The US Fed has again re-iterated its dovish policy stance. Powell left no room for doubt that they are “not even ready to talk about talking about” raising rates. This was completely expected and has weighed heavily on the US […]
USD is King (but not in Canada)
US 10 year yield resumed its rampage higher this week. The USD was generally stronger as well, but the Canadian dollar bucked that trend. The result was a mixed bag for the US Dollar Index. There are plenty of releases […]
FX Market Commentary
Non-farm payrolls delivered some fireworks on Friday. Coming in at a whopping 379k vs expectations of 180k. Perhaps more interesting, private payrolls performed even better which clearly points to the recovery in the private sector getting back on track. The […]
FX Market Update
The week behind We saw a lot of activity across all markets last week. US Yields shot higher, leading others to follow suit. Ultimately, the US Dollar was the main beneficiary across the board. The Fed remained quiet on the […]
USDCAD On Its Lows… for now
USDCAD is staring at 1.25 with a lot of momentum pointing to a move lower. The next level to target would be 1.20 and should that go we could see a fairly sharp move toward 1.00. This would be pretty […]
1/5/2021 FX Market Commentary
USD Under pressure After shaking off some pressure to start the year, the USD staged a brief rally yesterday, but that has all been erased and we are seeing multi year lows across the board. Oil has managed to rally […]
FX Market Commentary 12/21/2020
2020 Isn’t done with us just yet This was supposed to be about Brexit. Unfortunately there is still a human story unfolding, with many countries denying travel from the UK. This new strain of covid really spooked the FX market. […]