Metronome USD Price & Performance (METUSD)

Canada's Prime Minister Mark Carney has announced a federal election for April 28, 2025. This political development comes as the USD/CAD exchange rate fluctuates due to trade tensions and inflation data. Analysts are closely watching how these factors, alongside election outcomes, will influence market trends.1

The Bank of Japan has decided to hold its short-term interest rate at 0.5%, the highest since 2008. This cautious stance reflects concerns over global economic uncertainties and domestic challenges, including flat exports and industrial output. Inflation remains elevated, driven by service costs, while private consumption shows moderate growth.2

Direxion has submitted 71 new ETF filings with the SEC, marking the largest single submission by an asset manager in this sector. This move highlights growing interest in alternative investment strategies, despite recent losses among bullish day traders during an S&P 500 correction.3