary policy divergence. Lower-than-expected Canadian inflation reinforced our view of a June cut while sticky UK services CPI and a hawkish RBNZ are boosting GBP and NZD this morning.
Market Briefing For Wednesday, May 22
Article By:
Gene Inger
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Wednesday, May 22, 2024 3:03 AM EDT
The 'tone' of the market remains about the same Tuesday. 'Ranging' S&P'; defensive action, psychology dependent on Nvidia tomorrow, but otherwise it's muted.
In this article: NVDA
Elliott Wave Commodity Market Insights: Bitcoin, Ethereum, Gold, Silver, And More
Video By:
Peter Mathers
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Wednesday, May 22, 2024 1:30 AM EDT
Discover expert Elliott Wave analysis for commodities including Bitcoin, Ethereum, Gold, Silver, Copper, Uranium, Crude Oil, and Natural Gas.
