Forex

Jobs Jolt

It was a jobs report and it stoppeth one of three. Job openings in the US fell below 10m for the first time in almost two years. But at 9.93m, down 632k from January, we are not talking about an economy suddenly lacking in capacity. It was the first of three jobs reports this week – the ADP is today and the all-important nonfarms is on Friday. US indices declined along with the dollar and yields as investors seem to say that this was a sign that Fed hikes were having an impact.

Week ahead: RBA-RBNZ divergence plus US nonfarm payrolls

Central banks are back in action this week with the Reserve Bank of Australia and Reserve Bank of New Zealand – one set to pause and the other likely to hike.

Fear and Loathing in Banking and Markets

It’s been quite a week, but we are not out the woods, albeit things look a fair bit calmer today than they did Wednesday. Volatility was well and truly back: the biggest moves in 2yr Treasury markets since 1987 and the MOVE bond volatility index hit its highest since 2008. The VIX rose to its highest since October. As a good barometer of the week, the VIXX earlier this week touched 28 but is back under 23 this morning. Expectations for the Fed next week have come full circle – some even talked about a cut amid the turmoil of Wednesday, but it looks as though they will stick to their guns at 25bps, taking the cue from the ECB.

Stocks Slip in Muted Trade, Debt Ceiling in Focus

European stocks down, US debt concerns rise, mixed data & policymakers' uncertainty, Airbnb Q1 Earnings & BoE rate moves.

European Shares Tentatively higher, Dollar Hits 5-week high

European and Asian stocks up. Turkey tumbles as election uncertainty looms. Dollar at 5-week high. Inflation expectations decoupling from reality; how will central banks respond? Get the latest at markets.com.

PMI Day: Rates Rise, Stocks Stalled

Tesla rallying, deep fake pentagon explosion causes brief panic, mixed markets as debt ceiling talks continue, should we brace for more rate hikes across the board? Keep up to date with markets.com.

Week ahead: OPEC+ meets, RBA & BoC with possible hikes

OPEC+ meets on Sunday June 4th, setting the tone for the energy markets over the next week.

Shares Tread Water as Bank of Canada Decision Reignites Federal Reserve Chat

Mixed European equity contrasts with Japan's robust GDP, Wall Street stumbles, more debate over the effects of AI and central bank hikes likely for Canada and the US. Potential economic turbulence ahead? Stay up to date with markets.com.

Stocks Chop Ahead of Major Central Bank Week

Europe subdued, Wall Street flourishes with Nasdaq regaining momentum. Dollar sinks, metals shine. Central banks now in focus. What’s next? Stay updated at markets.com.

Week ahead: Fed to press play, skip or pause?

Federal Reserve, European Central Bank and Bank of Japan rate decisions due this week.

Stocks Tick Up Ahead of Key Central Bank Decisions

Oil slipping as Iran nuclear deal talks commence, Nasdaq and Wall Street doing well, Europe regaining losses. The market awaits inflation data and central bank decisions. What’s next? Stay updated at markets.com.

Gilt Yields Jump, BoE Faces Stern Test

Europe higher as Wall Street has its best close in a year; SPX 20% above lows. Fed meetings start today with CPI as a focal point. Will hikes continue? Stay updated at markets.com.

Fed Day

Trump and Boris under fire, Federal Reserve meeting after CPI data, Tesla surges with its longest streak yet, oil firms as peak demand approaches. Stay updated with markets.com.

The Fed Skipped, the ECB Will Hike

Fed skips? ECB to hike. China's first rate cut in 10 months. Wall Street mixed. Boris lies to parliament. We Soda ditches IPO. Turbulent times indeed. More at markets.com.

CBs Diverging

European stocks rally, Wall Street stays strong. Tesco takes a hit, ITV eyes takeover. Central banks diverging as the Fed becomes cautious and the ECB hawkish. What’s next? Stay updated at markets.com.

Week ahead: Bank of England to hike in face of inflation wage price spiral nightmare

The Bank of England is widely anticipated to raise interest rates once again, a day after inflation figures for the UK are set to show persistent price pressures.

Out of Control

UK core inflation soars, Sterling stumbles, gilt yields hit 15-year high. Asian stocks mixed, Nikkei rallies. European & US markets soften. Eyes on Bank of England now. Stay up to date with markets.com.

