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BoJ minutes indicate more rate hikes coming, yen dips

The Bank of Japan minutes from June indicated that the central bank plans to raise rates if growth and inflation increases in line with BoJ forecasts. The US ISM Services PMI is expected to rise 51.5 in July, which would indicate weak expansion.

05-08-2025 10:40 GMT by Kenneth Fisher

Swiss inflation unchanged, Swiss franc extends gains

Swiss inflation was unchanged in July, down from 0.2% a month earlier. If inflation continues to drop, the SNB could push interest rates into negative territory. US nonfarm payrolls came in at 73 thousand, lower than expected, and the May and June reports were revised sharply lower. This points to widening cracks in the US labour market.

04-08-2025 15:00 GMT by Kenneth Fisher

Australia inflation gauge hits 20-month high, Aussie gains ground

Australia's MI inflation guage jumped 0.9% in July, up sharply from 0.1% in June. The RBA is widely expected to cut rates on Aug. 12 as inflation has been contained. US nonfarm payrolls were weaker than expected, as the cracks in the labor market appear to be wider than previously expected.

04-08-2025 14:15 GMT by Kenneth Fisher

Japanese yen soars on weak US jobs report

The US employment report was softer than expected and has raised concerns about the strength of the labor market. Job growth in July was 73 thousand, well short of the estimate of 110 thousand. As well, the May and June figures were revised sharply downwards. The BoJ releases the minutes of its June meeting on Tuesday.

04-08-2025 11:35 GMT by Kenneth Fisher

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Major NFP disappointment combined with sharp downward revisions

Crucial Non-Farm Payrolls report, showing a consequent miss. With just 73K jobs added vs 110K expected and a brutal downward revision for the prior month, risk assets are selling off sharply. The VIX surging, bonds and gold ralling, and traders now price in greater odds of a Fed rate cut in September.

01-08-2025 13:09 GMT by Elior Manier

Canada's GDP contracts, US nonfarm payrolls misses forecast

Canada's GDP for May showed a 0.1% decline, identical to the April release. June is expected to be better, with a market estimate of 0.1%. US nonfarm payrolls was much lower than expected at 73 thousand, compared to the market estimate 106 thousand. Still, this was better than the May report of a revised 14 thousand.

01-08-2025 10:25 GMT by Kenneth Fisher

The SEC launches Project Crypto – Crypto news

The SEC just announced Project Crypto – Explore what it changes in terms of wider adoption for digital assets and take a look at the global Crypto Market Technicals to get some edge before tomorrow's key NFP release.

31-07-2025 19:43 GMT by Elior Manier

BoJ raises inflation forecast, yen weakens past 150

The Bank of Japan held rates at 0.50% at today's policy meeting. The central bank revised upwards its inflation forecast, which could signal a rate hike before the end of the year. The Federal Reserve also maintained rates on Wednesday, with Fed Chair Powell stating that no decision had been made regarding the September meeting.

31-07-2025 16:05 GMT by Kenneth Fisher

The Federal Reserve keeps their rates unchanged

The FED keeps their rates unchanged between 4.25% to 4.50% – Access the reports and observe a few reactions to some key assets

30-07-2025 18:17 GMT by Elior Manier

Canadian dollar slips to 2-month low as BoC maintains rates

The Bank of Canada held the benchmark rate at 2.75% today, as widely expected. The BoC statement expressed concern about the "unpredictable" US trade policy. The Fed meets tonite and is virtually certain to hold rates.

30-07-2025 14:50 GMT by Kenneth Fisher

Australian inflation lower than forecast, Fed up next

Australia's inflation rated dropped to 2.1% in Q2, which was lower than expected. This cements a quarter-point rate from the RBA at the August meeting. The Fed meets today and is widely expected to maintain rates for a fifth straight meeting.

30-07-2025 09:00 GMT by Kenneth Fisher

Australian dollar under pressure, CPI expected to ease

The Australian dollar continues to lose ground against the greenback. Australia releases the second-quarter inflation report on Wednesday and both headline and core CPI are expected to ease. The markets have priced in a rate cut at the August meetinTOg and if inflation fell in Q2, it will likely cement a rate cut.

29-07-2025 13:10 GMT by Kenneth Fisher

Pound falls to 9-week low, UK food inflation jumps

The British pound continues to lose ground and fell to a 9-week lower earlier. UK shop inflation jumped 0.7% in July as food prices continue to accelerate.

29-07-2025 09:40 GMT by Kenneth Fisher

EU and US reach a deal, Euro slips

US President Trump can add another feather to his cap after reaching a trade deal with the EU. The US will impose 15% tariffs on most European imports and the EU has agreed to spend hundreds of billions in investment in the US. The euro moved higher immediately after the deal was announced but has reversed directions.

28-07-2025 09:10 GMT by Kenneth Fisher

UK retail sales rebound, Pound dips

UK retail sales rebounded in June with a 0.9% gain, up from a dismal -2.8% in May. The BoE meets in August and will have to decide whether to cut or hold rates. There are cracks in the labor market but inflation heated up in June.

25-07-2025 12:40 GMT by Kenneth Fisher

Tokyo inflation lower than expected, yen extends losses

The Japanese yen has extended its losses on Friday. Tokyo Core CPI eased to 2.9% while the "core-core" rate remained unchanged at 3.1%. The BoJ meets next week and is expected to maintain interest rates.

25-07-2025 09:40 GMT by Kenneth Fisher

ECB holds rates as expected, Euro steady

As expected, the ECB held rates today for the first time in over a year. The central bank pointed to "exceptionally uncertain" economic conditions for its cautious decision. Still, investors expect at least one more rate cut before the end of the year.

24-07-2025 15:50 GMT by Kenneth Fisher

UK posts soft PMIs, retail sales expected to rebound, Pound edges lower

UK Services PMI weakened to 51.2 and the Manufacturing PMI improved to 48.2, which points to contraction. In the US, Services PMI heated up to 55.2, which indicates strong expansion. Manufacturing moved back into contraction territory as the PMI fell to 49.5. UK retail sales are expected to bounce back in June, after posting declines in May.

24-07-2025 15:05 GMT by Kenneth Fisher

Japan posts mixed PMIs, Tokyo inflation expected to rise

Japan posted mixed PMIs, as services continued to expand, while manufacturing reverted back to contraction. Tokyo Core CPI, which will be released on Friday, is expected to ease in July to 3.0%, down from 3.1% in June.

24-07-2025 10:15 GMT by Kenneth Fisher

Australian dollar hits eight-month high on risk-on mood

The Australian dollar is up 0.50% today, as the markets are in a risk-on mood following news that the US and Japan have hammered out a trade agreement. The deal includes 15% tariffs on Japanese imports into the US.

23-07-2025 14:15 GMT by Kenneth Fisher

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