Daily Market Recap & Outlook

The Bank of Japan’s Core CPI y/y eased to 2.0% in July, below forecasts of 2.4% and down from 2.3% in June. The release, delayed by about ten minutes, highlighted that underlying inflation is softening and moving closer to the BOJ’s 2% target. The data reinforced expectations that the central bank will remain patient, focusing instead on wage trends and the sustainability of price momentum.

US Stocks Rally as Dow Hits Record High; Powell’s Remarks Boost Rate Cut Bets US equities closed higher on Friday, with the Dow Jones Industrial Average finishing at an all-time high. The rally was fueled by Federal Reserve Chair Jerome Powell’s comments at the...

The Federal Reserve kept the federal funds rate unchanged at 4.25–4.50% at its July 30 meeting, in line with market expectations. The minutes showed that core PCE inflation remained at 2.7% in June, still above target, while also emphasizing that economic activity...

Statistics Canada reported that July’s Consumer Price Index (CPI) held steady at 1.7% year-on-year, unchanged from June and below the forecast of 1.9%. This marked the fourth straight month of inflation running under the BoC’s 2% target midpoint, highlighting...

The Reserve Bank of New Zealand (RBNZ) cut the Official Cash Rate (OCR) by 25 basis points to 3.0% at its August 20 meeting, in line with market expectations. This marked the third consecutive reduction in 2025, as policymakers responded to weak domestic demand, spare...

In early Asian trading on Tuesday, international oil prices edged lower. Brent crude futures slipped 0.19% to $66.32 per barrel, while U.S. WTI September futures fell 0.45% to $62.43. The more actively traded October contract also retreated to $62.61. Compared with...

The AUD/USD pair is holding firm near 0.6510 in early Asian trade on Monday, buoyed by a weaker US Dollar (USD). Soft US economic data has strengthened expectations of a Federal Reserve (Fed) rate cut in September, weighing on the Greenback. Traders now turn their...

Australia’s Unemployment Rate Eases in July Australia’s unemployment rate dipped to 4.2% in July from 4.3% in June, in line with market expectations, according to the latest Bureau of Statistics data. AUDUSD – Daily Chart The Australian dollar climbed to a two-week...

It’s now confirmed: as widely anticipated, the Reserve Bank has delivered its third interest rate cut of the year, lowering the cash rate target to 3.60 per cent. AUS200 H1 Chart The Australian stock market has notched yet another all-time high, adding to a year...