Market News

WTI Crude Oil Continues Strong Advance; Chinese GDP Beats Expectations; Bond Yields Rise

US Inflation Highest in 40 Years; Dollar Falls Despite Bullard Mooting 4 Hikes in 2022; Commodity Currencies are Strongest Gainers

US inflation rises again this month to reach its highest level in 40 years, sending the US Dollar lower.

Jerome Powell stated that a decision on running down the Fed’s $9 trillion balance sheet could take “months” to make.

Powell’s Comments boosts Stocks and knock the Dollar. Commodities and Crypto gained; market awaits today’s US CPI release.

US stock markets fell quite strongly yesterday, but then rebounded to claw back losses by the end of the day.

Goldman Revises Forecast; Asian Stocks Mixed; Forex Market Sees Stronger AUD, USD; Markets Look to Wednesday’s US CPI Release

Last Friday’s NFP data showed a strong undershoot in new US jobs created last month, but markets seem to be awaiting next Wednesday’s US inflation data before making a major move.

The FOMC Meeting Minutes release yesterday revealed members using language on inflation and the Fed’s balance sheet which suggest a more hawkish tilt to its monetary policy, shifting price movements in financial markets.

FOMC Knocks Risk Sentiment; US Stocks Tumble; Forex Market Sees Strong EUR, Weak AUD; Markets Look to Friday’s NFP Release

S&P 500 Hits All-Time High; Forex Market Sees Strong EUR, USD, Weak JPY; Markets Look to FOMC Release; Record Coronavirus Spread

Forex Market Sees Strong USD on Rising Yields, Weak JPY; US Stocks Near Record High

Forex Market Sees Strong USD/JPY; Global Coronavirus Infections Soar to New Records; Markets Quiet on Extended New Year Holiday

Stocks Trade Sideways; Forex Market Sees Strong USD/JPY; Global Coronavirus Infections Soar to New Records

Agricultural Commodities, Stocks Drop; Forex Market Sees Strong USD/JPY; Record Total of Coronavirus Infections Reported Globally