Market News

Market correlations appeared to be out of sync throughout the week, as asset classes were driven by individual catalysts and a busy forex calendar

Decelerating global inflation trends, Middle East developments, & the lack of enthusiasm over China’s stimulus plans were the main themes on the forex scene this week.

A busy trading calendar meant that the major assets were exposed to asset-specific catalysts and new market themes! Which headlines caught the investors’ attention?

While the ECB’s decision to cut interest rates was widely anticipated, traders didn’t expect ECB members to leave the door wide open to further easing.

Australia’s September jobs figures mostly came in the green, as the economy reported a much faster pace of hiring for the month and saw a downtick in its unemployment rate.

Major currencies and asset classes seem to be taking cues from their own individual catalysts, with U.K. inflation data and the “Trump trade” taking center stage. Here are the updates driving price action lately.

Is the ECB gang gearing up for yet another rate cut? Here’s what markets are expecting from the decision and how EUR pairs may react.

Some risk-off flows were seen in the markets, as crude oil continued to sink and U.S. equity indices ended in the red. Meanwhile, volatility picked up in the forex arena due to top-tier releases. Here’s what you need to know!

New Zealand’s quarterly CPI reading came in slightly weaker than expected at 0.6% in Q2 2024, bringing the annual inflation reading down to 2.2%. What does this imply for RBNZ policy?

Market correlations seemed to be all over the place on Monday, as crude oil had a massive selloff while U.S. equities raked in decent gains. What’s up with that?

We’ve got a fresh batch of U.K. labor market figures comin’ right up! Can the numbers keep the Bank of England (BOE) on its neutral stance or will it tip the scales either dovish or hawkish?

The major economies are dropping their inflation and labor market updates! Meanwhile, the ECB is widely expected to cut its interest rates by 25 basis points.

The major assets saw volatility this week, as the markets priced in geopolitical updates, China stimulus optimism, and shifting central bank expectations.

The FX markets saw many themes at play, eventually driving safe-havens like CHF & JPY to the top of the pack thanks to geopolitical & economic fears, and central bank headlines.

All eyes and ears were on the U.S. CPI release… which didn’t really cause much of a ruckus in the markets. Crude oil, however, caught a massive 3% win for the day. Check out the latest headlines!

The September U.S. CPI report reflected slowing price pressures for the month, but the annual headline and core inflation readings were still hotter than expected.

A lack of fresh catalysts kept the assets in ranges, before central bank talks and positioning ahead of the U.S. CPI reports caused increased volatility in the U.S. session.

A “substantial majority” supported the jumbo rate cut in September, but the minutes revealed that members would’ve also voted for a smaller cut.

Are markets still expecting the Bank of Canada (BOC) to carry on with its easing cycle? The upcoming Canadian employment report for September may have some clues!

The Reserve Bank of New Zealand cut its Official Cash Rate (OCR) by 50 basis points to 4.75%, marking a significant shift in its monetary policy stance.