Market News

Iran Attacks Israel With Hundreds of Missiles, Entire Israeli Population Shelters for an Hour; US Dollar Rises, Stocks Fall Except in China; Crude Oil Firms on Fears of Escalating Mideast Conflict

Fed Chair Powell Signals No Rush To Cut Rates ; US Dollar & Treasury Yields Advance; German Preliminary CPI Lower Than Expected

Japanese Nikkei 225 Index Plunges by Over 4%, Chinese HSI Up By 4%; AUD, NZD Advance in Forex Market, Yen Surges Further on Ishiba Win

S&P 500 Closes at New Record High; GBP/USD Briefly Breaks $1.3400, EUR/USD Trades at 1-Year High; Gold Remains Bullish; Markets Await SNB Policy Meeting, US Final GDP

Gold Trades at $2,670 Record in Tokyo Session; S&P 500 Closes at New Record High; GBP/USD Powers to 2.5 Year High; Australian CPI Falls to 2.7% as Expected

The Reserve Bank of Australia (RBA) maintained the cash rate at 4.35% following the latest meeting of the Bank’s Board on Tuesday. RBA’s Bullock says no cuts expected for “near term”. Australian dollar shows limited reaction as the RBA decision was expected.

RBA Has Little Effect on Aussie; Gold Trades at $2,638 Record in Tokyo Session; Stock Markets Remain Bullish as S&P 500 Closes at New Record; Markets Await Australian CPI Data

Gold Trades at $2,631 in Tokyo Session; Stock Markets Remain Bullish; Markets Await Flash Manufacturing & Services Data

The Federal Reserve lowered interest rates on Wednesday by 0.50%, or 50 basis points, bringing the benchmark interest rate to a target range of 4.75 percent to 5.50 percent.

US Fed Cuts by 0.50%, Promises 0.50% More By 2025; Risky Assets Decline Then Rebound on “Sell the Fact”; Gold, S&P 500 Index Trade at New All-Time Highs; Markets Await Bank of England, Bank of Japan

S&P 500 Closes Lower After Touching All-Time High; CME FedWatch Tool Shows 65% Expect Deep Rate Cut; Markets Mostly Consolidate Ahead of Fed Meeting; Canadian Inflation Dips; UK Inflation Data Awaits

CME FedWatch Tool Shows 67% Expect Deep Rate Cut Tomorrow; US Dollar Loses More Ground; US Treasury Yields Fall to Fresh Long-Term Lows; Gold, Yen Decline After Making New Highs

Gold Trades Near $2,600 During Asian Session; USD/JPY Reaches New 1-Year Low Below ¥140; Trump Survives Assassination Attempt; Markets Await Fed; Bank of Canada Seemingly Open To Cutting Rates Faster

US Core CPI Data a Touch Hot; New Consensus Fed Won’t Cut by 0.50% This Month; Stock Markets Make Strong Gains; ECB Expected to Cut Main Refinancing Rate Today; Betting Markets See Small Swing to Harris After Presidential Debate

US inflation for August rose 2.5% year-on-year, in line with the market estimate. The US dollar posts gains against the major currencies today. Market odds of a 25 basis-point cut this month increase to 85%.