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Trump cancels trade talks with Canada, USDCAD shoots up

Trump rattled markets after announcing sanctions on Iran and abruptly canceling trade talks with Canada. USDCAD spiked nearly 900 pips, breaching 1.37 as trade tensions reignite.

27-06-2025 19:04 GMT by Elior Manier

Tokyo Core CPI drops to 3.1%, US Core PCE higher than expected, Yen steady

Tokyo Core CPI dropped sharply to 3.1% from 3.6%, below expectations. In the US, the core PCE Price Index rose to 2.7% from 2.6%.

27-06-2025 13:30 GMT by Kenneth Fisher

Canada's GDP expected to gain 0.1% May

Canada releases GDP for May later today, with a weak 0.1% gain expected. The US releases the Core PCE Price Index, which is projected to tick up to 2.6% from 2.5%.

27-06-2025 11:10 GMT by Kenneth Fisher

Yen rises sharply, Tokyo Core CPI next

Japan releases Tokyo Core CPI on Friday, with the key inflation gauge expected to ease to 3.3% in June from 3.6%. The BoJ will be keeping a close look at the release, with speculation that the central bank could raise rates as early as July.

26-06-2025 14:40 GMT by Kenneth Fisher

Canada's CPI unchanged at 1.7%, Canadian dollar edges higher

Canada's inflation rate was unchanged at 1.7% and underlying CPI showed little movement. The BoC meets next in July and the July inflation report will be a key factor in the BoC's rate decision. Fed Chair Powell testified before lawmakers on Tuesday and reiterated that the Fed will not lower rates until it has a better handle on the effect of tariffs on inflation.

25-06-2025 15:15 GMT by Kenneth Fisher

Australia's CPI slows, raising rate cut expectations

Australia's inflation rate fell in May, as both headline and core CPI were considerably lower. This has raised expectations for an RBA rate hike next month. Federal Reserve Chair Powell said he plans to maintain rates until the effect of tariffs on prices is more clear, and dismissed President Trump's attacks on Powell for not lowering rates.

25-06-2025 11:20 GMT by Kenneth Fisher

Australian dollar jumps on Israel-Iran cease fire

The Australian dollar is sharply higher today as risk appetite has improved following a ceasefire between Israel and Iran. Australia releases the May inflation report on Wednesday, with headline CPI expected to ease to 2.3% from 2.4%.

24-06-2025 13:25 GMT by Kenneth Fisher

Canadian dollar steady ahead of inflation report

Canada releases the May inflation report later today, with the BoC hoping to gain some clarity about the inflation picture. Oil prices are down today and AUD/USD and NZD/USD are sharply higher, as risk appetite has risen following a ceasefire between Israel and Iran.

24-06-2025 11:00 GMT by Kenneth Fisher

Eurozone PMIs remain soft, Euro steady

Eurozone PMIs remained soft, pointing to weak activity in the services and manufacturing sectors. In the US, services and manufacturing PMIs remained in expansion territory.

23-06-2025 14:50 GMT by Kenneth Fisher

Yen slides on oil supply jitters after US attack on Iran

The Japanese yen is sharply lower on Monday, as oil prices continue to rise. The US attack on Iran on the weekend has raised concerns about global oil supplies and the yen has been under strong downward pressure since the Israel-Iran war started on June 13. Japan's core CPI rose to 3.7%, its highest level since Jan. 2023.

23-06-2025 12:00 GMT by Kenneth Fisher

UK retail sales slide, Pound edges higher

UK retail sales took a tumble in May, sliding 2.7%. The weak reading will add pressure on the BoE to lower rates, but the BoE is hesistant to lower rates while inflation remains stubbornly high.

20-06-2025 13:30 GMT by Kenneth Fisher

Breaking News: FED's Waller takes a dovish stance, cuts price in

Fed Governor Waller signaled possible rate cuts as early as July, sparking attention in interest rate markets. While Fed Funds Futures only ticked slightly higher, traders will now be on alert for any soft US data. The Fed has held steady since its 50bps cut in Dec 2024.

20-06-2025 13:25 GMT by Elior Manier

Canadian dollar flat ahead of retail sales

Canada releases retails sales for May, with a market estimate of 0.5%. We'll get a look at inflation and GDP data next week, which will be key factors in the BoC's rate decision in July.

20-06-2025 11:00 GMT by Kenneth Fisher

Pound Steady as BoE holds rates

The Federal Reserve and Bank of England have both maintained interest rates in decisions that were widely expected. Both central banks are finding it difficult to lower rates, with inflation above the 2% target.

19-06-2025 12:30 GMT by Kenneth Fisher

Updated: FOMC Rate Decision, Powell coming up - SEP Outlook

Markets await the FOMC Rate Decision at 2:00 P.M. ET, with no change expected. The real focus is on the Summary of Economic Projections (SEP), which could shift sentiment. Stay tuned for live updates. FED Chair Powell's press conference begins at 2:30 P.M.—key for market direction.

18-06-2025 17:28 GMT by Elior Manier

New Zealand GDP expected to contract, New Zealand dollar recovers

In the US, retail sales fell -0.9%, a second straight decline. US consumers are holding back due to worries about the economy. New Zealand releases GDP on Thursday, with a market estimate of -0.8%.

18-06-2025 15:50 GMT by Kenneth Fisher

Pound recovers as UK CPI edges lower

UK inflation eased to 3.4% from 3.5% and matched expectations. The inflation report won't change minds at the BoE, which is widely expected to hold rates on Thursday. In the US, retail sales fell -0.9% as US consumers are holding back due to worries about the economy.

18-06-2025 07:10 GMT by Kenneth Fisher

BoJ hold interest rates at 0.5%, US retail sales sink, yen steady

The Bank of Japan held interest rates at today's meeting in a unanimous decision. As well, the BoJ decided to reduce the pace of tapering of Japanese government bonds. In the US, retail sales sales disappointed with sharp decline of 0.9%.

17-06-2025 12:30 GMT by Kenneth Fisher

Dow Jones Recovers 400 Points from Lows, Downside Risks Remain

The Dow Jones recovers 400 points after a dip due to Middle East tensions. Israel's attacks on Iran and US responses create market uncertainty. Airline stocks fall, defense stocks rise. Potential for weekend market gaps due to the fluid geopolitical situation. Technical analysis shows key support and resistance levels for the Dow Jones Index. President Trump comments on the situation, further impacting market sentiment. Volatility is expected.

13-06-2025 17:18 GMT by Zain Vawda

US Election 2024: Market Impact and Volatility Analysis

Major Risk-Off moves all around markets as Israel strikes Iran's nuclear facilities

Tensions in the Middle East have spiked after reported Israeli strikes on Iranian nuclear sites. Global index futures dropped over 1.5%, the VIX jumped 15%, and safe havens like Gold, Bonds, CHF, USD, and JPY surged. Oil hit 4-month highs, and Gold neared records, trading around $3,420.

13-06-2025 05:33 GMT by Elior Manier

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