Daily Broad Market Recap – July 10, 2024
Risk-on vibes seemed to be present in the financial markets, as equities and commodities closed higher while bond yields and the dollar took hits.
Read MoreRisk-on vibes seemed to be present in the financial markets, as equities and commodities closed higher while bond yields and the dollar took hits.
Read MoreThe Reserve Bank of New Zealand (RBNZ) kept interest rates on hold at 5.50% as expected, but NZD took hits across the board during the announcement. Here’s why.
Read MoreTraders kept their eyes and ears peeled during Fed Chairperson Powell’s testimony, but did the event move the markets that much? Here’s how asset classes reacted.
Read MoreFed Chairperson Jerome Powell took center stage in his testimony in front of the Senate Banking Committee, as he cited that waiting too long to cut interest rates could risk hurting the U.S. jobs market.
Read MoreFed Chair Powell hints at possible rate cuts, but insists on solid data first. Here’s what forex traders need to know from his latest testimony.
Read MoreDollar domination was the name of the game on Monday while risk assets like gold and crude oil took major hits. What’s driving the markets these days?
Read MoreGermany’s trade numbers are in, and it looks like the economic powerhouse is playing a game of “who can shrink slower?” in the global marketplace.
Read MoreHeads up, Kiwi traders! The Reserve Bank of New Zealand (RBNZ) is scheduled to announce their policy decision this week, so watch out for additional volatility on NZD pairs.
Read MoreThe markets are in for a relatively chill trading week as we only have a few top-tier, anticipated events on the docket.
Read MoreFocus on global politics and weak U.S. labor market data weighed on safe havens and helped risk-related currencies this week.
Read MoreIt was a busy week for the global markets despite a shortened trading week in the U.S. Which headlines did the markets react to the most?
Read MoreNo U.S. session traders? No problem! Global equities and commodities still managed to chalk up pretty big moves during the Fourth of July holiday, as the spotlight shifted to political headlines.
Read MoreExit poll numbers have trickled in and are pointing to a landslide win for the Labour Party and the next U.K. Prime Minister Keir Starmer. Here’s how GBP pairs are doing.
Read MoreUncle Sam is gearing up to print its latest non-farm payrolls report soon! Will the U.S. jobs data set off fireworks in the forex market this week, too?
Read MoreThe major assets traded in tight ranges until the U.S. session when a bunch of data releases encouraged volatility across the charts.
Read MoreA parade of net weak U.S. jobs reports accelerated the U.S. dollar’s losses across the board. Which reports did the markets react to the most?
Read MoreCanada is scheduled to print its June jobs report later this week, and a bit of a slowdown in hiring is eyed. Will the actual figures highlight the Bank of Canada’s (BOC) downbeat outlook?
Read MoreMajor assets were trading their individual headlines until the U.S. session when top-tier calendar events influenced broader market themes.
Read MoreEuro Area’s June inflation generally met market estimates, which is likely why the euro saw a short-term reaction to the report.
Read MoreThe big news today in FX came from Sintra, Portugal. What happened and how did this affect the FX market today?
Read MoreYou can never cross the ocean unless you have the courage to lose sight of the shore.Christopher Columbus