Category: broad

  • Daily Broad Market Recap – August 7, 2024

    Risk aversion returned to financial markets mid-week, but crude oil still managed to make good gains. What’s up with that and how did the rest of the asset classes perform? Here’s a quick summary of the headlines and economic updates that impacted the markets: headlines: China’s trade surplus July: $84.7…

  • Daily Broad Market Recap – August 6, 2024

    A bit of calm has returned to the financial markets over the past few trading sessions, but we are still seeing significant movements between some major currencies and asset classes. Bitcoin saw a big rebound, closing up around 5% on the day while Treasury yields also made good gains. Here’s…

  • Daily Broad Market Recap – August 5, 2024

    Traders appear to have woken up on the wrong side of the bed this Monday, as major asset classes found themselves in the red. What’s going on? Here’s a quick summary of the headlines and economic updates that impacted the markets: headlines: Minutes of the Bank of Japan meeting revealed…

  • Daily Broad Market Recap – August 1, 2024

    Just when August seemed to be off to a sluggish start, volatility in the financial markets reached a peak as the New York session approached. what happened after that? Here’s a quick summary of the headlines and economic updates that impacted the markets: headlines: Australian import prices recovered 1.0% q-o-q…

  • Daily Broad Market Recap – July 31, 2024

    The last trading day of the month was a busy one for data traders as they priced in new updates from around the world. What headlines have moved major assets in recent trading sessions? We have a list for you: headlines: Price movement in the broad market: Dollar Index, Gold,…

  • Daily Broad Market Recap – July 30, 2024

    Risk aversion was the name of the game on Tuesday, as caution ahead of this week’s major market events mixed with weaker U.S. technology stocks and rising geopolitical tensions in the Middle East. How have major assets behaved in recent trading sessions? We share the details: headlines: Australia Building Approvals…

  • Daily Broad Market Recap – July 29, 2024

    A lack of data releases kept traders on the sidelines on Monday, leading to volatile price movements for most major assets. What headlines dominated the news agencies anyway? headlines: during the Weekend, British Chancellor of the Exchequer Rachel Reeves Beware ofMaking tough decisions about spending, social care, and taxes“After reviewing…

  • Daily Broad Market Recap – July 25, 2024

    Major assets were poised to extend themes from the previous day when the US GDP release shook up overall price action. How did the major assets trade yesterday? We’re breaking down the headlines you might have missed! headlines: People’s Bank of China Surprisely Cuts Medium-Term Lending Facility Rates By 20…

  • Daily Broad Market Recap – July 24, 2024

    The Japanese Yen was the pips king in the Forex market once again, posting its third consecutive day in the green with a solid performance. In contrast, US stocks suffered sharp losses due to a broad sell-off in technology stocks, while commodities also declined. Here are the market headlines you…

  • Daily Broad Market Recap – July 23, 2024

    The US dollar has been steadily rising against most of its rivals in the foreign exchange market, but the Japanese yen has been a notable exception. Price action across other asset classes was hotter, with volatility rising but market correlations appearing to have broken down. What’s up with that?! Here…

  • Daily Broad Market Recap – July 22, 2024

    Political developments in the US and China’s surprise move to ease monetary policy dominated headlines earlier this week. How did asset classes react to this news? Here are the market headlines you need to know: headlines: US President Biden withdraws from presidential raceVice President Harris is endorsed as the Democratic…

  • Daily Broad Market Recap – July 18, 2024

    High-yielding assets got off to a strong start, but ended up falling as the US dollar and bond yields regained the upper hand. What happened in the markets recently? Here are the updates you need to know: headlines: Employment Change in Australia in June: +50.2K (19.9K expected, 39.5K prior), Unemployment…

  • Daily Broad Market Recap – July 17, 2024

    U.S. stocks and crude oil prices took their cues from individual catalysts on Wednesday and traded against their trends for the week. Meanwhile, the US dollar fell amid speculation that Japanese officials were intervening in the currency. Missed yesterday’s market headlines? We’ve got you covered! headlines: Melbourne Institute’s Leading Australian…

  • Daily Broad Market Recap – July 16, 2024

    Major assets posted mixed results as markets priced in a strong US economy and increased chances of a Federal Reserve rate cut. Spot gold, bitcoin and US stocks rose, while US bond yields and the US dollar fell. We have the headlines you need to know about yesterday’s price action!…

  • Daily Broad Market Recap – July 15, 2024

    Markets began the week pricing in an assassination attempt on Trump over the weekend, but price action quickly took cues from speculation of a Fed rate cut. Which assets benefited from the momentum, and which assets saw losses today? We have a summary for you! headlines: BusinessNZ Services Index in…

  • Daily Broad Market Recap – July 11, 2024

    US inflation was at the forefront of attention on Thursday, with major assets trading mixed ahead of the report and then taking their cues from the report during the US session. How did the markets behave yesterday? Our headlines and charts: headlines: The Melbourne Institute’s inflation forecast has been cut…

  • Daily Broad Market Recap – July 10, 2024

    Risk-on sentiment appears to be in place in financial markets, with stocks and commodities closing higher while bond yields and the dollar took a hit. What is driving these asset classes lately? Here are the market updates you need to know: headlines: China’s core CPI slowed to 0.2% in June…

  • Daily Broad Market Recap – July 9, 2024

    Traders continued to watch Fed Chair Jerome Powell’s testimony, but did the event move the markets that much? Here’s how asset classes are reacting, plus other economic updates you need to know: headlines: NAB Australia’s business confidence index improved from -2 to +4 in June Japan’s initial machine tool orders…

  • Daily Broad Market Recap – July 8, 2024

    Dollar dominance was the name of the game on Monday as riskier assets like gold and crude oil took major hits. What’s moving the markets these days? Here are the updates you need to know: headlines: French early elections It ended with a hung parliament between three opposition parties. Japan’s…

  • Daily Broad Market Recap – July 4, 2024

    No traders in the US session? No problem! Global stocks and commodities made big moves over the Fourth of July holiday, as the spotlight turned to political headlines. Crude oil prices rose to their highest level in about two months, while European stocks made good gains thanks to the results…