Global Market Weekly Recap: June 17 – 21, 2024
The markets were trading on headlines-specific price action before top-tier reports later in the week inspired adjustments to central bank biases.
Read MoreThe markets were trading on headlines-specific price action before top-tier reports later in the week inspired adjustments to central bank biases.
Read MoreThe market spotlight was focused on a couple of major central bank announcements, with one delivering a surprise rate cut. How did the rest of the asset classes fare?
Read MoreAs expected, the Bank of England (BOE) kept interest rates on hold at 5.25% in a 7-2 MPC vote this June. However, the central bank had some hints about their future policy moves.
Read MoreContrary to consensus expectations of no change in policy, the Swiss National Bank (SNB) delivered another surprise rate cut of 25 basis points in this week’s announcement.
Read MoreThe major assets traded in ranges as traders stayed on the sidelines during a U.S. bank holiday and ahead of this week’s anticipated reports.
Read MoreThe U.K. saw easing inflation in May but the British pound gained pips on its counterparts. What’s up with that?!
Read MoreWith U.K. annual inflation reaching the central bank’s target, will the Bank of England (BOE) finally cut interest rates? Or will they still opt to keep policy unchanged for now?
Read MoreThe SNB is dropping its June policy decision! Will it keep its policies steady? Or will it surprise the markets for a second time this year?
Read MoreWeak retail activity in the U.S. drew in growth concerns and lowkey weighed on the U.S. dollar. So why did U.S. stocks extend their gains?
Read MoreRBA kept its interest rates at 4.35% as expected. However, the Board considered a rate hike while members saw increased inflation risks.
Read MoreIt is only when we realize that life is taking us nowhere that it begins to have meaning.P.D. Ouspensky