Market News

While ranges in FX have been very tight in most currencies it may be the calm before the storm as there are a great deal of events occurring this week in what is historically one of the most illiquid trading periods of the year.  They are: Brexit debate in parliament (Monday, Tuesday) FOMC Rate Statement

The seesaw of risk sentiment continues as we see global equities on their back foot with U.S. indices expected to open up in negative territory as well.  The dollar is higher mainly on a weaker Sterling with PM May lobbying EU leaders for leniency with Brexit but seemingly not receiving much sympathy.  Several EU leaders

Very quiet overnight session with tight ranges in most currency pairs including Sterling which has maintained gains garnered yesterday in anticipation of PM May’s political survival before she heads to Brussels for further Brexit discussions.  The ECB has left rates unchanged as anticipated as we now await the news conference scheduled for 8:30AM EST.  Markets

Headlines from a WSJ article stating “CHINA WORKING TO REPLACE ITS MADE IN CHINA 2025 PLAN” have equity markets in positive territory with U.S. futures pointing to a higher opening as well.  The dollar is generally weaker on the back of this and U.S. inflation data was benign garnering no emotion from the market.  Volatility

The U.S. dollar benefitted yesterday from Brexit concerns and lower oil/equities but has consolidated today after posting an outside day on the charts.  Sterling’s future is very shaky with a possible no deal Brexit weighing heavily on the currency.  U.S. PPI & CPI releases today and tomorrow will catch the market’s eye with ever increasing

Sterling has slumped to an 18 month low after UK PM May “has reportedly aborted a vote on her Brexit deal, which was scheduled for tomorrow evening, after being warned she was on course for a devastating defeat in the House of Commons” several sources have told The Telegraph. “After an emergency conference call with

Busy day ahead with OPEC announcements expected & dual U.S./Canadian employment data due to be released at 8:30 AM EST.  USD/CAD has been whippy within a tight range as rumours of an OPEC agreement come out and get denied causing gaps of 20-30 points within seconds.  I will try to update you again after the

Even though the market had begun pricing out the January hike USD/CAD moved aggressively higher when the BoC struck a dovish tone with many now looking towards April as a “live” date.  Poloz speaks this morning at 8 35 a.m.  on “Economic Progress Report and financial stability” as CAD continues to weaken amidst a negative

Yesterday’s U.S. stock market rout saw a flight from risk resulting in a shift away from riskier assets & a stronger U.S. dollar.  Concerns over a China U.S. trade War truce emerged quickly and were exasperated by those looking to hedge ahead of today’s Day of Mourning for President Bush as equity & bond markets

The dollar index (DXY) is lower led by a stronger Yen as U.S. 10yr Treasury yields drop to their lowest level in 3 months on dovish FED concerns.  Global equities are in negative territory and oil is clinging to recent gains as markets await confirmation from OPEC regarding production cuts.  With little on the docket