Global Market Insights - Forex, Futures, Stocks

Week Ahead: Will the central bank bonanza kill the festive joy or fuel it?

08 Dec 2023

Contributed by Lukas

Send us a textFed, ECB, BoE and SNB hold their final policy decisions of the year. Will they push back on rate cut expectations? US CPI and flash PMIs...

Yen springs higher, nonfarm payrolls coming up

08 Dec 2023

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Send us a textJapanese yen charges higher on rate hike speculation. Dollar turns to US employment report - downside risks? Stock markets climb, as Goo...

Yen flies as BoJ’s Ueda talks ultra-loose policy exit

07 Dec 2023

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Send us a textBoJ Governor Ueda discusses options after ending negative rates. Yen rallies as speculation for BoJ pivot intensifies. Dollar defies wea...

Dollar extends recovery despite US job openings drop

06 Dec 2023

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Send us a textUS job openings fall to lowest in more than 2-1/2 years. Treasury yields slide, but dollar extends recovery. Schnabel points to end of E...

Gold and equities retreat from recent peaks

05 Dec 2023

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Send us a textGold reverses lower after leaping to record highs. Dollar recovers, turns to ISM survey for direction. Stock markets pull back, led by b...

Gold hits new records, but runs out of fuel

04 Dec 2023

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Send us a textGold cruises to new record highs, then gets rejected. Oil keeps sinking despite missile attacks in the Red Sea. Dollar chops around, RBA...

Dollar stumbles again after soft US data, eyes Powell

01 Dec 2023

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Send us a textUS dollar softer ahead of Powell as US inflation and consumption cool. Euro regains some posture, stocks look to stretch November gains....

Week Ahead: Nonfarm payrolls enter the spotlight, RBA and BoC decide on policy

01 Dec 2023

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Send us a textInvestors looking to US NFPs for confirmation of their Fed cut bets. RBA could still signal that higher rates are possible. But BoC may ...

Euro slips as Eurozone inflation tumbles, aids dollar’s rebound

30 Nov 2023

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Send us a textTumbling inflation erodes euro’s gains as dollar perks up despite rate cut bets. Wall Street loses some steam but stocks still set for...

Peter McGuire speaks with The Core Radio - 29/11/2023

29 Nov 2023

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Send us a textPeter McGuire XM.com speaks with The Core Report anchor Govindraj Ethiraj Risk Warning: Our services involve a significant risk and can...

Fed’s Waller talks rate cuts and hurts the dollar

29 Nov 2023

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Send us a textDollar extends tumble as Waller raises prospect of lower rates. Yen, kiwi, and aussie the main winners once again. RBNZ holds rates stea...

Fed cut bets continue to weigh on dollar

28 Nov 2023

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Send us a textDollar extends slide as first 25bps Fed cut seen by June. Fed officials speak ahead of PCE inflation data later this week. Yen gains on ...

Dollar and oil extend slide ahead of busy week

27 Nov 2023

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Send us a textMajor pairs and gold climb to new highs as dollar sags. Inflation data and Fed speakers awaited for direction. Oil drifts lower ahead of...

Dollar pulls back ahead of PMIs

24 Nov 2023

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Send us a textDollar pulls back on Thanksgiving as Fed cut bets weigh. Focus today turns to the preliminary S&P Global PMIs. Japan’s CPIs accele...

Week Ahead: All eyes on OPEC+ meeting, US and Eurozone inflation dominate too

24 Nov 2023

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Send us a textOil’s fortunes hinge on OPEC+ meeting outcome on Thursday. Eurozone flash inflation and US core PCE also due on Thursday. RBNZ to like...

Oil steadier after nose-dive, dollar pulls back in thin trade

23 Nov 2023

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Send us a textOil plunges on OPEC+ meeting delay, sparking rally in US dollar. But dollarresumes decline today as rivals advance on easing gloom. Stoc...

