Market News

Central banks are back under the spotlight with the RBNZ, BOC, and ECB sharing their April decisions while the Fed prints its March meeting minutes.

The U.S. calendar was action packed with top tier events, including jobs & business sentiment data that influenced price action across the major currencies!

Geopolitical tensions made for big gains in oil and gold, while U.S. jobs data gave traders less reasons to price in Fed cuts. What happened and how did it all play out!

Safe haven assets rose near the end of the U.S. session as traders worried about Iran possibly making retaliatory strikes against Israel.

It was another mixed day in the financial markets, as pre-NFP jitters had traders reacting quickly to leading U.S. jobs indicators.

Got mixed signals from U.S. leading jobs indicators so far! What might these figures imply for the NFP report?

Intermarket price action was as mixed as a bag of nuts in the past session, as Treasury yields stole the show with notable gains, even though the U.S. dollar was on shaky footing. 

The Greenback was off to a solid start this month and quarter, thanks to an upbeat ISM manufacturing PMI report. 

The March U.S. ISM manufacturing PMI surprised to the upside, as it climbed from 47.8 to 50.3 and returned to industry expansion for the first time in two years.

Welcome to a brand new week, month, and quarter in trading! We’ve got no less than the highly-anticipated NFP release, as well as flash CPI readings from the eurozone and a handful of FOMC speeches.

The lack of top-tier data releases & a slow news cycle had FX traders moving mostly sideways & sticking to central bank and inflation developments.

A shortened week lead to low volatility & unusual price action as all of the major assets were net green at the Thursday close relative to the Monday open. 

Most majors are stuck in consolidation recently, as some markets are closed for the Easter holidays. Can EUR/USD still pull off a breakout soon, though?

USD/CAD looks ready to break a resistance area ahead of Canada’s GDP release! Can CAD bulls turn things around in the next trading sessions?

Australia’s latest inflation report signaled the CPI growth rate held steady  at 3.4% y/y in February, holding at that rate for three months now

AUD/USD is flirting with a support zone ahead of Australia’s retail sales release! Will AUD see enough demand to hit higher areas of interest?

The yen is finding some support amidst threats of currency intervention! How will today’s themes affect USD/JPY’s short-term consolidation?

AUD/JPY is trading inside a range ahead of BOJ’s core CPI and Australia’s consumer sentiment reports. Will we see a breakout soon?

We may not have a central bank decision on tap but anticipated data releases may support or weaken interest rate speculations this week!

Shifting central bank biases and a few surprise data points paved the way for an exciting week in the forex market. Which currency bagged the top spot and which one lagged behind?