Market News

USD/JPY Reaches New 32-Year High Again Without Decisive BoJ Intervention; Yields Rising, US at Record Highs; Stocks Lower on Higher Inflation Data.

Statistics Canada’s figures revealed that inflation over the past 12 months is now at its lowest since April, and this data will give the Bank of Canada food for thought when it makes its next interest rate decision next week on 26 October.

British Inflation Expected at 10%; USD/JPY Reaches New 32-Year High Again as Weak BoJ Intervention Fails; US Dollar Recovering.

USD/JPY Reaches New 32-Year High; Stock Markets Rising Strongly as UK Abandons Unfunded Tax Cuts; British Pound Continues Rise; US Dollar Weakens.

The latest US CPI data released today showed a higher-than-expected increase, but on an annualized basis fell by 0.1% down to 8.2%, the lowest 12-month inflation figure recorded since February, which suggests the inflation problem may be easing.

USD/JPY Reaches New 24-Year High, No Intervention Yet; Stock Markets Sinking; Hawkish FOMC Minutes; UK GDP Shrinks; AUD/USD Trades at 2-Year Low Again.

USD/JPY Breaks Out, No Intervention Yet; Pound Spikes as BoE Whispers on Gilts ; AUD/USD Briefly Trades at 2-Year Low.

Global Stocks Lower for 4th Day; S&P 500 Close to 2-Year Low; Australian, New Zealand Dollars at 2-Year Lows; Greenback Stronger

Despite the current global economic headwinds and the fear of a potential recession, the United States’ labour market has continued to perform strongly.

OPEC Announces Production Cut; Stocks Rising Again as Faith Resumes in 2023 Fed Cut; ADP NFP Forecast Meets Expectations; RBNZ Holds Rate at 3.50%

Stocks Rise as Risk Sentiment Improves; Japanese Yen and US Dollar Weaken; Treasury Yields Drop; RBA Makes Shock 0.25% Hike.

Suzuki Warns Will Respond Appropriately to Weaker Yen; Crude Oil Higher on OPEC Rumour; Lula Narrowly Leads Bolsonaro as Brazil Presidency Faces Second Round.

BoE Intervenes in Gilts; Stocks, Risky Assets Bounce Back; US Dollar Sells Off; Fed’s Evans Sees Rates Peak in March 2023.

The UK Chancellor Kwasi Kwarteng unveiled the biggest range of tax cuts in 50 years, including a reduction of the highest rate of income tax from 45% to 40%.

Fed’s Kashkari Warns on Tightening; 10-Year Treasury Yields Exceed 4%; S&P 500 Reaches 2-Year Low; US Dollar Hits Long-Term Highs Against EUR and NZD; IMF Criticises UK Tax Cut Plan.