Category: September
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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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Economic calendar Asia Thursday, September 26: Bank of Japan meeting minutes, RBA info too
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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 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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Post-Fed struggles see the dollar as the laggard in September trading
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Here’s an overview of how major currencies have moved against the US dollar since the start of the month, what happened after last week’s Fed decision, and what other major central banks did during the month. With the exception of the yen, the dollar weakened significantly against the rest of…
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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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U.S. Flash PMIs Show Slower Hiring And Rising Inflation In September
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Data from S&P Global showed the gap in growth between the manufacturing and services sectors continued in September. flash manufacturing Purchasing Managers’ Index for September: 47.0 (Expected 48.6, down from 48.0 to 47.9) flash Services Purchasing Managers’ Index for September: 55.4 (55.3 forecast, 55.7 previously) producer of goods Manufacturing sector…
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France September flash services PMI 48.3 vs 52.5 expected
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Previous 55.0 Manufacturing PMI 44.0 vs. 44.3 expected Previous 43.9 Composite PMI 47.4 vs. 50.6 expected Previous 53.1 Ah. The August jump was largely expected to be a one-off amid increased demand from the Paris Olympics. But it faded very quickly with little spillover into September. The headline reading is…
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France September flash services PMI 48.3 vs 52.5 expected
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Previous 55.0 Manufacturing PMI 44.0 vs. 44.3 expected Previous 43.9 Composite PMI 47.4 vs. 50.6 expected Previous 53.1 Ah. The August jump was largely expected to be a one-off amid increased demand from the Paris Olympics. But it faded very quickly with little spillover into September. The headline reading is…
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Monday morning open levels – indicative forex prices – 23 September 2024
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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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Weekly Market Outlook (23-27 September)
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Upcoming Events: Monday: Japan on holiday, Australia/Eurozone/UK/US spot PMIs. Tuesday: Japan PMI, RBA Monetary Policy Decision, German IFO, US Consumer Confidence. Wednesday:Australia Monthly Consumer Price Index. Thursday:SNB Monetary Policy Decision, US Durable Goods Orders, US Q2 Final GDP, US Unemployment Claims. FridayTokyo CPI, Canada GDP, US Personal Spending Index. Monday…
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Weekly Market Outlook (23-27 September)
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Upcoming Events: Monday: Japan on holiday, Australia/Eurozone/UK/US spot PMIs. Tuesday: Japan PMI, RBA Monetary Policy Decision, German IFO, US Consumer Confidence. Wednesday:Australia Monthly Consumer Price Index. Thursday:SNB Monetary Policy Decision, US Durable Goods Orders, US Q2 Final GDP, US Unemployment Claims. FridayTokyo CPI, Canada GDP, US Personal Spending Index. Monday…
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Here’s Why A Green September Close Is Important For The Bitcoin Price
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This article is also available in Spanish. Bitcoin now Show upward price action This has sparked optimism among cryptocurrency investors. The cryptocurrency recently crossed the psychological $60,000 price barrier after three weeks of acting as a fearsome resistance level. Since breaking $60,000, Bitcoin has continued to rise, gaining 9.8% in…
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Here’s Why A Green September Close Is Important For The Bitcoin Price
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This article is also available in Spanish. Bitcoin now Show upward price action This has sparked optimism among cryptocurrency investors. The cryptocurrency recently crossed the psychological $60,000 price barrier after three weeks of acting as a fearsome resistance level. Since breaking $60,000, Bitcoin has continued to rise, gaining 9.8% in…
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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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Binance Founder CZ To Be Released From Prison On September 29
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Image: cryptoslate.com The cryptocurrency world is abuzz with news that… Changpeng “Czechoslovakia” ZhaoThe founder and former CEO of Binance is set to be released from prison on September 29, 2024. This highly anticipated event marks the culmination of a legal saga that has captivated the industry over the past several…
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Binance Founder CZ To Be Released From Prison On September 29
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Image: cryptoslate.com The cryptocurrency world is abuzz with news that… Changpeng “Czechoslovakia” ZhaoThe founder and former CEO of Binance is set to be released from prison on September 29, 2024. This highly anticipated event marks the culmination of a legal saga that has captivated the industry over the past several…