Category: Recap
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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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Japan August data shows a big miss for both exports and imports – recap
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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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…
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Daily Broad Market Recap – September 9, 2024
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No big data? No problem! Pullbacks from the previous week’s moves and positioning ahead of potential market moves this week sent traders pushing major assets all over the charts on Monday. What headlines dominated the market’s price action anyway? Let’s take a look at them: Headlines: Japanese bank loans Growth…
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Daily Broad Market Recap – September 5, 2024
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Global assets returned to trading everywhere on Thursday, as individual catalysts pushed them higher. In the US, mixed labor market updates led to a volatile trading environment and ultimately a weaker US dollar. How did your favorite assets trade yesterday? We have the details! Headlines: Average cash income in Japan…
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Daily Broad Market Recap – September 4, 2024
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Market correlations were out of sync on Wednesday, as major asset classes appeared to respond to their individual catalysts. Forex price action was mostly chaotic as well, although the US dollar was generally weaker throughout the day. Here are the latest economic updates and headlines that pushed markets higher: Headlines:…
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Daily Broad Market Recap – September 3, 2024
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The return of US and Canadian traders directly from the Labor Day holiday has brought a surge of volatility to financial markets. How did the major asset classes perform? Find out the latest economic updates and market headlines that drove prices higher: Headlines: Australia’s current account deficit The deficit widened…
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Daily Broad Market Recap – September 2, 2024
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US and Canadian traders were enjoying the Labor Day holiday on Monday, but that didn’t stop global markets from making big moves! Crude oil saw a wave of volatility, falling sharply over the weekend, but eventually rallied to close in the green. Check out the headlines that drove the rest…
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Global Market Weekly Recap: August 26 – 30, 2024
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Major assets were all over the place this week as traders tried to balance a massive load of news and data, and based on the results, it appears they put a little more weight on individual asset catalysts over overall market sentiment drivers. Middle East tensions and Libyan supply concerns…