Gold stays positive for the week, trading near $3,030 amid geopolitical tensions, tariff concerns, and technical resistance.
AUDUSD faces selling pressure below key moving averages, with support at 0.6254-0.6268 crucial for further declines.
Goolsbee stresses patience amid uncertainty, highlighting business anxiety, tariffs’ impact, and the Fed’s long-term approach.
Tech struggles as Nvidia falls, while industrials, led by defense stocks, thrive. Investors shift towards stability.
Canada’s housing prices rose 0.1%, USD strengthened, gold nears $3,000, and US SEC discusses crypto regulation.
Market expects 64% chance of ECB rate cut in April; Stournaras supports, citing fiscal stimulus and equilibrium needs.
Canada’s New Housing Price Index rose 0.1% in February, exceeding forecasts, signaling housing market trends.
USDCHF bounced from 0.8755 after SNB rate cut, encountering resistance at 0.8845 while maintaining short-term bullish momentum.
Canada’s retail sales rose 0.2% in January, exceeding forecasts, indicating positive consumer spending trends and economic momentum.
Canada’s retail sales fell 0.6% in January, missing expectations and signaling ongoing challenges in consumer spending.
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