Market News

The latest FOMC meeting minutes show that the “restrictive policy” of a tightening of monetary direction will have to be continued while inflation remains high.

FOMC Minutes Show Stern Resolve, Warning; Gold Reaches New 6-Month High; Amazon, Salesforce Announce Major Job Cuts

FOMC Minutes Hoped to Explain Inflation Fear; BoJ Announced More Bond Purchases; US Dollar Spike Ends.

Gold and Silver Make Bullish Breakouts; Japanese Yen Continues as Strongest Currency; HSI Close to 4-Month High

Bank of Japan’s Spontaneous Buying Boosts Yen; Kiwi Strong, Dollar & Swiss Franc Weak; Stocks Lower on China Covid Fears.

Gold and Precious Metals are Strong; Aussie Strong, Yen Weak; HSI Rises by >1%; Treasury Yields Higher

US Dollar Trading Lower; Minor Improvement in Risk Appetite; Euro and Aussie Strong.

The Bank of Japan surprised markets by announcing that its extremely dovish monetary policy was taking a hawkish tilt.

Silver Rises to Multi-Month High, Gold Close; Japanese Yen Rising Again; Stocks Higher, US Dollar Lower.

BoJ Makes Surprise Yield Curve Control Policy Shift; Yen Has Best Day in 24 Years, USD/JPY Reaches 4-Month Low; Precious Metals Higher, Silver Hits 8-Month High.

BoJ Makes Surprise Yield Curve Control Policy Shift; USD/JPY Reaches 4-Month Low, Stocks Falling Firmly; RBA Considered Pausing Hikes.

Asian Indices Down as Week Opens; Yen Jumps on BoJ Hawkish Pivot Signs.

3 European Central Banks Expected to Raise Rates Today; Fed Hikes Rates by 0.50%; Fed Sees Rates Above 5% in 2023, Powell: Fed Has “Ways to Go”;

US CPI Falls to 7.1%; FOMC Hike of 0.50% Expected; Risk-On Boost; UK CPI Data Awaits.

The latest figures from the Bureau of Labor Statistics (BLS) in the USA revealed that prices over the past 12 months fell by a significant 0.6% from last month’s data and was also 0.2% down from the 7.3% annualized that was expected by many analysts.