Forex Marketz Daily Forex News – Fully Markets Update
US session wrapped up – Scotiabank
FXStreet (Guatemala) – Analysts at Scotiabank explained that after yesterday’s Bank of Canada interest rate cut and Fed Chair Yellen’s first speech to Congress, today was relatively quiet in the US session overnight.
Key Quotes:
“Solid earnings reports helped the S&P500 gain 0.8%, led by utilities and tech stocks, with only material stocks down on the day. Canadian stocks gained a similar 0.5%, also led by utilities.”
“Treasuries rallied slightly after a disappointing Philly Fed manufacturing sentiment survey result and some mildly dovish commentary from Fed Chair Yellen, though by far yesterday’s portion of the Humphrey Hawkins testimony contained more relevant and market-moving commentary.
“An early morning bond selloff, however, leaves the 10yr about flat intraday. USD/CAD edged higher to 1.297 as WTI oil prices fell another –1.0%.”
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Source: FXStreet
