Market News

The Japanese yen was the king of pips in the forex market once again, as it chalked up its third consecutive day strongly in the green. In contrast, U.S. equities suffered steep losses due to a broad tech selloff.

As expected, the Bank of Canada (BOC) lowered borrowing costs by 0.25% while also announcing slight negative revisions to its growth forecasts. How did CAD react?

The U.S. dollar staged a steady climb against majority of its forex rivals, but the Japanese yen was a clear exception. What’s up with that?!

BOJ under the spotlight as yen strengthens. Let’s review what happened in the FX market today.

It’s almost the end of July, so we’re about to get our first glimpse into how business sectors fared for the month! What’s expected for the eurozone flash PMI readings?

Political updates in the U.S. and China’s surprise easing move dominated the headlines at the start of this week. How did asset classes react to the news?

The major economies are printing their PMI reports! BOC may also shake the markets with a rate cut while the U.S. prints a stronger GDP in Q2.

Increased U.S.-China trade tensions and global growth concerns boosted the safe havens and dragged the comdolls lower. Let’s break down FX price action!

Economic data releases took a backseat to broader market themes and risk sentiment this week. Which headlines affected the major assets?

Higher-yielding assets had a solid start but wound up in the red while the U.S. dollar and bond yields regained the upper hand. What went on in the markets recently?

As expected, the European Central Bank (ECB) kept interest rates unchanged in this week’s announcement and refrained from giving forward guidance. How did the euro react?

The U.S. dollar may have been the target of a currency intervention! We have headlines you need to know from yesterday’s trading.

Australia saw a higher unemployment rate in June, but was shrugged off as Aussie traders focused on strength seen in the underlying data.

The UK’s annual inflation growth rate decided to take it easy this summer, with the consumer prices index growth rate remaining unchanged at 2.0% y/y in June 2024

After cutting interest rates last month, is the ECB about to follow up with another easing move this time? Here’s what market analysts are expecting for their upcoming policy decision.

The major assets traded with mixed results as the markets priced in a strong U.S. economy and increased chances of a Fed rate cut.

New Zealand’s Q2 consumer price increases supported the RBNZ’s shift to a less hawkish tone. So why did NZD spike up after the release?

The dollar is shoed some gains after a solid retail sales report excluding autos. Find out what else moved in the FX market today.

The latest advance estimates from the U.S. Census Bureau show that U.S. retail and food services sales decided to take a little break in June 2024

Australia is scheduled to release its latest employment figures this week, so AUD pairs might be in for big intraday moves soon!