Pippo

Markets kicked the week off on a cautious note after Trump dropped a bombshell (literally) on Iran over the weekend. Here are the headlines you need to know.

U.S. business activity slowed in June as services cooled and price pressures rose. USD extended losses after the data and slid further on late-session geopolitical tensions.

Geopolitics may dominate the headlines, but Canada’s CPI could move CAD pairs. With the BOC debating its next step, a hot inflation read might squash rate cut hopes and shift CAD sentiment.

Buckle up, traders! The Middle East situation just blew wide open, central banks are playing musical chairs with interest rates, and economic data is painting a picture gloomier than a London winter.

Major central bank meetings and escalating Middle East tensions created forex market volatility, with Canadian dollar suffering worst weekly performance among currencies.

Fed holds rates while Middle East tensions spike oil prices and Switzerland cuts to zero, creating a solid week of volatility across global financial markets.

Central bank decisions and Middle East tensions drove trading on Thursday as the Fed stayed hawkish, SNB cut to zero, and Trump weighed Iran strikes amid diplomatic possibilities.

BOE kept its rates steady as expected. The MPC members’ dovish split was balanced by Bailey’s calm tone, leaving the pound mostly steady.

The major assets traded cautiously on Wednesday as investors juggled hawkish Fed signals with growing Middle East tensions.

The FOMC maintained its benchmark interest rate at 4.25-4.50% for the fourth consecutive meeting while revising economic projections lower for growth and higher for inflation.