Market News

Economic data surprises, risk sentiment plot twists, and central bank speculations made for a busy trading week for the major currencies!

Positive economic data and rate cut talks helped fuel a risk-friendly environment for risk assets this week. How did your favorite assets trade?

Dollar domination was the name of the game after the U.S. printed strong retail sales figures. How did the rest of the currencies and asset classes perform?

The uptick in Australia’s unemployment rate was overshadowed by components showing underlying strength. How did the Aussie react?

The RBNZ took the spotlight early in the day, but data releases from the U.K. and the U.S. soon drew attention to other market themes. How did your favorite assets trade on Wednesday?

Look out for potential intraday moves on AUD pairs this week, as the Land Down Under is gearing up to print its July jobs figures.

The New Zealand dollar dropped sharply earlier today and, no, it’s not because your trading platform suffered a “massive DDoS attack.”

Cooler producer price pressure in the U.S. fueled Fed rate cut speculations and inspired risk-taking. How did your favorite assets trade yesterday?

US PPI data falls short of expectations and causes the dollar to fall. See what happened in the FX market today!

With markets pricing in strong odds of a September Fed rate cut, will the upcoming U.S. CPI still make a dent on the dollar’s trends?

Price action was mixed, as some stood on the sidelines while others priced in increased Middle East tensions. Which assets saw increased volatility?

Brace yourselves, fellow traders! We’re in for another wild ride since this trading week is filled to the brim with major news catalysts.

After a Monday meltdown, risk-on currencies like the AUD & CAD were able to take the top spot thanks to positive U.S. surprises and net positive individual themes.

Risk sentiment was arguably the main driving force this week, although there were still instances when some major asset & currencies veered away from the pack.

The markets took a step back from pricing in their recession fears, leading to upticks for a lot of the major assets on Thursday.

Risk-off vibes returned to the financial markets midweek, yet crude oil still managed to rake in decent gains. What’s up with that and how did the rest of the asset classes perform?

New Zealand reported a 0.4% quarter-on-quarter increase in employment for Q2 2024, contrary to expectations of a 0.2% decline. Here’s how NZD pairs reacted.

A bit of calm returned to the financial markets in the past trading sessions, but we still saw pretty big moves among a few major currencies and asset classes. Here’s what went down.

U.S. dollar stabilizes against Japanese yen as global market turmoil subsides. See what happened in the FX market today.

RBA pushed back against rate cut calls, saying that inflation remains persistently high and that interest rates may need to stay higher for longer.