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Looking for deeper insight on markets? In tonight’s Closer sent to Bespoke Institutional clients, we provide some insights as to where equities are likely to go as today marked the fourth straight day of gains. Next, we review the USD dropping below 200-DMA for the first time since May while credit markets continue their historic rally. Then we move on to cover today’s decision by the BoC to leave rates unchanged while taking a more hawkish tone; we go over what this has means for USDCAD. Staying on the topic of central banks, we recap the FOMC meeting minutes from December with an updated look at our Fedspeak monitor. We round out tonight’s closer with the first EIA release of 2019.
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