Market News

US Inflation Expected to Fall Slightly; Bitcoin Fall to New 2-Year Low Below $15,650; US Midterms Remain Inconclusive, Slow Counts in Key Races.

Emergency Crypto Exchange Deal Hits Crypto; US Dollar Continues Decline as Stocks Rise; US Midterms Likely to See Republican Gain.

Market Noise Dominates in Absence of News; US Goes to Polls in Midterms; Thursday’s US CPI Data Awaits.

China Holds to Zero Covid Policy, Seen Economically Damaging; WTI Crude Oil and Commodity Currencies Lower; US Dollar Making Small Gains.

It was a decision made following the latest meeting of the Federal Open Market Committee (FOMC).

The European Central Bank’s deposit rate is now pegged at 1.5%, with the main refinancing interest rate set at 2%.

USD/JPY Reaches New 32-Year High Again Without Decisive BoJ Intervention; Yields Rising, US at Record Highs; Stocks Lower on Higher Inflation Data.

Statistics Canada’s figures revealed that inflation over the past 12 months is now at its lowest since April, and this data will give the Bank of Canada food for thought when it makes its next interest rate decision next week on 26 October.

British Inflation Expected at 10%; USD/JPY Reaches New 32-Year High Again as Weak BoJ Intervention Fails; US Dollar Recovering.

USD/JPY Reaches New 32-Year High; Stock Markets Rising Strongly as UK Abandons Unfunded Tax Cuts; British Pound Continues Rise; US Dollar Weakens.

The latest US CPI data released today showed a higher-than-expected increase, but on an annualized basis fell by 0.1% down to 8.2%, the lowest 12-month inflation figure recorded since February, which suggests the inflation problem may be easing.

USD/JPY Reaches New 24-Year High, No Intervention Yet; Stock Markets Sinking; Hawkish FOMC Minutes; UK GDP Shrinks; AUD/USD Trades at 2-Year Low Again.

USD/JPY Breaks Out, No Intervention Yet; Pound Spikes as BoE Whispers on Gilts ; AUD/USD Briefly Trades at 2-Year Low.

Global Stocks Lower for 4th Day; S&P 500 Close to 2-Year Low; Australian, New Zealand Dollars at 2-Year Lows; Greenback Stronger

Despite the current global economic headwinds and the fear of a potential recession, the United States’ labour market has continued to perform strongly.