Portugal’s trade deficit improved to €-7.211 billion, reflecting better trade dynamics despite ongoing sector fluctuations and external influences.
Canada plans retaliatory tariffs of C$29.8 billion after U.S. steel and aluminium tariffs, according to Reuters.
MBA mortgage applications dropped to 11.2%, EUR/USD trades below 1.0900, and cryptocurrencies decline amid market sell-off.
US mortgage applications rose 11.2%, driven by refinancing, as 30-year rates fell to 6.67% from 6.73%.
BoC meeting eyes a rate cut; USD/CAD reacts to tariffs, forecast suggests decline to 1.41 soon.
Understanding CPI forecast distribution is crucial, as deviations from expected 3.2% Y/Y and 0.3% M/M may impact markets.
Germany’s 10-year bond yield rose to 2.92%, signaling higher borrowing costs and shifting market expectations.
USDJPY nears 148.60 ahead of CPI; soft data may weaken Dollar, while strong CPI could spur gains.
Germany’s 10-year bond yield rose, reflecting market fluctuations that influence borrowing costs, investor sentiment, and economic trends.
Nasdaq futures hover near 19,450; key levels at 19,460 and 19,407. CPI report may drive volatility.
Insights 
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