Analysis

After a BUSY week, the calendar will be taking a chill pill this week. Watch out for global services PMIs and New Zealand and Canada’s labor market data!

This week our strategists decided to focus on the Australian CPI update & the latest BOE monetary policy statement, resulting in arguably solid outcomes.

The yen was king of pips, Kiwi was a surprise winner, and the dollar and euro saw mixed price action. We’re summing up the major FX moves for ya!

The usual major asset correlations were no where to be seen early in the week with major catalysts everywhere, but traders uniformly went risk-off into the weekend as recession fears grew.

Will the upcoming U.S. jobs report make or break September easing hopes? Here’s what market analysts are expecting for this top-tier news event.

If Sterling reacts positively to BOE’s policy decision, major GBP pairs like GBP/NZD are in the position to extend a broader trend.

It looks like BOE policymakers might still be on the fence when it comes to cutting interest rates, so their decision could make or break GBP/CHF’s trend.

Will the Bank of England (BOE) finally cut interest rates or will policymakers keep sitting on their hands for now?

Even though the U.S. central bank is widely expected to keep borrowing costs on hold this week, USD volatility could still pick up as traders hunt for rate cut clues in the next meetings.

Thanks to higher inflation and a weak yen, BOJ members are under pressure to tighten policies. What are market players expecting this week?

This Aussie pair has been cruising lower in the past week and could be poised to carry on with its slide during Australia’s quarterly CPI release.

AUD/NZD is chillin’ near July’s highs ahead of Australia’s CPI report. Will we see an upside breakout and trend continuation this week?

Not only will the Land Down Under be printing its latest CPI reading for June, but we’ll also have a summary of how inflation fared for the second quarter of the year.

It’s gonna be a wild ride in the markets this week since we’ve got three central bank decisions, CPI releases from three major economies, and China’s PMI readings… all ahead of the big NFP report!

Our strategists focused on the Euro area PMIs & the BOC interest rate statement this week, this time prompting our strategists to focus on the EUR & CAD. How did it all play out?

The Japanese yen found itself at the top of the daily leaderboard thanks to calls for BOJ tightening and a big return in broad negative risk sentiment. 

Market correlations fell in & out of sync & broad risk vibes were soured as traders juggled several major market narratives, including fears of a slowdown in China.

The Fed’s preferred inflation measure is up for release! What are the markets expecting and how can it affect the U.S. dollar’s price action?

It looks like CAD/CHF traders are waiting for strong directional clues, as the pair is stalling a solid support area. Which way could it go during the BOC statement?

EUR/CAD bulls have taken a chill pill after a strong start earlier this month. Will today’s BOC decision help extend the pair’s uptrend?