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    DAILY MARKET ANALYSIS

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

    28 May 2024
    Aussie rises as investors await inflation data 

    Key points:  Australian dollar appreciates past $0.665, marking a three-day winning streak.  Domestic inflation figures and cautious retail sales data influence interest rate outlook.  Market bets on the Reserve Bank of Australia maintaining high rates longer.  The Australian dollar (AUD) …

    28 May 2024
    China’s yuan dips as PBOC sets new midpoint

    Key points: PBOC sets the midpoint rate at 7.1101 per U.S. dollar. Onshore yuan opened at 7.2425 per dollar, midday at 7.2461, weaker by 11 pips. On Tuesday, China’s yuan slipped slightly as traders remained cautious ahead of key inflation …

    28 May 2024
    Rupee targets speculative flows after key resistance defeat

    Key points The Indian rupee opens little changed, with a focus on speculative flows. U.S. core PCE inflation data and Fed policy outlook remain crucial for global markets. The Indian rupee is expected to open steady on Tuesday, influenced by …

    27 May 2024
    Gold rises ahead of key US inflation data release 

    Key points:  Gold rises to $2,339.9 a troy ounce, recovering from recent losses.  Market focus shifts to the U.S. Personal Consumption Expenditures (PCE) price index release this coming Friday.  Federal Reserve minutes dampened hopes for rate cuts, impacting gold prices …

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