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Canada: TD Bank Bans Credit Card Purchases of Crypto Following Global Trend
Canada: TD Bank Bans Credit Card Purchases of Crypto Following Global Trend Following in the footsteps of several major banks globally, the Toronto-Dominion Bank (TD), one of the largest banks in North America, announced in […]
RBC: Two Things Are Behind Today’s Rally
zerohedge.com / by Tyler Durden / Mar 30, 2017 3:02 PM
According to RBC’s cross-asset strategist, Charlie McElligott, two things are behind today’s (painfully volumeless) market rally: i) a return of “policy divergence”, following yesterday’s hawkish announcements by the Fed (“up to 4 hikes”) offset by dovish hints by the ECB, which in turn is powering the dollar higher, and ii) OPEC “deal extension speculation” pushing oil prices higher. The result: the general reflation trade is back on.
Here are the full details from McElligott who writes that “Risk Is Rallying On The Return of “Policy Divergence” and Higher Crude”
“Major key” alert (H/T DJ Khaled) as a return of ‘policy DIVERGENCE’ powers ‘higher Dollar’ and OPEC deal extension talk powers ‘higher crude’—in turn driving risk-assets to best levels of the week.
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