Market News

The Fed may finally cut interest rates for the first time in years this week. But that’s not the only thing shaking up the markets!

The major currencies saw increased volatility & unusual price action as traders repriced their interest rate biases, and reacted to data releases and risk sentiment shifts.

Shifting risk sentiment & changing expectations around Fed rate cuts prompted interesting price action, including wide swings in oil prices during this busy week.

It was a risk-on day for financial markets, as crude oil closed out with nearly a 3% win while gold hit fresh record highs. Check out the latest headlines!

European Central Bank (ECB) policymakers announced their unanimous decision to lower their main deposit rate by 0.25% as expected, following its previous cut in June.

The major assets were all over the place as traders priced in their Fed rate cut biases, U.S. political updates, and top-tier U.K. and U.S. reports.

A hotter-than-expected core inflation reading sent the U.S. dollar higher, but risk appetite soon took over and limited the Greenback’s gains.

The latest U.K. economic activity update reveals a stagnant picture for July 2024, with flat GDP growth and mixed performance across sectors

With not a lot of fresh catalysts to consider, the markets are positioning themselves ahead of anticipated data releases on Wednesday and Thursday.

The latest U.K. employment situation update revealed a mixed picture, with signs of cooling in the labour market but continued wage pressures.

Pullbacks from last week’s moves and positioning ahead of this week’s catalysts got traders pushing the major assets all over the charts.

Expectations are already running high for a September Fed rate cut, but can the upcoming CPI release determine how large the reduction could be? Here’s what market analysts are projecting.

Brace yourselves for another exciting trading week, forex fellas! We’ve got no less than top-tier U.S. inflation reports and a central bank decision, plus U.K. jobs figures to boot.

The forex spotlight was mainly on U.S. jobs-related data throughout the shortened trading week, as traders braced for the August NFP release later on. Any other catalysts that pushed major currencies around?

This week proved to be rough for risk assets as market players had to price in top tier less optimistic news & data, most notably jobs updates from the U.S.

August U.S. jobs data showed signs of cooling but remained net positive, potentially paving the way for a measured Fed rate cut in September.

When the markets are hotly debating the Fed’s next policy moves, U.S. labor market updates are guaranteed to make market players jittery.

Global assets were once again all over the place on Thursday as individual catalysts pushed them around. How did your favorite assets trade anyway?

We’ve got another NFP report comin’ up before the FOMC announces its September rate decision. Can this still influence their policy bias?

Market correlations moved out of sync on Wednesday, as major asset classes seemed to respond to their individual catalysts. Which headlines pushed prices around in the latest sessions?