Market News

The Bank of Canada (BoC) cut its overnight rate by 25 bps to 4.25% today, marking the second consecutive rate cut in its monetary policy tightening cycle.

Australia maintained its 0.2% quarterly growth in Q2, but the annualized reading and the report’s details showed underlying weaknesses.

The return of U.S. and Canadian traders fresh from their Labor Day holiday brought an influx of volatility in the financial markets. How did the major asset classes fare?

The U.S. ISM manufacturing PMI for August came in at 47.2, up from the earlier month’s 46.8 reading but short of the 47.5  consensus. How did the dollar react?

U.S. and Canadian traders were out enjoying the Labor Day holiday on Monday, but that didn’t stop global markets from making big moves! Check out which headlines pushed major asset classes around.

Traders are in for a busy week with the BOC’s policy decision and global PMI updates adding to the usual U.S. NFP drama.

The highly-anticipated NFP report may be the main event on everyone’s radars this week, but the upcoming ISM manufacturing PMI could generate a strong reaction from USD early on.

Forex price action was all over the place, with traders looking to individual catalysts for direction in the first half of the week.

The major assets were everywhere as they took their cues a bit more from individual asset catalysts over broad risk sentiment narratives. Which headlines made the biggest waves?

The latest U.S. economic data shows inflation remaining stable in July 2024, while consumer spending increased, according to figures released today by the BEA.

Financial markets waited eagerly for the U.S. preliminary GDP release for the most part of the day, and the numbers did not disappoint! Which other headlines pushed asset classes around?

The second version of the U.S. GDP reading was upgraded to show a faster 3.0% expansion in Q2 2024 versus the initially reported 2.8% growth figure.

A lack of data releases kept traders focused on risk sentiment and this week’s anticipated data releases. Check out which headlines made waves!

Both headline and core CPIs dropped to multi-month lows in July, but the Australian dollar shot up across the board. What’s up with that?!

Who’s ready for the first round of revisions on the U.S. Q2 2024 GDP? Better read up on what markets are expecting for the event and how the dollar could react.

With not a lot of data on tap, traders turned to yesterday’s market themes and priced in their biases for reports scheduled later this week.

The U.S. Dollar Index fell to new 2024 lows. See what else happened in the FX market today.

The week on a chill note ahead of this week’s catalysts. Crude oil was an exception though. The Black Crack shot up and barely looked back!

The market spotlight is on inflation updates from major economies this week, with the U.S. core PCE price index potentially being the star of the show.

Market players were mainly zoned in on the FOMC minutes & Powell’s testimony at the Jackson Hole Symposium, but gold & oil were also responding to their own catalysts.