United States EIA Crude Oil Stocks Change registered at 0.515M above expectations (0.4M) in April 11
United States EIA Crude Oil Stocks Change registered at 0.515M above expectations (0.4M) in April 11
California suing Trump to stop his ‘unlawful’ tariffs
Trump’s tariffs have whipped up historic market volatility and frayed America’s relationships with its allies and trading partners.
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USD/CAD slumps further as BoC leaves interest rates steady at 2.75%
The USD/CAD pair extends its downside below 1.3900 during North American trading hours on Wednesday. The Loonie pair weakens further as the Bank of Canada (BoC) leaves its borrowing rates at 2.75%, as expected.
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Watch live: Bank of Canada holds press conference affter rate decision
USD/CAD has traded lower after the Bank of Canada opted to hold rates at 2.75%.
Macklem will be asked about what’s next as the market prices in a 50/50 outcome of the June meeting.
This article was written by Adam Button at www.forexlive.com.
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Bank of Canada Holds Rates Even as Tariffs Threaten the Economy
The Bank of Canada (BoC) held its policy rate at 2.75%, following seven straight announcements where the bank cut rates. The bank’s outlook recognized that the “economy is slowing as tariff announcements and uncertainty pull down consumer and business confidence. Consumption, residential investment and business spending all look to have weakened in the first quarter. […]
The post Bank of Canada Holds Rates Even as Tariffs Threaten the Economy appeared first on Action Forex.
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South Africa’s DA Lays Corruption Charges Against Minister
South Africa’s Democratic Alliance laid corruption charges against Human Settlements Minister Thembisile Simelane, alleging that she defrauded state power utility Eskom Holdings SOC Ltd.
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Ken Griffin Sells Two Chicago Condos for Combined $15.9 Million
Billionaire Citadel founder Ken Griffin has sold two more of his Chicago condos in transactions totaling $15.9 million.
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Keystone Restarts Oil Pipeline After Leak Prompted Shutdown
The operator of the Keystone oil pipeline brought the conduit back into service, putting an end to a week-long outage caused by an estimated 3,500-barrel spill in rural North Dakota.
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Tariff News and Resistance Zone Put Pressure on Crypto
Market Picture The crypto market capitalisation fell by 2.6% in the last 24 hours, dropping to $2.63 trillion. The selling pressure intensified amid announcements that the US may raise duties on Chinese goods to 245%. This news hit fertile ground as the market had already reached the levels of the last consolidation, and after the […]
The post Tariff News and Resistance Zone Put Pressure on Crypto appeared first on Action Forex.
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South Africa’s Godongwana Sees No Alternative to VAT Increase
South African Finance Minister Enoch Godongwana sees no alternative to a tax increase at the heart of a budget impasse that is threatening to unravel the country’s governing coalition.
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