Market News

The second version of the U.S. GDP reading was upgraded to show a faster 3.0% expansion in Q2 2024 versus the initially reported 2.8% growth figure.

A lack of data releases kept traders focused on risk sentiment and this week’s anticipated data releases. Check out which headlines made waves!

Both headline and core CPIs dropped to multi-month lows in July, but the Australian dollar shot up across the board. What’s up with that?!

Who’s ready for the first round of revisions on the U.S. Q2 2024 GDP? Better read up on what markets are expecting for the event and how the dollar could react.

With not a lot of data on tap, traders turned to yesterday’s market themes and priced in their biases for reports scheduled later this week.

The U.S. Dollar Index fell to new 2024 lows. See what else happened in the FX market today.

The week on a chill note ahead of this week’s catalysts. Crude oil was an exception though. The Black Crack shot up and barely looked back!

The market spotlight is on inflation updates from major economies this week, with the U.S. core PCE price index potentially being the star of the show.

September rate hike odds were the talk of the forex town, creating a sour week for the Greenback, but there were other stories in FX to mix up the price action this week.

Market players were mainly zoned in on the FOMC minutes & Powell’s testimony at the Jackson Hole Symposium, but gold & oil were also responding to their own catalysts.

Profit-taking was the name of the game on Thursday as the major assets reversed their intraweek trends ahead of Powell’s keynote speech on Friday.

Both the U.K.’s manufacturing and services PMIs hit multi-month highs in August, lowering the odds of aggressive easing plans from the BOE.

Just when it seemed that the Greenback was in recovery mode, it chalked up another day in the red thanks to a couple of major catalysts. How did the rest of the markets fare?

The minutes of the July FOMC meeting confirmed that most policymakers believe it would be appropriate to cut rates in September. How did the dollar react?

Risk aversion popped its head back in the markets during the latest trading sessions, pulling equity indices back in the red and leading gold to test record highs.

As widely expected, majority of the inflation metrics in Canada’s July CPI report reflected cooling price pressures for the month. How did CAD pairs react?

As the U.S. dollar hits its lowest point of the year, find out what drove its decline and what else happened in the FX market today.

Market players seem to have woken up on the right side of the bed this week, as risk-on vibes led to strong gains for equities and higher-yielding currencies on Monday.

With the Bank of Canada (BOC) already in its easing era, will the upcoming Canadian CPI figures convince policymakers to announce another rate cut soon?

The Fed is under the spotlight with the FOMC minutes and Jackson Hole events, while global inflation and PMI updates could influence risk sentiment.