Can We Stop Talking About the Bank of England?

Stocks slide in early trade, FTSE 100 & DAX down over 1%. BoE faces critical decision on rates. Fed's next move uncertain after recent hike pause. What’s in store? Stay tuned at markets.com.

Stocks Slip to End Downbeat Week

Europe on the sidelines, while Wall Street rallies, Nasdaq taking the lead. Dollar plunges, precious metals in the spotlight. All eyes on central banks' next moves. Stay in the loop at markets.com.

Week ahead: Key global inflation reports due

Australian, Japanese and German CPI inflation reports come ahead of the US PCE index.

Stocks weighed down, inflation releases ahead

Stocks weighed down, inflation releases ahead

Stocks firmer but choppy

Stocks firmer, investors hope for China stimulus

Stocks firmer, Central bankers in focus at Sintra, YEN intervention coming

Stocks firmer, central bankers in focus at Sintra, yen intervention coming. USDJPY breaches 144, close to BoJ intervention. Stocks higher again after breaking a 6-day losing streak.

Chop chop as central bankers dole out higher for longer message

Stocks drift on central bank comments. Sterling cracks on stagflation fears. US weekly unemployment claims due up.

Week ahead: Can anything keep the US jobs market down?

US jobs report key to market sentiment and RBA to pause rate hike cycle?

China data weaker

Stocks head for strong YTD gains at end of second quarter - FTSE 100 basically unchanged, DAX +15%, CAC +14%, S&P 500 +15%, Dow +3%, Nasdaq +30%, Nikkei +27%.

The year so far

Stocks start the second half on the front foot after the Nasdaq notches its best first half performance in 40 years

Stocks steady for July 4th; RBA pauses

European stocks steady with US closed for July 4th holiday; RBA pauses and Sainsbury’s points to falling inflation

Week ahead: US and China inflation data on watch

Inflation reports from China and the US key drivers for macro sentiment

China heads for deflation

Stocks were out of the gates with flat feet on Monday after some soft Chinese inflation numbers

Sterling hits 15-month high on UK wage growth

Sterling rallies to its highest in 15 months against a broadly softer US dollar as wage data firms

Stocks positive ahead of US inflation report

GBPUSD is higher again this morning, touching 1.29690, a new 15-month high. US CPI expected to slow to two-year low 3.1% from 4.0% in May. The Nasdaq 100 to undergo special rebalancing because a handful of big tech stocks have got too big

Bulls are running

Stocks hold gains after US inflation hits two-year low, DXY sinks under 100 as yields plunge

Week ahead: Tesla, Netflix top Wall Street earnings bill

Earnings season gets into full stride on Wall Street with reports from Tesla and Netflix among the highlights.

Inflation slain

European shares tread water after Wall Street posts fourth straight day of gains as inflation cools

Week ahead: Fed, ECB & BoJ in action

Traders brace for a huge week for central banks as the Federal Reserve, European Central Bank and Bank of Japan meet to set interest rates.

Stocks falter after US tech retreats

Stocks are mixed in Europe with the FTSE higher but DAX lower after a sharp correction for US tech

Week ahead: Bank of England & RBA expected to raise

Bank of England, RBA, NFP among the macro highlights; Apple anchors another busy week for earnings on Wall Street

Week ahead: A Retail Rundown

Stay tuned for key rate decisions and data amongst big hitters like Home Depot and Walmart.

Week ahead: AI Earnings and Deep Data

NVIDIA and Baidu earnings alongside big data releases globally this week.

Rates Still Key Focus

Market Updates: US rates rise, yield curve warns, Japan's YCC shift, Nvidia boosts Nasdaq, Europe gains, deals: Ubisoft, Arm, dollar weakens, yen stabilizes. What’s next? Stay updated at markets.com.

Eyes on Nvidia, Jackson Hole

Market Updates: European stocks stagnant, Nvidia eyed, Jackson Hole: US stable, ECB stagflation concerns continue. What’s next? Stay updated at markets.com.

Stocks firmer after NVDA bosses it, central banks seen near the end

The AI boom is in full swing, with Nvidia's revenues doubling, surpassing expectations at $13.5bn. They anticipate growth of 170%, expecting $16bn next quarter. EURUSD – bounced clean off the 200-day line at 1.08 where there is also near-term trend support.

