Market News

Powell’s near neutral comments last week coupled with a Trump Xi ceasefire at the G20 over the weekend has risk rallying with equities and oil noticeably higher. This exuberance will still need to be carried by positive data going forward and it remains to be seen whether or not this Trump XI dance continues. FED

Another quiet overnight session as the market awaits the G-20 & specifically any movement on Sino – U.S. trade relations.  As such the dollar index and most other asset classes are treading water within the week’s ranges. Canadian GDP is due out at 8:30 AM EST and is expected to print a month over month

FED Chairman Powell caught markets by surprise yesterday with comments that were perceived to be more dovish regarding rate policy. This turned all asset classes on a dime resulting in a risk rally pushing equities higher while the DXY & U.S 10 year rates both tumbled.  Overseas players have not pushed any of these markets

Yesterday’s Fedspeak remained neutral to mildly dovish but was outweighed by U.S. Presidential comments stating more tariffs on China could come if talks between the two countries do not go well from a U.S. perspective.  This resulted in a stronger U.S. dollar and a move towards risk aversion with moderately lower equities.  Overnight action has

It’s all about the FED today with focus on Clarida who is due to speak about data dependence and monetary policy at The Clearing House and Bank Policy Institute’s Annual Conference in New York at 8:30 AM EST.  His previous comments were unexpectedly dovish and lead the market to scale back FOMC rate hike prospects

Global equities are in positive territory to start the week after the extended U.S. holiday saw lighter than normal flows and subdued trading in all asset classes.  This week sees a great deal of central bank activity with speeches from heads of the ECB, Bank of England, RBNZ & the FED while the RBNZ &

Flows should remain light through US Thanksgiving with the trade weighted dollar marginally weaker this morning on positive Brexit news. Yesterday the FED’s Kaplan reiterated what Powell and Clarida have said – that we are approaching the neutral rate while global growth is slowing.  Next week will be a key FED week: Clarida on Nov

USDCAD 1.3318 high in North America remained intact in Asia and we have traded lower all morning.  Support is at 1.3260 intra-day with resistance at 1.3333 or the .75 cent level in CAD$ which will likely hedging beacon for many domestic corps. Yesterday the combination of BoC’s Wilkins comments, free falling equities and lower oil

Overseas equity indices are lower after U.S. stocks fell yesterday on iPhone concerns and ongoing Sino/American trade tensions. EUR is trading lower on the continuing Italian/EU deficit clash with Italian Deputy PM Di Maio commenting the EU is acting like a wall towards Italy’s “reform efforts.”  Sterling is also on the slide despite rebel MP’s

Sterling has been the story for the last 24 hours seeing wild gyrations that moved the currency between 1.2750 & 1.3050 in reaction to headlines.  PM May has presented the Brexit plan to her cabinet which has resulted in 4 resignations, including a particularly damaging one from Dominic Raab sparking fears the UK could leave