Month: April 2021

Daily thread to exchange ideas and to share your thoughts Major currencies are little changed on the day after seeing more of a risk positive session yesterday, with commodity currencies leading gains. The loonie was a standout after the more hawkish tilt from the BOC policy meeting, seeing USD/CAD slide all the way from 1.2630 to 1.2460
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Canadian Dollar surges broadly overnight after BoC’s hawkish tapering. Yet, it’s currently still one of the weakest for the week together with Dollar. The post-meeting buying was not enough to turn the Loonie into black against others yet. As for today, markets are rather quiet so far. US stocks staged a strong rebound overnight, which
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In this article ERBCX Speculation over the direction inflation will take continues to dog markets, but there is a growing body of strategists that believe investors are underestimating the outlook for consumer prices. David Roche, president of investment firm Independent Strategy, is among them. He told CNBC Wednesday that he believed the U.S. inflation rate,
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DXY alternates gains with loses just above 91.00. US 10-year yields edge lower to the 1.53% region. Weekly Claims, housing data, CB Leading Index next on tap. The US Dollar Index (DXY), which tracks the greenback vs. a basket of its main rivals, exchanges gains with losses just above the 91.00 yardstick ahead of the
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The financial markets are trading in mixed mode today. European stock indices are mixed while US futures point to slightly lower open. Sentiments are slightly on the risk-off side on coronavirus concerns, but selloff is so far relatively shallow. There is also no clear momentum for Yen and Dollar to extend the rebound yet. Canadian
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Leading decentralized exchange Uniswap has taken a step closer to launching its highly anticipated “V3” iteration, announcing the successful deployment of V3’s smart contracts to all Ethereum test networks. In an April 21 announcement, Uniswap Labs confirmed that the protocol’s V3 core and periphery smart contracts have been deployed to all major Ethereum testnets —
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