FX Weekly Recap: June 10 – 14, 2024
Major forex pairs drifted mostly sideways throughout the week, as dollar traders seemed inclined to wait for the U.S. CPI and FOMC statement to set the direction later on.
Read MoreMajor forex pairs drifted mostly sideways throughout the week, as dollar traders seemed inclined to wait for the U.S. CPI and FOMC statement to set the direction later on.
Read MoreMajor asset classes marched to the beat of their own drum, even as the highly anticipated U.S. CPI and FOMC statement events came to shake up the markets.
Read MoreThe BOJ voted to keep its policies steady but also delayed discussions regarding the reduction of its long-term bond purchases. What’s up with that?!
Read MoreHow did the major assets trade following the U.S. CPI data and the Fed’s June decision? We have the deets that you need to know!
Read MoreThe market spotlight was focused on U.S. top-tier events for the day, namely the CPI release and Fed statement, and these catalysts did not disappoint when it came to volatility.
Read MoreThe FOMC kept interest rates on hold as expected in their latest statement but surprised the markets by scaling down their easing expectations significantly.
Read MoreIt was a volatile day for most asset classes, as Treasury yields and bitcoin tumbled while commodities and equities had quite the comeback later on.
Read MoreThe U.K. claimant count change figure indicated a larger than expected jump in unemployment for May while the average earnings index came in better than consensus.
Read MoreWith the U.S. CPI report due just hours before the FOMC announcement this week, the inflation report could be a good opportunity to catch big USD moves.
Read MoreMarkets seemed to be off to a slow start this week, but could this just be the calm before the storm? Here’s how the major currencies are faring.
Read MoreThe Fed and the BOJ are both dropping their June policy decisions while Uncle Sam and China will give an update on their inflation trends.
Read MoreGlobal PMI’s & U.S. jobs data had traders running to CHF & JPY this week, so much that they survived the USD’s last minute pump after the Non-Farm Payrolls report!
Read MoreSuper busy week as U.S. jobs data, global PMI’s & central bank events influenced interest rate expectations, almost daily, resulting in a very mixed relative performance picture.
Read MoreIt was a rally and reverse kind of day for the U.S. dollar, as it unwound its intraday gains while traders braced for a potential NFP miss.
Read MoreAs expected, the European Central Bank (ECB) lowered interest rates by 25 basis points but surprisingly dampened the likelihood of further easing soon.
Read More“Risk” assets and dollar counterparts saw gains during the U.S. session as more traders priced in a potential interest rate cut by the Fed.
Read MoreThe BOC cut its interest rates by 25bps as expected and hinted at future rate cuts. So why did the Loonie regain most of its losses?
Read MoreIs an interest rate cut from the European Central Bank (ECB) a done deal this June? And are they likely to follow through with more easing moves in the next months?
Read MoreAustralia’s economy grew by 0.1% q/q in Q1 2024, slower than the 0.3% q/q uptick in the previous quarter and the 0.2% q/q increase that the markets had expected.
Read MoreConcerns about the U.S. economy encouraged a risk averse environment and pushed the U.S. dollar higher against its “riskier” counterparts.
Read MoreIf you go to work on your goals, your goals will go to work on you. If you go to work on your plan, your plan will go to work on you. Whatever good things we build end up building us. Rohn Jim