We've Gone into an Inflationary Paradigm by Mistake

Powell addresses global economy's structural shifts. ECB's Lagarde signals lasting economic instability. Trade changes affect currency dominance, alliances. US sanctions might weaken dollar's hegemony. Tech stocks fluctuate; dollar gains momentum.

Week ahead: US inflation and jobs data centre stage

Global inflation figures, US employment data and China’s economy activity reports will be the key events this week.

A load of Bullock (Dept Gov, RBA)

RBA's Bullock ties climate change to inflation. September typically poor for equities; recent downturns. Asian shares up due to Beijing's measures. Inflation data, US house price & jobs in focus. US labour market remains strong; wage growth up.

US Jobs + German Inflation Pushing Bonds Around

Equity markets rise with positive indicators. Tech stocks rebound; Nvidia partnership with Google. US jobs data weaker than expected. ECB may hike rates; Fed may pause. Oil prices increase as Hurricane Idalia looms.

Incoming RBA governor Bullock warns climate change might light fire under interest rates, markets and AUD rate largely unaffected

Incoming RBA Governor Michelle Bullock has warned that climate change might affect central bank policy, but the AUD/USD exchange rate has barely changed on the news.

August ends solid enough as traders bet on soft landing, inflation in focus

Wall Street faces uncertain September returns. Global stocks show mixed performance trends. US economic outlook: potential Fed pause. Global inflation rates influence rate hikes. Analysts divided on Tesla, bullish Apple.

Jobs Report in Focus

US jobs report is in the spotlight, with early data suggesting a potential labor market slowdown. Signs point towards possible halts in the Fed's rate hikes. Yesterday's PCE number showed +0.2% month-over-month, with core PCE at 4.2% annually

Week ahead: Markets about to hit September turbulence?

RBA, BOC and China inflation data among the key events this week

The Pendulum Swings: Stocks Higher on Better Risk Sentiment Following NFP Report

European stocks greener after US jobs report. China stimulates property, boosts Asian sentiment. US labour market's mixed signals to Fed. Central banks assessing rate hikes, inflation. Focus on China's economic data, policy.

Equity bleed Continues, China Data Weighs, RBA Holds, ECB in a Quandary

European stocks dipped early, with Stoxx 600, DAX, and FTSE 100 down about 0.6%. The CAC40 declined 1% due to the luxury sector's woes from weakening Chinese data.

U.S. dollar strengthens on weak global activity data figures, Aussie slips as RBA rules to keep rates unchanged

The U.S. dollar strengthened on Tuesday on weak economic data from China, while the AUD retreated after an RBA decision to keep interest rates unchanged.

Stocks Lower as German and Chinese Data Weigh After US ISM Inflation Scare

Stock markets slipped across Europe again early on Thursday, with the FTSE 100 heading for a fourth straight day of losses as yet the irresistible force of stronger US services data (implying higher for longer rates) ran into rather more movable object of more soft China data (implying a weaker growth outlook).

EUR/USD forecast: Euro hovers at lowest level in three months ahead of ECB interest rate decision

Analysts were split in their euro forecasts as the EUR/USD retreated to the $1.07 level — its lowest in three months — ahead of a ECB monetary policy meeting next week.

European Shares Try to Snap 7-day Losing Streak, Apple Concerns Weigh on US

Shares in European were trying to break a seven-day losing streak early in Friday trade, with the Stoxx 600 moving tentatively higher and London, Frankfurt and Paris making gains of around 0.3%. The seven-day run of losses is the worst for the Stoxx 600.

Week ahead: ECB set to hike?

The European Central Bank (ECB) convenes to determine whether it should raise interest rates again or hold fire in the face of weakening economic activity in the Eurozone.

GBP/USD forecast: Pound sterling slides as BoE casts doubts on upcoming interest rate hikes

Cable traded below $1.25 on dovish remarks from BoE officials ahead of the interest rate decision next week, but the GBP/USD forecast was largely bullish.

