Market News

US Dollar Trading Lower; Minor Improvement in Risk Appetite; Euro and Aussie Strong.

The Bank of Japan surprised markets by announcing that its extremely dovish monetary policy was taking a hawkish tilt.

Silver Rises to Multi-Month High, Gold Close; Japanese Yen Rising Again; Stocks Higher, US Dollar Lower.

BoJ Makes Surprise Yield Curve Control Policy Shift; Yen Has Best Day in 24 Years, USD/JPY Reaches 4-Month Low; Precious Metals Higher, Silver Hits 8-Month High.

BoJ Makes Surprise Yield Curve Control Policy Shift; USD/JPY Reaches 4-Month Low, Stocks Falling Firmly; RBA Considered Pausing Hikes.

Asian Indices Down as Week Opens; Yen Jumps on BoJ Hawkish Pivot Signs.

3 European Central Banks Expected to Raise Rates Today; Fed Hikes Rates by 0.50%; Fed Sees Rates Above 5% in 2023, Powell: Fed Has “Ways to Go”;

US CPI Falls to 7.1%; FOMC Hike of 0.50% Expected; Risk-On Boost; UK CPI Data Awaits.

The latest figures from the Bureau of Labor Statistics (BLS) in the USA revealed that prices over the past 12 months fell by a significant 0.6% from last month’s data and was also 0.2% down from the 7.3% annualized that was expected by many analysts.

US CPI Expected to Fall Again; UK GDP Data Awaits; Bankman-Fried Arrested in Bahamas

Markets Expect Rate Hikes from Fed, ECB, BoE, SNB; Silver Hits 6-Month High; British GDP Data Due.

The Bank of Canada has increased interest rates by 0.50% to 4.25% in its seventh consecutive rate rise but has indicated that rate increases may slow down.

Federal Reserve Chairman Jerome Powell has signaled that there could be an easing of the pace of interest rate rises, which may begin as early as this month.

Rumour Emerges Chinese Policymakers Considering New COVID Policy; Chinese Unrest Eases; BlockFi Goes Bankrupt

Anti-Lockdown Protest Hit Beijing and Shanghai; Stocks, Crude Oil, Australian Dollar Weak on China, US Dollar Rises as Haven.