Market News

Global Stocks Rally; USD Pushed Back; Bitcoin Fails to Break High.

The Bank of Canada released its monthly rate statement yesterday, surprising few by holding its interest rate steady at a historically low 0.25%.

The pound took a breather against the greenback during London trade on Wednesday, but analysts say that it continues to be buoyed by the government's thus-far successful vaccination program.

Yesterday, Bitcoin gained ground for the fifth consecutive day, advancing by 4.88% against the US dollar and closing the session at the $54,949.4 level.

Greenback Dips Then Recovers; Global Stocks Mixed but Tech Rebounding; USD Approaching New Multi-Month Highs Against Yen and Euro; WTI Crude Oil Sells Off.

The pound edged up against both the euro and US dollar, boosted by the continuing progress in the UK's vaccination program and news that the BoE governor expressed cautious optimism over the economic recovery.

The US financial markets were mixed yesterday in light of the Senate's decision to back Joe Biden's $1.9 trillion stimulus bill.

10-Year U.S. Treasury Yields Well Above 1.5%; Stocks Mixed; USD Breaks to New Multi-Month Highs Against Yen and Euro; WTI Crude Oil Hits $67.50.

Brent crude oil prices surged above $70 for the first time in a year after Houthi military forces executed an attack on Saudi Aramco production facilities.

Bank of Japan Deputy Governor Masayoshi Amamiya said that the bank must keep the yield curve "stably low" given the country's economic situation due to the impact of COVID-19.

10-Year U.S. Treasury Yields Well Above 1.5%; USD/JPY Breaks to New Multi-Month High Again; Key Chinese and Japanese Stock Indices Lower.

10-Year U.S. Treasury Yields Well Above 1.5%; USD/JPY Breaks to New Multi-Month High Again; Key Chinese and Japanese Stock Indices Lower.

10-Year U.S. Treasury Yields Well Above 1.5%; USD/JPY Breaks to New Multi-Month High Again; Key Chinese and Japanese Stock Indices Lower.

The US Dollar remained close to a 3-month peak during Asian trade on Friday after comments made by the head of the Federal Reserve Bank sent the currency higher.

The last two trading days have seen the major currency pair USD/JPY march higher and higher to new multi-month highs