Daily Broad Market Recap – June 3, 2024
Spot gold is gaining ground on overall U.S. dollar weakness while the Canadian dollar is attracting bearish demand ahead of BOC’s decision.
Read MoreSpot gold is gaining ground on overall U.S. dollar weakness while the Canadian dollar is attracting bearish demand ahead of BOC’s decision.
Read MoreU.S. May PMIs came in mixed, with the S&P Global reading revised higher while closely watched ISM release surprised with a deeper contraction.
Read MoreWe’ve got a busy trading week ahead of us since a couple of major central banks are scheduled to announce policy decisions, plus the U.S. NFP is lined up, too!
Read MoreCHF was the one currency to rule them all thanks to positive developments from Switzerland & broad risk-off vibes from geopolitical catalysts & shifting sentiment on economic activity ahead.
Read MoreMarket players had a lot to digest including property sector updates in China, geopolitical risks, & the always anticipated U.S. core PCE Price Index update!
Read MoreRevised U.S. economic growth data sent the U.S. dollar and other major financial assets all over the charts yesterday!
Read MoreData releases from the U.S. showed weakness, which fired up interest rate cut bets for the Fed and weighed on the U.S. dollar.
Read MoreThe Greenback was a big winner in the latest trading sessions, thanks to rising bond yields and some risk-off flows. Here’s what happened.
Read MoreJust when it seemed that markets were in for another quiet run, volatility kicked in when U.S. traders returned to their desks after the Memorial Day holiday.
Read MoreThe Conference Board printed a stronger than expected consumer confidence reading for May while the previous month reading enjoyed an upgrade.
Read MoreMajor forex pairs and asset classes still chalked up pretty good moves, despite the lack of top-tier releases in the latest sessions. Read on to find out how the markets fared.
Read MoreThe PMIs are out and now it’s time for key lagging indicators like inflation and GDP updates to take center stage!
Read MoreHawkish interest rate bets kept the dollar supported while positive U.K. and Euro Area data releases drew in bullish demand for EUR and GBP.
Read MoreThe RBNZ may have been the only one to publish a policy decision, but that didn’t stop major central bankers from giving their two pips on inflation & policy head!
Read MoreThe global flash PMI dump did quite a number on overall market sentiment! Here’s how major currency pairs and asset classes fared.
Read MoreThe latest round of flash manufacturing and services PMI readings from the U.S. economy reflected a faster pace of expansion for both sectors. Here’s how USD pairs reacted.
Read MoreFX volatility is heating up with the release of top-tier economic reports from the major economies. We have the details on today’s top market movers!
Read MoreFOMC members aren’t as confident about the impact of their high interest rates in battling high inflation! How did USD react to the news?
Read MoreRBNZ may have kept its interest rates at 5.50% as expected but the markets didn’t see the central bank’s hawkish economic projections!
Read MoreWe’ll get our first glimpse into how business sectors are faring in the eurozone when its top economies print their flash PMIs on Thursday! Here’s what might happen.
Read MoreI am not a product of my circumstances. I am a product of my decisions.Stephen Covey