Fed minutes halt dollar’s drop

22 Nov 2023

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Send us a textDollar breathes as Fed minutes confirm ‘higher for longer’ view. BoE’s Bailey pushes sterling higher, Autumn Statement on tap. Wal...

Wall Street extends gains as dollar flounders, Fed minutes eyed

21 Nov 2023

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Send us a textMicrosoft leads Wall Street higher, lifted by AI mania and rate cut bets. Butwill FOMC minutes spoil the party? Dollar slips to 3-month ...

Yen gets some relief, sterling eyes tax cuts

20 Nov 2023

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Send us a textDollar continues to drift lower ahead of Fed minutes tomorrow. Japanese yen recovers amid growing bets of foreign rate cuts. Oil prices ...

Rate cut bets intensify as oil plunges, but Wall Street wobbles

17 Nov 2023

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Send us a textMarkets think the Fed is done after US data misses. Selloff in crude oilfurther fuels rate cut bets amid supply glut fears. But dollar s...

Week Ahead: Fed minutes and Eurozone PMIs on the menu

17 Nov 2023

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Send us a textFed minutes on Tuesday will be scrutinized for clues on rate path. Eurozone business surveys to shed some light on recession risks. Japa...

Dollar claws back some losses as relief rally fades

16 Nov 2023

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Send us a textFed rate cut bets scaled back after upbeat US data. Wall Street rally loses steam, dollar edges up as yields rebound. Global growth worr...

Dollar tumbles on cooler-than-expected US inflation

15 Nov 2023

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Send us a textSlowing US inflation confirms view that Fed is done with hikes. Aussie and kiwi gain the most on bolstering risk sentiment. Pound pulls ...

Yen hits fresh low as focus turns to US CPI data

14 Nov 2023

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Send us a textYen spikes, but ends Monday as the main loser. Dollar traders lock gaze on US inflation data. UK jobs report beats estimates, CPIs the p...

Yen continues to sink, stock markets power higher

13 Nov 2023

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Send us a textYen falls to lowest levels in a year as stock markets soar. Dollar mostly ignores Moody’s credit outlook downgrade. Gold nurses losses...

Week Ahead: US and UK inflation data to take center stage

10 Nov 2023

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Send us a textUS inflation numbers the next event to shake Fed bets. Pound traders lock gaze on CPIs after BoE’s hawkish hold. Aussie awaits jobs re...

Fed chief interrupts stock market rally, lifts dollar

10 Nov 2023

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Send us a textFed chief Powell says ‘won’t hesitate’ to tighten further. Dollar extends recovery as US yields rise, pushing equities down. Gold ...

Dollar stays strong despite sliding Treasury yields

09 Nov 2023

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Send us a textDollar extends recovery above 151-yen level. But long-dated Treasury yields slip further. China’s woes dent sentiment in Asia. Oil and...

Fed rhetoric further fuels the dollar

08 Nov 2023

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Send us a textDollar extends recovery on Fed commentary. But probability for another hike remains low. Wall Street gains as Treasury yields slide. Oil...

Gold slides, dollar regains strength as yields storm back

07 Nov 2023

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Send us a textDollar regains some lost ground as US yields bounce back. Gold and oil edge lower - geopolitical risks getting priced out? Aussie sinks ...

Dollar gets crushed after nonfarm payrolls miss

06 Nov 2023

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Send us a textDollar pummeled after disappointing US employment data. Stock marketsrally, but gold fails to capitalize on falling yields. Australian i...

Investors lock gaze on US NFP data

03 Nov 2023

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Send us a textDollar slides as Fed pours more cold water on hike expectations. Spotlight turns to US employment report for October. Pound receives lit...

Week Ahead: RBA rate decision and UK growth on the radar

03 Nov 2023

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Send us a textReserve Bank of Australia could raise rates on Tuesday. British GDP data will be crucial for sterling’s fortunes.Risk Warning: Our ser...

