The big story – and dominant market driver – is becoming the rapid selloff across sovereign bond markets, as bond yields in major economies, including the US and Japan, soared last week after a set of inflation numbers showed that price pressures accelerated faster than analysts expected due to Middle East-led energy price pressures. Yes, […]
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Global financial markets remain trapped in a tense but directionless pattern as investors struggle to price a US-Iran conflict that is neither escalating into full confrontation nor moving convincingly toward resolution. Brent crude continues hovering Read more…
USD/CAD’s rise from 1.3549 resumed after brief retreat ad intraday bias is back on the upside. The rally is seen as seen as the third leg of the corrective pattern from 1.3480, and should target Read more…
Canada retail sales rose a stronger-than-expected 0.9% mom in March to CAD 72.7B, beating expectations of a 0.5% increase. The headline gain was driven largely by gasoline stations and fuel vendors, where sales surged 12.4% Read more…