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Read snapshots of the latest market news
U.S. growth slows, Eurozone surprises in Q3
The U.S. economy grew by 2.8% in Q3, slightly under expectations, while strong consumer spending and a resilient job market supported growth. In Europe, Germany’s inflation rose to 2%, and Eurozone GDP grew by 0.4%, with both Germany and France exceeding forecasts.
30 Oct 2024, 14:11
Political shift lifts USD/JPY as Japan's ruling party loses ground
Mixed start with strong USD driven by rising yields and Fed rate cut expectations
28 Oct 2024, 05:55
USD/JPY climbs, eyes on Japan's response.
Today's focus includes the US Crude Oil inventory report, ECB speeches, and major corporate earnings
22 Oct 2024, 07:19Gold extends record-breaking rally, China lowers rates
The People's Bank of China slashed key lending rates, with the 1-year LPR at 3.1% and the 5-year LPR at 3.6%. Meanwhile, gold prices continued their record-breaking rally, driven by rising geopolitical tensions
21 Oct 2024, 13:42Gold's five-day winning streak continues
Gold hit a new high of $2,720 per ounce last week, reaching above $2,730 on Monday during Asian trading, marking its fifth consecutive day of gains.
21 Oct 2024, 06:17Sterling gains on strong retail sales
Sterling rose on strong retail sales data, while Japan's inflation slowed, China's growth remained under pressure, and gold hit a record high amid geopolitical concerns
18 Oct 2024, 13:03Gold at ATH, ECB cuts rates
Gold prices pushed through the $2700 resistance to claim $2714 a new record high on market uncertainty
18 Oct 2024, 08:02USD at August highs, markets await key US data
Retail sales and jobless claims are in focus as markets weigh the impact of consumer spending against labor market conditions
17 Oct 2024, 07:17Sterling slumps as UK inflation declines sharply
Sterling slumped after UK inflation data showed a sharper-than-expected decline, fueling expectations of a Bank of England rate cut, while inflation trends in New Zealand and the US also point toward easing monetary policies
16 Oct 2024, 13:02Euro weakens: ECB faces deflation risks
Soft inflation in Europe fuels ECB easing expectations, while mixed UK employment data eases BoE inflation worries
15 Oct 2024, 07:35