Market News

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

The dollar index continues to grind higher as the U.S. 10 year Treasury yield is trading above 3%.  The DOW was hit hard yesterday as Treasuries flirted with the pivotal level and U.S. equities are tagged for further declines today on the overnight breach of 3%.  The ECB rate announcement tomorrow is not expected to

After a quiet night in the markets, USD continues to outperform many of its counterparts despite slight retracements in most G7 currency pairs. As the yield on 10-year US Treasuries notes hit its highest level in over four years at 2.998%, it remained below the key threshold of 3% which investors see as the pivot

The dollar has continued riding Friday’s gains to start the week with US Bond Yields on the rise with the Dollar Index up 0.37% this morning, the strongest we’ve seen since March 1st.  Trade talks between US and China appear to be moving in a positive direction as Treasury Secretary Mnuchin is said to be

To cap off a relatively quiet week for the markets is Canadian CPI YoY (2.4% vs 2.2%) as the only primary economic release on the docket today, with Canadian Retail Sales (0.5% vs 0.3%) filling out the calendar for secondary releases. Trump weighed in on yesterday’s OPEC meetings in Saudi Arabia stating that the organization

Following yesterday’s BoC Rate Decision, CAD swooned on concerns over the housing market and that the economy is not yet able to stay at full capacity on its own, needing accommodations in policy to allow for inflation targets to meet ongoing expectations. While we did see investors gravitate to USD, the pair has fallen back

Sterling has put in a short term top having dropped after soft inflation numbers this morning and slower wage growth Tuesday have taken the steam out of expectations of another rate hike from the BoE in May and beyond.  Elsewhere the dollar is broadly higher on the back of perceived calm in geopolitical & domestic