Data Releases in Line or Below Market Expectations Likely to Trigger the Largest Moves

The Canadian economy kicked off the year on a positive note, growing by 0.6% on a month-on-month (m/m) basis in January. This print comes in above Statistics Canada’s advanced guidance and market expectations for a 0.4% m/m gain. The flash estimate for February points to another healthy advance of 0.4% m/m. January’s reading was broad-based, […]

DXY: The DXY (US Dollar Index) chart currently shows a neutral overall momentum, suggesting a lack of strong directional bias in the US Dollar. As a result, there is potential for price to fluctuate between the 1st support and 1st resistance levels. The 1st support at 101.77 is considered significant as it aligns with an […]

Markets In a session with few important data core bonds remained well bid, Bunds outperforming Treasuries. German yields declined between -11.6 bps (2-y, benchmark change) and -4.5 bps (30-y) in a bull steepening move. Investors apparently stay confident that the ECB will able to continue its easing cycle as of September even as June EMU […]