Daily Broad Market Recap – July 15, 2024
The markets started the week by pricing in Trump’s assassination attempt, but price action soon took its cues from Fed interest rate cut talks.
Read MoreThe markets started the week by pricing in Trump’s assassination attempt, but price action soon took its cues from Fed interest rate cut talks.
Read MoreWho’s ready for a brand new trading week? This one’s filled with must-watch data releases from major economies and an interest rate statement from the ECB!
Read MoreWhile the spotlight was mainly on the U.S. CPI release, other major currencies like the Kiwi and Yen saw big reactions to central bank surprises this week.
Read MoreMarket correlations were all over the place early in the week, before sentiment finally found its stride later on. Which catalysts & themes brought risk appetite back in play?
Read MoreU.S. inflation was front and center, as the major assets traded mixed ahead of the release and took their cues from the report during the U.S. session.
Read MoreCooler-than-expected consumer price pressures in the U.S. inspired traders to price in not one, not two, but THREE Fed rate cuts in 2024.
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 MoreBlessed are they who can laugh at themselves for they shall never cease to be amused.Origin Unknown