Market Minutes
Read snapshots of the latest market news
USD/JPY climbs, eyes on Japan's response.
Today's focus includes the US Crude Oil inventory report, ECB speeches, and major corporate earnings
Gold extends record-breaking rally, China lowers rates
The People's Bank of China slashed key lending rates, with the 1-year LPR at 3.1% and the 5-year LPR at 3.6%. Meanwhile, gold prices continued their record-breaking rally, driven by rising geopolitical tensions
Gold's five-day winning streak continues
Gold hit a new high of $2,720 per ounce last week, reaching above $2,730 on Monday during Asian trading, marking its fifth consecutive day of gains.
Sterling gains on strong retail sales
Sterling rose on strong retail sales data, while Japan's inflation slowed, China's growth remained under pressure, and gold hit a record high amid geopolitical concerns
Gold at ATH, ECB cuts rates
Gold prices pushed through the $2700 resistance to claim $2714 a new record high on market uncertainty
USD at August highs, markets await key US data
Retail sales and jobless claims are in focus as markets weigh the impact of consumer spending against labor market conditions
Sterling slumps as UK inflation declines sharply
Sterling slumped after UK inflation data showed a sharper-than-expected decline, fueling expectations of a Bank of England rate cut, while inflation trends in New Zealand and the US also point toward easing monetary policies
Euro weakens: ECB faces deflation risks
Soft inflation in Europe fuels ECB easing expectations, while mixed UK employment data eases BoE inflation worries
Markets await PPI to confirm inflation trend
Today’s PPI report and consumer sentiment could influence upcoming decisions on rate cuts.
U.S. inflation cools, but core prices stay sticky
U.S. inflation slowed to 2.4% in September, marking the sixth consecutive month of easing. However, core prices, driven by food and shelter costs, remain elevated, suggesting the Fed will maintain a cautious approach on rate cuts