Financial Markets See Volatility Across Currencies, Stocks, and Gold

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar        1.4100-1.4310

Euro                 1.4710-1.4940

Sterling            1.7760-1.7990

WTI Oil (opening level) $72.45

The CAD is opening at 1.4213 ( 0.7035 )

 Headlines 

·    The US dollar was mixed after a slight firming yesterday, with USDJPY pushing back lower overnight after consolidating some of the recent sell-off. Important range support there just below 151.00. EURUSD pushed back lower, posting a low of 1.0435 before bouncing back near 1.0450.

·    Sterling has rallied versus the euro after strong earnings and employment data yesterday, with EURGBP challenging below 0.8300, even seeing a sudden slip to 0.8266 overnight before rebounding.

·    The kiwi (NZD) pulled back higher after the RBNZ cut 50 basis points but signalled a slower pace of rate cuts to come. AUDNZD briefly sprinted higher in the wake of the decision to 1.1170+ but pushed back lower toward 1.1120 later in the session. 

Key Points

·    Equities: S&P 500 sets new record; Intel surges; Bumble & Arista drop after hours

·    Volatility: VIX near 15; volatility tempered

·    Digital Assets: BTC dips; Solana’s LIBRA fallout; HK expands crypto offerings

·    Currencies: JPY strengthens again overnight. NZD firmer after RBNZ guides for smaller cuts from here.

·    Commodities: Surging gas prices, gold near record and rising crop prices

·    Fixed Income: US 10-year benchmark topped out at 4.56% before retreating