Market News

US Core CPI Expected to Fall Slightly; US Dollar Makes Minor Gains

Stock Markets Mixed to Bullish; Gold Rising Again; BoJ’s Ueda Optimistic on Inflation

NFP Sees 253k New Jobs; Stock Markets Bullish; Dollar Falling In-Trend; Gold Near Record High

The Fed hikes rates yet again, but drops language hinting at future hikes, leading to increased expectations that this tightening cycle is over.

ECB Expected to Raise Rates Today; Fed Hikes by 0.25%, Drops Language About Further Raises; Dollar Falling In-Trend; WTI Crude Oil Bounces from 14-Month Low

Fed Expected to Hike by 0.25% Today; US Banking Concerns Resurface; WTI Crude Oil Drops Hard

Reserve Bank of Australia Surprises With Higher Rates; Fed Expected to Hike by 0.25% Wednesday; Yean Weakness Ongoing; Soft Commodities Rise: Sugar, Cocoa ETFs Near Multi-Year Highs

UK, Germany, France, Switzerland on Holiday; Fed Expected to Hike by 0.25% Wednesday; First Republic Talks Ongoing; Soft Commodities Rise: Sugar, Cocoa ETFs Near Multi-Year Highs

US Advance GDP data released last Thursday showed an annualized increase over the first quarter of 2023 of only 1.1%, much lower than the 2% which had been widely expected or the previous quarter’s 2,6%.

US GDP Expected to Show 2% Growth; China Leads Asian Lower; Bitcoin Set to Test $30k Again; Soft Commodities Rise: Sugar, Cocoa ETFs Near Multi-Year Highs

US Dollar Index Falls to 1-Week Low; Governor Ueda States Trend Inflation Increasing; China Leads Stocks Lower; Soft Commodities Rise: Sugar, Cocoa ETFs Near Multi-Year Highs

Ueda States Trend Inflation Below 2% Target; Stocks Edge Down, US Dollar Firmer; Soft Commodities Rise: Sugar, Cocoa ETFs Near Multi-Year Highs

New Zealand CPI Cools to 6.7% Unexpectedly; Soft Commodities Rise: Sugar, Cocoa, Coffee ETFs Near Multi-Year Highs; US Dollar, 2-Year Treasury Yields Firmer

UK inflation has eased by a slower rate than anticipated in the year up to March 2023, falling by just 0.3% to 10.1% compared to the figures for February, which is likely to lead to a slightly more hawkish approach by the Bank of England.

Soft Commodities Rise: Sugar, Cocoa, Coffee ETFs Near Multi-Year Highs; US Dollar, 2-Year Treasury Yields Firmer; Canadian Inflation Falls