Global Market Insights - Forex, Futures, Stocks

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

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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

Contributed by Lukas

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

Contributed by Lukas

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

Contributed by Lukas

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

Contributed by Lukas

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

Contributed by Lukas

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

Contributed by Lukas

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...

Dollar extends its gains, BoE enters the limelight

03 Aug 2023

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Send us a textDollar strengthens on ADP and US debt downgrade. ISM non-mfg. PMI the next test for dollar traders. BoE expected to hike by 25bps; Will ...

Dollar gains after ISM manufacturing data

02 Aug 2023

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Send us a textDollar gains as ISM mfg. new orders beat estimates. Pound traders await Thursday’s BoE decision. Aussie the main loser after RBA stand...

Yen on the slide again, aussie slips on RBA, China worries persist

01 Aug 2023

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Send us a textYen extends losses following BoJ’s surprise bond market intervention. Aussie plunges after RBA holds rates, weak Chinese PMI weighs to...

Stocks rally but dollar holds firm on soft PCE inflation

31 Jul 2023

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Send us a textExpectations of further Fed rate hikes evaporate after dip in core PCE. Stocks rejoice but dollar stays in demand as yen’s comeback bi...

Yen shines as Bank of Japan loosens yield control

28 Jul 2023

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Send us a textYen shines after BoJ makes ‘stealth’ changes to yield control. Dollar alsogains, boosted by strong US data and rising yields. Euro s...

Week Ahead: NFP report to probably steal the limelight from BoE and RBA

28 Jul 2023

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Send us a textThe Bank of England and Reserve Bank of Australia will wrap up the summer central bank decisions in the coming week, although the US job...

Dollar slides on Fed, ECB and BoJ enter the limelight

27 Jul 2023

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Send us a textFed Chair Powell appears less hawkish than expected. Dollar slides as investors add to their rate cut bets. ECB to hike, focus on Lagard...

Investors lock gaze on Fed decision

26 Jul 2023

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Send us a textFed expected to hike, spotlight to fall on hints about next moves. Euro awaits ECB; aussie slides on inflation slowdown. Wall Street gai...

China stimulus promises boost oil prices

25 Jul 2023

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Send us a textChina pledges more stimulus, lifting oil prices and local stocks. Euro licks wounds after disappointing PMIs, antipodeans shine. Wall St...

Euro slides after PMIs, yen gets rocked by BoJ

24 Jul 2023

Contributed by Lukas

Send us a textYen slammed lower as bets of BoJ tightening this week get unwound. Euro bruised by PMI surveys, gold bounces, Nasdaq awaits rebalancing....

Week Ahead: Fed, ECB and BoJ decisions take center stage

21 Jul 2023

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Send us a textFollowing a relatively quiet week in terms of economic data and events, the spotlight now turns to three major central banks: the Federa...

Fed expectations swing again, lifting dollar, tech stocks tumble

21 Jul 2023

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Send us a textStrong jobless claims revive higher for longer bets for the Fed, buoying the dollar. Upbeat data also come to pound’s aid, but yen sli...

Dollar’s faith lies on the Fed as ECB officials soften tone

20 Jul 2023

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Send us a textDollar extends recovery, awaits Fed decision. ECB’s Stournaras said July hike would be enough. Pound, yen extend retreat, aussie gains...

Retail sales help the dollar, pound slides on CPIs

19 Jul 2023

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Send us a textDollar sellers lock profits on resilient core retail sales. ECB hawk Knot casts doubts over September rate hike. UK inflation slows more...

Euro on fire as dollar sags ahead of US data, earnings

18 Jul 2023

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Send us a textEuro hits 17-month high before ECB’s Visco knocks it lower. Bruised dollar sets sights on US retail sales as Treasury yields resume sl...

Risk rally eases after China GDP disappoints, dollar steadies

17 Jul 2023

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Send us a textChina GDP miss, caution ahead of Big Tech earnings take wind out of post-CPI rally. Hawkish Fed Governor comments also weigh on mood as ...

Dollar takes another bullet after easing producer prices

14 Jul 2023

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Send us a textUS producer prices barely increase in June. Dollar extends fall as investors add to their Fed cut bets. Euro and pound extend their uptr...

Week Ahead: Focus on China GDP and US retail sales, more CPI data on tap

14 Jul 2023

Contributed by Lukas

Send us a textInflation data will continue to dominate the economic agenda in the coming week, although the spotlight will probably fall on Chinese GD...

Peter McGuire speaks with Bloomberg Radio - 14/07/2023

14 Jul 2023

Contributed by Lukas

Send us a textPeter McGuire XM.com speaks with Bloomberg anchors Bryan Curtis and Doug KriznerRisk Warning: Our services involve a significant risk an...

