Market News

Swiss inflation misses expectations at 0.7%, raising the likelihood of a 50-bps SNB rate cut to counter franc appreciation and economic challenges.

S&P 500, DAX, ASX 200 All Trade at All-Time High Prices; Commodity Currencies Battered by Trump BRICS Tariff Threat; Bank of Japan Considering a Triple Rate Hike; Fed’s Waller Leaning Towards December Rate Cut

Trump Warns BRICS Against Pursuing Dollar Alternative in Social Media Post; Japanese Yen Loses Value During Tokyo Session; French Budget Deadlock Sends Euro Lower; Chinese Yuan Reaches 4-Month Low Price

Fed minutes highlight gradual rate cuts amid steady inflation, with PCE data reinforcing a likely December reduction and market volatility increasing.

Core US PCE Data Edges Higher to 2.8%; Bitcoin Rising Again on Trump Admin Likely Picks; Trump’s Mexico Tweet Causes Peso Volatility

Australian CPI Unexpectedly Weak; RBNZ Cutes Rates by 0.50%; Bitcoin Trades Below $91,000; FOMC Meeting Minutes Mixed, Chance of December Cut Rises to 66%; Markets Look to Crucial US Data Later

Bitcoin Falls to $94,000; President-Elect Trump Announces Tariffs on Mexico, Canada, and China; Fed’s Kashkari Sees December Rate Cut as “Reasonable”

Bitcoin Makes New Record High Above $99,000; Stocks Higher on Trump Treasury Secretary Pick; US Dollar Declines

Bitcoin Makes New Record High Above $98,000; US Dollar Bounces Back; UK Inflation Ticks Higher; Gold Gaining Firmly After Bounce

UK inflation rose to 2.3% year-on-year in October, compared to 1.7% in September. This was higher than the market estimate of 2.2%. The main drivers of the gain were higher housing prices and the rise in the government’s energy cap

Canadian Median CPI up to 2.5%; Bitcoin Touches New Record High, Coils for Breakout; Stock Markets Higher; US Dollar Rally Gives Up More Gains

Bitcoin Consolidates Below $93k Again; Stock Markets Higher; US Dollar Gives Up Some Gains

Bitcoin Approaching $93k Again; Chinese Policy Support Gives Stocks Minor Bid; Bank of Japan Leaves Rate Hike Timing Open; US Dollar Consolidating

Bitcoin Reaches $93k; US Annualized Inflation Rises to 2.6% as Expected, Fed Members Worry Over Cuts; US Dollar Index Rises to 2-Month High, With EUR/USD and USD/CAD Showing Year+ Highs; Non-US Stocks Weak on Trump Fears

US inflation for October 2024 accelerated to 2.6% year-on-year, in line with expectations. Core inflation remains unchanged at 3.3%, and the US dollar climbed against the major currencies today.