Market News

Let’s finish our recap of the year for the U.S. dollar by breaking down the downtrend we saw in the Greenback between October to December 2024.

Let’s finish our recap of the year for gold by breaking down the solid uptrend then consolidation in the precious metal between June and December.  

Let’s continue our recap of the year for the U.S. dollar by breaking down the downtrend we saw in the Greenback between April and September. 

Let’s kick off a quick recap of the year for gold. Because it is the king reserve asset for many, gold is always one to watch for fresh short & long-term opportunities.

Let’s kick off a quick recap of the year for the USD. Because it is the global reserve currency, understanding it can help improve your odds of anticipating broad market behavior.

Forex traders were on their toes throughout the week, as another batch of major central bank announcements and  a busy economic calendar rocked the markets.

It was a busy week as traders had a ton of major catalysts to work with in the final full trading week of 2024, including the highly impactful FOMC statement!

The Fed’s less dovish tone set the stage, but the BOJ’s dovish hold and the BOE’s surprise vote stole the spotlight and fueled volatility on Thursday.

The BOE kept its main interest rate steady in December, but surprised markets with a dovish 6-3 vote split that sent the pound tumbling.

Investor jitters were in play ahead of the highly-anticipated FOMC decision, which then delivered what many interpreted to be a more hawkish than expected announcement, sparking huge moves across the financial markets.

As expected, the Fed lowered its interest rates by 25bps and signaled more easing ahead. So why did the U.S. dollar jump during the event?

Global markets turned cautious before the Fed’s decision as strong U.S. retail sales cooled rate cut hopes, while China’s record capital outflows and BOJ hike speculation dominated currency price action on Tuesday.

The U.K. economy will be printing its CPI release a day ahead of the BOE decision this week, so the inflation report could strongly influence policy expectations.

Despite a busy economic schedule for the day, markets were off to a sluggish start and correlations were mostly out of sync while asset classes responded to individual catalysts.

The upbeat services data boosted the U.S. dollar early, but profit-taking and Fed rate cut talks erased the dollar’s gains by session’s end.

Get ready for another busy trading week ahead, as we’ve got three major central bank decisions, global PMI releases, and the Fed’s preferred inflation measure on deck.

Markets showed heightened sensitivity to inflation data on Thursday, with the hotter-than-expected U.S. PPI report further dampening expectations for aggressive Fed easing in 2025.

The European Central Bank (ECB) lowered its key interest rates by 0.25% as expected, bringing the deposit facility rate to 3.00%, while signaling a potentially more measured approach to future cuts.

The Swiss National Bank (SNB) delivered a larger-than-expected interest rate cut at its December policy meeting, lowering its policy rate by 50 basis points to 0.50%.

Australia’s labor market showed considerable strength in November, with employment growing more than forecasted and the unemployment rate falling to 3.9%.