Markets Rally as CPI Relief Spurs Risk-On Sentiment; Commodities Hit 2-Year High

Today's expected range for the Canadian Dollar against the major currencies:
US Dollar 1.4260-1.4460
Euro 1.4670-1.4890
Sterling 1.7430-1.7650
WTI Oil (opening level) $79.56
The CAD is opening at 1.4376 ( 0.6956)
KEY POINTS
· Equities: Broad rally, S&P 500 +1.83%, Nasdaq 100 +2.4%, Dow +1.65%. Bank earnings (JPM, WFC, GS) beat expectations
· Volatility: VIX drops 13.8% to 16.12, sharp decline in short-term measures (VIX1D -39%). CPI relief drives risk-on sentiment
· Digital Assets: Bitcoin $99,794 (-0.7%), Ethereum $3,380 (-2.1%), XRP $3.1171 (-0.82%). Altcoins pull back after recent rally
· Currencies: USD fights back after post-US CPI USD plunge. JPY strong across the board.
· Commodities: Sector at two-year high led by strong gains across energy and metals
· Fixed Income: US treasuries send global yields sharply lower after soft core CPI release yesterday.
Today's expected range for the Canadian Dollar against the major currencies:
US Dollar 1.3675-1.3775
Euro 1.4850-1.4950
Sterling 1.6950-1.7050
Today's expected range for the Canadian Dollar against the major currencies:
US Dollar 1.3450-1.3550
Euro 1.4550-1.4650
Sterling 1.6600-1.6700
Today's expected range for the Canadian Dollar against the major currencies:
US Dollar 1.2700-1.2800
Euro 1.3400-1.3500
Sterling 1.5975-1.6075