Important discourses from the North American central banks are expected to lift market volatility today, where the Canadian dollar is anticipated to gain opposite the US currency. The Bank of Canada is scheduled to release the nation’s Interest Rate Statement today, while US Federal Reserve Chairman Ben Bernanke is due to testify before the Senate Banking Committee in Washington DC.



Taking hints from equity price movements…

Equity futures in the US (suggesting a second consecutive day of gains) after Apple (AAPL) released corporate earnings and beat market expectations once again.  The positive performance was matched by other major names as well (Boeing was another example) ahead of the monetary policy meeting from the Federal Reserve.  Apple, however, was clearly the main story, as the stock rose more than 10 percent as Chinese demand for the iPhone helped bring an increase in quarterly profits of 94…

When the Fed released the minutes from the March 13th FOMC meeting, suggesting no further stimulus actions would be taken, Asian markets reacted by dropping by the largest amount in the past 7 years. A look at how the NIKKEI and the USD/JPY were affected specifically, and how to predict what comes next.

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Overnight we have seen the Reserve Bank of Australia keep interest rates unchanged at 4.7% comments from the decision where the global economy continues to expand and that the current policy is appropriate. This saw some support for the US dollar early on Aud/$ off 80 points early on.

The UK saw the release of the…