Stocks rally, yields slump as Powell strikes neutral tone

02 Nov 2023

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Send us a textPowell signals Fed is likely done hiking rates, sparking relief rally. Wall Street cheers Powell’s balanced tone, but dollar stays res...

Yen sinks as Fed enters the spotlight

01 Nov 2023

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Send us a textYen nears October 2022 lows against dollar on BoJ disappointment. Will a hawkish Fed trigger a yen intervention episode? Gold, oil retre...

Yen defies BoJ, tumbles after tweak to yield policy

31 Oct 2023

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Send us a textBank of Japan adjusts yield curve control policy again, but yen skids. Yields edge lower after Treasury Department says will borrow less...

Gold eases from highs as markets stay calm despite Gaza offensive

30 Oct 2023

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Send us a textGold hits $2,000 as Israel begins ‘second stage’ of war in Gaza, oil jumps too. But safe haven demand eases on Monday as focus turns...

Gold stands tall, stocks keep sinking despite solid US data

27 Oct 2023

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Send us a textUpside surprise in US GDP was not enough to boost the dollar. Stock markets slide in the aftermath, euro little changed after ECB. Gold ...

Week Ahead: Will BoJ steal the limelight from Fed and BoE?

27 Oct 2023

Contributed by Lukas

Send us a textCentral bank meetings continue in earnest with BoJ, Fed and BoE. Fed and BoE to likely stand pat, but BoJ might tweak policy again. NFP ...

Dollar climbs above 150 yen as Treasury yields rebound

26 Oct 2023

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Send us a textTreasury yields rebound, lift the dollar ahead of US GDP data. Dollar/yen rises past 150, rings intervention alarm bells. ECB to take th...

Better than expected US PMIs help the dollar rebound

25 Oct 2023

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Send us a textPMIs suggest the US economy entered Q4 on solid footing. The divergence between US/Eurozone outlooks weighs on euro/dollar. Aussie ralli...

Dollar retreats, stocks stabilize as yields fall back

24 Oct 2023

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Send us a textDollar follows US yields lower after rejection from 5% region. But gold and yen cannot take advantage of this correction. Euro rebound c...

Stocks suffer collateral damage as yields blast higher

23 Oct 2023

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Send us a textStock markets get kneecapped by relentless rally in US yields. Gold and oil prices lose steam amid lack of geopolitical escalation. Euro...

Gold and oil keep rising as Israel-Gaza conflict shows no sign of easing

20 Oct 2023

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Send us a textPossibility of weekend escalation in Middle East propel gold and oil higher.Powell remarks provide only modest respite to bond selloff, ...

Week Ahead: ECB meeting and US GDP to shake FX markets

20 Oct 2023

Contributed by Lukas

Send us a textCentral bank decisions in Eurozone and Canada coming up. But FX traders will likely focus more on the US GDP report. Is the dollar set t...

Stocks pummeled as yields and oil extend gains, dollar firms ahead of Powell

19 Oct 2023

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Send us a textBond yields continue to rise as surging oil prices add to higher for longer case. Stocks pressured as higher yields start to bite, earni...

Investors add to Fed hike bets after US retail sales

18 Oct 2023

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Send us a textUS retail sales rise more than expected, bolster Fed hike case. Pound slides on slowing wages, rebounds on sticky inflation. Aussie and ...

Equities gain, gold slips amid diplomatic push to contain Mideast crisis

17 Oct 2023

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Send us a textRisk aversion eases as diplomatic efforts to end Israel-Gaza war ramped up. Gold off highs, while earnings optimism additionally boosts ...

Gold and oil surge as Middle East conflict intensifies

16 Oct 2023

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Send us a textGold surges as Israel carries ground operations inside Gaza. Geopolitics and Harker weigh on Fed rate hike expectations. Oil rallies as ...

