Market Minutes

Read snapshots of the latest market news

Gold prices hover near two-week lows

Gold prices tumbled overnight, hovering near two-week lows around $2,336, marking the first weekly loss in three weeks.

UK CPI data boosts GBP/USD

Stronger-than-expected UK inflation data leads to a notable increase in the GBP/USD pair

Fed's Bostic sees higher rates; BoE's Broadbent hints at cut

Atlanta Fed President Raphael Bostic predicts a higher long-term interest rate, while BoE Deputy Governor Ben Broadbent signals a potential rate cut this summer amidst ongoing inflation adjustments.

Gold and silver surge to record high

Gold prices soar to a historic pinnacle of $2,450 and silver at $32,28

Closeup on markets ahead of US PPI Data and Powell's speech

Precious metals shine despite strengthening US dollar, as markets are cautious ahead of inflation figures

Daly debates Fed rate amid inflation uncertainty

San Francisco Fed President Mary Daly weighs the Federal Reserve's potential interest rate decisions amidst uncertain inflationary trends, highlighting the dual scenarios influencing policy deliberations.

April Nonfarm Payrolls disappoints

Non-farm and private sector employment fall short of expectations, signaling a slower-than-anticipated pace of job creation.

All eyes on FOMC meeting and Powell’s comments

Amidst economic ambiguity, market awaits insights from the upcoming Fed meeting

Euro Area inflation holds steady, economy shows resilience in Q1 2024

In April 2024, Euro Area inflation holds steady at 2.4%, while core inflation eases to 2.7%. The Eurozone's Q1 2024 economy grows by 0.3%, exceeding expectations. Bank of Japan's reported intervention in the FX market impacts currency dynamics.

A holiday in Japan, but not a holiday for Yen

Amidst holiday-thinned trading, the yen's sharp slide below 160 against the dollar, followed by a swift rebound, sparks speculation over potential intervention by Japanese authorities amidst concerns over Federal Reserve policy implications.