Johnston
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USD/CAD remains subdued around 1.3650 due to higher crude prices, disappointing US PMI
USD/CAD faces challenges due to improved risk sentiment, driven by easing geopolitical tensions in the Middle East. The US Dollar lost ground after the release of downbeat US PMI data released on Tuesday. The Canadian Dollar receives support from the uptick in crude Oil prices. USD/CAD continues its
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Stocks start the week with a bang, 40% of the S&P 500 to report – Will tech deliver?
Stocks started the week with a BANG! 40% of the S&P to report this week. All Eyes on TECH – Can they deliver? Oil & Gold Retreat as Tensions Ease. Try the Sweet and Sour Chicken. Stocks had been under pressure for 6 days, tech names and smids taking it on the chin as investors finally accept
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DAX Climbs As Business Activity Returns To Growth
German stocks climbed on Tuesday after a preliminary survey showed private sector activity in the country unexpectedly returned to growth in April as the services sector outperformed. The HCOB German Flash Composite Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 50.5 from 47.7
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AUD/USD trading higher despite USD strength as commodities hold value
AUD/USD trades marginally higher versus the USD on easing Middle East tensions. Higher commodity prices, especially amongst metals of which Australia exports are also supportive. Aussie CPI data for Q1 and US PCE inflation data are likely to be the main movers in the week ahead. AUD/USD is trading h
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US Dollar eases further as risk appetite returns to markets
The US Dollar eases on Monday as markets embrace a very quiet weekend on the geopolitical front. Tensions in the Middle East ease substantially, triggering a rally in equities. The US Dollar Index holds onto recent gains around 106.00, but downside pressure is mounting. The US Dollar trades broadly
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BoJ’s Ueda: Chance weak Yen might affect trend inflation and could lead to policy shift
Bank of Japan (BoJ) Governor Kazuo Ueda spoke in a press conference after attending the Group of 20 (G20) finance leaders' meeting in Washington on Thursday. Ueda said that the central bank may raise interest rates again if the Yen's declines considerably increase inflation, highlighting the impact
Pull-up Update