Greg Michalowski

The Bank of Canada cuts rates by 0.25% to 3.00% from 3.25% The Bank of Canada cut rates by 25 basis points to 3.0% from 3.25%. The full statement says:

The pair broke below the 200-hour MA and continued the decline today.

The weekly oil inventory data for the week of January 24 Crude oil inventory +3.463M versus 3.194 million estimate

The price is back below the "red box" after a brief break above the level

The topside resistance between 0.9068 to 0.9077 The USDCHF has eased slightly ahead of the FOMC rate decision, retreating below key resistance

With a decline of -0.32% in trading today France's CAC is the exception The major European stock indices are mostly closing higher.

USDCAD stretches to new lows

Comments from Commerce Secretary nominee Lutnick More from Lutnick: CHina's DeepSeek, was able to create a dirt cheap, by leveraging what company had taken from the United States.

US yields are moving back toward unchanged after moving up about three – four basis points out the curve. The two-year yield is still up around 2.3 basis points at 4.227%, but off its high of 4.263%..

Microsoft (MSFT) Q2 2025 EPS: $3.23 (BEAT; exp. $3.11) Revenue: $69.6B (BEAT; exp. $68.78B)