Topic: Daily Market Updates
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Dollar rises after Fed’s stagflation revision
Holding pattern for the Loonie. Best Fed day for stocks since July ‘22. Euro slips below $1.09. BoE priced to stay on hold.
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It’s Fed Day
Tough times for central bankers. Equity rout continues pre-Fed. European confidence making a comeback. Profit-taking risk ahead of BoE.
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U.S. data weighs on dollar
On both sides of the border. Retail sales miss weighs on dollar. Clearing the $1.09 barrier. Knocking on the door of $1.30.
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Looking at central banks
Contrasting trade war tactics. Stocks rebound despite stagflation signs. Establishing a higher bottom? Resilient sterling awaits BoE decision.
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FX consolidates while U.S. equities suffer
Stocks dip, Loonie stays unfazed. Equities enter correction territory. Euro outlook remains complex. UK economic concerns mount after GDP miss.
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Tariffs poised to ignite inflation risks
Preemptive moves by Canadians on trade risks. Inflation data overshadowed by tariff threat. Will Trump stop the euro rally? Within a whisker of $1.30.