Spoiler

S&P 500 OUTLOOK:The S&P 500 breaks out on the topside, reaching its best level since April 2022 following softer-than-expected U.S. inflation dataMay U.S. headline CPI clocks in at 4.0% y-o-y versus a market estimate of 4.1%…

USD/CAD TECHNICAL OUTLOOK:The Canadian dollar has strengthened significantly against the U.S. dollar since late MayBank of Canada’s hawkish stance may reinforce recent FX dynamicsUSD/CAD may head lower if the Fed sticks to the script and…