Analysis

Rising U.S. yields and geopolitical tensions dominated this week, driving safe-haven flows and broad dollar strength. We’re detailing how the major currencies moved around!

We saw a tug-of-war between rising bond yields and safe haven flows, as investors digested mixed data, inflation and geopolitical concerns, and election-related uncertainties.

The Euro Area is about to drop the first October business surveys! Word around is that we could see better numbers compared to the previous month.

France, Germany, and the Euro Area are printing their October PMIs this week! What are the markets expecting and how may the releases affect the euro’s intraweek trends?

The markets see the BOC cutting rates again this week. But the central bank’s moves may be priced in, leading to potential rallies for CAD after the BOC’s event.

The BOC might cut its rates again! What are the markets expecting from the release and how does CAD usually react to the event?

We’ve got another major central bank decision lined up, plus a fresh batch of global PMI readings! Here’s what to expect for this week’s top-tier events.

This week our currency strategists focused on the New Zealand CPI update and the Australian employment update for potential high-quality setups.

Market correlations appeared to be out of sync throughout the week, as asset classes were driven by individual catalysts and a busy forex calendar

Decelerating global inflation trends, Middle East developments, & the lack of enthusiasm over China’s stimulus plans were the main themes on the forex scene this week.

Is the ECB gang gearing up for yet another rate cut? Here’s what markets are expecting from the decision and how EUR pairs may react.

Strong jobs data would back the RBA’s stance that the labor market is still tight, supporting its hawkish biases. We’re looking at AUD/CHF and AUD/NZD today!

The Land Down Under is ready to release its September jobs report soon, and I’m looking at these potential AUD plays in case the actual numbers fall short.

Will the September jobs data support the RBA’s insistence that its labor market remains relatively tight? How does AUD usually react to the release anyway?

New Zealand is gearing up to print its quarterly inflation figures that are likely to influence RBNZ policy expectations. Can an upside surprise put an end to their easing cycle soon?

Today we’re looking at NZD/USD and AUD/NZD possibly extending their October trends in the event that New Zealand’s price pressures come in weak.

The New Zealand dollar has been bouncing nicely since the RBNZ cut interest rates last week. Will the Q3 2024 inflation update change the tides for Kiwi?

We’ve got a fresh batch of U.K. labor market figures comin’ right up! Can the numbers keep the Bank of England (BOE) on its neutral stance or will it tip the scales either dovish or hawkish?

The major economies are dropping their inflation and labor market updates! Meanwhile, the ECB is widely expected to cut its interest rates by 25 basis points.

This week our currency strategists focused on the RBNZ monetary policy statement and U.S. CPI update for potential high-quality setups. How did they play out?