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Risk aversion continues to dominate the global financial markets today, although the weakness in US futures has been relatively contained. While some volatility could arise from the US JOLTS labor market data, traders would largely be holding off for tomorrow’s ISM services data and Friday’s non-farm payroll report. As a result, market movements are expected […]

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29/01/2024

Euro Weakens on Prospects of Early ECB Rate Cut

Euro weakens broadly today amid signals from ECB officials that a rate cut cycle could commence in June, or even earlier in April. This bearish sentiment towards the common currency heightens the significance of upcoming Eurozone economic data releases, with GDP figures tomorrow and CPI data on Thursday poised to play crucial roles in shaping […]
Market Volatility Persists, Aussie Steady with RBA’s Intricate Inflation Forecast
06/08/2024

Market Volatility Persists, Aussie Steady with RBA’s Intricate Inflation Forecast

The financial markets continued to see extreme volatility. DOW dropped by over -1000 points overnight, but the global rout seems to have paused for now. Nikkei staged a dramatic 10% rebound in early trading after yesterday’s history plunge of -12.4%. However, this recovery was not mirrored by other Asian markets. Investor sentiment remains fragile, with […]
Buckle Up: Markets Brace for Fed Powell’s Jackson Hole Remarks
23/08/2024

Buckle Up: Markets Brace for Fed Powell’s Jackson Hole Remarks

In the calm before what could be a stormy session, forex markets remained exceptionally quiet during Asian trading. Dollar managed a slight recovery overnight, bolstered by pullback in US equities, but the upward momentum has been notably weak. Traders are now laser-focused on Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium, which might […]