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USD:

Buy:

1.3396

/

Sell:

1.3765

0.04%


0.04%


EUR:

Buy:

1.4621

/

Sell:

1.511

0.02%


0.02%


GBP:

Buy:

1.7246

/

Sell:

1.7812

-0.01%


-0.01%


JPY:

Buy:

0.00855716

/

Sell:

0.00907233

-0.1%


-0.1%


Market Watch

FX Monthly Forecast: US Dollar Remains Undisputed

May 9th 2024


US interest rates are expected to remain elevated for an extended period

May 9th 2024


AI powered the best week for stocks in 2024.

April 29th 2024


Dollar, gold, and oil surge as uncertainty grips the markets.

April 22nd 2024


Stock market rally enters in the fifth month

April 1st 2024


FX Forecast for March 2024: Rate cuts may be further delayed as inflation persists

April 1st 2024


Canada's inflation unexpectedly dropped.

Global equities are having a strong performance year-to-date, buoyed by acceptable economic growth and the prospect of lower interest rates in 2024 as inflation continues to decline worldwide. The US S&P 500 has surged by 9.74%, Canada's S&P/TSX Composite has gained 4.89%, and the Euro Stoxx 50 has climbed over 11% thus far in 2024. The boom in artificial intelligence has propelled equity markets to new highs, supported by inflation data indicating a general slowdown in price levels across most advanced economies. Despite US inflation slightly exceeding expectations at 3.2%, markets still anticipate three 0.25% rate cuts in 2024, as reaffirmed by the US Central Bank. Any uptick in inflation could further delay these rate cuts, which have already been postponed over the past two years. In Canada, inflation was reported at 2.8% year-over-year, surprising markets and fueling expectations that the Bank of Canada will initiate rate cuts sooner than the US. A major concern is the potential for rate cuts to drive up house prices in Canada, but the Governor of the Bank of Canada has emphasized that house prices are not their primary concern, and rate cuts will proceed as scheduled. Currently, in Canada, if mortgage costs are excluded from inflation calculations, the overall inflation rate would fall even lower than the Central Bank's 2% target.

March 29th 2024


FX forecast February 2024 - US dollar remains strong so as the US economy

USDCAD Q1 2024 Median: 1.35 High: 1.37 Low: 1.32 Forward: 1.35 The US dollar and equity market The first two months of 2024 have further affirmed that the US will not enter the anticipated economic recession, with additional economic data such as une

February 27th 2024

3 min to read


Tech companies are delivering on earnings.

North American stock markets fell on Tuesday as the fourth-quarter earnings season comes to an end, with Nvidia as the last giant name remaining to report, potentially pushing markets higher or disappointing on the AI hype. The S&P 500 and Nasdaq are

February 25th 2024

1 min to read


No Interest Rate Cuts Coming Soon

US stock markets continue to march higher, even after the latest inflation print showed that the path to reaching the inflation target could take longer than investors and officials had hoped for. The US S&P 500 and Nasdaq are up 5.41% and 5.92% in 2

February 17th 2024

1 min to read


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