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US Open: Futures steady after central bank support

Futures reverse earlier losses and point to a flat open as investors weigh up central bank support and UBS buying Credit Suisse. Regional US banks are remain in focus.

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Yesterday 12:47 PM
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US Open: Stocks slip but are set for a strong weekly gain

Stocks pare yesterday's rally after big US banks prop up First Republic Bank. Nasdaq is set to gain over 5% this week. US Michigan confidence is due shortly.

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March 17, 2023 12:56 PM
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US Open: Stocks rise after inflation data

US stocks are set to open higher after headline inflation cooled in line with forecasts but core inflation was hotter than expected.

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March 14, 2023 01:05 PM

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US CPI preview: Fed rate expectations dive, USD/CAD tests 1.37

In the wake of the implosion of SVB, traders are dialing down their expectations for Fed hawkishness next week...

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March 13, 2023 02:54 PM
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US Open: Stocks rise as jobless claims hit a 10 week high

Futures etase earlier losses after US jobless claims rise y more than expected in a case of bad news is good news for stocks.

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March 9, 2023 02:18 PM
Research

NFP preview: Have dollar bulls gotten ahead of themselves?

Weighing the data and our internal models, the leading indicators point to a slightly above expectation reading in this month’s NFP report - see why!

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March 9, 2023 02:16 PM
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US Open: Stocks struggle after Powell inspired selloff & private payrolls rise

Investors lick their wounds after yesterday's steep selloff and as investors look ahead to Powell's second testimony. ADP payrolls rise by more than expected.

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March 8, 2023 02:11 PM
Research

Powell puts a 50bps March hike firmly on the radar, GBP/USD tests 2023 lows

According to the CME’s FedWatch tool, investors are now pricing in a 60/40 shot of a 50bps rate hike in two weeks’ time and that rates could peak above 5.5%.

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March 7, 2023 06:16 PM
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US Open: Stocks rise cautiously with all eyes on Powell's testimony

Stocks edge higher ahead of Powell's appearance before Congress where he will testify on monetary policy. A hawkish stance could pull stocks lower & lift the USD.

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March 7, 2023 12:33 PM
Federal reserve building

Powell prepares to pontificate to policymakers, AUD/USD tests 0.6700 support

Some officials and Fed watchers have suggested a 50 basis-point move should be on the table if inflation fails to slow...

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March 6, 2023 04:21 PM
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US Open: Stocks edge higher ahead of ISM non-manufacturing data

US stocks point to modest gains on the open as investors digest the latest Fed commentary and look ahead to the US ISM non-manufacturing PMI.

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March 3, 2023 01:44 PM
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US Open: Stocks fall as jobless claims unexpectedly slow

Futures head broadly lower after US jobless claims rise by 190k, down from 192k. The data highlights the strength of the jobs market giving the Fed space to hike rates further.

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March 2, 2023 02:01 PM
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US Open: Stocks edge higher ahead of housing & consumer confidence data

US stocks climb higher, but fall across the month on hawkish Fed fears. US house price and consumer confidence data is due to be released.

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February 28, 2023 02:28 PM
Yen, Euros and dollar currency bills and notes

EUR/USD: Rally potential after hot Spanish and French CPI readings

The ECB had already planned a half-point rate move in March, and these stronger readings are likely to bolster officials who say that more big moves are needed beyond that to get inflation under control.

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February 28, 2023 01:46 PM
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US Open: Stocks rise after last week's selloff

Stocks rise after steep losses last week. Stocks are heading for a 2% drop across the month as the markets price in higher interest rates for longer.

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February 27, 2023 01:58 PM
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US Open: Stocks tank after the Fed's preferred inflation gauge unexpectedly rose

US stocks tumble after hotter than expected inflation fuels hawkish Fed bets. USD rallies and Gold tumbles.

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February 24, 2023 02:07 PM
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US Open: Stocks rise cautiously ahead of the FOMC minutes

Stocks edge higher after steep losses yesterday as the markets fretted that the Fed could raise rates higher for longer. Will the Fed minutes fuel those fears or will they be considered outdated given the strong data came in after the Fed's February meeting?

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February 22, 2023 01:50 PM

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Research

Will USD/CAD break key resistance at 1.35 after soft Canadian CPI?

The just-released Consumer Price Index (CPI) in Canada rose 5.9% year-over-year in January...what does that mean for USD/CAD?

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February 21, 2023 02:21 PM
Bank notes of different currencies

Fiat Money: What is a Fiat Currency?

A fiat currency is a monetary instrument backed by a national government like the British pound or Canadian dollar. Learn how fiat currencies operate and how they compare to other types of money.

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February 17, 2023 04:05 PM
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US open: Stocks fall as rate hike fears rise

US stocks fall as hawkish Fed fears are re-ignited following a week of stronger than forecast data and hawkish Fed comments.

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February 17, 2023 02:07 PM
Currency prices

European Open: The dollar remains supreme amidst hawkish Fed speak

Talk of a 50bp Fed hike in March saw the dollar extend its lead late in the US session, and maintain its trajectory during Asian trade.

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February 17, 2023 05:38 AM
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US open: Strong data sinks stocks

PPI rose by more than expected and jobless claims unexpectedly fell. The data points to a more hawkish Federal Reserve and higher rates for longer.

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February 16, 2023 02:07 PM
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US open: Futures fall after inflation misses forecasts

Futures fall after US inflation cools but by less than forecast, adding pressure to the Federal Reserve to keep hiking interest rates.

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February 14, 2023 02:16 PM