Live Updates

    6 March 2025
    Tariff concerns remain unclear; USD/CAD hits weekly lows, down 200 pips from earlier levels

    USD/CAD drops 51 pips to 1.4337, reaching weekly lows amid US tariff anticipation and market optimism.

    6 March 2025
    Crude oil fell to $66.31, influenced by economic concerns and OPEC+ production plans impacting prices

    Crude oil prices dropped 2.88% to $66.31 amid economic concerns and OPEC+ production plans, testing key support.

    6 March 2025
    The White House indicated Trump is receptive to proposals for further tariff exemptions, as Canada complains

    Trump may allow more tariff exemptions; Canada challenges WTO; Democrats might push a House vote on tariffs.

    5 March 2025
    The White House confirms a one-month exemption for autos under the USMCA, amid concerns.

    White House grants one-month auto exemption under USMCA; concerns raised over fentanyl trafficking from Canada, prompting action.

    5 March 2025
    Trump mentioned a call with Trudeau about tariffs, expressing concerns over border issues and fentanyl

    Trudeau called Trump about tariffs and fentanyl; Trump remained skeptical. Possible tariff reductions may happen soon.

    5 March 2025
    Following the tariffs, Trump and Trudeau conversed, discussing trade and fentanyl, lasting 50 minutes

    Trump and Trudeau discussed tariffs, trade, and fentanyl; USDCAD declined while US stock indices showed gains.

    5 March 2025
    The EURCHF rose to its highest since July 2024, while the EUR strengthened significantly against major currencies

    EURCHF hits highest level since July 2024, rising 1.6%, surpassing key resistance levels amid Euro strength.

    5 March 2025
    A New York Fed report reveals businesses’ inflation expectations have risen this year amidst high uncertainty

    Market anticipates 77 basis point Fed easing reduction, influenced by inflation trends and tariff uncertainties, per NY Fed.

    5 March 2025
    The proposed removal of Germany’s debt brake prompts widespread optimism in financial markets and spending plans

    Germany plans to lift the debt brake, allocating 500 billion euros for infrastructure, impacting markets and politics.

    5 March 2025
    US crude oil inventories increased by 3614K, while gasoline and distillates saw decreases. WTI dropped

    US crude inventories rose significantly, while gasoline and distillate stocks declined. WTI crude hit a low.

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