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Deutsche Bank thinks markets may be underestimating the risk of a trade war between the US and Canada. In its analysis, the bank suggests that USD/CAD could rise to "at least" 1.53, with the potential to test the 2002 all-time high of 1.61. A trade war could push Canada into a recession, prompting the Bank of Canada to cut interest rates to as low as 1.50%,...

BlackBull_Markets Broker

The US dollar remains strong despite recent sell-off attempts. Uncertainty around President Trump’s tariff policies continues to influence market sentiment. Trump's announcement of plans to impose 25% tariffs on Canada and Mexico by February 1 has attracted significant attention. The Canadian dollar has dropped to a multi-year low, with USD/CAD trading above 1.45...

BlackBull_Markets Broker

Central bank decisions this week are poised to affect currencies, stocks, and bonds. Here’s what’s happening over the next 7 days: The Bank of Japan (BoJ) Monetary Policy Meeting is scheduled for January 23-24, 2025. The yen rose against the dollar on Tuesday as traders anticipated a ~90% chance of an interest rate hike despite tariff concerns tied to Donald...

BlackBull_Markets Broker

The dollar index dropped nearly 1% to 108.3 following the inauguration speech of President Trump, as the President did not confirm the implementation of immediate tariffs on day one, as previously pledged. Bitcoin surged over 5% to reach a record high of $109,000 ahead of President Trump's inauguration. However, a newly released document from the Trump...

BlackBull_Markets Broker

Inauguration Week: Opportunities in Stocks, Forex, and Crypto Trump’s inauguration on January 20, 2025, marks the start of a new chapter for markets, with potential volatility from incoming executive orders. Cryptocurrency On January 17, 2025, Donald Trump surprised the industry by launching a meme cryptocurrency, $TRUMP, which has already reached a...

BlackBull_Markets Broker

The Bank of Japan (BoJ) will hold its first policy meeting of the year next week, with markets pricing in a 90% likelihood of a rate hike on January 24. Last year, BoJ rate hikes contributed to the Yen carry trade unwind in early August, coinciding with Bitcoin’s decline to $49,000. This week, the Japanese yen strengthened toward 155.5 per dollar, its highest...