The US treasury will auction off $39 billion of 10 year notes at the top of the hour. The current 10 year yield is at 4.534%. At the last auction the yield was set at 4.468%. Since the war started on February 28, the low yield was at 3.926% on March 2, the high was […]
In a widely expected move, the Bank of Canada announced on Wednesday that it has once again decided to leave interest rates unchanged. The Canadian central bank said it decided to hold its target for the overnight rate at 2.25 percent, with the Bank Rate at 2.5 percent and the deposit rate at 2.20 percent.
What the bears are pointing to The risk factors cited across the four banks share a common thread: the market has moved a long way, fast, and positioning has become stretched. Goldman Sachs data shows momentum trade crowding has reached historical peaks, while short covering has been minimal. That combination tends to make markets fragile.
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2026.06.10 2026.06.10 BoC Pause Prospects Limits Loonie’s Upside. Forecast as of 10.06.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The wide interest rate differential between the Federal Reserve and the Bank of Canada, combined with oil’s muted response to the escalating geopolitical tensions in the Middle East, has boosted the USD/CAD pair. Let’s examine these drivers in detail and develop
Kelvin Wong Senior Market Analyst Based in Singapore, Kelvin Wong is a well-established senior global macro strategist with over 15 years of experience trading and providing market research on foreign exchange, stock markets, and commodities. Passionate about connecting the dots in the financial markets and sharing perspectives around trading and investment, Kelvin Wong is an
AUD/USD is sitting on the edge of a cliff, and US inflation data may determine whether it falls. Global markets have struggled to regain their footing after last week’s selloff. Attempts to revive the AI trade have faded quickly, while concerns over persistent inflation and renewed US-Iran tensions continue to weigh on sentiment. The combination
Tehran needs to re-assess talks with the US following overnight clashes With its continued ceasefire violations, the US harms the diplomatic process Iran is signalling a tougher stance toward diplomacy with the US after the latest round of US-Iran military exchanges, with Foreign Ministry spokesperson Baghaei saying Tehran must “re-assess” its negotiations with the United
Norway’s consumer price inflation eased to a three-month low in May, while core inflation accelerated to its highest level since January, data from Statistics Norway showed Wednesday. Consumer prices grew 3.1 percent on a yearly basis in May, following April’s 3.4 percent increase. This was the lowest since February, when inflation was 2.7 percent. Moreover,
BoJ policy uncertainty and the carry trade risk: echoes of August 2024 The macro backdrop is further complicated by the Bank of Japan’s (BoJ) evolving policy trajectory. At the April meeting, three of the nine board members voted to raise rates — the most divided outcome since 2016. Governor Ueda has since sharpened his tone,
Key takeaways Technology stocks remain under pressure as the AI trade undergoes a valuation reset. Semiconductor shares led another volatile session, with investors rotating capital away from existing tech winners amid concerns over stretched valuations and a growing pipeline of mega-sized IPOs, including SpaceX and OpenAI. Geopolitical uncertainty continues to drive market sentiment. Renewed US-Iran
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Gold’s selloff accelerated again as fresh headlines from the Middle East suggest the US and Iran are moving further away from a peace deal rather than closer to one. With the Strait of Hormuz still constrained and energy markets facing prolonged disruption, investors continue to focus on the inflation fallout. Persistent fears of higher-for-longer interest
Iranian drone strikes on the US Fifth Fleet in Bahrain represent a fundamental escalation, taking the conflict out of Iranian territory and into the heart of the Gulf’s US military infrastructure. Bahrain’s air defenses are reported to have repelled the attack, but the mere fact that Iran has struck a US base in a third
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Producer prices in Japan were up 0.9 percent on month in May, the Bank of Japan said on Wednesday. That exceeded expectations for an increase of 0.5 percent following the upwardly revised 2.8 percent jump in April (originally 2.3 percent). On a yearly basis, producer prices jumped 6.3 percent – again topping forecasts for 5.6
2026.06.09 2026.06.10 Weekly Economic Calendar for 15.06.2026–21.06.2026 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Next week, five of the world’s largest central banks will announce their interest rate decisions. The key event will be the Federal Reserve meeting on Tuesday and Wednesday. While the Fed is widely expected to leave rates unchanged, investors will closely watch the accompanying statement and
