Yesterday was a fairly mixed day on the markets as US indices remain ranging and lacked volatility as investors wait in anticipation of CPI that is set to be released tomorrow afternoon. European indices had more volatility as the Dax retraced and gave away some weekly gains while the FTSE closed the day out higher, today might lack volatility as Monetary Policy Statements are due out of Europe tomorrow afternoon.
Gold and Silver held firm above as movement remained limited for precious metals as inflation data looms. Brent was the biggest mover from the commodity point of view as it recovered after slipping to $70.60 to close the day out on $72.
Bitcoin slipped lower as it made a daily low just shy of $31 000, Ethereum held a bit more firm as it made a daily low of $2300 before recovering to close the day out on $2505.
Most of today’s focus should be on the CAD as there are impending Rate Statements due during the US session.
4:00pm - BOC Rate Statement (CAD)
- Overnight Rate
4:30pm - Crude Oil Inventories (USD)
7:01pm - 10-y Bond Auction (USD)