Category: broad
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Daily Broad Market Recap – October 10, 2024
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All eyes and ears were on the release of the US CPI… which didn’t cause much hype in the markets. However, crude oil gained a massive 3% for the day. Read on to find out why! Titles: Japan’s producer prices rose from 2.6% to 2.8% year-on-year in September instead of…
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Daily Broad Market Recap – October 9, 2024
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A lack of fresh market catalysts kept major assets in ranges early in the day, before central bank speculation and positioning ahead of US CPI reports increased volatility in the US session. Which assets have seen the most movement? We discuss yesterday’s market headlines and price reactions! Titles: The Reserve…
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Daily Broad Market Recap – October 8, 2024
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The lack of high-level data releases left room for major assets to continue pricing according to current market themes on Tuesday. Can you guess which assets saw the most modifications? Let’s discuss: Titles: Reserve Bank of Australia meeting minutes Show that members prefer policies that are “sufficiently restrictive” to become…
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Daily Broad Market Recap – October 7, 2024
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No big data? No problem! Markets started the week higher after Friday’s non-farm payrolls (NFP) report, but it wasn’t long before concerns about tensions in the Middle East, diminishing chances of a Fed rate cut, and upcoming US CPI and PPI data weighed on risk assets. . Here’s how individual…
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Daily Broad Market Recap – October 3, 2024
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Caution ahead of Friday’s US non-farm payrolls report may have kept overall volatility in check, but asset-specific catalysts could still bring some movement to major markets. So, what were the headlines that stole the show on Thursday? Let’s break it down below: Titles: Bank of Japan Member Asahi Noguchi It…
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Daily Broad Market Recap – October 2, 2024
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Data flow has been relatively light in recent trading sessions, but that hasn’t stopped a handful of asset classes from making big moves. The US dollar and Treasury yields got a little support from another upbeat key jobs indicator, while the energy commodity took cues from inventory data. Check out…
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Daily Broad Market Recap – October 1, 2024
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Volatility was relatively weak for most asset classes early with the exception of crude oil, where geopolitical headlines were front and center, before risk-off flows picked up. Meanwhile, mixed leading US indicators, namely the ISM Manufacturing PMI and JOLTS employment data, continue to end net positive for the dollar. Here…
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Daily Broad Market Recap – September 30, 2024
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Monday was mixed for most asset classes, before dollar pairs were able to find a clear direction during Fed Chairman Powell’s speech. Commodities found themselves on shaky ground after China published gloomy PMI numbers, however global stocks managed to control losses. Here are other updates you should know about! Titles:…
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Daily Broad Market Recap – September 26, 2024
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Markets got an extra dose of risk appetite thanks to another batch of stimulus measures from China. Meanwhile, the Swiss National Bank (SNB) announced its third consecutive interest rate cut and hinted at more to come. How did your favorite asset classes perform? Titles: Broad market price movement: Dollar Index,…
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Daily Broad Market Recap – September 25, 2024
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The lack of fresh catalysts led to pullbacks and potential profit-taking among major assets on Wednesday. What market themes have moved your favorite assets anyway? Let’s discuss! Headlines: Australia’s inflation broadly cooler but still elevated in August Bank of Japan Core CPI It remained at 1.8% year-on-year as expected in…
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Daily Broad Market Recap – September 24, 2024
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Central bankers were in the spotlight yesterday, and the lack of high-profile data releases facilitated a repricing of monetary policy biases across major assets. What headlines influenced the price movement of major assets? We have the details! Headlines: China announces a series of stimulus measures Which includes reducing the reserve…
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Daily Broad Market Recap – September 23, 2024
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Major assets were all over the place on Monday, as traders priced in a Federal Reserve rate cut, escalating tensions in the Middle East, and a potential slowdown in global growth. What headlines have caught traders’ attention during recent trading sessions? We talk about them below! Headlines: New Zealand trade…
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Daily Broad Market Recap – September 23, 2024
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Major assets were all over the place on Monday, as traders priced in a Federal Reserve rate cut, escalating tensions in the Middle East, and a potential slowdown in global growth. What headlines have caught traders’ attention during recent trading sessions? We talk about them below! Headlines: New Zealand trade…
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Daily Broad Market Recap – September 19, 2024
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It was another busy day as traders digested the latest Fed rate cut, the Bank of England’s decision to hold steady, better-than-expected US data, and developing stories in the Middle East. What assets benefited from Thursday’s headlines? We discuss them below! Headlines: New Zealand GDP Shrank by 0.2% in Q2…
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Daily Broad Market Recap – September 18, 2024
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With the Federal Reserve announcing a further 0.50% rate cut and proposing further monetary easing, how did financial markets react to the news? Have we seen a uniform reaction across major asset classes or are other headlines taking the spotlight? Check out the latest market updates! Headlines: New Zealand’s current…
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Daily Broad Market Recap – September 17, 2024
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Markets still look uneasy ahead of this week’s FOMC decision, with correlations between markets appearing to be in disarray even as the US dollar welcomed the bullish surprise in core retail sales. Crude oil prices were volatile while gold prices retreated from their all-time highs. Meanwhile, stock indexes closed almost…
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Daily Broad Market Recap – September 16, 2024
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Financial markets are mixed as traders prepare for the Federal Open Market Committee decision later this week while Chinese banks remain closed for the Mid-Autumn Holiday. So far, the US dollar is heading towards its lowest levels this year while gold is hovering near its all-time highs. Find out the…
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Daily Broad Market Recap – September 12, 2024
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It was a risky day for financial markets, with crude oil closing up about 3% while gold hit new record highs. US stock traders also enjoyed a great deal, with the S&P and Nasdaq recording their fourth consecutive day in the green. Check out the latest headlines! Headlines: Japan Producer…
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Daily Broad Market Recap – September 11, 2024
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Major assets were all over the place on Wednesday as traders priced in their biases on a Fed rate cut, US policy updates, and high-profile reports from the UK and US. In the foreign exchange market, a higher-than-expected core US consumer price index helped the dollar recover some of its…
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Daily Broad Market Recap – September 10, 2024
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With not much new catalyst to consider, markets are starting to position themselves ahead of expected data releases on Wednesday and Thursday. What headlines moved the major assets anyway? We discuss the most important market drivers on Tuesday: Headlines: Westpac: Australian Consumer Sentiment The consumer price index fell 0.5% from…