Daily Market Commentary

Latest News

Wednesday September 15th, 2021

The US$ dips, oil continue to rise, equity markets are weaker while US yields are unchanged. Markets start the trading session on a cautious note after Chinese retails sales grew at just 2.5% in August vs expectations of 7% as the country deals with its worst outbreak of covid since early 2020. Curr...
Read More

Tuesday September 14th, 2021

The US$ is steady, oil extends gains, equity markets are mixed while US yields remain firm ahead of today’s US inflation data. Markets are focused on today’s CPI results for August, with the results providing markets and indication of the Fed’s possible timing on tapering. The CPI is e...
Read More

Monday September 13th, 2021

The US$ and oil prices strengthen, equity markets firm and US yields are mixed as Fed tapering expectations grow.  The US$ retests 2-week highs as market expectations grow that the Fed could taper its fiscal stimulus sooner despite a surge in US covid cases. The US has a flurry of economic data re...
Read More

Friday September 10th, 2021

The US$ is flat, oil prices strengthen, equity markets rally and US yields firm as risk on sentiment improves. President Biden called Chinese Premier Xi today in a bid to reset strained relations and avoid future confrontation. Investors responded positively to Biden/Xi call helping equity and curre...
Read More

Thursday September 9th, 2021

The US$ dips, oil prices steady, equity markets are mixed while US yields dip ahead the US Jobs data and the ECB meeting. Investors will be focused on US Initial Jobless Claims after Wednesday’s Jolts Job Openings which showed job openings hitting a record high in July and revealed that people wer...
Read More

Wednesday September 8th, 2021

The US$ extends gains, oil prices rise, equity markets weaken, while US yields dip ahead of jobs data, Fed Williams, and the Fed’s Beige Book. The US$ is strengthening to a 1-week high amid a growing cautious mood and despite a dip in US yields. Markets will be focused on Fed Williams comments aft...
Read More

Tuesday September 7th, 2021

The US$ strengthens, oil prices slip, equity markets are mixed, while US yields rise as investors shift expectations of Fed tapering to November. The chances of Fed easing in September faded after Friday’s weak NFP which added the fewest jobs in 7-months. Investors are now convinced that the Fed w...
Read More

Friday September 3rd, 2021

The US$ steady, oil prices stable, equity markets mixed, US yields edge higher ahead of today’s key Nonfarm Payroll numbers. The US$ holds near its one-month low ahead of the critical NFP which is expected at 750k, down from 943k in July and is seen a critical signal for the Federal Reserve’s ta...
Read More

Evening update – September 2nd, 2021

The US$ is soft, oil prices firmer, equity markets are hedging higher, while US yields dip. US dollar index hovering at multi weeks after this morning US weekly initial jobless claim. All eyes now rest on tomorrow’s key unemployment figures. USD index 92.23 Down 0.24% Canadian dollar rallies as th...
Read More

Thursday September 2nd, 2021

The US$ is soft, oil prices supported, equity markets are mixed while US yields dip ahead of Initial Jobless claims and US Factory orders.  The US Initial Jobless Claims will be watched closely after Wednesdays disappointing US ADP payroll numbers which came in 30% below expectations. Initial Jobl...
Read More