Market Minutes

Read snapshots of the latest market news

Citi expects the yen to weaken

Citi Bank projects the USD/JPY possibly reaching 150 by late 2024 but falling below 140 in early 2025.

Gold eases after record high; silver holds steady

The U.S. dollar’s slight rise softened gold prices, but Fed easing could limit the impact

RBA set to hold, while SNB may consider bold rate move

RBA is expected to hold rates steady and the SNB faces pressure to weaken the Swiss franc with a potential aggressive rate reduction.

FOMC decision day

Investors await the outcome of one of the most closely watched Federal Reserve meetings in years, with uncertainty over a 25 or 50 basis point cut fueling expectations of market volatility

Yen at 8-month high, gold at all-time high

Safe havens shoot higher ahead of the Feds key decision this week.

Dollar slumps as markets raise odds of 50bps Fed rate cut

The dollar weakened significantly after market participants raised the probability of a 50bps rate cut by the Fed next week.

US unemployment rate falls to 4.2%

US NFP repot slightly lower than expected; unemployment rate drops to 4.2%

Global markets react to weak US manufacturing data

US manufacturing activity fell short of expectations, Brent crude prices hit a low since December 2023 due to demand concerns

Trading subdued amid low volatility

Trading was subdued due to low volatility from the Labor Day holiday, with investors cautious ahead of key economic data later this week.

US payroll data to be the focus of the week

Bloomberg forecasts 155,000 new jobs in August, with unemployment expected to dip from 4.3% to 4.2%.