Weekly Report
Fed Messaging Chaos Nudges Dollar Higher, Not Higher Enough
Global markets closed last week on an uncertain footing. While bears appeared to have an upper hand, the control was never firmly gripped. Conviction was relatively thin as traders were reluctant to commit decisively. The overall impression was of markets still searching for a coherent theme to latch onto....
Investors Step Back From US Assets Ahead of Data Flood
Last week delivered what should have been a moment of relief for global markets: the US finally ended its historic government shutdown, clearing the way for normal economic data flow to resume. Yet instead of sparking a rally, the reopening brought little comfort.
U.S. assets struggled across the board. Equities...
Dollar Ends Mixed as AI Bubble Fears, US Shutdown, and Tariff Court Case Collide
It was another volatile week in global markets, defined less by fresh data and more by the growing weight of unresolved macro risks. With the U.S. government still in shutdown and a raft of key economic reports missing, investors were left to trade sentiment rather than facts — and...
Dollar and Yields Rise Sharply After Fed, But Both Near Key Barriers Ahead
It was a week packed with market-moving headlines and wild cross-asset swings. Traders found themselves caught between optimism over a U.S.–China trade breakthrough and caution sparked by a hawkish twist from the Fed. The result was a volatile mix that saw US equities push to new records, yields jump,...
Global Risk Rally Reignites as US, UK, and Japan Hit All-Time Highs
Global markets resumed their risk-on momentum last week, buoyed by softer U.S. inflation data, easing political uncertainty, and renewed optimism over global trade. In the U.S., both DOW and S&P 500 climbed to fresh record highs after September CPI figures came in below expectations, cementing confidence that the Fed...
Swiss Franc Rally Signals Deepening Market Unease
Global markets ended the week with an uneasy calm, masking what appears to be growing stress beneath the surface. Wall Street showed resilience — the major indexes finished higher after mid-week volatility sparked by renewed concerns over regional bank stability. Yet in Europe, sentiment was more fragile, as bank-led...
Trade War Shock Roils Markets in a Politically Charged Week
It was a week dominated by politics — both domestic and international — as shifting power dynamics and fresh policy risks rippled through global markets. In Japan, optimism surged after Sanae Takaichi’s victory in the ruling LDP leadership race, clearing the way for her to become the country’s first...
Shutdown Fails to Shake Risk Appetite; Dollar Slips, Not Sinks
A week with political paralysis in Washington ended with record highs on Wall Street — a telling sign of how investors are prioritizing Fed policy over fiscal drama. The U.S. government shutdown, now in effect after Congress failed to pass a funding bill, has frozen major data releases and...
Dollar Dominates as Strong Data Cuts Odds of Aggressive Fed Easing
Currency markets closed last week with a shift in tone, as traders suddenly found themselves recalibrating on Fed's easing path once again. The resilience of the US economy surprised many. Growth, hiring, and investment all showed more strength than anticipated, fueling doubts about whether policymakers truly need to accelerate...
Everybody Happy? Fed’s Decision Calms Markets—for Now
The past week has been anything but quiet for global markets. A long-anticipated Fed rate cut finally arrived, but the message was less dovish than traders had braced for. Instead, policymakers struck a balance — restarting the easing cycle while simultaneously projecting confidence in the economy’s resilience. That left...
Calm Before the Fed: Dollar Soft, Markets Brace for Guidance
Markets traded with a subdued tone today as investors awaited the Fed’s highly anticipated policy decision. The Fed is expected to cut rates by 25bps, but the real market mover will be the details: how divided the vote is, what the updated projections show, and the signals Chair Jerome...
Risk Appetite Anchored by Fed Cut Bets, Aussie Outshines Peers
Markets entered last week with elevated anticipated and left with even sharper convictions. Weak U.S. labor data tilted sentiment decisively toward faster Fed easing, while equity markets used that prospect as a springboard to yet another round of record highs.
Bond markets echoed that view. US 10-year yield broke briefly...
Dollar Falters and Yields Dive, Gold Hits New Highs, Stocks Hesitate
The past week in global markets has been anything but routine. What began as cautious positioning around economic data turned into a full-scale rethink of Fed policy and global growth prospects. Currency traders, bond investors, and equity markets were all forced to adjust as the numbers told a weaker...
Breakout or Breakdown? Gold, Dollar, and China Rally to Shape Risk Into Year-End
The past week was anything but quiet for global markets, even if headline price moves in currencies looked muted. Beneath the surface, three powerful narratives are colliding: political turmoil in the U.S. that threatens the independence of its central bank, a legal battle that could reshape global trade policy,...
Powell’s Dovish Pivot Sinks Dollar, Propels Wall Street to Records
The past week marked one of the most decisive turns for markets in months. Fed Chair Jerome Powell’s Jackson Hole speech was the clear catalyst, tilting Fed closer to easing and sparking a rally that lifted Wall Street to new highs. Dollar, by contrast, tumbled sharply.
On the surface, Swiss...
Currencies Split: Pound, Euro, Yen Firm While Antipodeans Sink
Markets spent the past week navigating a narrow path between relief and reality. Relief came from headline trade developments that bought more time for diplomacy. Reality showed up in the form of fresh price pressures and unresolved global tensions. The contrast defined how investors approached risk, producing a complex...
GBP Tops as Risk Currencies Shine, CHF Anchors the Rear
Last week’s FX leaderboard was dominated by growth-linked and higher-yield currencies, with Sterling, Aussie, and Kiwi outpacing the field. At the other end, traditional safe havens found themselves out of favor, with Yen and Swiss Franc bringing up the rear.
Sterling’s climb came on the back of a narrow 5–4...
From Optimism to Unrest, Summer Rally Cracks
Markets entered last week riding a wave of optimism, but exited rattled. Wall Street could have marked the end of its summer rally, with Friday’s sharp selloff capping a week of crosswinds, from upbeat GDP numbers and trade deals to dismal job data and institutional upheaval. Dollar, too, saw...
Risk Appetite Builds After US-Japan Deal, DAX and Euro Awaits Transatlantic Breakthrough
Investor sentiment turned decisively upbeat last week, with global equities rallying on the back of a landmark trade agreement between the US and Japan. The deal was welcomed by markets as a major breakthrough just days ahead of the August 1 tariff deadline.
Japan’s Nikkei surged past 42k mark, with...
Dollar Stays Top as Resilient Data Overshadows Tariff and Political Risks
Markets showed surprising composure last week as equities climbed and Dollar dominate FX rankings. NASDAQ’s relentless ascent and a fresh record for the S&P 500 highlighted investor confidence despite growing political noise and tariff tensions.
Elsewhere in FX, Euro and Sterling held firm, along with Loonie but were largely lifted...