Market News

Most G7 currency pairs have traded within tight ranges in the overnight session once again as markets regain near-full capacity after the Easter long weekend with holidays looming in China & on the Jewish calendar.  Global equity markets remain under pressure as the S&P 500 closed below its 200 day moving average yesterday for the

Extremely quiet overnight session as Europe is closed for Easter Monday and all G7 pairs have traded within very tight ranges.  The only release of note today is U.S. manufacturing numbers due out at 10 AM EST.   The RBA has a rate announcement on Tuesday with no move expected while Australian retail sales will follow

The overnight session was very similar to the previous day’s trading with tight ranges and little activity to speak of.  Canadian GDP is the only data due out today at 8:30 AM EST where a print of 0.1% is anticipated matching the previous month’s reading.  The S&P is still down for the month so rebalancing

The U.S. dollar is broadly higher with month end flows beginning to dominate the landscape as players try to get one step ahead of anticipated thin markets heading into the Easter long weekend.  U.S. equity markets bounced back strongly yesterday and global indices are all in positive territory today with the only release of note

The dollar index continues to lose ground on global trade war concerns with the Dow closed near 2018 lows on Friday while Asian & European bourses are in positive territory to start the day.  As we begin a shortened trading week there are several FED members slated to speak throughout today & tomorrow while the

Yesterday’s announcement that the White House is taking aim at China’s unfair seizure of US intellectual property saw the U.S. level tariffs of $50-60 billion on Chinese imports sending equity markets plummeting on fears of a global trade war.  The U.S. dollar is mixed as China has so far shown a modest response leveling only

The dollar sold off quite hard after the FOMC raised interest rates by a quarter percentage point as the market deemed FED comments to be more dovish than anticipated leaving room for doubt about future hikes in 2018.  While there are still 2 hikes priced in for the remainder of the year the cautious tone

NAFTA headlines stating the U.S. has dropped its contentious auto content proposal has pushed USD/CAD back down to the 1.3000 pivot point in overnight trading with North American traders yet to react as this news came out after-hours.  With an FOMC rate hike expected today at 2PM EST this may be a confounding and volatile

Markets have been relatively quiet overnight and will likely remain so until tomorrow afternoon’s FOMC rate announcement takes place at 2 PM EST.  UK inflation data came out roughly as expected having little to no effect on the Pound while nothing earth shattering has emanated out of the G20 meetings being held in Argentina.  With

The British Pound has been the big mover to start the week as UK negotiators have reached a deal with the European Commission on the terms for the Brexit transition.  This has seen Sterling gain 1.25%+ against G7 counterparts.  There are also G20 meetings for the first two days of the week but all eyes