Catch up on the latest trends and updates in the financial and forex markets with our daily blog posts. We break down key movements, currency changes, and market shifts, giving you a clear picture of what's happening in real-time. Stay on top of the news and get the info you need to make smart financial decisions.
A cautious start to the trading week, as markets look forward to US Labour Market data and fears of a government shutdown in the US grow. The US labour market will be under consideration all week, with a series of data drops, culminating in the all-important Non-Farm Payroll number.
Read more →The US PCE inflation indicator, which is the Fed’s preferred measure of inflation in the US economy, was in line with expectations. This number was released Friday, following the extremely strong GDP growth number, which will alleviate fears of inflationary pressures and allow further rate cuts.
Read more →US GDP data confirmed a strong surge in US economic growth, with a reading of 2.1% for Q2, giving an annualised number of 3.8%. This is a massive turnaround from only a month of two ago. The US economy is running hot, now that global trade is now completely realigned.
Read more →European and US equity markets continued to drift lower, off record highs, reflecting soft economic data points. European and US PMI data was softer than expected and inflation remains stubbornly high, preventing further downward pressure on interest rates.
Read more →US equity markets retraced off record highs, taking a breather, or perhaps recognising ‘too late’ Powells warnings that the US share markets are overvalued? The USD Current Account contracted by the largest amount in US history, as imports crashed.
Read more →US equity markets continue to rally to new record highs, supported at long last, by the Fed’s monetary policy. The cut last week and the signal of more to come, have lit a fire under the US share markets. In contrast, the Peoples Bank of China left rates unchanged, cruising along.
Read more →Equity markets closed out a strong week of gains last Friday, following the much anticipated rate cut, by the Federal Reserve. The real injection of confidence came from the Fed’s projected pathway forward, with three more rate cuts, scheduled for this year.
Read more →The exuberance following the Fed’s rate cut and three further projected rate cuts, this year, mellowed in markets overnight. US Bond Yields returned to previous levels and the US Dollar rebounded strongly.
Read more →The Fed cut rates 25 basis points, in line with expectations, and signalled there would be two more rate cuts this year. This was enough to trigger a big rally on Wall Street, with equities surging and bond yields tumbling.
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