Market News
Morning Commentary & Currency Insights – July 16, 2018
- July 16, 2018
- Posted by: Joey Benedid
- Category: Market News
No CommentsFollowing Putin catching the World Cup Final yesterday in Moscow, he traveled to Helsinki where he and President Trump are set to meet. Trump is under pressure to address the 2016 Election meddling accusations among other geopolitical matters. Many are skeptical that any positive takeaways will result in the meeting. Trump took aim at the
Morning Commentary & Currency Insights – July 13, 2018
- July 13, 2018
- Posted by: Joey Benedid
- Category: Market News
The Dollar Index saw gains during the overnight session on the back of on target CPI data yesterday as well as trade tensions, which have investors seeking the safety of the Dollar to close out the week. Trump met with British PM Theresa May yesterday and sparked a bit of controversy when he spoke with
Morning Commentary & Currency Insights – July 12, 2018
- July 12, 2018
- Posted by: Joey Benedid
- Category: Market News
The Dollar rebounded yesterday after taking a hit following the BoC Rate Decision where Poloz and co. announced a 25bps hike. After the BoC, investors set their sights to US data set for release Thursday and Friday. US CPI met expectations helping buoy the Dollar near the high of yesterday’s trading session. The U. of
Morning Commentary & Currency Insights – July 11, 2018
- July 11, 2018
- Posted by: Joey Benedid
- Category: Market News
The Dollar inched higher overnight but gains were capped as the US indicated that it would impose tariffs on an additional $200B worth of Chinese imports, furthering trade concerns. Trump will be meeting with NATO counterparts in Brussels today to discuss increasing military spend and trade. Trump has already called out Germany for not spending
Morning Commentary & Currency Insights – July 10, 2018
- July 10, 2018
- Posted by: Joey Benedid
- Category: Market News
The Dollar has rebounded during the overnight session as concerns regarding the immediate escalation of a trade war between the US and China has eased somewhat. After imposing this round of tariffs, Trump now turns his attention to NATO as he embarks on his upcoming European adventure. Trump will stop in Brussels to speak with
Morning Commentary & Currency Insights – July 9, 2018
- July 9, 2018
- Posted by: Joey Benedid
- Category: Market News
As we move into life after tariffs, markets seemed to shrug off any drastic immediate impacts that some analysts were fearing right out of the gate. On Friday the US imposed tariffs on China equaling $34B and China retaliated accordingly imposing its own tariffs. The Dollar continued its slide from the later part of last
Morning Commentary & Currency Insights – July 5, 2018
- July 5, 2018
- Posted by: Joey Benedid
- Category: Market News
With another holiday come and gone, North American trading gets back to business. Trade wars are on everyone’s mind as the stage is set for the US and China to throw massive $34B tariffs at each other on Friday with the US throwing slated to swing the first punch. A spokesman from China’s Commerce Ministry
Morning Commentary & Currency Insights – July 4, 2018
- July 4, 2018
- Posted by: Joey Benedid
- Category: Market News
Good morning and Happy Fourth! With the American holiday upon us, markets are expected to be slow today as trading has thinned out since the close of yesterday’s session. The Dollar limped into the holiday due to ongoing trade tensions as the deadline for the US to impose tariffs on Chinese imports is this Friday.
Morning Commentary & Currency Insights – July 3, 2018
- July 3, 2018
- Posted by: Joey Benedid
- Category: Market News
With the long weekend behind us, focus in Canada now shifts back to the markets as we gear up for dual jobs numbers at the end of a shortened week. A holiday interrupted week has the US quiet on the economic release front until we see the FOMC Minutes on Thursday. The Dollar Index is
Morning Commentary & Currency Insights – June 29, 2018
- June 29, 2018
- Posted by: Joey Benedid
- Category: Market News
As we look forward to the long weekend ahead, the Dollar Index slumps into Friday, down 0.46%. After US GDP missed expectations yesterday, US PCE Core looks to redeem the dollar after falling from highs earlier in the week we haven’t seen since last June. In Poloz’s speech earlier in the week, he mentioned that