Market News

Bitcoin Below $31k, But Looking Bullish; Markets Await FOMC Minutes; USD/JPY Stuck Below ¥145; Cocoa Hits New High; OPEC Cuts Production

Reserve Bank of Australia Governor Phillip Lowe said in a statement earlier today that the decision to maintain rates at 4.10% this month would provide the RBA with more time to assess the strength of the economy and the impact of interest rate increases on the economy.

RBA Leaves Rates at 4.1%, Aussie Drops; US Holiday; Japanese Yen Remains Weak; Stocks Mixed; Cocoa Hits New High; Bitcoin Closes Above $31k

Major Asian Indices Up >1.5%; Japanese Yen Weak, USD/JPY Breaks ¥145 Friday; Markets Await Swiss CPI and RBA

US Final GDP data released on Thursday showed an annualized increase in the first quarter of 2023 of 2.0%, revised upwards from the second estimate in May of 1.3%.

BoJ Governor Defends Easing, USD/JPY Breaks ¥144.50; Asian Stocks Lower; Markets Await US Final GDP and German Preliminary CPI

Australian Inflation Lower than Expected, Aussie Sinks; Canadian Inflation Falls to 3.4% as Expected; Tech Stocks Slide on Fears of US Export Curbs; Kanda Tweets as Yen Weakens, USD/JPY Breaks ¥144

USD/CAD Trading at Long-Term Low Ahead of Inflation Release; Tech Stocks Slide as Markets Wary of Expecting US Rate Cuts; Rumour Bank of Japan Will Prop Up Yen at ¥145.

Markets Open Calmly With Low Volatility; Russian Wagner Rebellion Over; Japan Warns of Response to “Excessive” Yen Movement

The BoE was widely expected to raise rates at Thursday’s meeting, but the extent of the hike had the markets guessing right up to the rate announcement.

0.25% Hikes Expected in UK and Switzerland; Powell Hawkish Before House, but Dollar Falls, Yen Weak; UK Inflation Remained High; Bitcoin Makes Strong Gains

Stocks Lower as Powell Expected to Emphasize Further Hikes, but Japanese Equities Rise; UK Inflation Data Release Due

Japanese Yen Weakness Stands Out, USD/JPY Hits 1-Year High, GBP/USD in Strong Trends; Stocks Weaken in Asia; RBA Minutes ‘Finely Balanced’

Chinese Stimulus Looking Unlikely; USD/JPY, GBP/USD in Strong Trends; Stocks Weaken in Asia

US Federal Reserve Leaves Rates Unchanged, Points to Further Hikes; Japanese Yen Weakens to 7-Month Low, US Dollar Falls But Rebounds; Stocks Strengthen.