USDCAD runs up to 200 hour MA
The USDCAD has run through the 38.2% and up to the next key target at the 200 hour MA. As per the earlier post, getting back above those levels are the minimum if the buyers are to take back more control.
Fed's Waller: US economy going 'gangbusters' but now is the time to be patient
Waller is a potential crack in the dam of dovish policy and isn't afraid to speak out but he's certainly sticking to Powell's lead here.
US 30-year bonds sell at 2.395% vs 2.377% WI before sale
That's trouble. This was a $27B sale and that's a lot of bonds to swallow after you just saw a 0.9% m/m rise in core inflation. Equities slipped lower and the US dollar higher (particularly USD/CAD) after this sale.
US bond auction coming up
2.380%/2.375% on the bid/ask in the WI market ahead of the auction. Results shortly.
Bitcoin falls as Binance said to face investigations from US Justice Dept and IRS
Bitcoin is under pressure in a quick drop to $48,800 from $50,200 after a newswire report suggested that crypto exchange Binance is facing investigations from the Justice Department an the IRS.
BOC's Macklem: We're still quite comfortable with our projections
Oil extends slump to 4% in a fall to the weekly low
There is some good news on oil today with Indian virus cases looking like they're cresting but there's no good news in the oil market.
Macklem Q&A: Canada is about 700,000 jobs shy of where it should be
Macklem will hold a media Q&A at the bottom of the hour.
European equity close: Stock markets shake off the blues
It was a mixed picture but it was a much nicer one than a few hours ago. The DAX had been down as much as 2.2% before finishing higher. That's an impressive turnaround.
EURGBP moves back to 50% midpoint of the April/May range
The EURGBP has moved lower in the last hour or so of trading after a move higher earlier in the day. The move lower has returned to the 50% midpoint of the April/May trading range at 0.85952.