Monthly Archives: March 2026
41654156156Loonie Consolidates as Bank of Canada Navigates “Energy Shock” Uncertainty
Written on March 19, 2026 at 1:42 am, by pumarketings
Key Takeaways: *CAD consolidates in a range following Bank of Canada (BoC) decision to hold rates at 2.25%. *BoC flags Iran conflict and rising oil prices as drivers of supply-led inflation, complicating policy outlook. *Governor Tiff Macklem cautions on heightened future economic uncertainty, signaling careful monitoring of rate hikes. Market Summary: The Canadian dollar continuesContinue Reading
Dollar Resurgent as Hot PPI and Fed Hawkishness Upend Rate Cut Hopes
Written on March 19, 2026 at 1:40 am, by pumarketings
Key Takeaways: *Dollar index rebounds as market inflation fears intensify following upbeat US PPI data. *US Producer Price Index rose to 0.70% vs. expectations of 0.30%, signaling persistent inflation pressures. *The Federal Reserve holds rates at 3.50 — 3.75%, but comments from Chair Powell suggest further tightening may be on the table. Market Summary: TheContinue Reading
Oil Hits $110 as Infrastructure War Targets South Pars and Ras Laffan
Written on March 19, 2026 at 1:37 am, by pumarketings
Key Takeaways: *Infrastructural Strikes: Brent crude surged to $110 per barrel following an airstrike on Iran’s South Pars gas field, the world’s largest natural gas reserve. *Retaliatory Damage: Iran’s military signaled “decisive action” as reports emerged of “extensive damage” at Qatar’s Ras Laffan industrial site. *Supply Risks: Despite Iran stating fires at its petrochemical complexContinue Reading
