April 10, 2024 2:00 pm
The Bank of Canada left its target for the overnight rate intact at 5% at its April meeting, in line with market expectations. The central bank pledged to keep reducing its balance sheet, as policy makers again underscored upside risks to inflation. The BoC said that while price pressures had eased across a range of […]
Read moreApril 10, 2024 10:03 am
The EUR/CAD currency pair traded with slight change on Wednesday amid caution ahead of the outcome of the Bank of Canada’s and the European Central Bank’s April policy meetings. The European Central Bank is largely expected to leave the main refinancing operations rate unchanged at a 22-year high of 4.5% and the deposit facility rate […]
Read moreApril 10, 2024 8:09 am
The EUR/USD currency pair remained stuck in a tight trading range on Wednesday as market players awaited the outcome of the ECB’s April policy meeting and fresh US CPI data prints. The European Central Bank is largely expected to leave the main refinancing operations rate unchanged at a 22-year high of 4.5% and the deposit […]
Read moreApril 10, 2024 7:20 am
The NZD/USD currency pair held in proximity to a fresh three-week high on Wednesday, after the Reserve Bank of New Zealand left borrowing costs without change at its April policy meeting, while investors awaited the key US CPI inflation report later in the day. New Zealand’s central bank kept its official cash rate unchanged at […]
Read moreApril 9, 2024 9:16 am
The USD/ZAR currency pair hovered just above a fresh 14-week low on Tuesday as market players awaited the key US CPI report that may provide further clues on the timing of the Federal Reserve’s first rate cut. Another highlight this week will be the minutes of the Fed’s policy meeting in March, to be released […]
Read moreApril 9, 2024 7:47 am
The USD/CAD currency pair traded within a narrow range on Tuesday as market players awaited the key US CPI report that may provide further clues on the timing of the Federal Reserve’s first rate cut. Another highlight this week will be the minutes of the Fed’s policy meeting in March, to be released on Wednesday. […]
Read moreApril 9, 2024 6:55 am
The NZD/CAD currency pair traded in proximity to a fresh three-week high on Tuesday as investors awaited the outcome of the Reserve Bank of New Zealand’s and the Bank of Canada’s policy meetings tomorrow. The Reserve Bank of New Zealand is largely expected to keep its official cash rate unchanged at 5.5% for a sixth […]
Read moreApril 8, 2024 7:36 am
Spot Silver registered a fresh 34-month high of $28.088 on Monday, even after the latest blowout employment data out of the US prompted investors to pare expectations of a June interest rate cut. Data showed last Friday that US employers in all economic sectors excluding farming had added 303,000 jobs in March, or the most […]
Read moreApril 7, 2024 1:22 pm
Phillips 66 (NYSE: PSX) said this week its Board of Directors had authorized a quarterly dividend of $1.15 per share on the company’s common stock. The latter represents a 10% increase compared to the prior dividend payment. The dividend will be paid on June 3rd to shareholders of record as of the close of business […]
Read moreApril 7, 2024 11:07 am
SolarEdge Technologies Inc (NASDAQ: SEDG), a leader in smart energy technology, said earlier this week it had finalized the acquisition of the entire share capital of Wevo Energy Ltd. Wevo is a startup firm that specializes in EV charging optimization and management for sites with huge quantities of EV chargers (apartment buildings, workplace carparks etc.). […]
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