Dollar bounces back, stocks slip after US CPI beat

13 Oct 2023

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Send us a textStronger-than-expected US CPI data revives rate hike bets. Dollar re-energised, heads for weekly gains as yields jumps. Stocks come unde...

Week Ahead: US retail sales and UK CPI data enter the spotlight

13 Oct 2023

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Send us a textAfter US CPIs, US retail sales may also impact Fed hike expectations. Will the UK inflation numbers increase the chances for another BoE...

Investors lock gaze on US CPI numbers

12 Oct 2023

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Send us a textMixed PPI report allows investors to believe the Fed is done. But US CPI data has the potential to change their mind. Wall Street gains ...

Dollar extends slide on more dovish Fed remarks

11 Oct 2023

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Send us a textFed’s Bostic and Kashkari join the ‘no more hikes needed’ camp. PPIs and Fed minutes on tap ahead of tomorrow’s CPIs. Aussie and...

Yields slide as Fed tones down hawkish talk, stocks shrug off ME flareup

10 Oct 2023

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Send us a textHigher yields prompt a rethink at the Fed as policymakers turn cautious. But less hawkish tone pushes yields lower, boosting equities. O...

Oil jumps, safe havens gain as war erupts in Middle East

09 Oct 2023

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Send us a textIsrael-Hamas war pushes up oil prices amid risk of wider conflict. Dollar,yen and gold rise too as investors rush to safety. Fed rate hi...

Week Ahead: US inflation and Fed minutes to test dollar, bond markets

06 Oct 2023

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Send us a textUS CPI report and Fed minutes to take centre stage. Will they fuel or dent the rally in yields and the dollar? Chinese inflation and UK ...

Dollar pulls back after weak private payrolls report

05 Oct 2023

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Send us a textADP reveals lower-than-expected increase in private payrolls. Dollarretreats as investors lower their implied Fed rate path. Yen gains, ...

Yen surges after possible intervention

04 Oct 2023

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Send us a textYen spikes after breaching the 150-per-dollar mark. Markets suspect intervention, but officials do not confirm. Dollar charges higher on...

King dollar returns as US yields rip higher

03 Oct 2023

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Send us a textDollar continues to rally, with help from rising yields. Gold smashed lower,but stocks don’t get the memo. Aussie hits 11-month low af...

Gold sinks amid stronger dollar and rising yields

02 Oct 2023

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Send us a textGold prices fall further, pressured on multiple fronts. Yen loses ground afterBank of Japan intervenes in bond market. Dollar stable ahe...

Dollar pulls back, some relief for stocks after dreadful quarter

29 Sep 2023

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Send us a textUS dollar eases from highs as bond yield rally pauses for breath. Stocks headed for worst quarter in a year but techs lead rebound. Euro...

Week Ahead: Dollar shines ahead of nonfarm payrolls

29 Sep 2023

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Send us a textDollar charges higher, nonfarm payrolls on Friday will be crucial for this rally. Early indicators point to another solid month for the ...

Yen gets closer to 150-per-dollar level, oil skyrockets

28 Sep 2023

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Send us a textDollar extends gains on ‘higher for longer’ narrative. Dollar/yen nears 150 zone, risk of intervention rises. Oil skyrockets as US i...

Fed’s ‘higher for longer’ fuels dollar, yen flirts with intervention

27 Sep 2023

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Send us a textDollar at 10-month highs, 10yr. yields jump to new 16-year peak. Dollar/yen extends uptrend, intervention risks grow. Wall Street tumble...

Dollar at 10-month high as yields keep surging

26 Sep 2023

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Send us a textUS 10-year yield hits 16-year high as no letup in hawkish Fed rhetoric.Dollar powers ahead, euro and pound crumble, yen in danger zone. ...

Fragile sentiment after weak PMIs, higher for longer message

25 Sep 2023

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Send us a textMood sours amid hawkish Fed, recession fears and US shutdown risk. Stocks mixed after last week’s losses as bond yields near cycle hig...