Miners and Housebuilders Lead FTSE 100 as China Inflation Picks Up

Stocks up amid eased Chinese deflation. Miners, housebuilders lead UK market. Global currencies and commodities fluctuate. ECB contemplates additional rate hike. Stagflation concerns rise globally.

USD/JPY forecast: Yen soars on BoJ's hawkish comments

The dollar to yen rate fell on Monday as BoJ Governor Ueda took a hawkish tone. Analysts see further yen strength in their USD/JPY forecasts.

FTSE Outperforms, Smurfit Plunges on WestRock Takeover, & MS BS on TS(LA)

Smurfit Kappa (SKG) plans to acquire U.S peer WestRock, causing a notable change in their share prices. The merger will create Smurfit WestRock, holding 20% market share in Europe and North America with $34bn combined revenues.

Stocks wobble ahead of US inflation, Looney tunes out of BP

US tech stocks, oil influence markets. BP CEO exits, strategy scrutinized. Oracle declines, Apple remains strong. Tight oil supply spikes inflation. Mixed economic forecasts affect currencies

Stocks mixed ahead of ECB

Stocks up amid eased Chinese deflation. Miners, housebuilders lead UK market. Global currencies and commodities fluctuate. ECB contemplates additional rate hike. Stagflation concerns rise globally.

EUR/USD forecast: Euro slides after ECB raises interest rates

The ECB’s decision to raise rates on Thursday led to a decline in the euro to dollar rate, with analysts revising their EUR/USD forecasts downward on dovish expectations.

FTSE 100 Aims Best Week in 10 Months

ECB ends hiking cycle; markets react. Mixed trends in stocks and commodities. Arm shares skyrocket in NY debut. ECB signals cautious economic outlook. China's economic data exceeds expectations.

Week ahead: Fed pause, BoE hike, BoJ surprise?

Federal Reserve, Bank of England, Bank of Japan and Swiss National Bank in action in key week for central banks.

USD forecast: Dollar gears up for next week’s Fed meeting

European stocks cautious ahead of key central bank decisions

European stocks dip; central meetings awaited. Fed likely to pause; eyes on plot. August's CPI rise fuels inflation debate. Fed grapples with financial conditions easing. Global central banks: diverse strategies anticipated.

GBP/USD forecast: BoE hike expected on Thursday

Analysts are largely negative on the pound in their GBP/USD forecasts ahead of the BoE meeting on Thursday.

Stocks in pre-Fed funk, oil cranks up

Pre-Fed funk grips global markets. Oil prices surge; Saudi seeks stability. Markets eye EZ, Canadian inflation data. Kingfisher and Ocado navigate market fluctuations. Apple launch thrives; BIS warns investors.

USD forecast: Dollar index steady at 105 heading into Fed

With a pause in hikes expected at the Wednesday FOMC meeting, analyst USD forecasts mostly pointed to the currency depending on hints of future Fed moves.

UK Inflation Cools

European markets mixed before Fed decision. UK inflation dips unexpectedly before BoE. FTSE rallies, Sterling hits May low. Oil prices drop, Treasury yields high. FOMC likely to hold interest rates.

AUD forecast: Aussie stable, shrugs off RBA minutes

The Australian dollar edged up slightly on Tuesday, as the currency awaited the Fed decision. AUD forecasts saw potential upward dynamic for the Aussie.

USD forecast: Dollar strengthens on Fed’s hawkish pause

With the Fed announcing an expected pause on Wednesday but leaving the door open for future hikes, USD forecasts may see further upside.

BoE – another hawkish hold?

Rates held at 5.25%, bringing an end to the succession of rate hikes going back to Nov ‘21 QT of £100bn. I don’t know if we categorise this as a hawkish hold – what's appears clear is that the BoE saw the CPI print coupled with soft growth figures and thought it’s enough to warrant holding fire for the time being.

Yen forecast: USD/JPY slides on Fed’s “hawkish skip”

The Fed’s “hawkish skip” has sent the USD/JPY rate to a 10-month low, and all eyes are on the BoJ tomorrow to yen forecast

GBP forecast: Pound at six-month lows as BoE pauses hikes

The BoE has halted its rate hike cycle, sending the pound to six-month lows and indicating potential downside revisions to analysts’ GBP forecasts.

