Markets have had plenty to chew on from a US data perspective over the last 24 hours, including housing data and durable goods orders.

Risk starts the week off on a positive note as reports circulate about President Biden considering a trip to Israel in an attempt to de-escalate the current conflict with Hamas.

The US Dollar is rallying this morning as markets react to the influx of US data alongside the ECB's hint that there will not be further rate hikes in the Eurozone.

Risk sentiment starts the day on an ever-so-slightly positive tone after yesterday’s late-day turnaround where equities and treasuries sold off while the USD strengthened across most pairs.

The Weekly US Jobless Claims figure was released this morning showing +207k new filings, in line with expectations but still a very low number pointing to continued labor strength in the economy.

The US Non-Farm Payrolls (NFP) report for September came in very strong this morning.

The USD continues to weaken this morning, even as the US Producer Price Indices come in hotter than expected for the month of September.

The US Consumer Price Index (CPI) data released this morning shows signs that inflation remains stubbornly above the Fed’s target rate and affirms the FOMC’s theme of 'higher for longer' with regard to interest rate policy.

Risk-aversion dominates this morning as a combination of mixed tech earnings, strong US housing numbers, a more concerned Bank of Canada, and US Treasury issuance volumes put market participants on the back-foot.

Risk-aversion dominates this morning as a combination of mixed tech earnings, strong US housing numbers, a more concerned Bank of Canada, and US Treasury issuance volumes put market participants on the back-foot.