Tag: Weekly Market Wrap Up

Interesting week, the USD breakout continued, and USDJPY joined in with a break above key resistance. That level had stood since December 2022. Due to the USD strength and JPY weakness, we saw a mixed week from the risk majors to the safe havens.

Mainly risk markets took a breather this week, despite CPI and PPI data coming in lower than expected. CPI Year-on-year dropped to 4.9% and while high, continues the trend of better figures. Traders are speculating if we might now see a hold from the Fed in the next meeting.

Hi, and welcome to this week’s wrap traders. Our weekly report examines some of the moves and news as we get set to close the trading week. This week was far from boring, as we saw plenty of volatility. The RBA got the AUDUSD going with a surprise rate hike. The AUDJPY...

This week has been marred by ranges and low volatility across multiple classes, with sellers continuing to take control from yesterday. Oil and Cryptos started the slump earlier in the week with solid moves lower. Oil dropped over 6%, Bitcoin over 7%, and Ethereum over 8%.

US inflation was in focus this week, with US CPI and PPI being released. The data came in lower than expected and combined with fed comments suggesting the banking crisis might not be over yet and could also be a US recession risk, this did the USD no favors, and it continues...

It has been a different week this week for once, as it felt like a good old-fashioned risk run. Data-wise, it wasn't necessarily a big one, but we got a few pleasant surprises.

The Central banks took focus this week, with the Fed, SNB, and BOE all raising rates as expected. The comments made by secretary Yellen definitely overshadowed the Fed's message. UK inflation was another interesting surprise as...

The banking saga deepened this week and looked like all hell could have been about to break out after Credit Suisse was added to the list.

This week's Fed testimony was the key mover, but we still have the NFP to come, and if we see more hot figures, this could set off more of the same for the USD and stock indexes.