Market News

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?

Based on the Fed’s July statement and presser, we’ll likely see an interest rate cut by September. How did the dollar react to the news?

The Bank of Japan (BOJ) took markets by surprise when they announced their decision to hike rates by 0.15% from <0.10% to <0.25% while policymakers agreed to taper bond purchases.

Will the Bank of England (BOE) finally cut interest rates or will policymakers keep sitting on their hands for now?

Decelerations in Australia’s closely-watched core CPI may have been enough to kill RBA rate hike bets. See how AUD reacted to the news!

Caution ahead of this week’s top-tier events got mixed in with weak U.S. equities performance and increased Middle East tensions.

US Dollar gains strength as economic data impresses. Fed decision eagerly awaited. See what happened in the FX market today.

Even though the U.S. central bank is widely expected to keep borrowing costs on hold this week, USD volatility could still pick up as traders hunt for rate cut clues in the next meetings.

A lack of data release kept traders on the sidelines on Monday, leading to choppy price action for most of the major assets.

Not only will the Land Down Under be printing its latest CPI reading for June, but we’ll also have a summary of how inflation fared for the second quarter of the year.

It’s gonna be a wild ride in the markets this week since we’ve got three central bank decisions, CPI releases from three major economies, and China’s PMI readings… all ahead of the big NFP report!

The Japanese yen found itself at the top of the daily leaderboard thanks to calls for BOJ tightening and a big return in broad negative risk sentiment. 

Market correlations fell in & out of sync & broad risk vibes were soured as traders juggled several major market narratives, including fears of a slowdown in China.

The major assets were ready to extend themes from the previous day when the U.S. GDP release shook up overall price action.

The U.S. economy grew much faster than analysts estimated in Q2 2024. So why did the U.S. dollar barely react to the news?