Market Minutes

Read snapshots of the latest market news

Japan consider intervention with USDJPY near 160

The BoJ is considering market intervention as USD/JPY nears 160. Rising inflation risks and yen depreciation were key discussion points in the latest policy meeting, with potential rate hikes and adjustments to bond purchases on the table.

24 Jun 2024, 07:30
Japan consider intervention with USDJPY near 160

UK growth remains flat

Asian markets face selling pressure; Chinese weak CPI inflation data release

12 Jun 2024, 06:47
UK growth remains flat

Gold price dive: China's PBOC halts 18-month gold buying streak

China's PBOC reported unchanged gold holdings in May, ending an 18-month buying streak.

10 Jun 2024, 08:18
Gold price dive: China's PBOC halts 18-month gold buying streak

Stronger-than-expected job growth pressures gold

Market expects less dovish stance from the Federal Reserve

7 Jun 2024, 12:54
Stronger-than-expected job growth pressures gold

ECB cuts rates to 3.75%, future moves unclear

The ECB cuts its deposit rate to 3.75% but leaves future policy moves uncertain amid an improved inflation outlook.

6 Jun 2024, 13:31
ECB cuts rates to 3.75%, future moves unclear

Bank of Canada cuts rates for first time in four years

The Bank of Canada reduced its key interest rate by 25 basis points to 4.75% in June 2024, marking an end to 11 months of peak rates. The decision follows lower-than-expected GDP growth and signs of easing inflation.

5 Jun 2024, 14:11
Bank of Canada cuts rates for first time in four years

PCE matches expectations as gold holds steady around $2,360

PCE at 2.7% YoY, matching both expectations and the previous month

31 May 2024, 13:57
PCE matches expectations as gold holds steady around $2,360

US Q1 GDP growth revised to 1.3%

Futures trimmed losses after US first-quarter GDP was revised down to 1.3%, as expected. Initial jobless claims rose to 219,000.

30 May 2024, 13:25
US Q1 GDP growth revised to 1.3%

Gold faces pressure in Asian session

Market participants are eagerly awaiting new US economic data and upcoming speeches from Federal Reserve policymakers for further insights on future policy directions

30 May 2024, 06:50
Gold faces pressure in Asian session

Germany inflation rate rises to 2.4% in May

Germany's inflation rate rose to 2.4% in May, potentially not influencing the ECB's upcoming interest rate decision but the tone.

29 May 2024, 13:50
Germany inflation rate rises to 2.4% in May