Market Overview
The US Fed surprised the market with a sharp rate cut. Australia's labor market remains resilient
2024.09.19
The Australian dollar rose to $0.678 as good employment data suggested that the economy remains strong, giving the Reserve Bank of Australia (RBA) room to hold policy.
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The US Federal Reserve will begin its rate-cutting cycle today. In the UK, inflation figures were unchanged
2024.09.18
US manufacturing production in August added 0.9% m/m, which was stronger than expectations of 0.2% m/m and was the largest increase in the last 6 months.
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Oil prices rise amid the negative impact of hurricanes. The New Zealand dollar remains under pressure
2024.09.17
WTI crude oil prices rose to around $70.6 a barrel on Tuesday, marking the second consecutive session of gains on supply concerns.
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The US Federal Reserve may start the rate-cutting cycle with a 0.5% move. Silver reached a 2-month high
2024.09.16
The US University of Michigan Consumer Sentiment Index for September rose more than expected to a 4-month high, supporting the outlook for a soft landing for the economy, a favorable factor for indice...
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Week's main events Week's main events (September 16 – September 20)
2024.09.16
A week of central bank meetings and inflation data ahead
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Weakening US inflation fuels indices and precious metals. ECB cut interest rates as expected
2024.09.13
The ECB lowered its 2024 Eurozone GDP prognosis to 0.8% from the previous estimate of 0.9% and raised its 2024 core inflation expectation to 2.9% from 2.8%.
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The ECB will lower interest rates today. The Bank of Japan may raise rates to 1% within a year
2024.09.12
WTI crude oil prices rose by 2.4% to $67.3 on Wednesday, regaining some ground after hitting a near three-year low in the previous session. However, oil prices remained near their lowest level since M...
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Oil prices have fallen to November 2021 lows. OPEC+ lowered demand estimates
2024.09.11
WTI crude prices fell more than 4% to $65.7 a barrel on Tuesday, hitting their lowest level since November 2021, after OPEC cut demand prognoses for the second time in two months.
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Natural gas prices fell by 4%. Oil also remains under pressure from weak demand
2024.09.10
US natural gas (XNG/USD) prices fell more than 3% to below $2.35 per MMBtu due to a looming hurricane expected to hit Louisiana this week.
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The Bank of Canada is likely to continue cutting rates amid a weak labor market. OPEC+ postponed the planned production increase
2024.09.09
Canada's unemployment rate climbed to 6.6%, the highest since October 2021, reflecting the Bank of Canada's fears of a cooling labor market, as evidenced by its recent 25 bps rate cut.
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