Today's economic calendar is light, with only US building permits and housing starts scheduled for release.
Today's economic calendar is light, with only US building permits and housing starts scheduled for release.
UK jobs data released today showed a surprise increase in wages, which boosted the odds of another 25 basis point rate hike by the Bank of England (BoE) to 90%.
This week is relatively quiet on news this week, with the major headline being the FOMC minutes being released on Wednesday.
In a remarkable turn of events that defied the usual market volatility, the Dow Jones Industrial Average, alongside the S&P 500 and Nasdaq, soared to all-time highs, lifted by the Federal Reserve's latest policy. Wednesday's rally came on the heels of the Fed's decision to maintain interest rates at a 23-year peak while projecting three rate cuts by the end of 2024, sparking a wave of optimism across major market indices.
Volatility gripped the financial markets as investors dealt with the implications of hotter-than-expected inflation data, reigniting fears of further interest rate hikes by the Federal Reserve.
This past week, the stock market experienced a notable shift in momentum, transitioning from its recent highs to a more passive stance.
The stock market took a hit after a period of strong gains, countering the recent excitement around artificial intelligence and positive investor sentiment. Big tech companies, especially Apple, saw their stock prices fall, which dragged down the Nasdaq Composite.
In a session reflective of the varying dynamics of today's economy, Wall Street on Friday showcased a mixed performance with the Dow Jones Industrial Average and Nasdaq Composite climbing higher, while the S&P 500 slightly recoiled.
This week is heavy on economic data coming out from several corners of the world - here's what to look for.
Yesterday, the bond market experienced a significant surge in volatility, as indicated by the MOVE index, which measures bond market implied volatility.
In this article, we will delve into the significance of each data point and discuss how they could impact the foreign exchange (FX) markets.
Level up your trading activity - discover the INFINOX experience today.
Research & Insights
Our research will arm you with everything that you need to know to make the most of your financial trading opportunities.
Education
Curated especially for new traders. Our educational suite is an essential toolkit to getting started with your trading journey.