Market News

The Dollar Index is up 0.56% to 95.29 as we reach highs we haven’t seen since early November. The Dollar broke out overnight after Trump ordered the identification of $200B in Chinese imports to assign a 10% tariff, while threatening to apply a tariff on an additional $200B in Chinese imports if Beijing chooses to

The Dollar made strides towards the end of last week, seeing the DXY rise 1.33% over he course of the week. The main push for Dollar bulls was the diverging monetary policy outlooks between the US and Europe. The Fed was hawkish and alluded to two more hikes throughout 2018, while the ECB took a

The Dollar broke through resistance during the overnight session as trade tensions continue to make headlines. Trump announced that he has approved more tariffs on Chinese goods worth about $50B. The Trump administration is also planning a second list of goods that it plans to slap more tariffs on. The two largest economies continue to

The event of the day will be the FOMC rate decision at 2PM EST where a 0.25% hike is expected & fully priced into current levels.  What will be of greater interest is the press conference at 2:30PM EST following the release.  With global trade tensions at the highest level seen in many decades, led

With the long awaited meeting between Trump and Kim Jung Un done, markets are in a wait-and-see mode as they wait for concrete evidence that the involved parties will actually take steps to achieve what they have promised. The two nations signed a declaration that North Korea would work towards complete denuclearization of the Korean

The G7 Summit ended with little to show for, as Trump departed early from the Summit and trade tensions remain between the US and it’s closest allies. Trump flew to Singapore from Quebec ahead of his Summit with North Korea, which is slated to begin at 9:00PM EST tonight. Trump is confident that he’ll be

  The G7 Summit begins today in Quebec, and focus is now on the early departure of Trump as he heads to Singapore ahead of the Summit with North Korea. France and Germany warned the US that they would not sign a joint statement without concessions on trade, the Iranian nuclear deal and the Paris

  With the G7 summit slated to start this week in Quebec, some tension is building surrounding the US. French President Macron has sided with Germany in warning the US that he will not sign a joint statement unless the US makes strides on trade, the Iran nuclear deal and the Paris climate accord. Larry

The Dollar is down this morning following hawkish comments from the ECB and Treasury Secretary Mnuchin’s comments to Trump urging that the US drop tariffs on Canadian products. The Dollar is coming back down after a very strong couple of days which was highlighted by last Friday’s employment data, leading to sustained belief that the

Major currencies are trading sideways this morning after the movement we saw yesterday as the market is reluctant to move in any concerted direction. US allies were not pleased with the Trump administration after metal and aluminum tariffs were imposed on Canada, Mexico and the EU. The tariffs should not necessarily come as a shock