Market News

The Bank of Canada lowered rates on Wednesday by 25 basis points, lowering its key interest rate to 4.25%.

US Yield Curve Dis-inverts; Global Stocks Continue Decline; Japanese Yen Advances Strongly; Most Commodities Continue Decline; Disappointing US Jobs Data

Global Stocks Trade Sharply Lower; Japanese Yen Advances Firmly; Most Commodities Continue Decline; Aussie Lower on Poor GDP Numbers

Global Stocks Trade Lower; Japanese Yen and US Dollar Strongest in Forex; Most Commodities Decline

Stronger Yen as More Institutions Forecast USD/JPY Below ¥140; Hawkish Rate Comment from RBA; Commodities Lower in Early Trading

According to the BEA, United States second-estimate GDP for the second quarter, released earlier today, indicated that the economy expanded at an annualized rate of 3.0%.

Canada’s Consumer Price Index (CPI) rose to 2.5% year-on-year in July, down from 2.7% and the lowest level since March 2021.

US CPI Drops From 3.0% to 2.9%, Stock Markets Edge Higher; US Dollar Looking Heavy on Support; Gold Flirts With Record High; EUR/USD Reaches 2024 High at $1.1050

US inflation for July rose 2.9% year-on-year, close to expectations. The US Dollar is showing little reaction to the inflation report.

RBNZ Cuts Rates by 0.25%; Markets Await US, UK CPI Data; Stock Markets Continue Recovery; Gold Flirts With Record High; EUR/USD Tests $1.1000

Crude Oil Rises by Over 3% as Iran Expected to Attack Israel; Stock Markets Continue Recovery; Gold Flirts With Record High

Quiet Start to Week; Markets Eyeing Upcoming US Inflation Data; Weak Bid on Risky Assets Today

US Dollar Index Trades Lower Near Support; Markets Start to Stabilise; Harris Takes Lead in Betting Market for US Presidency

Japanese Yen 2% Lower as BoJ Pledges No Hike; NZD Rises on Strong Employment Data; Risk Assets Recover, US Treasury Yields Rise

The Reserve Bank of Australia (RBA) maintained the cash rate at 4.35% following the latest meeting of the Bank’s Board.