Daily Broad Market Recap – May 6, 2024
Major financial assets started the week on a chill note as a lack of market movers gave traders room to prep for this week’s potential catalysts.
Read MoreMajor financial assets started the week on a chill note as a lack of market movers gave traders room to prep for this week’s potential catalysts.
Read MoreA couple of major central banks are scheduled to announce their rate statements this week, plus we’ve got Canada’s jobs report to watch out for, too!
Read MoreJPY stole the show this week, thanks to stealthy intervention moves, while the Greenback made a few flashy moves around the FOMC decision & U.S. jobs data!
Read MoreMost of the major asset classes traded mostly in the red this week, driven by a mix of themes including falling geopolitical tensions and mixed U.S. jobs updates.
Read MoreThe U.S. dollar continued to lose pips against its major counterparts as more traders digested the Fed’s less hawkish than expected policy decision.
Read MoreFinancial markets had a mixed run in the past trading sessions, as there were plenty of factors in play even before the highly-anticipated FOMC decision was announced.
Read MoreAs expected, the Federal Open Market Committee (FOMC) kept interest rates on hold at 5.50% during their May meeting. Here’s how USD pairs reacted.
Read MoreThe New Zealand economy unexpected lost 0.2% jobs quarter-on-quarter in Q1 2024, bringing the unemployment rate up from 4.0% to 4.3% during the period.
Read MoreThe weaker-than-expected Canadian GDP release coincided with a stronger-than-expected U.S. employment cost index report. How did CAD react to the event?
Read MoreIt was a good day to be a dollar bull, as the U.S. currency staged a steady climb across the board, even before top-tier U.S. reports were released.
Read MoreThe market holiday in Japan and the lack of verbal intervention from Japanese officials weren’t enough to stop the yen from making big moves!
Read MoreUSD and EUR will get attention this week as traders anticipate the Fed’s May decision, U.S. April NFP, and inflation and GDP data from the euro region!
Read MoreSafe haven currencies took L’s this week as weaknesses for USD and JPY got mixed with strong data releases from major economies.
Read MoreA fresh batch of PMI releases and central bank member speeches have encouraged a repricing of interest rate expectations in the markets!
Read MoreThe Japanese central bank kept interest rates on hold at <0.10% as expected while maintaining forecasts for next year's growth and inflation figures.
Read MoreThe dollar shrugged off a lower than expected growth figure for the first quarter of the year and still managed to pop higher against its peers. What’s up with that?
Read MoreA strong U.S. economic release brought back “higher for longer” bets for the Fed! We’re taking a closer look at how the major financial assets reacted.
Read MoreConsumer prices in Australia rose by 3.6% y/y in Q1 2024, slower than Q4 2023’s 4.1% read but above the 3.4% forecast.
Read MoreThe financial markets traded with mixed results as the major assets reacted to individual catalysts. How did your favorite assets trade?
Read MoreMajor financial assets saw volatility as traders priced in easing geopolitical concerns in the Middle East and their optimism for this week’s data and earnings reports events.
Read MoreNot everything that can be counted counts, and not everything that counts can be counted.Albert Einstein