Stocks Retreat as Yields Climb

Bond yields surge, stocks under pressure. European stocks dip; Wall Street struggles. BoJ unchanged, inflation concerns rise. European economic indicators slide. Crude oil stabilizes.

Week ahead: Biden impeachment & US govt shutdown looms

US political events loom large amid a possible government shutdown and President Biden’s impeachment hearings

Euro forecast: Weak PMIs sink EUR to 6-month lows

Weak PMI data in the Eurozone has further dented the bloc’s currency, with the euro forecast likely being dominated by the dollar going forward.

GBP forecast: PMIs put more pressure on pound

GBP forecasts were revised to the downside as pound sterling continued its slide on weak PMI data. Mounting evidence points to a BoE pause in November.

Yen forecast: No-surprises BoJ meeting sends USDJPY to 148

Following the BoJ’s uneventful meeting on Friday, most analysts have remained bearish on the Japanese currency in their yen forecasts.

More of the Same

European equity starts flat to negative. Central banks signal prolonged high rates. Asia faces fiscal and monetary challenges. Japan’s BoJ undecided on policy change. Oil futures rise, Cable at lows.

Bonds, stocks fall, dollar bid

European stocks continue to fall. US 10yr yield hits 16-year peak. Evergrande shares plummet, miss debt payment. Potential US government shutdown looms. Asos profits at lower end, shares fall.

USD forecast: Dollar hovers at 10-month highs

The U.S. Dollar index remained stable around 106 on Tuesday, maintaining its highest levels in ten months as it followed the upward trend in US Treasury yields.

GBP forecast: Cable heads for worst month since mini-budget

Cable slid below $1.22 on continued USD strength and weak PMI data, with analysts mostly bearish on sterling in their GBP forecasts.

Euro forecast: EURUSD clings to 1.06 as dollar rally pauses

URUSD has fallen below $1.06 on pressure from the U.S. dollar, with analysts’ euro forecasts indicating potential short-term downside risks.

Stocks flat in Europe after Wall Street dip, oil firmer, pound struggles

European markets unsteady, German confidence falls. UK approves North Sea oil bids. ECB and JPM discuss peak rates. US stocks tumble, technical support breaks. US dollar rises, Asian profits up.

Yen forecast: USDJPY at 11-month lows, breaches 149 mark

USDJPY hit 11-month highs in trading on Tuesday, with yen forecasts saying the Bank of Japan may soon intervene to end yen weakness.

Rates Whirlwind

US 10yr Treasury yield hits high. Stocks volatile, potential further drawdown. European stocks bearish, US claims lower. Dollar trades lower, DXY gains weekly. Oil prices soar, government shutdown looms

Euro forecast: EURUSD at 2023 lows, trading around 1.05

As EURUSD hovers around $1.05 on pressure from the U.S. dollar, analysts’ euro forecasts are indicating the currency may slip further.

Messy September Comes to a Close

Stocks rally despite spiking Treasury yields. Long rates rise: US, Italy affected. Evergrande halts, Nike revenue falls short. Hong Kong jumps, Nasdaq and S&P rise. FTSE 100 rallies, dollar and oil up.

Week ahead: Markets face US labour market test

US nonfarm payrolls, RBA and RBNZ meetings, China PMIs in focus

Stocks Firm as US Avoids Shutdown, Yen Heads for 150

European stocks rise, US avoids shutdown. US inflation cools; rate hikes pause. US Congress avoids federal shutdown. China's factory activity shows expansion. Japan’s manufacturers’ sentiment increases

USD forecast: Shutdown averted, dollar stays steady

With U.S legislators coming through with a last-minute deal to avoid a government shutdown, DXY traded around the 106 mark on Monday. USD forecasts mostly leaned towards strength.

Euro forecast: EURUSD may test 1.05 due to dollar strength

The EURUSD pair may retest the $1.05 level at some point this week due to ongoing vulnerability, according to analysts’ euro forecasts.

Yen forecast: 150 in sight for USDJPY as stocks soar

Yen forecast: 150 in sight for USDJPY as stocks soar

Yields Continue to Drive the Action

European markets mixed; Hong Kong declines. US 10yr yield reaches 16-year high. Fed representatives discuss rate adjustments. Australia's Bank considers rate hikes. Boohoo's shares drop; revenues down 17%.