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    DAILY MARKET ANALYSIS

    Stay on top of your trading with analyses of the latest market news.

    31 May 2024
    Japan to intervene in forex market as the Japanese yen hits 34-year low 

    Key points:  Finance Minister of Japan Shunichi Suzuki emphasizes need for forex stability.  Suspected intervention of JPY 9 trillion (approximately USD 57.11 billion) to support the Japanese currency.  10-year Japanese government bond yield reaches 1.1%, highest since 2011.  This article …

    31 May 2024
    Gold edges higher ahead of key inflation report, poised for monthly gain

    Key points: Gold is on track for its fourth consecutive monthly gain, showing resilience in the face of fluctuating economic indicators. The market anticipates the April personal consumption expenditures price index, a critical measure for future Federal Reserve policies. Gold …

    31 May 2024
    NZD rises against slow economic growth in the U.S. 

    Key Points:  New Zealand dollar rises to $0.612 as economic growth in the US is slower than expected, indicating potential for rate cuts.  Investors await US PCE inflation data and the speech from RBNZ Governor Adrian Orr.  The New Zealand …

    31 May 2024
    Dollar steadies before inflation test; Yen unaffected by Tokyo CPI

    Key points: U.S. economy grew at a 1.3% annualised rate from January through March, down from an estimated 1.6%. Market participants eye the upcoming PCE inflation report for further direction on U.S. interest rates. On Friday, the dollar was recovering …

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