Market News

With markets pricing in strong odds of a September Fed rate cut, will the upcoming U.S. CPI still make a dent on the dollar’s trends?

Price action was mixed, as some stood on the sidelines while others priced in increased Middle East tensions. Which assets saw increased volatility?

Brace yourselves, fellow traders! We’re in for another wild ride since this trading week is filled to the brim with major news catalysts.

After a Monday meltdown, risk-on currencies like the AUD & CAD were able to take the top spot thanks to positive U.S. surprises and net positive individual themes.

Risk sentiment was arguably the main driving force this week, although there were still instances when some major asset & currencies veered away from the pack.

The markets took a step back from pricing in their recession fears, leading to upticks for a lot of the major assets on Thursday.

Risk-off vibes returned to the financial markets midweek, yet crude oil still managed to rake in decent gains. What’s up with that and how did the rest of the asset classes perform?

New Zealand reported a 0.4% quarter-on-quarter increase in employment for Q2 2024, contrary to expectations of a 0.2% decline. Here’s how NZD pairs reacted.

A bit of calm returned to the financial markets in the past trading sessions, but we still saw pretty big moves among a few major currencies and asset classes. Here’s what went down.

U.S. dollar stabilizes against Japanese yen as global market turmoil subsides. See what happened in the FX market today.

RBA pushed back against rate cut calls, saying that inflation remains persistently high and that interest rates may need to stay higher for longer.

Traders seem to have woken up on the wrong side of the bed this Monday, as major asset classes found themselves in the red. What’s going on?

We’ve got the Reserve Bank of Australia’s (RBA) monetary policy statement lined up this week, and expectations are for the central bank to stay hawkish.

After a BUSY week, the calendar will be taking a chill pill this week. Watch out for global services PMIs and New Zealand and Canada’s labor market data!

The yen was king of pips, Kiwi was a surprise winner, and the dollar and euro saw mixed price action. We’re summing up the major FX moves for ya!

The usual major asset correlations were no where to be seen early in the week with major catalysts everywhere, but traders uniformly went risk-off into the weekend as recession fears grew.

Just when it seemed that August was off to a lazy start, financial market volatility kicked into high gear right around the New York session. What happened then?

It was a pretty close one for the Bank of England, as policymakers voted 5-4 in favor of cutting interest rates by 0.25% this August. Here’s how GBP pairs reacted.

Will the upcoming U.S. jobs report make or break September easing hopes? Here’s what market analysts are expecting for this top-tier news event.

The last trading day of the month was a busy one for traders as they priced in updates from all over the world. How did the major assets behave yesterday?