In an interview on Dutch television overnight, ECB Governing Council member Klaas Knot emphasized that interest rates across Europe are poised for continued gradual reductions. Knot affirmed that as ECB gains confidence in achieving its 2% inflation target, “interest rates will simply keep falling.” Looking ahead, “I would expect us to continue to gradually reduce […]
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Key Highlights Gold rallied to a new all-time high above the $2,660 level. A major bullish trend line is forming with support at $2,590 on the 4-hour chart. Oil prices might struggle to settle above Read more…
Australia’s monthly CPI slowed from 3.5% yoy to 2.7% yoy in August, marking the lowest reading since August 2021. Core inflation measures also eased, with CPI excluding volatile items and holiday travel declining to 3.0% Read more…
BoC Governor Tiff Macklem, in a speech overnight, suggested that more interest rate cuts are likely, contingent on incoming economic data. He acknowledged, “With the continued progress we’ve seen on inflation, it is reasonable to Read more…