Week Ahead – US Jobs Report and Eurozone Inflation to Kickstart the New Year

During the Asian session on Wednesday, the USDCAD pair rebounded after two days of losses, reaching around 1.3590. This uptick is fueled by a stronger US dollar and lower crude oil prices, which put pressure on the Canadian dollar. The decline in Western Texas Intermediate (WTI) oil prices to approximately $80.70 is attributed to a […]

Markets The US was at the center of attention yesterday with the August inflation figures. The spotlights today were aimed at Frankfurt. The European Central Bank delivered on the widely expected 25 bps rate cut that brought the deposit rate at 3.5%. It cut the MRO and MLF rates by 60 bps (3.65% and 3.90% […]

Market picture On Sunday, the cryptocurrency market moved to a rapid rise, completing a consolidation after a correction. Cryptocurrencies positively played off the strengthening chances of Trump’s victory after the assassination attempt. In addition, buyers were clearly encouraged by how the market stood up to the roughly $2.9bn sell-off in bitcoin by German authorities. The […]