On the lookout for a Sector – Tech fund? Starting with Putnam Global Technology A (PGTAX – Free Report) should not be a possibility at this time. Source: fxstreet.com (Read Full Article)
Canada BoC Interest Rate Decision meets expectations (2.5%)
Canada BoC Interest Rate Decision meets expectations (2.5%) Source: fxstreet.com (Read Full Article)
WTI Price Forecast: Oil consolidates between 21-day and 50-day SMAs
West Texas Intermediate (WTI) Crude Oil edges higher during the American session on Wednesday after trimming intraday losses. At the time of writing, WTI is trading near the $64.00 mark, but the recovery lacks follow-through as the commodity struggles to extend gains for the fourth straight day. Source: fxstreet.com (Read Full Article)
USD/CAD firms as BoC delivers 25 bps cut, Fed decision in focus
The Canadian Dollar (CAD) trades on the back foot against the US Dollar (USD) on Wednesday after the Bank of Canada (BoC) cut its benchmark rate by 25 basis points (bps) to 2.50%, as expected. Source: fxstreet.com (Read Full Article)
Gold steadies after intraday dip as Fed rate cut decision looms
Gold (XAU/USD) is taking a breather on Wednesday, slipping from record highs as traders shift their focus to the Federal Reserve’s (Fed) interest rate decision due at 18:00 GMT. Source: fxstreet.com (Read Full Article)
United States EIA Crude Oil Stocks Change below expectations (-1.5M) in September 12: Actual (-9.285M)
United States EIA Crude Oil Stocks Change below expectations (-1.5M) in September 12: Actual (-9.285M) Source: fxstreet.com (Read Full Article)
BoC Governor Macklem: We're not being as forward-looking as normal
Bank of Canada (BoC) Governor Tiff Macklem addressed reporters’ questions, offering insights into the central bank’s monetary policy outlook. His remarks came after the BoC lowered its interest rate by 25 basis points to 2.50%, a move that markets had broadly anticipated. Source: fxstreet.com (Read Full Article)
South Africa FX Today: Rand steadies amid hopes of SARB rate cut following softer inflation
The South African Rand (ZAR) edges slightly down to 17.35 against the US Dollar (USD) on Wednesday, losing 0.1% on the day, as markets digest the latest inflation surprise ahead of the South African Reserve Bank (SARB) meeting. Source: fxstreet.com (Read Full Article)
GBP/USD rises as UK inflation supports BoE hold, Fed cut in focus
The British Pound (GBP) advances modestly 0.15% against the US Dollar (USD) on Wednesday as traders await the outcome of the Federal Reserve’s (Fed) monetary policy decision. Source: fxstreet.com (Read Full Article)
Russia Producer Price Index (MoM) increased to 1.1% in August from previous 0.9%
Russia Producer Price Index (MoM) increased to 1.1% in August from previous 0.9% Source: fxstreet.com (Read Full Article)