Stocks roll over as US yields climb to new highs

22 Sep 2023

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Send us a textMayhem in US bond market spills over into stocks. Dollar struggles to advance despite soaring yields. Sterling sinks on BoE decision, ye...

Week Ahead: US core PCE and Eurozone flash CPIs eyed after rate pause signals

22 Sep 2023

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Send us a textPCE inflation to grab attention on Friday as Fed signals higher for longer. But markets might be more worried about a government shutdow...

Hawkish Fed boosts the dollar, BoE and BoJ next

21 Sep 2023

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Send us a textFed revises rate path higher, lifting dollar and yields. Stock markets and gold move lower in the aftermath. BoE decision today a coin t...

Fed rate decision enters the spotlight

20 Sep 2023

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Send us a textDollar trades cautiously ahead of Fed decision. Yen extends slide despite fresh intervention warnings. Pound slides after lower-than-exp...

Euro gains on ECB remarks; dollar awaits Fed decision

19 Sep 2023

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Send us a textEuro rebounds as ECB officials do not rule out another hike. Dollar tradescautiously as Fed policy decision looms. Wall Street nearly un...

Oil prices keep rising despite market turmoil

18 Sep 2023

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Send us a textOil prices continue to rise as tight supply kicks in. Rising bond yields put pressure on equity markets. Dollar rally takes a breather, ...

Euro skids after ECB hike, China data lifts sentiment

15 Sep 2023

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Send us a textEuro tumbles as ECB raises rates but hints at pause. US dollar hits 6-month high after US retail sales beat. Stocks rally on upbeat Chin...

Week Ahead: Fed, BoE, and BoJ meetings to fuel FX volatility

15 Sep 2023

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Send us a textA stormy week lies ahead, featuring central bank meetings in the United States, United Kingdom, Japan, and Switzerland. The Fed is almos...

Euro in the spotlight ahead of ECB decision

14 Sep 2023

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Send us a textECB decision coming up, but is it a lose-lose for the euro? Dollar chops around after US inflation, awaits retail sales. Gold extends lo...

Cautious trading ahead of US inflation report

13 Sep 2023

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Send us a textUS inflation data to set the tone for USD and riskier plays. Euro gets a boost from ECB reports, oil prices power higher. Tech sector le...

Stocks perk up ahead of US CPI and ECB tests, dollar resumes climb

12 Sep 2023

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Send us a textMarkets steady as US data and ECB decision awaited. Wall Street starts week on optimistic note. Yen eases slightly as dollar back on the...

Yen jumps on hawkish Ueda remarks, dollar slips ahead of US CPI

11 Sep 2023

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Send us a textBoJ’s Ueda hints at end to negative rates by year-end if wages rise. Dollarstarts week on the backfoot as crucial CPI data awaited. Ch...

Trade war nerves send stock markets lower

08 Sep 2023

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Send us a textApple concerns rock stock markets after China’s iPhone ban. Dollar rallytakes a breather as yields retreat, but outlook intact. Gold c...

Week Ahead: ECB rate hike hangs in the balance; US CPI could edge up again

08 Sep 2023

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Send us a textThe European Central Bank is headed for a crunch rate decision next week amid rising recession risks and the job on inflation not yet do...

ISM non-mfg PMI highlights resilience of US economy

07 Sep 2023

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Send us a textUS service sector unexpectedly gathers momentum. ECB officials keep a hike for next week on the table. BoE Gov. Bailey says they are ‘...

Peter McGuire speaks with The Core Radio - 07/09/2023

07 Sep 2023

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Send us a textPeter McGuire XM.com speaks with The Core anchor Govindraj EthirajRisk Warning: Our services involve a significant risk and can result i...

Falling yen draws intervention warning, ISM non-mfg PMI in focus

06 Sep 2023

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Send us a textYen hits 10-month low, triggers intervention warning. Dollar traders turn attention to ISM non-mfg PMI. Equities pull back, but stay in ...

