Market News

Intermarket price action was as mixed as a bag of nuts in the past session, as Treasury yields stole the show with notable gains, even though the U.S. dollar was on shaky footing. 

The Greenback was off to a solid start this month and quarter, thanks to an upbeat ISM manufacturing PMI report. 

The March U.S. ISM manufacturing PMI surprised to the upside, as it climbed from 47.8 to 50.3 and returned to industry expansion for the first time in two years.

Welcome to a brand new week, month, and quarter in trading! We’ve got no less than the highly-anticipated NFP release, as well as flash CPI readings from the eurozone and a handful of FOMC speeches.

The lack of top-tier data releases & a slow news cycle had FX traders moving mostly sideways & sticking to central bank and inflation developments.

A shortened week lead to low volatility & unusual price action as all of the major assets were net green at the Thursday close relative to the Monday open. 

Most majors are stuck in consolidation recently, as some markets are closed for the Easter holidays. Can EUR/USD still pull off a breakout soon, though?

USD/CAD looks ready to break a resistance area ahead of Canada’s GDP release! Can CAD bulls turn things around in the next trading sessions?

Australia’s latest inflation report signaled the CPI growth rate held steady  at 3.4% y/y in February, holding at that rate for three months now

AUD/USD is flirting with a support zone ahead of Australia’s retail sales release! Will AUD see enough demand to hit higher areas of interest?

The yen is finding some support amidst threats of currency intervention! How will today’s themes affect USD/JPY’s short-term consolidation?

AUD/JPY is trading inside a range ahead of BOJ’s core CPI and Australia’s consumer sentiment reports. Will we see a breakout soon?

We may not have a central bank decision on tap but anticipated data releases may support or weaken interest rate speculations this week!

Shifting central bank biases and a few surprise data points paved the way for an exciting week in the forex market. Which currency bagged the top spot and which one lagged behind?

Saying that this week was an eventful one would still be an understatement, as market correlations were in flux and there was no shortage of big moves.

CAD/CHF’s pullback seems to have found a short-term bottom! Will it lead to the pair hitting new weekly highs in the next trading sessions?

The Bank of England (BOE) delivered a dose of tough love to the U.K. economy today, choosing to maintain interest rates at a lofty 5.25%.

The Swiss National Bank (SNB) surprised market observers on Thursday by cutting its main interest rate by 25 basis points to 1.50%.

This sterling pair is closing in on a strong support zone ahead of the BOE decision. Will it bounce or break?

The Federal Reserve Open Market Committee gave their latest monetary policy statement today, holding the target range at 5.25% to 5.5%, as widely expected.