Wall Street’s main indexes opened higher on Thursday, with Cisco leading a more than 200 point jump in the Dow Jones Industrial Average, as concerns of rising inflation eased.The Dow rose 206.95 points, or 0.83 percent, to 25,100.44. The S&P 500 gained 18.26 points,...
Deutsche Bank Research discusses USD/JPY amid its recent decline and notes that1- While Japanese pension funds, life insurers and other institutional investors have thus far bought on dips from around 110 and below, their buying has been far from aggressive this time.2- Overseas speculators...
US equity indices closed the overnight  higher after reversing opening losses. Wall Street added a fourth day to the winning streak, even as bond yields rose following stronger than forecast inflation data, but weaker retail sales. The Dow closed 250 points higher, after dipping...
The U.S. inflation figures for January have been anxiously awaited by investors after wage growth sparked a sharp selloff in equity and treasury markets last week over fears of an overheating economy.Wednesday’s data confirmed that inflation in the world’s largest economy is on the...
Here are the latest developments in global markets:FOREX: The dollar index fell 0.4% on Thursday, extending the significant losses it posted on Wednesday in the aftermath of the US CPI and retail sales data.STOCKS: US markets finished the day notably higher yesterday, erasing earlier losses, despite the stronger-than-anticipated US...
Was it the mixed data, skewed positioning or merely a lack of confidence that has the USD dollar precariously perched at the edge of the cliff.Everyone one to a tee went all in on a dollar buying frenzy after the CPI number, but the...
US treasuries continued to move lower yesterday after US CPI for January came in unchanged at 2.1% missing expectations of a fall to 1.9%. The unexpectedly firmer than expected reading saw US yields climb across the curve, as 2, 5, 7 and 10 year yields all rose...
The U.S. dollar fell on Wednesday despite a report of stronger-than-expected inflation data and an increase in interest-rate expectations, raising the possibility that the currency is in a period of secular downturn.“We are in an environment where the dollar is weakening regardless of the...
US equity indices manged to post a third straight day of gains overnight, a first for 2018. The Dow closed 0.1% higher, the S&P gained 0.2% and the Nasdaq pushed 0.4% higher. Wall Street was seen clinging to a winning streak as volatility eased,...

US 500 and USDCAD Analysis

The US stock index is in a holding pattern as we await US Inflation and Retail Sales data at 13:30 GMT today. The market has managed to grind higher and break above its Blue downtrend resistance line and price is positioned below 2670.00. Major...