Yen suffers another blow as yields fire up

05 Sep 2023

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Send us a textDollar shines, yen slides as US bond yields power higher. China optimism melts away after disappointing PMI data. Aussie dollar crumbles...

Dollar gains after US jobs data, China stimulus lifts oil

04 Sep 2023

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Send us a textDollar climbs despite relatively soft US employment report. China stimulus measures boost oil prices and Asian stocks. Gold trades with ...

Calm ahead of US jobs report as markets pin hopes on cool-off

01 Sep 2023

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Send us a textDollar and stocks drift sideways as August payrolls awaited for direction. Asian equities outperform after China boosts support but auss...

Week Ahead:RBA and BoC to kick-start key round of central bank meetings

01 Sep 2023

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Send us a textAfter a barrage of US data hurt the dollar this week, with investors having second thoughts as to whether another Fed hike may be needed...

Euro pulls back despite CPI beat as dollar braces for more US data

31 Aug 2023

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Send us a textDollar slumps again amid more evidence of US slowdown, core PCE next. Euro see-saws after mixed CPI numbers. Stocks extend rally on fadi...

Dollar falls as US data reinforce Fed pause case

30 Aug 2023

Contributed by Lukas

Send us a textDollar slides as job openings drop to a 2-1/2 year low. ADP report and 2nd estimate of US GDP on today’s agenda. Euro awaits German CP...

Dollar pulls back ahead of key US data

29 Aug 2023

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Send us a textDollar traders turn cautious ahead of important data. Yen stays pressuredas yield differentials stay in the spotlight. Wall Street recor...

Equities climb despite Jackson Hole’s higher for longer warning

28 Aug 2023

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Send us a textRate hike odds edge up after Powell and Lagarde signal inflation fight not  over. But dollar steady as yields barely budge, Wall Street...

US inflation comes in cold, but dollar still shines

11 Aug 2023

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Send us a textUS CPI comes in colder than expected, yet bond yields rise. Dollar recovers, yen slides but no intervention threats this time. Stocks an...

Week Ahead: Fed minutes, US retail sales and UK CPIs the highlights of a packed week

11 Aug 2023

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Send us a textThe dollar got hit by the miss in the US inflation data, but traders may have another opportunity to adjust their dollar positions as ne...

Traders on edge ahead of US inflation report

10 Aug 2023

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Send us a textDollar ticks down ahead of all-important US inflation data. Yen sinks, hits its lowest levels since 2008 against the euro. Energy prices...

Risk aversion keeps dollar supported ahead of CPIs

09 Aug 2023

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Send us a textConcerns about China and Moody’s downgrade weigh on sentiment. Dollar gains on safe-haven demand, awaits inflation data. Risk aversion...

Mood turns sour after alarming Chinese trade data

08 Aug 2023

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Send us a textSlump in Chinese trade numbers weighs on risk-linked assets. Dollar waiting for US inflation test, yen retreats after wage data. Stocks ...

Peter McGuire speaks with Bloomberg Radio - 08/08/2023

08 Aug 2023

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Send us a textPlease consider our Risk Disclosure: https://www.xm.com/goto/risk/enPeter McGuire XM.com speaks with Bloomberg Radio anchor Bryan Curtis...

Dollar pulls back after weaker US jobs growth

07 Aug 2023

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Send us a textUS NFPs increase by less than expected in July. Dollar, Treasury yields slide, traders add to rate cut bets. Loonie suffers, BoJ debates...

Equities left reeling from yields spike, FX quiet ahead of NFP

04 Aug 2023

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Send us a textChina support aids rebound in stocks after bruising week amid surging yields. Dollar steady as markets brace for possible surprises in J...

Week Ahead: US inflation report coming up as dollar storms higher

04 Aug 2023

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Send us a textThe US credit downgrade paradoxically gave the dollar a boost, but the longevity of this recovery will be decided by the next edition of...