European markets opened little changed today: With the US markets closed for Martin Luther King Day, and Trump’s inauguration as the 47th US President later today (17:00 GMT), market activity is expected to remain muted. US futures are similarly calm, with S&P 500 futures up just 0.1%. China Leadership Shift...
#MonetaryPolicy #GlobalMarkets As HUBFX’s Chief Economist, I am delving into the latest financial trends, central bank strategies, and global economic developments. This week, key insights span Japan’s cautious monetary stance, China’s pension expansion, and Australia’s surprisingly robust labor market data. Let’s dive into the implications and potential market movements. 🔍...
Insights on US Mortgage Data, GBP/USD Trends, and Key Economic Updates 📰💹 US MBA Mortgage Applications: Surging Activity Amidst Mixed Trends 🏡📊 Date: November 22, 2024Reported: +6.3% (prior +1.7%) The US MBA Mortgage Applications index saw a significant surge of 6.3%, driven by a sharp rise in purchase activity. This...
USD/JPY Technical Analysis: Navigating Key Levels and Trends 1. Market Overview: A Week of Rangebound Movement 🌀 The USD/JPY pair has exhibited a rangebound trading pattern throughout the past week. Despite sporadic late-day strength in the USD, these gains were largely erased, leaving the pair oscillating around critical levels. 2....
Overview Today’s market movements reflect a complex interplay of political developments, economic indicators, and sector performance. Notably, the UK financial landscape is under scrutiny following the Labour Party’s first budget in 15 years, leading to significant shifts in bond yields and currency valuations. UK Economic Developments A spokesperson for Labour...
HUBFX Market Report: October 9, 2024 – Trade Ideas and Market Insights Good morning, afternoon, and evening to all our global traders! Today’s economic calendar is packed with Federal Reserve speeches, crude oil updates, and ongoing geopolitical tensions. Market participants are keeping a close eye on the USDJPY, EURGBP, and...
HUBFX Market Report – Asia Economic Calendar for 08 October 2024 The economic calendar for October 8, 2024, is packed with critical events that will drive market movements, particularly in currencies, commodities, and equities. Central banks will take the spotlight today, with speeches from Federal Reserve officials and the Reserve...
Welcome to the Weekly Forex Report, your go-to source for analysing the latest forex market trends. This week’s report covers the rise of USD/JPY and the impact of falling Canadian retail sales. A Big Day for Canada In this Weekly Forex Report, we explore key movements, Canada took centre stage...
HUBFX Weekly Market Report: ECB’s Simkus, Market Volatility, and Technical Analysis Insights In this week’s HUBFX report, we delve into the most significant market events shaping the financial landscape. The European Central Bank’s (ECB) hawkish stance, the turbulent state of global markets, the significant drop in oil prices, and critical...
IMF Chief Economist Endorses BoJ Rate Hikes The Jackson Hole annual economic symposium brought insightful commentary from IMF Chief Economist Pierre-Olivier Gourinchas, who emphasized that the Bank of Japan’s (BoJ) gradual rate hikes are a positive development for Japan. Gourinchas noted that inflation in Japan is now above the BoJ’s...