Dollar collapses, stocks and gold soar after US inflation

13 Jul 2023

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Send us a textDollar gets decimated by ‘cold’ US inflation report. Stock markets hit new highs, gold powers higher. Coming up - US producer prices...

Dollar extends fall ahead of US inflation data

12 Jul 2023

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Send us a textUS dollar beaten up as US inflation report looms. Narrowing yield differentials turbocharge the yen. RBNZ takes the sidelines, BoC takes...

Cable hits new highs as falling yields blast dollar

11 Jul 2023

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Send us a textDollar gets crushed as traders price in a ‘cold’ CPI tomorrow. Sterling and yen benefit the most, Cable hits 15-month highs. Gold at...

Dollar slides, gold shines after nonfarm payrolls

10 Jul 2023

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Send us a textDollar gets knocked down by miss in US employment growth. Gold benefits, but can it sustain a rally with real yields rising? Stock marke...

Strong US data boost Fed bets ahead of NFP report but dollar muted

07 Jul 2023

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Send us a textMarkets brace for another solid jobs report after strong ADP and ISMservices PMI. But dollar struggles to shine as rally in bond yields ...

Week Ahead: US inflation report, BoC and RBNZ meetings eyed

07 Jul 2023

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Send us a textAnother action-packed week lies ahead, before trading conditions begin to wind down for the summer. The spotlight will fall on the lates...

ADP and ISM non-mfg PMI enter the spotlight

06 Jul 2023

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Send us a textFed minutes corroborate hawkish Fed view. ADP jobs report and ISM non-mfg PMI in focus. Dollar/yen pulls back after pause near 145.00. W...

Dollar stays weak ahead of key data, yen flirts with intervention zone

05 Jul 2023

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Send us a textDollar extends slide after dismal ISM manufacturing PMI. Fed minutes ontoday’s schedule; ADP and ISM non-manuf. PMI tomorrow. Yen paus...

Risk rally fades on manufacturing slump but markets stay calm

04 Jul 2023

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Send us a textDrop in ISM manufacturing PMI rounds up malaise in global factory activity. Dollar and stocks steady as Fed rate path little changed, al...

Stocks roar higher as US inflation cools slightly, optimism rises

02 Jul 2023

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Send us a textTech stocks lead Wall Street higher in strong first half as PCE inflationeases. Growth optimism outweighs Fed rate hike bets as Asia ral...

Yen hits the FX intervention ‘danger zone’

30 Jun 2023

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Send us a textDollar gains ground on solid GDP data, awaits more releases today. Yenreceives more intervention threats - are markets sleeping on a BoJ...

Week Ahead: Will US nonfarm payrolls and RBA decision rock the boat?

30 Jun 2023

Contributed by Lukas

Send us a textMarkets have been left somewhat bruised from a fresh round of hawkish gunfire from central bank chiefs so nerves are running high ahead ...

Powell wakes up dollar bulls, Ueda hurts the wounded yen

29 Jun 2023

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Send us a textDollar gains as Powell hints at more than one additional hike. BoJ’s Ueda says there is “distance to go” before shifting policy. S...

Euro rebounds on hawkish ECB rhetoric, yen extends slide

28 Jun 2023

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Send us a textEuro rebounds as ECB officials appear in hawkish suits. Yen extends slide, despite new intervention warnings. Loonie and aussie slide on...

Yen takes another knock, tech rally cools off

27 Jun 2023

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Send us a textYen gets hit by another selling wave, retests its multi-year lows. Dollarslightly softer ahead of US releases, euro capitalizes. Tech st...

Russia avoids civil war, markets barely react

26 Jun 2023

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Send us a textArmed mutiny in Russia ends peacefully, but gold trades quietly. Yenremains close to its recent lows despite hawkish BoJ signals. Euro l...

Week Ahead: Euro and bleeding yen brace for inflation tests

23 Jun 2023

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Send us a textWith all the major central bank decisions behind us, the spotlight next week will turn to another round of inflation releases. The euro ...

Dollar extends gains as hawkish central bank tone sours mood

23 Jun 2023

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Send us a textRecession fears heightened after BoE surprises with 50-bps hike, Eurozone PMIs disappoint. Hawkish Fed commentary further underscores ne...

Powell does not convince dollar bulls, BoE enters the spotlight

22 Jun 2023

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Send us a textPowell signals more hikes but fails to convince dollar bulls. BoE meets with investors split between a 25 and 50bps hike. Wall Street pu...

Dollar awaits Powell, UK CPI data adds extra pressure on BoE

21 Jun 2023

Contributed by Lukas

Send us a textDollar gains as housing starts surge. Focus turns to Fed Chair Powell’s testimony. UK CPIs increase chances for a 50bps hike by the Bo...