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    Market Analysis

    11 June 2024
    Asian assets cautious ahead of US CPI data and Fed meeting

    Key points: Indonesian rupiah at lowest level in 4 years Taiwan stocks jump to a record high US CPI data and Fed policy meeting due on Wednesday Emerging Asian markets were finely balanced on Tuesday as traders awaited the release …

    11 June 2024
    Aussie and kiwi weaken as U.S. risk events loom

    Key points: Australian and New Zealand dollars slip ahead of Fed meeting and U.S. inflation data. Support for Aussie dollar at $0.6580 and kiwi dollar at $0.6080. The Australian and New Zealand dollars faced pressure on Tuesday as traders prepared …

    10 June 2024
    Indonesian Rupiah hits 4-year low; Other Asian forex dip before key data

    Key points: Indonesian Rupiah reaches a four-year nadir, influencing broader trends in emerging Asian currencies. Jakarta stocks descend to their lowest point since November 2023, amid regional market pressures. The Indonesian Rupiah marked a new four-year low on Monday, declining …

    10 June 2024
    Euro hits one-month low following Macron’s snap French election call

    Key points: Euro drops sharply due to political uncertainties in France and a strong U.S. job report. Dollar strengthens, supported by expectations of delayed rate cuts by the Federal Reserve. The Euro experienced a decline, reaching a one-month low, as …

    10 June 2024
    Oil prices dip due to uncertainty on OPEC+ cuts and strengthening of USD 

    Key points:  Brent crude futures fell to $79.58, and WTI crude futures dropped to $75.49 per barrel.  Strong US jobs data pushed out expectations for interest rate cuts, strengthening the US dollar.  Call for snap legislative elections by Macron adds …

    10 June 2024
    Strong nonfarm payrolls report throws rate cut timeline of the Federal Reserve into question 

    Key points:  US nonfarm payrolls exceed expectations with 272,000 new jobs in May.  Strong job gains complicate the trajectory of the anticipated rate cut by the Federal Reserve.  A high interest rate prospects boost the US dollar and impact gold …

    10 June 2024
    Week ahead: FOMC maintains rates despite inflation easing

    The Federal Open Market Committee (FOMC) chose to maintain the federal funds rate at its meeting on May 1, marking the sixth consecutive meeting without a change. This decision was influenced by earlier inflation data and robust job growth, which …

    7 June 2024
    Oil prices rebound following OPEC+ reassurance, but set for weekly decline 

    Key points:  Brent crude futures rise to $79.89 per barrel; WTI crude futures reach $75.59.  Oil prices supported by reassurance from Saudi Arabia and Russia about potential adjustments to supply agreements.  Prices set for the third consecutive week of declines …

    7 June 2024
    Nvidia soars to record highs, eyes top spot by market cap 

    Key Points:  Nvidia surpasses Amazon and Apple to become the second-largest US company.  Shares of Nvidia close at a record $1,224.40, bringing the company to a market cap of $3.01 trillion.  Elon Musk orders thousands of AI chips from Nvidia, …

    7 June 2024
    Gold set for first weekly gain in three weeks as US dollar, yields decline

    Key points: Weaker labor data could boost gold prices, according to analysts. The U.S. non-farm payrolls data is due at 1230 GMT. Gold is expected to reach another record high this year. Gold prices held steady on Friday and were …