Market News

The major financial assets saw relatively muted volatility as traders waited for anticipated reports scheduled later this week.

With not a lot of top-tier economic releases on tap, the markets focused on Fed speak and other asset-specific catalysts.

We’ve got the RBNZ decision lined up this week, along with the minutes of the latest RBA and FOMC meetings. Oh, and keep an eye out for a couple of top-tier inflation releases, too!

No love for USD as key inflation metrics weren’t strong enough to bring back a Fed rate hike narrative and kick off broad risk-on vibes.

Inflation data from the U.S. was front & center this week, leading to a nervous start for the broad markets before U.S. CPI figures sparked big volatility!

While the U.S. dollar was able to establish some direction for the most part of the day, price action was a hot mess for the rest of the asset classes. What went on?

The market spotlight was on the U.S. CPI release, which sparked a fresh set of volatile moves across asset classes. Which ones ended in the green and in the red?

Australia’s employment change figure for April beat estimates, as it showed a 38.5K increase in hiring. But do the underlying numbers paint the same upbeat picture?

The U.S. headline CPI came in softer than expected with a 0.3% month-over-month gain in April versus the estimated 0.4% increase. How did USD pairs react?

Markets were off to another quiet start, but this turned out to be the calm before the U.S. PPI storm. Read on to find out what went down!

The latest U.K. employment report turned out mostly better than expected, as the economy lost only 8.9K jobs in April. How did the rest of the numbers look?

Markets were off to a bit of a lazy start on Monday, before volatility picked up and led to a mixed run for asset classes. What’s up with that?!

The dollar is in for a busy week with inflation and mid-tier U.S. data on tap while Australia and the U.K. both print their latest jobs reports.

The absence of fresh market catalysts encouraged currency-specific trading for most of the FX pairs this week.

A lack of market catalysts encouraged asset-specific price action but that didn’t stop the dollar and its counterparts from trading all over the charts!

The spotlight was mostly on the Bank of England’s monetary policy statement, as they decided to maintain rates at 5.25% as expected but still had some surprises up their sleeves.

As expected, the BOE kept interest rates on hold at 5.25% but the more dovish MPC tilt and presser took markets by surprise. How did the pound react?

With no major market movers on the scene on Wednesday, it was a perfect chance for the key assets to respond to their individual catalysts.

The absence of fresh major market themes encouraged asset-specific price action on Tuesday! Which major assets saw volatility? We have the deets!

So the RBA kept its interest rates at 4.35% as expected. So why did AUD go down and stay down after the announcement?