Authorized and Regulated Entities: SARACEN MARKETS (PTY) LTD

UK Inflation Hits BoE Target, Bolstering Rate Cut Prospects Amid Global Market Calm 1

UK Inflation Hits BoE Target, Bolstering Rate Cut Prospects Amid Global Market Calm

Market Outlook /

UK inflation has finally fallen to the Bank of England’s target for the first time in nearly three years, strengthening the argument for potential interest rate cuts later this year. The Office for National Statistics reported on Wednesday that the Consumer Prices Index rose 2% year-on-year in May, down from 2.3% in April, aligning with economists’ […]

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Traders Eye U.S. Retail Sales and Fed Commentary Amid Rising Treasury Yields and Trade Tensions 3

Traders Eye U.S. Retail Sales and Fed Commentary Amid Rising Treasury Yields and Trade Tensions

Market Outlook /

As the U.S. heads into a midweek holiday, traders are gearing up for a critical batch of retail sales data and a series of speeches from Federal Reserve officials. Treasuries saw gains in Asia trading on Tuesday after a decline on Monday, driven by a surge in high-grade corporate bond issuances surpassing $21 billion. The market’s

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Yen Set for Further Decline as Bank of Japan Disappoints with Lack of Bond Purchase Details 5

Yen Set for Further Decline as Bank of Japan Disappoints with Lack of Bond Purchase Details

Market Outlook /

The yen is poised to extend its recent losses after the Bank of Japan (BOJ) failed to provide specific details on its plans to cut bond purchases, leading to a more dovish outcome than markets had anticipated. Japan’s currency is expected to weaken beyond 158 per dollar, with the BOJ’s tightening pace slower than market expectations

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Fed Signals Only One Rate Cut for 2024 as Core CPI Hits Three-Year Low 7

Fed Signals Only One Rate Cut for 2024 as Core CPI Hits Three-Year Low

Market Outlook /

The Federal Reserve has scaled back its rate cut projections for this year, indicating just one quarter-point reduction, down from three projected in March. The core consumer price index fell to its lowest level in over three years, suggesting clear signs of data softening. Despite this, markets continue to anticipate that the Fed will cut rates

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Market Tensions High Ahead of US Inflation Report and Fed Decision 9

Market Tensions High Ahead of US Inflation Report and Fed Decision

Economic News /

As traders brace for the dual impact of the upcoming US inflation report and the Federal Reserve’s decision, market anxiety is palpable. The index of dollar strength has extended its rally for the fifth consecutive session, nearing its annual peak. Treasuries steadied following a robust $39 billion auction, fueled by speculation that Wednesday’s inflation data

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Market Focus Shifts to US Inflation Data, Fed Decision, and Global Policy Moves 11

Market Focus Shifts to US Inflation Data, Fed Decision, and Global Policy Moves

Economic News /

This week, investors are zeroing in on US inflation data and the Federal Reserve’s monetary policy decision, with key UK employment figures on Tuesday also potentially influencing the Bank of England’s next move. The Federal Reserve is widely expected to maintain current borrowing costs, but uncertainty surrounds officials’ rate projections. A 41% plurality of economists

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Investors Await Fed Forecasts and BOJ Announcement Amid Market Fluctuations 13

Investors Await Fed Forecasts and BOJ Announcement Amid Market Fluctuations

Economic News /

Investors are keenly anticipating the Federal Reserve’s updated interest rate forecasts on Wednesday, which may offer insights into the central bank’s commitment to easing monetary policy. Meanwhile, the Bank of Japan is expected to keep its policy steady in its announcement scheduled for Friday. Oil prices inched higher after experiencing a weekly decline, as the market continues to

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Market Focus Shifts to Key US Jobs Report, Dollar Holds Steady 15

Market Focus Shifts to Key US Jobs Report, Dollar Holds Steady

Economic News /

Market participants are keenly awaiting a crucial US jobs report likely to influence the Federal Reserve’s policy outlook. The dollar remained steady, while Treasury yields inched higher. Traders have intensified their bets on rate cuts in the past week, spurred by softer-than-expected US economic data and recent policy easing by the Bank of Canada and the

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Dollar Retreats Amid Reassessment of Interest-Rate Cut Bets 17

Dollar Retreats Amid Reassessment of Interest-Rate Cut Bets

Economic News /

The dollar came under pressure as markets reassessed bets on interest-rate cuts, retreating as policy easing in Canada shifted focus to the US rate path. Investors are also anticipating a potential rate reduction by the European Central Bank when policymakers meet on Thursday. Ahead of this week’s US jobs report, a private payrolls reading on Wednesday showed

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Decline in US Job Openings Bolsters Bets on Fed Rate Cut 19

Decline in US Job Openings Bolsters Bets on Fed Rate Cut

Economic News /

Markets are shifting their focus to a series of labor-market readings this week, including Friday’s US jobs report, for further clues on when the Federal Reserve might deploy rate cuts. Early Wednesday, gold prices attempted a tepid rebound toward $2,340, having tested a three-week low of $2,315 a day earlier. Investors are now closely watching

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