Market News

It’s another busy trading week filled with top-tier U.S. data points, global PMIs, inflation data, and a central bank announcement!

Monetary policy biases were still front and center, with major currencies taking cues off fresh inflation updates and central bank rhetoric.

The week started and ended with a strong focus on geopolitical tensions, but a whole lot of tossing and turning still happened in between. Read on to find out what went down!

Improved risk sentiment started the U.S. dollar on weak footing, but a few U.S. data releases soon turned the tide for the Greenback.

Markets were having a pretty chill time during the Asian market hours before all hell broke loose in the latter trading sessions. What’s up with that?!

Australia reported net 6.6K job losses in March 2024 instead of the estimated 7.2K increase in hiring. What else did the underlying figures reveal?

The dollar was the king of pips early in the day, but divergences soon emerged when central bank officials shared insights on monetary policy.

New Zealand just printed its Q1 2024 CPI figures, with the headline reading coming in line with expectations of a 0.6% quarterly uptick.

A combination of risk-off flows and upbeat U.S. retail sales data lifted the Greenback against its counterparts in the past trading sessions.

The spotlight is on inflation this week, as Canada, the U.K. and New Zealand will be releasing their latest CPI figures. Here’s what you need to know.

The dollar was king of pips thanks to a strong U.S. CPI report that supported a “higher for longer” interest rate environment for the Fed.

It was another busy week as geopolitics, top-tier economic data releases and central bank events encouraged a repricing of interest rate cut bets.

All eyes and ears were on the European Central Bank (ECB) decision, plus another batch of U.S. inflation data. How did the markets react to these catalysts?

Greetings forex friends! It looks like the European Central Bank held interest rates as-is & signaled June as the first cut month if data warrants it.

It was a BUSY trading day for traders, who saw RBNZ and BOC’s policy decisions AND priced in a hotter-than-expected U.S. inflation read.

As expected, BOC kept its rates at 5.00% in April. Gov Macklem also hinted of a June rate cut. So why did CAD trade higher?

The U.S. Consumer Price Index (CPI) rose by 0.4% m/m in March, inline with February’s inflation rate but a tick above the 0.3% m/m forecast. 

The RBNZ kept its interest rates at 5.50% as the markets had expected! How is the New Zealand reacting to the news so far? We have the deets!

Gold prices rose for another day while oil, bitcoin, and U.S. bond yields traded lower despite a lack of major data releases. What’s up with that?!

Gold, crude oil, U.S. bond yields, bitcoin, and USD/JPY all made notable highs despite the lack of economic data releases. What’s up with that?!