Market News

Risk Assets Recover as Mid-East War Remains Contained; Bitcoin Spikes to Near $30k on ETF Rumour; Aussie Gains on Slightly Hawkish Minutes; Israeli Shekel Hits 8-Year Low Price

Nikkei 225, HSI Make Strong Declines; US Dollar Weakens a Little; Mideast War Remains Contained to Israel and Gaza; Change of Government in New Zealand

The September US inflation report showed that the battle to push inflation lower will be long and difficult.

US CPI Expected to Fall to 3.6%; US Dollar Weakens, Gold and Stocks Rise;FOMC Minutes Show Further Hike Expected; Mideast War Remains Basically Contained to Israel and Gaza

US Dollar Weaker on Lower Hike Expectations, But Key Support Holding; Stocks Higher as Fed’s Kashkari Sees Inflation Falling

FOMC Members See Tighter Conditions Achieved, Implying Further Hike Not Needed; US Dollar, Yields Falls After Earlier Gains; Stocks, Gold Higher; Crude Oil Pares Gains.

Fears Conflict Will Widen Beyond Israel and Gaza; Crude Oil Jumps by Over 4% on Supply Fears, Stocks Lower, Gold Rises as a Safe Haven; US Dollar Firm

The Reserve Bank of Australia (RBA) has left its cash rate unchanged at 4.10% following the latest meeting of the Bank’s Board, marking a fourth straight pause.

Precious Metals Falling Hard; USD Reaches Long-Term High Against Japanese Yen; Stocks Rise Slightly as US Government Shutdown Averted

The final estimate GDP is based on more complete data than was available for the second estimate which was released in August.

USD Reaching Long-Term Highs Against All Major Currencies Except NZD and CAD; WTI Crude Oil Kisses $95; Stock Markets Remain Weak

USD Reaches Long-Term Highs Against Yen and European Currencies; Stock Markets Mostly Lower, NASDAQ 100, S&P 500 Hit Multi-Month Lows Yesterday

USD Reaches Long-Term Highs Against Yen and European Currencies; Bank of Japan Threatens Intervention, But No Action; Stock Markets Lower, Chinese and Korean Indices Reach Long-Term Lows

Federal Reserve Chair Jerome Powell sounded cautiously optimistic at the meeting, saying the Fed would “proceed carefully” but that it was close to “where we need to get”.

Fed Signals Another 25bps Hike in 2023, Fewer Rate Cuts in 2024; US Treasury 2-Year Yield Hits 15-Year High; Stocks Tumble, USD Strengthens; USD/JPY & Other Majors Hit Dollar Highs