Recap

Revived Fed rate hike bets stemming from an upbeat May NFP lifted U.S. bond yields and risk appetite early on, before sentiment shifted this way and that throughout the choppy week. Ready to hear what happened this week? Better check…

Dollar domination was the main theme early in the week, as bulls carried on with their post-NFP charge. However, commodity currencies like AUD and CAD took center stage after their central banks announced surprise interest rate hikes. In…

U.S. debt-limit drama was the big sentiment driver this week, but we also saw fresh central bank comments and top tier economic updates that actually shook up interest rate outlooks and the usual intermarket price action tendencies.…

The major currencies started the week in tight ranges and mixed but with a slight anti-dollar lean as debt ceiling and global growth concerns dominated early. The tides turned mid-week, however, thanks to “June skip” talks from Fed…

It was a relatively low volatility week across the major asset classes as traders likely held off on taking action as they awaited developments on the U.S. debt ceiling issue. Normally volatile catalysts like global flash PMIs and…

Major forex pairs were off to a slow start this week, then volatility kicked in thanks to a few market surprises. In particular, the Kiwi chalked up the biggest moves in a bearish way when the RBNZ’s policy decision turned out less…

Global risk assets saw lots of green while gold and bond prices steadily fell as the week went on. This likely signaled easing global recession fears and U.S. debt crisis fears, at least through Friday trade. Aside from those themes, the…

The U.S. dollar may have caught most of the traders’ attention with U.S. debt talk developments and Fed speak this week,  but wasn’t the best trending FX asset this week! The New Zealand dollar was likely the best opportunity as it…

Dollar traders were on edge for the early part of the week as markets braced for the U.S. CPI release which later on underscored expectations for a Fed pause. Pound pairs got an extra dose of volatility during the BOE decision, thanks to…

Despite volatility was a bit muted, it was another topsy-turvy week for the financial markets as traders juggled debt ceiling issues, earnings results, and shifting central bank biases. Equities and commodities were off to a bullish…