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WTI tanks almost 8% as Trump tariffs stoke global economic risks

West Texas Intermediate (WTI), futures on NYMEX, continues to face a bloodbath as the announcement of reciprocal tariffs by United States (US) President Donald Trump has prompted global economic risks.
New
update2025.04.04 23:31

USD/CAD gains further to near 1.4240 after US/Canada employment data

The USD/CAD pair extends its upside to near 1.4240 during North American trading hours on Friday. The Loonie pair strengthens as the Canadian Dollar (CAD) falls further after the release of the downbeat employment data for March.
New
update2025.04.04 23:11

OPEC+ increases oil production unexpectedly significantly in May - Commerzbank

The eight OPEC+ countries with voluntary production cuts surprisingly announced yesterday that they would increase production by 411 thousand barrels per day in May.
New
update2025.04.04 22:44

GBP losses steady around 1.30 - Scotiabank

Pound Sterling (GBP) is weak, down a meaningful 0.8% vs. the USD while still trading relatively well vs.
New
update2025.04.04 22:40

EUR/USD consolidates around 1.10 - Scotiabank

Euro (EUR) is soft, down 0.4% vs. the US Dollar (USD) and trading back around the 1.10 level with a modest fade of Thursday's impressive rally, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
update2025.04.04 22:37

Kazakh oil production at record level also in March - Commerzbank

Kazakhstan's oil production is said to have risen to a new record level in March, Reuters reported, citing informed sources, Commerzbank's commodity analyst Carsten Fritsch notes.
New
update2025.04.04 22:31

CAD gives up some gains on weak risk mood - Scotiabank

The Canadian Dollar (CAD) is softer, losing ground against a generally stronger USD, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
update2025.04.04 22:28

Oil prices under pressure after US tariff announcement - Commerzbank

Oil prices came under significant pressure following US President Trump's tariff announcements, Commerzbank's commodity analyst Carsten Fritsch notes.
New
update2025.04.04 22:24

USD recovers but sentiment remains weak - Scotiabank

The impact of this week's US tariff announcement continues to reverberate around global markets. Stocks continue to weaken, havens - bonds - remain strongly bid.
New
update2025.04.04 22:19

Canada Unemployment Rate edged higher to 6.7% in March

The Unemployment Rate in Canada edged higher to 6.7% in March from 6.6% in February, Statistics Canada reported on Friday. This reading came in line with the market expectation.
New
update2025.04.04 22:03

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