FX Weekly Recap: August 5 – 9, 2024
After a Monday meltdown, risk-on currencies like the AUD & CAD were able to take the top spot thanks to positive U.S. surprises and net positive individual themes.
After a Monday meltdown, risk-on currencies like the AUD & CAD were able to take the top spot thanks to positive U.S. surprises and net positive individual themes.
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Today, the focus for FX traders is on the Federal Reserve: at 21:00 GMT+3, the FOMC will announce its interest rate decision (rates are expected to remain unchanged), followed by a press conference with Fed Chair Jerome Powell half an hour later. In addition:→ the Bank of Canada will announce its rate decision today;→ similar…
The State Council Information Office of China held a highly-anticipated press conference on Saturday, led by Finance Minister Lan Fo’an. The market was hoping for further announcements on fiscal stimulus after an invitation said to media said officials would outline the country’s plans for intensifying countercyclical adjustments to its fiscal policy. Instead, the press conference…
The ECB may cut its interest rates again in September! What exactly are the markets expecting from President Lagarde and her team and how might EUR react to the event? We’re discussing the points you need to know if you’re trading the central bank decision: This Article Is For Premium Members Only Become…
By Wayne Cole SYDNEY (Reuters) – Asia shares were subdued on Monday in a countdown for U.S. price data that investors hope will show a renewed moderation in inflation, while markets were on alert for possible Japanese intervention as the dollar tested the 160 yen barrier. Geopolitics also loomed large, with the first U.S. presidential…