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USD/CAD treads water around 1 2400 as WTI bulls battle USD optimists

6/30/2021 11:11:24 PM GMT | By Anil Panchal USD/CAD hangs in balance after easing from one week top. WTI consolidates early week pullback from October 2018 top. DXY posted the biggest monthly gains since November 2016. US data, covid headlines and Fedspeak are crucial for fresh impulse. USD/CAD remains sidelined around 1.2400 after snapping a two-day uptrend the previous day. Even so, the quote stays around the weekly top as US dollar strength jostles with oil’s upside. US dollar index (DXY), a gauge of the US dollar versus the six major currencies, jumped to the highest since April 08 during the three-day uptrend on Wednesday, not to forget mentioning the biggest monthly gains in 4.5 years. While chatters over the Federal Reserve’s (Fed) monetary policy adjustments could be cited as offering the background music to the quote, the latest positive data helps the USD buyers of late.

S&P 500 Futures prints six-day uptrend to all-time high near 4,300

7/1/2021 2:28:55 AM GMT | By Anil Panchal S&P 500 Futures remain mildly bid near theee   record top. Upbeat US data contrasts figures from China, Japan but hawkish Fedspeak keeps buyers hopeful. US Treasury yields recover from weekly low amid covid-led fears. US ISM Manufacturing PMI can entertain traders ahead of Friday’s NFP. S&P 500 Futures remain on the front foot, up 0.20% around 4,297, during early Thursday. The risk barometer justifies the market’s optimism of the West economies’ recovery from the pandemic even as the Asia-Pacific region struggles with the coronavirus (COVID-19) variant. Not only the upbeat figures of US ADP Employment Chang and Chicago Purchasing Managers’ Index but comments from the Fed policymakers also highlight the US economic strength. Recently, Dallas Fed President Robert Kaplan reaffirmed his hawkish stance and said, I’d want to taper sooner than the end of the year.

U S , Europe Futures Rise; Virus Saps Mood in Asia: Markets Wrap

U S , Europe Futures Rise; Virus Saps Mood in Asia: Markets Wrap
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