Market News

Quiet Asian Session Sees Continued Risk-Off Theme; US Dollar Remains Firm; Stock Markets Lower

The FOMC meeting minutes shows members had considerable fears over negatively impacting growth by continuing rate hikes but must press on to combat inflation.

New Zealand’s central bank continued its hawkish response to soaring inflation by announcing a seventh consecutive interest rate rise, as the official cash rate increased by 0.5% to 3%.

NZD at 3%; Stocks Remain Strong, Risk Rally Continues; Canadian Inflation Drops

S&P 500 Index Reaches New 3-Month High; Risk Rally Continues; RBA Minutes Suggest Further Rate Hikes

Bitcoin Breaches $25k; S&P 500 Index Reaches 3-Month High; Risk Rally Continues

US Inflation Falls to 8.5%; Greenback Sells Off; Stocks, Risky Assets Higher

Over the past 12 months the CPI revealed that inflation has increased by 8.5% over the past year, a fall from the 9.1% year on year rise that was announced last month for June.

US Inflation Data Due Later; Stocks, Risky Assets Slightly Lower

US Inflation Data Due Tomorrow; Global Growth Concerns; Bitcoin, Commodities Higher

Job Growth Suggests Stronger Hikes Needed; US Dollar Advances; RBNZ Raises Inflation Forecast

UK interest rates reach their highest level in 6 years as inflation forecast increases.

BoE Meeting on Rates and Monetary Policy; US Services Buoyant; Kashkari Says No 2% Inflation for Years; S&P 500 Near 2-Month High

Greenback Gains Ground, Euro Weak; US JOLTS Job Data Lower; Taiwan Tension; FOMC Remarks

Greenback Drops, Yen Strong; RBA Hikes by 0.50%; US JOLTS Job Data Awaits