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Bank of Japan Hiked Interest Rates by 0.25% As Expected in 8-1 Vote
Partner Center The Bank of Japan (BOJ) raised its key policy rate by 25 basis points to 0.5% on Friday, marking its first rate hike since 2008, as the central bank moves to normalize monetary policy amid improving domestic economic conditions. Key Takeaways: Tightening decision passed with an 8-1 vo
Daily Broad Market Recap – January 23, 2025
Partner Center Investors appeared to be biting their nails ahead of U.S. President Trump’s speech in the World Economic Forum, which delivered on major announcements and big market moves. The S&P 500 index surged to a fresh record high while WTI crude oil tumbled sharply to close nearly 2% in th
CAD Held Firm As December Core CPI Challenged BOC Expectations
Partner Center Canadian consumer prices fell 0.4% month-over-month in December, bringing the headline inflation rate slightly lower to 1.8% from November’s 1.9%. The decline was heavily influenced by the mid-month GST/HST holiday that took effect December 14th. The tax break had notable impacts acro
New Zealand CPI Ticked Slightly Higher in Q4 2024
Partner Center New Zealand’s consumer price inflation came in slightly above expectations in the fourth quarter of 2024, rising 0.5% quarter-on-quarter and holding steady at 2.2% annually. This is marginally above the RBNZ’s forecasted 2.1% annual CPI level but still within the central bank’s target
Top Secrets of Gold Trading from JustMarkets analytics
Gold has long been a popular asset for traders, known for its high liquidity, strong correlation with economic factors, and role as a safe investment. However, over the past few years, gold has become a top asset due to the rise of geopolitical instability and macroeconomic crises. Gold trading is a
Australian Dollar Eases Despite Strong December Jobs Beat
Partner Center The Australian dollar broadly declined early Thursday, despite December’s employment report coming in stronger than expected. Data from the Australian Bureau of Statistics showed Australia’s labor market adding 56,300 jobs in December, significantly outpacing forecasts of a 15,000 inc
Daily Broad Market Recap – January 15, 2025
Partner Center Investors were biting their nails ahead of the highly-anticipated U.S. CPI release, leading to plenty of market consolidation before big breakouts were seen. Headline inflation came in line with consensus, but the core CPI showed moderating price pressures enough to keep most market p
U.S. Dollar Fell On Cooler December CPI But Quickly Rebounded On Inflation Worries
Partner Center Data from the U.S. Bureau of Labor Statistics was a mixed bag, with headline inflation rising more than expected but core inflation showing signs of moderation. Headline CPI climbed 0.4% in December, beating the forecast of 0.3%, mainly due to a 2.6% jump in energy prices. Monthly cor
U.K. December Inflation Cooled More Than Expected
Partner Center The United Kingdom’s headline inflation rate unexpectedly cooled to 2.5% year-over-year in December 2024, coming in below market expectations of 2.7% and November’s reading of 2.6%. The Office for National Statistics (ONS) data showed core inflation, which excludes volatile items, als
Daily Broad Market Recap – January 9, 2025
Partner Center With U.S. stock markets closed for the day, market participants turned their attention to changes in market sentiment, as well as the Challenger jobs report and Fed commentary. Risk assets had a mixed run, with commodities like gold and crude oil raking in strong gains while bitcoin c
China Reported Slower Price Pressures for December, Sparking Deflation Woes
Partner Center China’s consumer prices slowed from 0.2% year-on-year in November to 0.1% in December 2024, while producer prices continued their decline, reinforcing concerns about deflationary pressures in the world’s second-largest economy. Key points from the National Bureau of Statistics: Consum
Australian Dollar Slips as November CPI Data Fuels RBA Rate Cut Talks
Partner Center The Australian Bureau of Statistics (ABS) showed Australia’s headline inflation rising by 2.3% in the 12 months to November, up from October’s 2.1% reading, with underlying inflation measures signaling persistent price pressures. Excluding volatile items and holiday travel, consumer p
U.S. December 2024 ISM Services PMI Surpassed Expectations Along with JOLTS Report
Partner Center The Institute for Supply Management’s services sector gauge expanded at a faster pace in December, with the headline index rising to 54.1 from November’s 52.1 reading versus the 53.5 market consensus. More notably, the prices component saw its sharpest monthly increase in nearly a yea
Daily Broad Market Recap – January 6, 2025
Partner Center Markets saw major swings on Monday as rumors about Trump’s trade policy plans dominated headlines, with a Washington Post report suggesting targeted tariffs initially sparking a rally before Trump’s “fake news” denial trimmed gains. The Fed’s policy outlook also remained in focus as o
Gold Recap 2024: Part 1 – From Sideways to Stardom!
Partner Center Let’s kick off a quick recap of the year for gold. Because it is the king reserve asset for many and tends to react to all kinds of themes and catalysts, gold is always one to watch for fresh short and long-term opportunities. So, it’s usually a good practice to review its behavior ar
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