Market News

Risk was ON like Donkey Kong yesterday, thanks to the latest U.S. inflation data all but greenlighting a potential Fed rate cut next week.

The Bank of Canada (BOC) reduced its target for the overnight rate by 50 basis points to 3.25% in their December statement, marking its fifth consecutive rate cut since June.

Is the Swiss National Bank gearing up to announce its fourth interest rate cut in a row? Or will SNB policymakers take it easy and keep rates on hold for the time being?

With not a lot of fresh catalysts, the major assets either extended their moves or pulled back ahead of this week’s awaited calendar events.

The RBA maintained its cash rate at 4.35% while adopting a notably more dovish stance, removing previously hawkish guidance & signaling growing confidence in inflation’s return to target.

Markets started the week with dramatic moves as China promised looser policies and Syria’s Assad regime collapsed over the weekend, shaking up commodities and equity markets.

Is the Reserve Bank of Australia (RBA) gearing up for another hawkish policy statement? Or are we about to see a dovish shift this time?

We’ve got FOUR major central bank decisions lined up, along with key inflation reports from the U.S. that could influence the Fed’s rate decision next week!

This week featured busy mix of NFP positioning, central bank biases, trade concerns, and political uncertainty all pushing major currencies around.

Investors had plenty to work with throughout the week, as financial markets reacted to geopolitical developments and priced in expectations for the highly-anticipated OPEC+ decision and the U.S. NFP report.

Bitcoin hit a key milestone even as other major assets saw pullbacks or ranges. Meanwhile, USD extended its losses ahead of Friday’s U.S. jobs reports.

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.

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!

The major assets took a chill pill on Thursday as traders priced in a lack of top-tier data releases and the U.S. markets out on Thanksgiving holiday.

A parade of closely-watched economic data and positioning ahead of a U.S. bank holiday and end of the month sent the major assets all over the charts.

The Fed’s November minutes reinforced the Fed’s cautious approach. The dollar reacted steadily, though late-session dips reflected potential profit-taking.