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Podcast - US Core PCE rises, Amazon delivers, Oil volatile

OANDA Senior Market Analyst Ed Moya reviews the latest market news with Jonny Hart and Trader Nick. Today they discuss a plethora of US economic readings, Earnings from Amazon, Exxon and Chevron, and what is happening with oil prices.

27-10-2023 15:17 GMT by Edward Moya

USD/CAD: Surges to highest levels since October 2022; Commodity prices remain volatile on geopolitical headlines

Loonie lower as oil prices pare earlier gains Overnight Index Swaps eye BOC's next move as a rate cut in H2 2024 Fed funds futures see a 31% chance of a rate by the January 31st FOMC meeting The US dollar is rallying against the Canadian dollar as the odds of one more rate hike seem more likely with the Fed than with the BOC. After the BOC's October 25th meeting, traders appear convinced that the bank is done raising rates. Today's impressive US economic data showed core PCE came in a little

27-10-2023 13:03 GMT by Edward Moya