Market News

Volatility continues in FX markets with the dollar index deteriorating after failing to sustain gains above the 90.00 level last week (see chart).  As players attempt to disseminate whether the FED will hike 3 or 4 times in 2018 the fate of U.S. Treasuries vacillates until a clearer picture emerges.  U.S. data releases of note

After yesterday’s disappointing retail sales data for Canada rocked the Canadian dollar all eyes are focused on today’s CPI release.  A low inflation print will see the Canadian dollar get hammered against the USD and all crosses as market participants are ready to pounce.  Conversely a high number will see CAD/USDS rate spreads tighten and

Statements from FED member Bullard & the FOMC minutes caused a whipsaw movement in equity and FX markets yesterday that eventually led to a stronger U.S. dollar prevailing while equities declined.   “St. Louis Federal Reserve President James Bullard cautioned that investors may be “getting ahead of themselves” in anticipating four rate hikes from the central

The U.S. dollar continues to grind higher across the board supported by rising U.S. Treasury yields as the market anticipates a March rate hike from the FED.  This afternoon’s 2 PM EST release of the minutes from the last FOMC meeting will be the next piece to the puzzle for players to decipher.  Weaker manufacturing

The dollar index is on the rise for the third consecutive day after last week’s precipitous & counterintuitive drop following stronger than anticipated U.S. inflation data.  It appears markets are slowly normalizing with equities lower and the dollar higher as participants reprice the likelihood of FOMC rate hikes for 2018.  Wednesday’s FOMC Meeting Minutes will

The dollar index has bounced off a 3 year low at 88.25 in Asian trading recovering from Thursday’s surprise sell off after higher than expected U.S. inflation data resulted in a “buy on rumour, sell on fact” mentality resulting in large USD selling to unwind short term long positions.  While U.S. Treasury yields continue to

The only thing the market will be caring about today is U.S. CPI data due to be released at 8:30 AM EST.  Expectations are for a rise of 0.3% on the month and 1.9% year over year.  Rumblings on the street is we will see 0.5% which would see the U.S. dollar surge higher against

Yen strengthened dramatically overnight having traded below strong support at 108.00 as the Asian currency gained on safe haven status amid current market turmoil.  UK inflation data came in marginally above expectations halting the Sterling’s slide as expectations of a BoE hike in May circulated after the 3% print hit the market.  Elsewhere in the

Global equities continue to get hammered in the wake of last week’s market pivot based off the U.S. jobs data. The market collective is now looking towards U.S. CPI numbers due out Feb 14 for the next point to ratchet expectations up or down on the FOMC hiking cycle for 2018.  Before we get there

Friday’s strong U.S. employment data has bolstered the fate of the U.S. dollar while slamming North American equities as the market appears to be switching its focus to the possibility of 3 rate hikes from the FED this year.  The DXY appears to have found a base in  the mid 88’s with a break above