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BOC members hinted at more interest rate cuts, despite their push for more data dependence. Will November’s labor data support BOC’s relatively dovish lean?

It was a very busy day in the financial markets, as investors digested a fresh batch of services PMI data, central bank commentary, and employment figures.

Financial markets showed mixed reactions to labor market data and central bank commentary while also positioning ahead of key economic events.

The Australian economy grew by 0.3% in the September quarter 2024 and 0.8% year-over-year, showing continued growth but at a slower pace than expected.

It was a rally and reverse kind of Monday for the U.S. dollar, as traders returned from their Thanksgiving holidays eager to price in NFP expectations and Fed policy biases.

The Institute for Supply Management (ISM) showed the manufacturing sector contracted for the eighth consecutive month in November, with the headline PMI rising to 48.4 from October’s 46.5.

The Land Down Under is about to print its economic report card for Q3 2024!Did growth improve slightly as the RBA expected?

Only a handful of top-tier catalysts is on this week’s docket, but these major reports could still spark big moves in the forex market. Take a look!

JPY led majors while CAD struggled amid trade uncertainty & falling oil prices, highlighting how policy shifts and external factors shaped forex markets this week.

The final week of November delivered a mix of significant market developments, despite the shortened U.S. trading week due to a major U.S. holiday.