Daily Broad Market Recap – October 24, 2024
The market spotlight was on global flash PMI reports, which printed mixed results across major economies. How did asset classes and currencies fare?
Read MoreThe market spotlight was on global flash PMI reports, which printed mixed results across major economies. How did asset classes and currencies fare?
Read MoreThe flash PMI readings from the eurozone painted a mixed picture of the economy, as improvements were seen in Germany but France reported a slowdown in both manufacturing and services sectors.
Read MoreThe major assets were all over the charts on Wednesday. U.S. Treasury yields continued to rise, boosting the U.S. dollar higher and dragging gold prices lower.
Read MoreBOC cut its interest rates by 50bps in October as inflation hit the central bank’s targets. How exactly did the Loonie react to the news?
Read MoreFrance, 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?
Read MoreThere were no major data releases, which left the major assets exposed to current market themes and increasing concerns about the U.S. economy.
Read MoreMajor assets saw volatility despite a lack of top-tier data. Oil was supported by escalating Middle East tensions, while gold dipped after hitting fresh record highs.
Read MoreWe’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.
Read MoreMarket correlations appeared to be out of sync throughout the week, as asset classes were driven by individual catalysts and a busy forex calendar
Read MoreDecelerating 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.
Read MoreA busy trading calendar meant that the major assets were exposed to asset-specific catalysts and new market themes! Which headlines caught the investors’ attention?
Read MoreWhile the ECB’s decision to cut interest rates was widely anticipated, traders didn’t expect ECB members to leave the door wide open to further easing.
Read MoreAustralia’s September jobs figures mostly came in the green, as the economy reported a much faster pace of hiring for the month and saw a downtick in its unemployment rate.
Read MoreMajor currencies and asset classes seem to be taking cues from their own individual catalysts, with U.K. inflation data and the “Trump trade” taking center stage. Here are the updates driving price action lately.
Read MoreIs 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.
Read MoreSome risk-off flows were seen in the markets, as crude oil continued to sink and U.S. equity indices ended in the red. Meanwhile, volatility picked up in the forex arena due to top-tier releases. Here’s what you need to know!
Read MoreNew Zealand’s quarterly CPI reading came in slightly weaker than expected at 0.6% in Q2 2024, bringing the annual inflation reading down to 2.2%. What does this imply for RBNZ policy?
Read MoreMarket correlations seemed to be all over the place on Monday, as crude oil had a massive selloff while U.S. equities raked in decent gains. What’s up with that?
Read MoreWe’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?
Read MoreThe 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.
Read MoreIt's not what happens to you; it's what you do about it that makes the difference.W. Mitchell