Global Market Insights - Forex, Futures, Stocks

Send us Fan Mail Markets have been left somewhat bruised from a fresh round of hawkish gunfire from central bank chiefs so nerves are running high ahead of the June jobs report out of America. The ISM PMIs and the Fed meeting minutes are also expected to send speculation about a July rate hike into overdrive. However, Australia’s Reserve Bank might decide against raising interest rates thrice in a...

Send us Fan Mail Dollar gains as Powell hints at more than one additional hike. BoJ’s Ueda says there is “distance to go” before shifting policy. S&P 500 and Dow Jones slide on Powell’s comments. Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Ris...

Send us Fan Mail Euro rebounds as ECB officials appear in hawkish suits. Yen extends slide, despite new intervention warnings. Loonie and aussie slide on lower-than-expected CPI data. Wall Street gains on upbeat US data. Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply. Please consider our Risk Disclosure: https://www.xm.com...

Send us Fan Mail Yen gets hit by another selling wave, retests its multi-year lows. Dollar slightly softer ahead of US releases, euro capitalizes. Tech stocks encounter some profit-taking, ECB forum begins. Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en...

Send us Fan Mail Armed mutiny in Russia ends peacefully, but gold trades quietly. Yen remains close to its recent lows despite hawkish BoJ signals. Euro loses ground after soft business surveys, stocks drift lower. Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply. Please consider our Risk Disclosure: https://www.xm.com/goto/...

Send us Fan Mail Recession fears heightened after BoE surprises with 50-bps hike, Eurozone PMIs disappoint. Hawkish Fed commentary further underscores need for more central bank tightening. Dollar advances as pound and euro slide, Wall Street heads for rare weekly loss. Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply. Pleas...

Send us Fan Mail With all the major central bank decisions behind us, the spotlight next week will turn to another round of inflation releases. The euro has been riding high lately, but whether it still has miles left in the tank will depend on what the inflation outlook spells for ECB policy. Meanwhile, the yen has been demolished and since FX intervention seems unlikely, it might take an acceler...

Send us Fan Mail Powell signals more hikes but fails to convince dollar bulls. BoE meets with investors split between a 25 and 50bps hike. Wall Street pulls back, Bitcoin extends rally. Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is corre...

Send us Fan Mail Dollar gains as housing starts surge. Focus turns to Fed Chair Powell’s testimony. UK CPIs increase chances for a 50bps hike by the BoE. Wall Street tumbles as Powell’s testimony looms. Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk...

Send us Fan Mail China rate cut unable to lift market mood as doubts grow about economy. Wall Street futures struggle ahead of Powell testimony, dollar drifts sideways. Yen’s freefall pauses, pound softer ahead of CPI data, aussie slides on RBA minutes. Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply. Please consider our Ri...

Send us Fan Mail Equities start week on the backfoot amid uncertainties; can Powell change the mood? China steps up effort to boost economy but Asian stocks unimpressed. Pound shines ahead of BoE decision, SNB coming up too, dollar crawls off lows. Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply. Please consider our Risk Di...

Send us Fan Mail Investors defy Fed, expecting rates to peak soon. ECB appears hawkish, lifts the euro. BoJ maintains loose policy, hurts the yen. Wall Street rallies on hopes Fed hiking cycle is ending. Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Ris...

Send us Fan Mail The central bank theme will continue in the coming week with the Bank of England and Swiss National Bank next to announce their interest rate decisions. Both are expected to raise their policy rates but is there room for hawkish surprises? The flash PMIs for June will also be on investors’ radar as some territories such as the Eurozone grapple with a recession. Inflation data will...

Send us Fan Mail Peter McGuire XM.com speaks with Bloomberg Daybreak Asia anchors Bryan Curtis and Paul Allen Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosu...

Send us Fan Mail Fed holds rates steady but signals 2 more rate hikes this year. Yet markets were not convinced, dollar weakens, stocks jump. ECB decision in focus today, BoJ will follow early on Friday. Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Ris...

Send us Fan Mail Dollar slides as CPI numbers increase Fed skip chances. Fed decides today, spotlight to fall on dot plot. Wall Street extends rally after soft inflation prints. Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at th...

Send us Fan Mail All eyes on US inflation data today, could influence Fed decision. Dollar slips, sterling jumps after jobs data, stocks power higher. China cuts interest rates, crash in oil prices warns of soft demand. Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply. Please consider our Risk Disclosure: https://www.xm.com/...

Send us Fan Mail Massive week begins, featuring rate decisions in US, Europe, and Japan. US inflation report also on tap tomorrow, could influence Fed decision. Yen hits seven-year low against pound, Turkish lira goes into freefall. Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply. Please consider our Risk Disclosure: https:...

Send us Fan Mail US weekly jobless claims hit highest in 1½-years, boosting Fed pause bets. Tech stocks find reason to celebrate as yields decline but China weakness weighs. Dollar skids but steadier today, aussie leads FX weekly gains. Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply. Please consider our Risk Disclosure: ht...

Send us Fan Mail A bombshell week is coming up, featuring rate decisions in the United States, Eurozone, and Japan. The Fed is likely to ‘pause’ according to market pricing, but the decision might ultimately depend on the inflation stats that will be released the previous day, setting the stage for volatility in the dollar. By contrast, there isn’t much scope for surprises in Europe or Japan, leav...

Send us Fan Mail BoC delivers second surprise hike of the week, aussie and loonie shine. Markets forced to reassess their understanding of a ‘pause’. Dollar slips amid confusion over Fed policy, tech rally hit by un-pause fears. Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply. Please consider our Risk Disclosure: https://ww...

Send us Fan Mail The probability of a Fed pause next week rises to 80%. Dollar gains the most against euro, loses versus the aussie. Investors are split on whether the BoC should hike today. Wall Street enjoys another day of gains. Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply. Please consider our Risk Disclosure: https:/...

Send us Fan Mail Aussie jumps after RBA’s shock hike, loonie buoyed ahead of BoC decision. US dollar on the backfoot after disappointing ISM services PMI. Oil and stocks struggle amid economic and rate path uncertainty. Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply. Please consider our Risk Disclosure: https://www.xm.com/...

Send us Fan Mail Dollar extends slide on slowing unit labor costs. Investors scale back their Fed hike bets. NFPs enter the limelight; mind the earnings. Wall Street cheers June pause prospect. Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning...

Send us Fan Mail Policy decisions from the RBA and the Bank of Canada will be taking centre stage next week amid an otherwise light agenda. In the United States, the ISM services PMI will be the only top-tier release and now that Congress has averted a default by suspending the debt ceiling, the dollar might spend the week drifting lower. Before all that however, OPEC and non-OPEC countries will m...