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CIBC slashes Canadian and US GDP forecasts on trade war pain
CIBC slashes Canadian and US GDP forecasts on trade war pain
CIBC sees a deep contraction in Q2 in Canada (though that's subject to change depending on what happens today)
ECB Review: Meaningfully less restrictive – Danske Bank
ECB Review: Meaningfully less restrictive – Danske Bank
Today the ECB decided to cut the policy rate by 25bp, so the deposit rate now yields 2.50%.
ECB
InterestRate
CentralBanks
Banks
EUR/USD Price Analysis: Bulls push above the 200-day SMA as rally extends
EUR/USD Price Analysis: Bulls push above the 200-day SMA as rally extends
EUR/USD extended its rally on Thursday, climbing past the 200-day Simple Moving Average (SMA) after the European session, signaling strong bullish momentum.
EURUSD
Majors
Currencies
Technical Analysis
Canada: Trade surplus explodes as exporters rush to beat tariffs – National Bank of Canada
Canada: Trade surplus explodes as exporters rush to beat tariffs – National Bank of Canada
While the magnitude of the move was surprising, there is no doubt about the cause of the explosion in the goods trade surplus in January, NBC's Jocelyn Paquet reports.
Canada
BOC
Growth
GDP
Banks
GBP/USD rally stalls near 1.2900 as trade war fears weigh on traders
GBP/USD rally stalls near 1.2900 as trade war fears weigh on traders
The rally in the Pound Sterling stalled after sustaining three straight days of gains.
GBPUSD
Fundamental Analysis
Technical Analysis
Majors
Intraday USDCAD reversal: Key signal near 200 hour MA
Intraday USDCAD reversal: Key signal near 200 hour MA
The 200 hour MA is a key barometer in the short term.
Silver Price Forecast: XAG/USD corrects to near $32.40 as Trump reprieves tariffs on automobiles
Silver Price Forecast: XAG/USD corrects to near $32.40 as Trump reprieves tariffs on automobiles
Silver Price (XAG/USD) corrects from the weekly high of $32.70 and drops to near $32.40 in North American trading hours on Thursday.
Silver
XAGUSD
Fed
YieldCurve
TradeWar
EUR/JPY finds temporary support as ECB cuts Deposit Facility rate by 25 bps to 2.5%
EUR/JPY finds temporary support as ECB cuts Deposit Facility rate by 25 bps to 2.5%
The EUR/JPY pair finds temporary support after sliding more than 0.75% intraday to near 159.20 in Thursday’s North American session.
EURJPY
ECB
BOJ
InterestRate
YieldCurve
US: Initial Jobless Claims dropped to 221K last week
US: Initial Jobless Claims dropped to 221K last week
US citizens filing new applications for unemployment insurance decreased to 221K for the week ending March 1, as reported by the US Department of Labor (DOL) on Thursday.
Employment
EconomicIndicator
UnitedStates
DollarIndex
GBP tags along with general FX trend – Scotiabank
GBP tags along with general FX trend – Scotiabank
Pound Sterling (GBP) briefly nudged above 1.29 for the first time since November.
GBPUSD
Technical Analysis
Banks
CAD edges marginally lower – Scotiabank
CAD edges marginally lower – Scotiabank
The Canadian Dollar (CAD) is marginally weaker. Canada got a further, temporary concession from the US border tariff regime yesterday, with the White House announcing a one-month reprieve for the auto sector, Scotiabank's Chief FX Strategist Shaun Osborne notes, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USDCAD
Technical Analysis
Banks
ForexLive European FX news wrap: Japanese yen jumps, stocks on the rocks
ForexLive European FX news wrap: Japanese yen jumps, stocks on the rocks
Forex news from the European morning session on Mar 6, 2025
Session wrap
Wrap Europe
USD prone to weakness as investors ponder 'US exceptionalism' – Scotiabank
USD prone to weakness as investors ponder 'US exceptionalism' – Scotiabank
The USD is mixed to weaker overall on the session amid a broader slump in market sentiment.
DollarIndex
Technical Analysis
Banks
EUR peaked above 1.08 ahead of ECB policy decision – Scotiabank
EUR peaked above 1.08 ahead of ECB policy decision – Scotiabank
The ECB policy decision this morning is less about the expected 25bps cut—it’s fully priced in—than how the policy outlook is communicated, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EURUSD
Technical Analysis
Banks
US Dollar retreats to below104.00 in the DXY after ECB's Lagarde issues warnings on volatile period ahead
US Dollar retreats to below104.00 in the DXY after ECB's Lagarde issues warnings on volatile period ahead
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is residing below the 104.00 marker this Thursday in a week filled with turmoil. Besides warning signs from the European Central Bank
DollarIndex
Macroeconomics
UnitedStates
SEO
TradeWar
US February Challenger layoffs 172.02k vs 49.79k prior
US February Challenger layoffs 172.02k vs 49.79k prior
Latest data released by Challenger, Gray & Christmas, Inc. - 6 March 2025
Trump reportedly plans to disrupt Iran oil exports by halting vessels at sea
Trump reportedly plans to disrupt Iran oil exports by halting vessels at sea
Reuters reports, citing sources familiar with the matter
Oil
Politics
USD/CAD gains to near 1.4360 despite US Dollar declines
USD/CAD gains to near 1.4360 despite US Dollar declines
The USD/CAD pair moves higher to near 1.4360 in Thursday’s European session despite the US Dollar (USD) extends its downside, suggesting significant weakness in the Canadian Dollar (CAD).
USDCAD
Employment
TradeWar
DollarIndex
UnitedStates
EUR/CHF: Domestic inflation continues to edge lower– Danske Bank
EUR/CHF: Domestic inflation continues to edge lower– Danske Bank
CHF was among the big losers yesterday with EUR/CHF rising 1.5% during yesterday's session, Danske Bank's FX analyst Kirstine Kundby-Nielsen reports.
EURCHF
Technical Analysis
Banks
EUR/USD: ECB meeting to have limited market impact – Danske Bank
EUR/USD: ECB meeting to have limited market impact – Danske Bank
EUR/USD has risen sharply this week, breaking well above 1.07 for the first time since the US election, with EUR optimism continuing in yesterday's session.
EURUSD
Technical Analysis
Banks
What are the calls going into the ECB policy decision later?
What are the calls going into the ECB policy decision later?
A 25 bps rate cut is very much a given, the main focus is on the policy phrasing of "restrictive"
Metals: Comex/LME copper arb surges – ING
Metals: Comex/LME copper arb surges – ING
Comex copper futures surged more than 5% yesterday after US President Donald Trump proposed a 25% tariff on copper imports, ING’s commodity analysts Warren Patterson and Ewa Manthey note.
Copper
Metals
Banks
Commodities