Bank of Canada is expected to keep interest rates unchanged at 5.0% on Wednesday, but the institution may issue a slightly less hawkish guidance, creating the right conditions for further USD/CAD’s strength.

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There’s a lot of heavyweight US economic data released over the next week ahead of the Bank of Japan meeting. Will traders continue to respect USD/JPY 150?

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The facilitation of aid to the Gaza region has provided momentary calm for gold and silver markets, allowing prices to readjust. The ongoing war maintains the bullish bias

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The selling has paused in indices for now, with the Nasdaq 100 and S&P 500 holding their September lows and the Nikkei 225 avoiding a close below the 200-day moving average.

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The latest PMI data suggests the possibility of a mild recession in the Eurozone in H2 and this will add further pressure on the ECB to leave interest rates unchanged at this week’s meeting.

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