Lonnie Suffering Alongside Crude Oil Prices The Canadian Dollar underperformed against the US Dollar on Thursday, extending losses that started at the end of last week. USD/CAD is up almost 1 percent this week so far, marking the best week for the currency pair since the beginning of March. What has been driving losses for...Read More

GBP/USD TECHNICAL ANALYSIS GBP/USD advanced on Wednesday, but gains were modest despite a rally in U.K. government bond yields, which rose sharply and more than their global counterparts after March inflation data surprised to the upside. While double-digit inflation may prompt the Bank of England to raise rates again in May, the British pound may...Read More

Gold prices gained slightly over the past 24 hours after the worst 2-day loss since early February. The anti-fiat yellow metal benefited from a cautiously weaker US Dollar as traders continued to fine-tune their expectations of where the Federal Reserve might take interest rates later this year. During Tuesday’s Wall Street trading session, Atlanta Fed...Read More

China/Hong Kong equities could be gearing up for another leg higher as the recovery in the world’s second-largest economy picks up steam. Data released on Tuesday Asia morning showed the Chinese economy grew 4.5% on-year in the January-March quarter, well above 4% expected, and 2.9% in the previous quarter. Industrial production rose 3.9% in March...Read More

Global equity markets rose while the US dollar slipped in the past week on growing expectations that the US Federal Reserve is nearing the end of its tightening cycle. The MSCI All Country World Index rose 1.3%, and the US dollar index (DXY index) fell 0.5%. Within equities, the S&P 500 rose 0.8%, while the...Read More

Ethereum is rallying hard and is back at levels last seen in September last year. The 2nd largest crypto by market cap broke sharply higher mid-week after the successful implementation of its latest upgrade. The Ethereum Shanghai upgrade took place this Wednesday without incident. This upgrade allows Ethereum network validators to withdraw their staked ETH...Read More

The Australian Dollar leapt higher again overnight after US PPI sent markets into a tailspin that saw the US Dollar face renewed pressure to the downside. The Aussie and the Kiwi Dollars were the biggest beneficiaries with the commodity complex also soaring To recap, US PPI final demand was below estimates at 2.7% year-on-year to...Read More

continues to hold the high ground after making a 2-month high last week with supply issues dominating headlines. The rally for crude overnight could be attributed to a generally weaker US Dollar with Treasury yield volatility pausing after a few weeks of excessive moves in the aftermath of the collapse of Silicon Valley Bank Financial...Read More

Asia-Pacific Market Briefing – US Economy Showing Early Cracks Ahead of NFP Data The Australian Dollar underperformed against its major counterparts on Thursday. The sentiment-linked currency received a boost following the latest round of US initial jobless claims, which surprised higher at 228k compared to the 200k median estimate. However, that outcome turned out to...Read More

The US Dollar ticked up overnight in a move that goes against the grain of recent price action. Treasury yields dipped again on soft US data and equity markets also lost ground on the news. The data can be viewed here. The trend of late has seen bad news being interpreted as good news for...Read More