United States MBA Mortgage Applications up to 11% in May 2 from previous -4.2%

May 7, 2025

USD/CAD trades higher around 1.3800, Fed policy in focus

The USD/CAD pair rises to near 1.3800 during European trading hours on Wednesday. The Loonie pair gains as the US Dollar (USD) edges up ahead of the Federal Reserve’s (Fed) interest rate decision at 18:00 GMT.

WTI strives to break above $60 on hopes of de-escalation in US-China trade war

West Texas Intermediate (WTI), futures on NYMEX, aims to extend its two-day recovery move above the key resistance of $60.00 during European trading hours on Wednesday.