Category: Recap
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Daily Broad Market Recap – August 29, 2024
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Financial markets have been eagerly awaiting the release of the preliminary US GDP data for most of the day, and the numbers did not disappoint! Upgrades to growth and inflation figures were announced, sparking risk-on flows and some gains for Treasury yields and the dollar as well. Read on for…
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Daily Broad Market Recap – August 28, 2024
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The lack of major data has kept traders focused on overall risk sentiment and positions ahead of this week’s expected data releases. Commodities such as gold and oil continued to decline, while the US dollar gained against most of its peers. Find out what headlines are making waves among major…
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Daily Broad Market Recap – August 28, 2024
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The lack of major data has kept traders focused on overall risk sentiment and positions ahead of this week’s expected data releases. Commodities such as gold and oil continued to decline, while the US dollar gained against most of its peers. Find out what headlines are making waves among major…
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Daily Broad Market Recap – August 27, 2024
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No data? No problem! With not much significant data scheduled to be released, traders turned to market themes yesterday and priced in their biases for the upcoming reports due later this week. How did you trade your favorite assets anyway? Headlines: Bank of Japan Core CPI Growth slowed from 2.1%…
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Daily Broad Market Recap – August 26, 2024
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Markets started the week on a quiet note as traders remained on the sidelines waiting for potential catalysts this week. But crude oil was an exception, crude oil prices went up and haven’t looked back! Find out what market topics moved the markets on Monday: Headlines: Over the weekend, Israel…
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Global Market Weekly Recap: August 19 – 23, 2024
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While most market participants were preoccupied with the FOMC minutes and expectations of Powell’s testimony at the Jackson Hole Symposium, commodities like gold and crude oil also responded to their own set of catalysts. Geopolitical headlines and global growth concerns led the energy commodity mostly lower during the first half…
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Daily Broad Market Recap – August 22, 2024
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Profit-taking was the name of the game on Thursday as major assets reversed their trends for the week ahead of Powell’s keynote speech on Friday. Spot gold and the S&P 500 continued to trade lower near record highs, while U.S. bond yields and the U.S. dollar recovered despite mixed U.S.…
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Daily Broad Market Recap – August 21, 2024
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Just when the US dollar seemed to be in recovery mode, it posted another day in the red thanks to two major catalysts. How did the rest of the markets perform? Here are the top economic headlines and updates you need to know: Headlines: Japan’s trade deficit in July The…
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Daily Broad Market Recap – August 20, 2024
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Risk aversion has returned to the markets in recent trading sessions, sending stock indices lower again and pushing gold to test record highs. However, the US dollar failed to make safe-haven gains, as the greenback fell to its lowest level in a year. Check out these headlines and economic updates…
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Daily Broad Market Recap – August 19, 2024
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Market participants appear to have woken up on the right side of the bed this week, as the risk-on mood led to strong gains for stocks and high-yielding currencies on Monday. How did the rest of the asset classes perform? Let’s take a look at the latest headlines and market…
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Daily Broad Market Recap – August 19, 2024
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Market participants appear to have woken up on the right side of the bed this week, as the risk-on mood led to strong gains for stocks and high-yielding currencies on Monday. How did the rest of the asset classes perform? Let’s take a look at the latest headlines and market…
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Daily Broad Market Recap – August 15, 2024
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Dollar dominance was the name of the game after the US posted strong retail sales numbers. How did the rest of the currencies and asset classes perform? Let’s discuss the headlines: Headlines: Australia MI July inflation expectations rise to 4.5% from 4.3% The Australian economy added 58.2 thousand jobs in…
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Daily Broad Market Recap – August 14, 2024
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The Reserve Bank of New Zealand stole the show early today with a surprise interest rate cut, but data from the UK and US quickly drew attention to other market themes. How did your favorite assets trade on Wednesday? Let’s discuss the headlines: Headlines: The Reserve Bank of New Zealand…
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Daily Broad Market Recap – August 13, 2024
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Easing producer price pressures in the United States have fueled speculation of a Federal Reserve rate cut and encouraged risk-taking in markets. How did your favorite assets trade on Tuesday? Let’s take a look at the headlines that highlighted it: Headlines: Westpac: Consumer sentiment in Australia The index improved from…
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Daily Broad Market Recap – August 12, 2024
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Market price action was mixed at the start of the week, with some traders standing on the sidelines ahead of this week’s data releases while others factored in rising tensions in the Middle East. What assets are you watching closely that have seen increased volatility and price trends? We’re breaking…
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Global Market Weekly Recap: August 5 – 9, 2024
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Risk sentiment was one of the main driving forces behind price action for most of the week, although there were instances where some asset classes and major currencies deviated from the group. On the other hand, central bank events and high-profile economic updates highlighted divergences in interest rate expectations, spurring…
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Daily Broad Market Recap – August 8, 2024
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Markets have been pricing in recession fears, sending prices of several major assets higher on Thursday. What headlines helped boost market sentiment yesterday? We break them down for you: Headlines: RICS: Scale UK house prices rise It reached -19% in July, which is more negative than the -17% reading in…
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Daily Broad Market Recap – August 7, 2024
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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…
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Daily Broad Market Recap – August 6, 2024
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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…
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Daily Broad Market Recap – August 5, 2024
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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…