USD/CAD Tries to Defend Familiar Support
The pair dropped after Friday’s jobs reports from the United States and Canada and today it started soft, but finds support at key levels, as we head towards the US session
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The pair dropped after Friday’s jobs reports from the United States and Canada and today it started soft, but finds support at key levels, as we head towards the US session
The pair shows indecision at the start of the week, but manages to post new two-month highs during the European session
The pair rose on Friday due to high Eurozone inflation and poor Non-Farm Payrolls from the US, but today it returns to negative territory
Read the daily market update as we head towards the European open, to get some of the latest developments, main market moves and upcoming events
Hawkish minutes from the Fed last monetary policy meeting and today’s Non-Farm Payrolls, dominated during the first week of the year
The pair faces renewed pressure at the start of European trading and heads towards a negative week, weighed by Wednesday’s hawkish Fed minutes
Read the daily market update as we head towards the European open, to get some of the latest developments, main market moves and upcoming events
The charts below show an interesting relationship between gold and bonds. The top chart is XAUUSD, the middle chart is IEF - iShares 7-10yr Bond ETF, and the bottom chart is the US 10 Yr. Treasury yield. The red trendline shows the period between the third quarter of 2018 to the middle of 2020. During this period, gold and bond prices both appreciated, whilst yields declined. The orange trendline represents…
Introduction The minutes from the Fed's December meeting indicate that members are concerned over surging inflation and that they also feel that the job market is near full employment. They also suggest that the central bank's balance sheet is due to be normalised, with the intentional reduction of Fed bond holdings. The runoff is likely after the Fed kicks off with its hiking cycle. Moreover, the Fed's acceleration of tapering…
The US Dollar deflates following its Monday rally, allowing the pair to rebound today, ahead of key events – mainly form the US
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