Page 38 - Christopher Vecchio News Today

A hawkish Bank of Canada this week could be the catalyst needed to spark a turnaround in the CAD-crosses.

Against the backdrop of rising energy prices leading to economic fallout for economies in Asia, Europe, and North America, COP26 is set to begin on October 31.

The end of October brings forth several central bank rate decisions and initial 3Q’21 GDP releases from G10 economies.

Gold prices’ recent gains have come on the back of rising inflation expectations outpacing bond yields.

Against the backdrop of rising energy prices leading to economic fallout for economies in Asia, Europe, and North America, COP26 is set to begin on October 31.

Gold prices haven’t made significant progress in recent weeks, with rising US Treasury yields and stronger US equity markets offsetting a weaker US Dollar.

Measures of volatility are falling for US stocks, crude oil prices, and gold prices – what does this mean for traders?

Expectations for a hawkish Federal Reserve haven’t been higher all year long, but the US Dollar isn’t buying the narrative.

Recent price action in CAD-crosses speaks to near-term exhaustion by the Loonie, which may harken some profit taking before the rally resumes.

The story for 4Q’21 remains similar to that entering the past two quarters.