All Articles

BoJ minutes indicate potential rate hike, yen slips

The BoJ minutes signaled that the BoJ remains open to further rate hikes, provided that growth and inflation moves as expected. Members also said that the US-Japan trade agreement had reduced the uncertainty over tariffs.

08-08-2025 12:45 GMT by Kenneth Fisher

Canada braces for weak jobs report, Canadian dollar steady

Canada releases the July jobs report, which is expected to show a sharp drop in job growth and a rise in the unemployment rate. A weak employment release will support a rate cut from the Bank of Canada.

08-08-2025 09:10 GMT by Kenneth Fisher

New Zealand inflation expectations inch lower, New Zealand dollar rises

New Zealand inflation expectations eased very slightly in the third quarter, which will allow the Reserve Bank to stay on track for a rate cut later this month.

07-08-2025 16:15 GMT by Kenneth Fisher

BoE poised to lower rates, Pound steady

The BoE is widely expected to lower rates today by a quarter-point to 4.0%. This would be the first rate cut since February. The BoE is caught between a deteriorating economy and rising inflation and that could be reflected in a split MPC vote.

07-08-2025 10:30 GMT by Kenneth Fisher

Eurozone retail sales rebound, euro pushes higher

The eurozone posted mixed data today. Eurozone retail sales bounced back with a gain of 0.9% m/m. German Factory Orders declined for a second consecutive month. The Fed is widely expected to cut rates at the September meeting.

06-08-2025 15:35 GMT by Kenneth Fisher

New Zealand's unemployment rate rises to 4½ high, Kiwi pushes higher

New Zealand posted a soft jobs report for Q2. Job growth declined by 0.1% and unemployment rate ticked up to 5.2%, the highest since 2020. We'll hear from three FOMC members later today, with investors hoping for some insights about the Fed rate path.

06-08-2025 09:45 GMT by Kenneth Fisher

Eurozone, US Services PMI lower than expected

Business activity remains weak in both the eurozone and the US. Eurozone Services PMI rose slightly in July to 51.0, up from 50.5 in June. In the US, the ISM Services PMI softened to 50.1, down from 50.8 in June. This points to stagnation in the services sector.

05-08-2025 15:30 GMT by Kenneth Fisher

S&P 500 shows a decline after the US Services PMI miss

US ISM Services PMI missed expectations at 50.1 vs 51.5 consensus, edging close to contraction territory and sparking equity market pullbacks. The US Dollar also retreated after briefly breaking the 99.00 DXY handle, slipping back into the 98.00 range. We break down the S&P 500 chart to spot key zones as USD-equity correlations tighten.

05-08-2025 14:48 GMT by Elior Manier

New Zealand employment expected to decline, US ISM Services PMI

New Zealand releases the Q2 employment report on Wednesday and the markets are expecting a -0.1% reading and for the unemployment rate to rise to 5.3% from 5.1%. In the US, the ISM Services PMI is expected to improve slightly to 51.5, which put indicate weak expansion.

05-08-2025 14:00 GMT by Kenneth Fisher

BoJ minutes indicate more rate hikes coming, yen dips

The Bank of Japan minutes from June indicated that the central bank plans to raise rates if growth and inflation increases in line with BoJ forecasts. The US ISM Services PMI is expected to rise 51.5 in July, which would indicate weak expansion.

05-08-2025 10:40 GMT by Kenneth Fisher

Swiss inflation unchanged, Swiss franc extends gains

Swiss inflation was unchanged in July, down from 0.2% a month earlier. If inflation continues to drop, the SNB could push interest rates into negative territory. US nonfarm payrolls came in at 73 thousand, lower than expected, and the May and June reports were revised sharply lower. This points to widening cracks in the US labour market.

04-08-2025 15:00 GMT by Kenneth Fisher

Australia inflation gauge hits 20-month high, Aussie gains ground

Australia's MI inflation guage jumped 0.9% in July, up sharply from 0.1% in June. The RBA is widely expected to cut rates on Aug. 12 as inflation has been contained. US nonfarm payrolls were weaker than expected, as the cracks in the labor market appear to be wider than previously expected.

04-08-2025 14:15 GMT by Kenneth Fisher

Japanese yen soars on weak US jobs report

The US employment report was softer than expected and has raised concerns about the strength of the labor market. Job growth in July was 73 thousand, well short of the estimate of 110 thousand. As well, the May and June figures were revised sharply downwards. The BoJ releases the minutes of its June meeting on Tuesday.

04-08-2025 11:35 GMT by Kenneth Fisher

FXDS | Blog | Manager Forex Volatility How To | Hero

Major NFP disappointment combined with sharp downward revisions

Crucial Non-Farm Payrolls report, showing a consequent miss. With just 73K jobs added vs 110K expected and a brutal downward revision for the prior month, risk assets are selling off sharply. The VIX surging, bonds and gold ralling, and traders now price in greater odds of a Fed rate cut in September.

01-08-2025 13:09 GMT by Elior Manier

Canada's GDP contracts, US nonfarm payrolls misses forecast

Canada's GDP for May showed a 0.1% decline, identical to the April release. June is expected to be better, with a market estimate of 0.1%. US nonfarm payrolls was much lower than expected at 73 thousand, compared to the market estimate 106 thousand. Still, this was better than the May report of a revised 14 thousand.

01-08-2025 10:25 GMT by Kenneth Fisher

The SEC launches Project Crypto – Crypto news

The SEC just announced Project Crypto – Explore what it changes in terms of wider adoption for digital assets and take a look at the global Crypto Market Technicals to get some edge before tomorrow's key NFP release.

31-07-2025 19:43 GMT by Elior Manier

BoJ raises inflation forecast, yen weakens past 150

The Bank of Japan held rates at 0.50% at today's policy meeting. The central bank revised upwards its inflation forecast, which could signal a rate hike before the end of the year. The Federal Reserve also maintained rates on Wednesday, with Fed Chair Powell stating that no decision had been made regarding the September meeting.

31-07-2025 16:05 GMT by Kenneth Fisher

The Federal Reserve keeps their rates unchanged

The FED keeps their rates unchanged between 4.25% to 4.50% – Access the reports and observe a few reactions to some key assets

30-07-2025 18:17 GMT by Elior Manier

Canadian dollar slips to 2-month low as BoC maintains rates

The Bank of Canada held the benchmark rate at 2.75% today, as widely expected. The BoC statement expressed concern about the "unpredictable" US trade policy. The Fed meets tonite and is virtually certain to hold rates.

30-07-2025 14:50 GMT by Kenneth Fisher

Australian inflation lower than forecast, Fed up next

Australia's inflation rated dropped to 2.1% in Q2, which was lower than expected. This cements a quarter-point rate from the RBA at the August meeting. The Fed meets today and is widely expected to maintain rates for a fifth straight meeting.

30-07-2025 09:00 GMT by Kenneth Fisher

All news & analysis