Market News
The latest news impacting economies, business, and finance around the world, specifically curated to focus on currency markets.
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Latest Analysis
Latest Analysis
Payrolls Smash Forecasts, Propelling Dollar Higher
04 October, 2024
The US job creation engine snapped back into high gear in September, crushing odds on a second outsized rate cut at the Federal Reserve’s November meeting. According to data just released by the Bureau...
Caution Grows as Payrolls Loom
04 October, 2024
Traders are signing pre-nuptial agreements with their positions this morning, avoiding exposure to downside risk ahead of a potentially-pivotal non-farm payrolls report. The dollar’s gains are slowing...
AUD/NZD: RBNZ needs to get moving
03 October, 2024
The NZD’s revival against the AUD, which washed through from end-July to mid-September on the back of stronger dairy prices (NZ’s major export) at the start of the new season and concerns about China’s...
Middle East nerves
03 October, 2024
• Oil spike. Comments by US President Biden relating to the Middle East conflict pushed up oil. Shaky risk sentiment supported the USD. AUD a bit lower.• GBP weaker. Dovish BoE rhetoric weighed on GBP....
Dollar Keeps Climbing the 'Wall of Worry'
03 October, 2024
The dollar is holding near a two-week high, boosted by safe haven demand and a diminishing sense of conviction in a steep rate-cutting cycle from the Federal Reserve.
Oil prices are still grinding higher...
Middle East Turmoil Keeps Markets In Risk-Off Mode
02 October, 2024
Fear levels are subsiding across global financial markets after Iran launched at least 180 ballistic missiles at Israel yesterday without inflicting large numbers of casualties or causing significant damage...
Middle East tensions rock the boat
01 October, 2024
• Geopolitics. Developments in the Middle East dampened sentiment. Equities & bond yields declined. USD a little firmer. AUD modestly lower.• Oil & vol. Brent crude prices increased, but now look...
US Fed remains data dependent
30 September, 2024
• China focus. The surge in China’s equity market continued yesterday. Iron ore prices also higher. This helped the AUD add to recent gains.• Fed Chair. US yields & the USD clawed back some ground...
Will the US jobs market continue to buckle?
29 September, 2024
• Mixed markets. Equities in China continue to power ahead, while lower inflation weighed on European/US bond yields. USD near 2024 lows.• AUD holding. AUD remains near the top of the range it has occupied...
US Inflation Subsides and Canadian Economy Flatlines
27 September, 2024
The Federal Reserve’s preferred inflation measure continued its moderation in August and personal spending missed expectations, helping bolster bets on a second consecutive oversized rate cut at the central...