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ECB Lowered Rates by 25bps As Expected, Removed Hawkish Statement Wording
Partner Center The European Central Bank (ECB) lowered its key interest rates by 0.25% as expected, bringing the deposit facility rate to 3.00%, while signaling a potentially more measured approach to future cuts. This marks the ECB’s fourth consecutive rate reduction as inflation continues to moder
SNB Surprised with Larger 0.50% Rate Cut, Inflation Forecasts Downgraded
Partner Center The Swiss National Bank (SNB) delivered a larger-than-expected interest rate cut at its December policy meeting, lowering its policy rate by 50 basis points to 0.50%. This marks the central bank’s fifth consecutive rate reduction this year, as it battles persistent low inflation and a
Australia Posted Strong Hiring Growth in November, Jobless Rate Down to 3.9%
Partner Center Australia’s labor market showed considerable strength in November, with employment growing more than forecasted and the unemployment rate falling to 3.9%. The Australian Bureau of Statistics (ABS) reported that the economy added 35,600 jobs, surpassing market expectations of 26,000. K
Bank of Canada Cut Rates by 50bps as Expected, Signaled Slower Easing Ahead
Partner Center The Bank of Canada (BOC) reduced its target for the overnight rate by 50 basis points to 3.25% in their December statement, marking its fifth consecutive rate cut since June. However, the central bank signaled a more gradual approach to future easing decisions while maintaining its co
RBA Shifts to More Dovish Tone While Holding Rates at 4.35%
Partner Center The Reserve Bank of Australia (RBA) maintained its cash rate at 4.35% at today’s meeting (as discussed in our Event Guide) while adopting a notably more dovish stance, removing previous guidance that “it is not ruling anything in or out” and signaling growing confidence in inflation’s
Daily Broad Market Recap – December 9, 2024
Partner Center Markets started the week with dramatic moves as China promised looser policies and Syria’s Assad regime collapsed over the weekend, shaking up commodities and equities. Gold got a boost from safe-haven demand and Chinese stimulus hopes, while tech stocks took a hit on renewed regulato
Is Your CFD Broker Trustworthy? 4 Things to Check
If you have decided to try your hand at trading or know for sure that this area is for you, then you will undoubtedly face the dilemma of choosing a reliable broker. A reliable broker provides a secure and supportive environment where you can confidently focus on your trading goals and achieve the d
Daily Broad Market Recap – December 5, 2024
Partner Center Bitcoin hit a key milestone on Thursday even as the rest of the major assets saw pullbacks or stayed in wide ranges. Meanwhile, the U.S. dollar extended its losses ahead of Friday’s U.S. jobs reports. Which headlines influenced market price action yesterday? We have the deets: Headlin
Daily Broad Market Recap – December 3, 2024
Partner Center Financial markets showed mixed reactions to labor market data and central bank commentary while also positioning ahead of key economic events. Were risk assets able to maintain their upward momentum despite geopolitical concerns? Let’s check out the latest updates! Headlines: New Zeal
Australian Economy Reported Weaker Than Expected GDP Growth in Q3 2024
Partner Center The Australian economy grew by 0.3% in the September quarter 2024 and 0.8% year-over-year, showing continued growth but at a slower pace than the expected 0.5% expansion, according to data released by the Australian Bureau of Statistics (ABS). Key points from the Q3 GDP report: GDP pe
Daily Broad Market Recap – December 2, 2024
Partner Center It was a rally and reverse kind of Monday for the U.S. dollar, as traders returned from their Thanksgiving holidays eager to price in NFP expectations and Fed policy biases. Commodities like gold and crude oil also enjoyed elevated volatility while bitcoin hovered just below its recor
U.S. November 2024 ISM Manufacturing PMI Remained in Contraction As Trade Concerns Surfaced
Partner Center The Institute for Supply Management (ISM) showed the U.S. manufacturing sector contracted for the eighth consecutive month in November, with the headline PMI rising to 48.4 from October’s 46.5, still below the 50.0 expansion threshold. The report highlighted that while manufacturing a
Daily Broad Market Recap – November 28, 2024
Partner Center Find a Broker A Headlines: ANZ: New Zealand business confidence eased from 65.7 to 64.9 in November; Employment intentions jumped from 14.2 to 14.7; Pricing intentions fell from 44.2 to 42.2 Australia private capital expenditure for Q3 2024: 1.1% q/q (0.9% expected, -2.2% previous) Sp
Fed’s November Minutes Highlight Gradual Approach, USD Falters
Partner Center Find a Broker The November FOMC minutes revealed a Committee firmly committed to a gradual, methodical approach to monetary policy easing. All participants backed the 25 basis-point cut to 4.50% 4.75%, but what’s particularly interesting was their repeated emphasis that policy decisio
RBNZ’s 50bps Rate Cut and Gov. Orr’s Presser Spark Whiplash Moves in NZD
Partner Center Find a Broker The Reserve Bank of New Zealand (RBNZ) cut its Official Cash Rate (OCR) by 50 basis points from 4.75% to 4.25% in November, marking its second consecutive 50bps rate cut after October’s surprise move. In its statement, RBNZ noted that inflation has returned within its ta
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