Market News

Bank of Canada will announce its July monetary policy decision on Wednesday. The bank is seen raising interest rates by 25 basis points to 5.0% as part of its ongoing fight against high inflation....

The U.S. dollar gives up ground on Monday, extending last Friday’s losses ahead of the release of a key U.S. inflation report, which could help set the trading bias in financial markets in the coming days and weeks....

Gold is unable to break through short-term resistance and may drift lower ahead of this week’s US inflation release....

Sterling appears to be on the back foot at the start of the week following an impressive rally of late. Will Governor Bailey and UK Employment data keep Sterling supported?...

The Euro got a boost last week as US labor-data made markets rethink just how high rates might go. It’s hanging on to those gains as new week gets under way...

​​Outlook on FTSE 100, DAX 40 and S&P 500 as Chinese economy remains lacklustre....

AUD/USD looks ahead to Fed guidance later today after a weak start to the trading day....

The crude oil price eased a touch today as it remains trapped in a range with soft Chinese data and Madame Secretary Yellen not ruling out a US recession. US CPI is now in view....

The gold price is poised near US$ 1,930 going into the new week with a US Dollar losing traction despite Treasury yields ticking north. Will real yields play a role in XAU/USD direction?...

The Japanese yen looks set this week to shed some of its gains against some of its peers, but cracks are starting to emerge in the Japanese currency’s broader downtrend that could limit any weakness....