Market News

It was announced yesterday that the US will officially withdraw from the Iranian Nuclear Deal and Trump stated that the administration would implement the highest level of sanctions on Iran. Other countries that were part of the 2015 deal, including UK, France and Germany have pledged to remain committed to the agreement, with the Iranian

The Dollar Index is continuing to see gains reaching 93.08, the highest levels since mid-December. The Dollar is still seeing support from US Treasury yields as well as broadly stronger economic data that is fueling the expectations on steady rate hikes from the Fed this year. Oil has slipped from its multi-year highs yesterday as

Over the weekend, discussions to renew the Iranian nuclear deal were had with concerns that Trump will walk away from the deal. Israeli Prime Minister Netanyahu stated that the deal in principle was fatally flawed, while Iranian President Rouhani issued a warning that the US would face historic regret if they walk away from the

Rounding out what was a busy week on the calendar is US Non-Farm Payrolls and US Unemployment Rate. Expectations have Non-Farms rebounding after last month’s weak 103k release. If we see another month of lower than expected jobs numbers then dollar bears could come out as the Fed is looking for key economic data to

  The dollar has pulled back slightly following a solid run where we saw four month highs on the dollar index. Investors were looking to cash in following the Fed Rate Decision yesterday where the Fed added little in terms of new information to their outlook. The word symmetric was used twice in reference to

The dollar is down slightly from yesterday’s highs as we look towards the Fed Rate Decision later this afternoon. Dollar index was down 0.1% as of this morning, still within striking distance of the four month highs we saw yesterday on the index. It is expected that the Fed will be holding rates but will

The DXY is up 0.12% today, which is just shy of the highs we saw on Friday, lifted by positive US economic data as we look forward to the Fed tomorrow and jobs numbers on Friday. Yields on the 10-year treasury note is still buoying the dollar as we continue to flirt with the psychological

USD continues to climb against its peers, reaching highs on the DXY that we haven’t seen since January. The index jumped around 1.37% last week following the rise of US yields, leading to the outlook of a quicker pace for rates hikes from the Fed later this year. On Wednesday, we have the Fed Rate

To cap off a busy week, we head into the North American trading session with US Q1 GDP at 8:30 with expectations of a slowdown to 2% growth after last quarter’s 2.9%. The BOJ held rates at -0.10% as expected and German unemployment numbers failed to impress with Unemployment Change falling short of expectations and

An early start to the calendar today with the ECB maintaining rates of 0% as expected. Draghi will be addressing the media later this morning, which the markets will look to for answers on outlook for the eurozone. Following French President Marcon’s trip to the White House, whispers of Trump pulling out of the Iran