Market Overview

Intervention threat spurs mild rebound in yen after top currency official’s warningYuan also rebounds, triggering broader retreat in US dollarStock market rally cools amid quieter week before...

China’s economy continues to struggle 15 months after “reopening” from their COVID lockdowns (December 2022).Now, back then, many media pundits expected a booming Chinese recovery as...

Gold Continues to Decline, but the General Trend Remains BullishThe gold (XAU) price declined by 0.76% on Friday as the US dollar continued to strengthen following the release of better-than-expected...

Not much has changed since Friday. The USD has remained strong across the board, despite some initial volatility in the FX markets.Initially, the Fed's dovish stance led to a decline in the USD....

The Bank of Japan (BoJ) decided to hike the interest rates for the first time after 17 years but the yen has been weakening since then, on fear that this would be a ‘one and done’...

It will be a strange week, given the calendar’s lunar eclipse on Monday and the market’s closure on Friday. Add to that a PCE report on Friday, the day the market is closed, and a Jay...

The US economy remains on track to post a moderate growth rate in the upcoming first-quarter GDP report, but the expansion shows signs of slowing.Output for the January-through-March period is...

Wall Street leads rally in equity markets, fuelled by rate cut optimism But US dollar stages surprise rebound amid US exceptionalismPound slides on BoE’s dovish tilt, yen steadies, PBOC loosens...

It is long past the time that we face the fact that “Social Security” is facing a retirement crisis. In June 2022, we touched on this issue, discussing the stark realities confronting...

Gold Corrects to the Downside and as Aggressive Buying Runs Out of SteamThe gold (XAU) price dropped by 0.24% on Thursday as traders took profit on their long positions after a very strong 3-week...

Since the beginning of March, the S&P 500 has been undergoing a nice consolidation, which passed between the day before yesterday and yesterday.However, the index did manage to hit the upper trend...

Both the Bank of England and the Federal Reserve held interest rates steady, with future cuts hinted at based on inflation progress.After today’s announcement by the Bank of England to hold key...

Investors were net sellers of fund assets (including those of conventional funds and ETFs) for the first week in four, redeeming a net $49.8 billion for the LSEG Lipper fund-flows week ended...

The second big surprise of the week came from the Swiss National Bank (SNB). The Swiss cut the interest rate by 25bp to 1.5% yesterday, in a surprise move, and became the first major central bank to...