Market News

A relief rally swept across Asian share markets on Monday after the latest U.S. jobs report managed to impress with its strength while also easing fears of inflation and faster rate hikes, a neat feat that whetted risk appetites globally.

Risk sentiment and bond yields had the most impact on the yen’s price action last week. Will we see a repeat this week? Let’s take a look at some Japanese reports on tap.

The Aussie barely reacted to Australia’s top-tier reports last week. Does this mean that risk sentiment will once again rule its charts this week? Here are potential catalysts.

Last week the New Zealand dollar danced to the tune of risk sentiment. Will top-tier reports make any dent this week?

The Canadian economy added 15,400 jobs in February after a big loss in January but full-time positions shrank and wage growth decelerated, prompting analysts to predict the Bank of Canada will be in no rush to raise rates.

U.S. job growth surged in February, recording its biggest increase in more than 1-1/2 years, but a slowdown in wage gains pointed to only a gradual increase in inflation this year.

There wasn’t much going on during the session, very likely because traders were bracing for the NFP report. GBP and EUR are worth noting, though, since the former found later buyers while the latter encountered steady selling pressure.

Japan’s central bank chief on Friday signaled his readiness to ramp up stimulus if the economic recovery lost steam, in an emphatic pushback against creeping speculation it could tighten the money spigot as other economies dial back crisis-mode policies.

China is moving beyond its traditional dependence on rapid credit growth and investment and will rely less on stimulus to boost its economy in future, People’s Bank of China Governor Zhou Xiaochuan said on Friday.

Top-tier economic reports took a backseat to news of an imminent meeting between Kim Jong Un and President Donald Trump.

Asian shares pared sharp early gains on Friday ahead of U.S. payrolls data which could hasten Federal Reserve rate hikes, and as some caution set in about the new entente between North Korean leader Kim Jong Un and U.S. President Donald Trump.

Signs that the Trump administration could be willing to give out more exemptions to higher tariffs eased trade war concerns, allowing USD and CAD to keep recovering. 

U.S. plans for steel and aluminum tariffs amid rising protectionist rhetoric carry potentially serious consequences and will dampen business investment, but it is too early to know how monetary policy should react, the Bank of Canada said on Thursday.

President Donald Trump promised on Thursday to show great flexibility and cooperation towards the United States’ “real friends” as he prepared to impose import tariffs that have provoked warnings of a trade war from Europe and China.

The euro fell and bond yields in southern Europe hit multi-week lows on Thursday, after the ECB dropped a pledge to boost bond buying if needed but suggested subdued inflation would ensure a slow route back to policy normalization.

The euro had a mixed performance ahead of the ECB statement. But when the ECB later revealed that it removed its easing bias on its QE program, the euro immediately spurted higher across the board to claim the top spot.

European shares edged higher on Thursday, as dealmaking gathered pace and fears of a trade war eased, though some disappointing earnings updates weighed.

Hello, forex friends! The final NFP report ahead of this month’s FOMC statement is scheduled for release tomorrow. And if you’re planning to trade this top-tier event and need to get up to speed, then today’s Event Preview is just what you need.

Market players took a chill pill during the Asian session, as they priced in easing concerns of Trump implementing stiff tariffs on its major trading partners.

U.S. President Donald Trump plans to offer Canada and Mexico a 30-day exemption from planned tariffs on steel and aluminum imports, which could be extended based on progress in NAFTA talks, a White House official said on Wednesday night.