Market News

The BOE kept its interest rates at 5.00% as expected and maintained its quantitative tightening pace for the next year. So why did GBP pop higher?

Better-than-expected Australian labor market data are supporting RBA’s hawkish stance and has put the Aussie in the green against its counterparts.

With the Fed announcing a larger 0.50% interest rate cut and suggesting more easing to come, how did financial markets react to the news?

The FOMC lowered interest rates by 0.50% in their September meeting, marking an aggressive start to their monetary policy easing cycle.

Markets still seem uneasy ahead of this week’s FOMC decision, as intermarket correlations appeared to be a mess even while the U.S. dollar cheered the upside surprise in headline retail sales.

Canada printed another batch of weaker than expected inflation figures, as the headline CPI slowed from 2.5% to 2.0% year-on-year in August.

It’s time for the blockbuster event of the month: the September FOMC decision! Will policymakers go for the standard 0.25% rate cut or will they level up with a 0.50% reduction in borrowing costs?

Financial markets are looking mixed as traders brace for the FOMC decision later this week while Chinese banks are still closed for the Mid-Autumn Holidays.

Now that the Bank of Canada (BOC) has opened the door for further easing if necessary, can the upcoming Canadian CPI release seal the deal for another rate cut soon?

The Fed may finally cut interest rates for the first time in years this week. But that’s not the only thing shaking up the markets!

The major currencies saw increased volatility & unusual price action as traders repriced their interest rate biases, and reacted to data releases and risk sentiment shifts.

Shifting risk sentiment & changing expectations around Fed rate cuts prompted interesting price action, including wide swings in oil prices during this busy week.

It was a risk-on day for financial markets, as crude oil closed out with nearly a 3% win while gold hit fresh record highs. Check out the latest headlines!

European Central Bank (ECB) policymakers announced their unanimous decision to lower their main deposit rate by 0.25% as expected, following its previous cut in June.

The major assets were all over the place as traders priced in their Fed rate cut biases, U.S. political updates, and top-tier U.K. and U.S. reports.

A hotter-than-expected core inflation reading sent the U.S. dollar higher, but risk appetite soon took over and limited the Greenback’s gains.

The latest U.K. economic activity update reveals a stagnant picture for July 2024, with flat GDP growth and mixed performance across sectors

With not a lot of fresh catalysts to consider, the markets are positioning themselves ahead of anticipated data releases on Wednesday and Thursday.

The latest U.K. employment situation update revealed a mixed picture, with signs of cooling in the labour market but continued wage pressures.

Pullbacks from last week’s moves and positioning ahead of this week’s catalysts got traders pushing the major assets all over the charts.